ED Attaches ₹31.76 Lakh Assets Linked to Khurshed Khan in PMLA Probe

ED Attaches ₹31.76 Lakh Assets Linked to Khurshed Khan in Money-Laundering Case

The Enforcement Directorate (ED) has provisionally attached assets worth ₹31.76 lakh belonging to Khurshed Khan in connection with a money-laundering investigation involving alleged corruption, bribery, and accumulation of disproportionate assets.

The attached assets include bank balances and movable properties believed to be acquired through proceeds of crime, according to officials familiar with the investigation.

Background of the Case

Khurshed Khan is under investigation for allegedly amassing assets far beyond his known sources of income.
Authorities believe that:

• Illicit payments were collected from individuals seeking undue favours

• Unreported cash transactions were routed through personal and family accounts

• Wealth was layered and concealed through multiple financial channels

• Earnings were not justified by salary or permissible income streams

The ED initiated the probe after earlier criminal cases indicated possible corruption and misuse of official position.

How the ED Connected the Money Trail

During the investigation, the agency reportedly uncovered:

• Transactions showing sudden surges in bank balances

• Deposits inconsistent with declared income

• Use of intermediary accounts to disguise true ownership

• Purchases made without legitimate income sources

Based on financial analysis, ED concluded that the seized amount represented proceeds of crime and initiated provisional attachment under the Prevention of Money Laundering Act (PMLA).

What Attachment Means Under PMLA

Under PMLA provisions, attachment:

• Freezes ownership and prevents disposal of assets

• Stops the accused from transferring or selling the property

• Ensures assets remain available for confiscation if charges are proven

• Provides investigators time to complete forensic financial scrutiny

The order will now be examined by the PMLA adjudicating authority, which will decide whether the attachment should be confirmed.

Why the Case Matters

This case highlights growing scrutiny on:

• Officials allegedly misusing their position for illegal enrichment

• The use of personal bank accounts for laundering illicit funds

• The need for stronger audit and internal controls within departments

For enforcement agencies, it reflects the increasing reliance on digital forensics and financial-pattern tracking to detect corruption-driven laundering.

Next Steps in the Investigation

The ED is likely to:

• Examine additional properties linked to the accused

• Trace financial links to associates or intermediaries

• Analyze communication records and asset purchases

• Identify whether more proceeds of crime were diverted elsewhere

Further attachments or arrests may follow if larger irregularities are uncovered.

Shunyatax Global Perspective

The attachment of ₹31.76 lakh in assets marks another instance of financial accountability being enforced through PMLA — demonstrating that even smaller-value corruption cases are being pursued with full legal force.

Shunyatax Global remains committed to tracking key developments in anti-corruption enforcement, financial crime, and regulatory actions across India.

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