In a significant crackdown on money laundering, the Enforcement Directorate’s Jaipur Zonal Office has provisionally attached immovable property worth approximately ₹13.48 crore under the Prevention of Money Laundering Act (PMLA), 2002. This action targets M/s Vinayak Logistics India Private Limited, M/s Vinayak Logistics, and their proprietor/director Pravesh Kabra, accused of orchestrating a systematic fraud against Indian Railways.
The latest attachment brings the total value of seized assets in the case to around ₹16.15 crore, matching the entire proceeds of the crime uncovered during the investigation. By securing these funds, the ED ensures that the accused cannot dissipate, conceal, or further launder the illicit gains.
The probe stems from three FIRs registered by CBI’s SPE, Jaipur, in Nathdwara, Mandalgarh, and Bharatpur, where chargesheets have already been filed. Investigations revealed a meticulously planned criminal conspiracy where high-freight commodities like marble powder, waste marble powder, and dolomite were deliberately misdeclared as low-freight items such as alum powder and putty. This deception allowed the perpetrators to underpay freight charges to Indian Railways.
During 2021-2022, the accused manipulated railway booking records over 120 rakes using forged forwarding notes, tampered e-forwarding notes, and incorrect HSN codes for illicit transportation. Scientific analysis by the Geological Survey of India confirmed that the low-freight declared consignments were actually marble and dolomite powder, leading to evasion of railway freight and GST worth ₹16.15 crore, causing substantial loss to the public exchequer.
Earlier, the ED had attached properties valued at ₹2.67 crore purchased with crime proceeds. Further scrutiny exposed that the remaining ₹13.48 crore remained under Pravesh Kabra’s control, layered through business and personal expenses to obscure its origins. Consequently, a residential property in Gurugram was attached at this valuation.
This operation underscores the ED’s commitment to dismantling financial fraud networks and recovering every paisa of wrongful gains for the nation’s treasury. Investigations continue to trace any additional layers of laundering.