Chandigarh, April 30: Federal investigators have uncovered a network of benami properties and seized assets worth Rs 1.4 crore during recent raids linked to suspended DIG H.S. Bhullar. The Enforcement Directorate carried out the searches across 11 locations, focusing on the officer and a group of property dealers allegedly assisting in the movement of unaccounted wealth.
The Enforcement Directorate asserted that large sums of cash were deposited into and transferred between the accounts of several individuals who could not account for the source of the funds. The agency maintained that this capital was later directed toward the purchase of land, effectively laundering the money through the real estate sector.
Documents recovered during the operation involve properties located in key areas including Zirakpur, Ludhiana, Chandigarh, Kapurthala, and Mohali. Officials affirmed that these records provide a clear link between the diverted funds and the acquisition of agricultural and residential assets.
The current PMLA case stems from earlier actions by the CBI, which had investigated Bhullar for bribery and amassing wealth beyond his legal earnings. The officer was arrested last October, and the ED stated that the latest evidence strengthens the ongoing probe into his financial dealings. The agency maintained that the investigation into the full extent of the money laundering operation is continuing.
