Enforcement Directorate strikes again in Rajasthan, clamping down on a ₹13.48 crore property linked to railway fraud under stringent PMLA norms. Involved parties—M/s Vinayak Logistics India Pvt Ltd, its sister concern, and director Pravesh Kabra—now face total asset freezes of ₹16.15 crore, equivalent to scam proceeds.
This strategic attachment safeguards the exchequer’s dues, blocking all avenues for asset dissipation or recycling into fresh crimes.
Drawing from CBI’s tri-city FIRs with filed chargesheets, ED unearthed a calculated swindle. Offenders reclassified premium freight goods like waste marble powder and dolomite as bargain-basement alum and putty, pocketing massive savings on transport costs.
The 2021-2022 fraud wave involved tampering with 120 rake records using spurious paperwork and HSN mislabels. Geological assays irrefutably proved the cargo switch, tallying losses at ₹16.15 crore from freight and GST shortfalls.
Following initial seizures of ₹2.67 crore in bought assets, intensified trails exposed Kabra’s concealment via operational and lifestyle outflows, leading to the Gurugram residential plot’s provisional hold.
In an era of rising logistics malpractices, ED’s thoroughness sets a benchmark. Ongoing efforts focus on beneficiary networks, ensuring comprehensive recovery and systemic reforms to bulletproof freight verification processes.