Photo Courtesy: India Today Group
Guwahati: The Enforcement Directorate provisionally seized 3.50 crore in assets tied to a massive bribery scheme. The probe centers on the late Ranjit Kumar Borah, a former Deputy Chief Electrical Engineer at the Northeast Frontier Railway based in Maligaon. Federal agents targeted a residential flat in Patna and a 21.24 lakh term deposit held at Canara Bank by Sonal Jain.
The CBI launched this investigation with an FIR filed by its Anti-Corruption Branch-I in New Delhi. Investigators claim Borah squeezed private contractors for illegal payments to rig railway contract awards. Agents intercepted the bribe delivery on December 14, 2021, leading to arrests and a 2022 charge sheet. Borah passed away on September 6, 2024, but the money laundering probe continues.
Borah allegedly funneled dirty money through Chintan Jain and Nayan Chandra Jain, who worked with the firm M/s Sunshine. The agency states the proceeds financed a flat at Platinum Towers in Gurugram, which was sold for 3.50 crore earlier this year. Funds then moved through bank accounts belonging to M/s Sunshine, Chintan Jain, and Sonal Jain to pay off home loans and build deposits. The agency stated, "the attachment was made against the properties themselves, as proceedings under the Prevention of Money Laundering Act are directed at alleged proceeds of crime and tainted assets."
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