Ranchi — The Directorate of Enforcement (ED) has filed a chargesheet under the Prevention of Money Laundering Act, 2002 against six people in connection with the alleged siphoning of funds from the Khadi and Village Industries Commission (KVIC) state office in Ranchi.
The prosecution complaint was submitted on March 24 before the special PMLA court in Ranchi. Those named in the chargesheet include Sunil Kumar, then Executive at KVIC Ranchi; Binod Kumar Baitha, then Senior Executive (Administration and HR); along with Aman Kumar, Shahil, Priya and Banku Nishad.
The probe began after a case registered by the Central Bureau of Investigation (CBI)’s Anti-Corruption Branch in Ranchi. The allegations involve criminal conspiracy, cheating, forgery and misconduct under the IPC and the Prevention of Corruption Act.
According to the ED, Sunil Kumar allegedly conspired with relatives and associates to create fake entities, including a shell company with a forged Corporate Identification Number. Funds worth around Rs 3.89 crore, sanctioned under the Khadi Reform and Development Programme, were allegedly diverted into personal accounts without any actual work being carried out.
Investigators said the co-accused provided bank credentials and signed blank cheques, which helped route the money through multiple proxy accounts. The funds were later used to acquire immovable properties in the name of Sunil Kumar’s wife in Ranchi, with the value allegedly understated in official documents.
During the investigation, the ED conducted searches at Sunil Kumar’s residence in March 2025 and provisionally attached movable and immovable assets worth Rs 71.91 lakh, which were later confirmed by the adjudicating authority.
The agency also said that Rs 31.11 lakh transferred to Ashram Kalyan Nidhi Nyas Trust in Ranchi from the alleged proceeds of crime was voluntarily returned and deposited with the ED.
With inputs from IANS