ED Files Prosecution Complaint in Bhopal Against Saurabh Sharma and Others in Money Laundering Case Involving Rs. 108.25 Crore.


09 April 2025
The Directorate of Enforcement (ED), Bhopal Zonal Office, has intensified its crackdown on corruption and money laundering with the filing of a Prosecution Complaint (PC) against Saurabh Sharma and other individuals. The complaint, lodged before the Hon’ble Special Court (PMLA) in Bhopal on April 8, 2025, alleges offences under the Prevention of Money Laundering Act (PMLA), 2002. The court has since taken cognizance of the filed complaint on the same date.

In its prosecution complaint, the ED has also sought the confiscation of assets identified as Proceeds of Crime (POC), amounting to a substantial Rs. 108.25 Crore.


 

 

The ED's investigation was initiated based on a First Information Report (FIR) registered by the Special Police Establishment, Lokayukta Bhopal. The FIR was filed under sections 13(2) read with 13(1)(b) of the Prevention of Corruption Act, 1988, against Saurabh Sharma.

Subsequently, the ED arrested Saurabh Sharma, Chetan Singh Gaur, and Sharad Jaiswal under Section 19 of the PMLA, 2002, in connection with the case. All three individuals are currently in judicial custody and lodged in Central Jail, Bhopal.

Prior to filing the prosecution complaint, the ED had taken significant action by provisionally attaching movable and immovable assets valued at Rs. 92.07 Crore on March 25, 2025. These assets are reportedly linked to the POC derived and obtained by Saurabh Sharma, who was then serving as a Constable in the Transport Department of the Madhya Pradesh Government. The attached assets are held in his own name, as well as in the names of his relatives, associates, and various firms, companies, and societies owned or controlled by them. Additionally, the ED had earlier seized Rs. 16.18 Crore in cash related to the case.

This latest development underscores the ED's commitment to pursuing individuals involved in corruption and money laundering activities and to recovering ill-gotten gains. The filing of the Prosecution Complaint marks a significant step in the legal process, paving the way for the trial of the accused and the potential confiscation of the identified Proceeds of Crime.


PREVENTION OF MONEY LAUNDERING ACT, 2002