News Railways

ED files money laundering case against tainted railway officer, ET Infra

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LUCKNOW: The Enforcement Directorate (ED) on Wednesday registered a money laundering case against railway officer KC Joshi who was arrested in September for allegedly accepting a bribe of Rs 5 lakh.

The case was lodged under the Prevention of Money Laundering Act, on the basis of a CBI case against Joshi.

Joshi was posted as principal chief material manager of North Eastern Railway in Gorakhpur when he was caught by the CBI on September 15 for accepting bribes.

Subsequently, CBI conducted raids at his homes in Noida and Gorakhpur and recovered unaccounted cash worth Rs 2.61 crore.

Additionally, Rs 1.6 crore worth of jewellery and cash was recovered from the bank accounts of Joshi’s relatives. Joshi, a 1988 batch officer of Indian Railway Stores Service, has been in jail since then.

ED has initiated the PMLA case to investigate the possible money laundering activities of Joshi and his kin. The agency will probe the sources of the unaccounted wealth and the channels through which it was acquired.

CBI had initially got a complaint against an Indian Railway Stores Service (IRSS) 1988 batch officer KC Joshi by

Gorakhpur-based businessman Pranav Tripathi had complained to CBI that Joshi was demanding Rs 7 Lakh for not cancelling the registration of his firm on GeM Portal.

Tripathi, whose firm supplied trucks to Railways on a yearly contract, had also alleged that Joshi was not clearing his payment of Rs 25 lakh.

CBI then laid a trap and nabbed Joshi while he was accepting Rs 3 lakh from Pranav.

After Joshi’s arrest, many railway contractors came up with complaints alleging that the officer had demanded bribes from them as well. The allegations are being probed by the investigating agencies.

  • Published On Nov 23, 2023 at 08:08 AM IST

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