Sign in Subscribe
Police officers

Enforcement Directorate Attaches Assets Worth Rs. 1.29 Crore of Former Punjab Police Officer

Strategic Insights

— 2 min read

The Enforcement Directorate (ED) has attached assets worth Rs. 1.29 crore of Ashish Kapoor, a former assistant inspector general (AIG) of police, as part of an alleged extortion-linked money laundering investigation. Kapoor was arrested in October 2022 under the Prevention of Corruption Act for allegedly taking a bribe worth Rs. 1 crore in a 2016 case. The ED initiated a probe based on a First Information Report (FIR) filed by the Punjab Police in 2019 and 2022, alleging that Kapoor received cash and gold jewelry from accused persons while they were in police custody and later in jail. The investigation revealed that Kapoor acquired unaccounted immovable and movable assets in his wife's name in Chandigarh and Mohali between August 2017 and August 2022.

Key Takeaways:

  • The ED attached assets worth Rs. 1.29 crore of Ashish Kapoor, a former AIG of police, under the Prevention of Money Laundering Act (PMLA).
  • Kapoor was arrested in October 2022 under the Prevention of Corruption Act for allegedly taking a bribe worth Rs. 1 crore in a 2016 case.
  • The ED initiated a probe based on a FIR filed by the Punjab Police in 2019 and 2022, alleging that Kapoor received cash and gold jewelry from accused persons while they were in police custody and later in jail.
  • The investigation revealed that Kapoor acquired unaccounted immovable and movable assets in his wife's name in Chandigarh and Mohali between August 2017 and August 2022.
  • Kapoor purchased a plot in Sector 88, Mohali, for Rs. 90.16 lakh in 2020 and constructed a luxurious two-storied house between 2020 and 2022 at an estimated cost of Rs. 2 crore.
  • The total income of Kapoor and his wife from their known sources was Rs. 2.44 crore, while their total expenditure during the same period was Rs. 5.6 crore.
  • The Punjab and Haryana High Court granted bail to Kapoor a day after his arrest in June 2023 in the bribery case.

Statistics:

  • Rs. 1.29 crore: The value of assets attached by the ED.
  • Rs. 1 crore: The alleged bribe worth Kapoor took in a 2016 case.
  • Rs. 90.16 lakh: The amount Kapoor paid for the plot in Sector 88, Mohali.
  • Rs. 2 crore: The estimated cost of constructing the luxurious two-storied house in Mohali.
  • Rs. 2.44 crore: The total income of Kapoor and his wife from their known sources.
  • Rs. 5.6 crore: The total expenditure of Kapoor and his wife during the same period.
  • August 1, 2017 - August 31, 2022: The period during which Kapoor acquired unaccounted immovable and movable assets in his wife's name.

Sources:

  • Hindustan Times
  • Enforcement Directorate (ED) statement

Read more