The noose tightens around corrupt railway insiders with ED attaching ₹1.39 crore in assets of Allaboinaina Satish, a seasoned IRSE engineer from the 2001 batch. Posted as Deputy Chief Engineer (Design) in Guwahati, Satish and his kin hold nine flats, plots, and three FDs now under PMLA provisional seizure by Visakhapatnam ED.
These holdings dwarf his known income streams, as detailed in CBI’s chargesheet from the Visakhapatnam ACB FIR. Over eight years ending 2016, asset buildup hit 83% above salary—clear red flags of foul play.
ED’s forensic probe revealed the modus operandi: Illicit funds parked as cash in family accounts, then funneled into realty via transfers or spot cash deals with contacts, obscuring origins. Satish’s inability to account for or document these sums sealed the illicit tag.
By attaching, ED thwarts evasion tactics, securing proceeds for potential confiscation. This fits into the agency’s rail-sector purge, ignited by CBI’s 2016 case on disproportionate wealth.
Ongoing inquiries signal more heat ahead, reinforcing zero tolerance for graft that siphons public resources. Such actions not only recover losses but deter future transgressions.