New Delhi [India], December 10 (ANI): The Enforcement Directorate (ED) on Wednesday said it has attached six immovable properties valued at Rs 2.03 crore in connection with an ongoing investigation against Uttar Pradesh’s Ghazipur-based Vikas Construction, operated by late mafia don-turned-politician Mukhtar Ansari and his associates. The attached properties are held in the name of Shadab Ahmed, a close associate of Ansari, and his wife. This is the fourth attachment order in the case, bringing total assets attached so far to Rs 8.43 crore.
The ED stated that Vikas Construction allegedly encroached upon government land in Raini village in Mau district, where an illegal godown was built, followed by another unauthorised construction in Ghazipur. “These godowns were later leased to the Food Corporation of India (FCI), generating Proceeds of Crime (POC) through rental income and NABARD subsidy, despite the structures being built on encroached government land. The total POC identified so far amounts to approximately Rs 27.72 crore,” the ED said.
The Prayagraj unit of the ED attached the six immovable properties under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. In October 2025, following a Lookout Circular issued by the ED, Shadab Ahmed was detained at Lucknow Airport upon arrival from Sharjah and subsequently remanded to judicial custody by the Special Judge (PMLA/CBI), Lucknow, in connection with a Non-Bailable Warrant issued by the court. The ED secured custody of him on October 31, 2025.
The investigation was initiated after two FIRs were registered at the Dakshin Tola Police Station in Mau and the Nandganj Police Station in Ghazipur. ED said Shadab Ahmed had been absconding since 2022. Custodial interrogation revealed his role in layering and concealing approximately Rs 10 crore of POC.
As Director and authorised financial operator of Aaghaaz Project and Engineering Pvt Ltd and Inizio Network Solution Pvt Ltd, and as the authorised signatory of their bank accounts, Shadab Ahmed facilitated the movement of illicit funds generated by Vikas Construction. “These funds were routed through the two companies under the guise of legitimate business transactions and were subsequently layered and diverted to various entities. His involvement in laundering POC through these companies has been established during the investigation,” the ED said.
For his role in laundering POC, Shadab Ahmed received Rs 1.91 crore in salary and Rs 74 lakh as an unsecured loan, which he used to acquire the attached immovable properties.
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