Panaji, February 26: The Enforcement Directorate (ED) has temporarily frozen assets worth ₹7.17 crore linked to a money laundering case associated with narcotics trafficking. This action pertains to offenses registered under the Narcotic Drugs and Psychotropic Substances Act of 1985.
The seized properties include a three-story residential house and two separate two-story buildings. These assets are registered under the names of Prakash Walke and Sheetal Prasad Walke and have been confiscated as they are considered “proceeds of crime” derived from scheduled offenses under the NDPS Act.
According to a press release, the Narcotics Control Bureau (NCB) in Goa filed a case against Ugochukwu Solomon Ubabuko, David, and Prakash Walke under the NDPS Act on March 7, 2021. The NCB seized a significant quantity of narcotics, including LSD, cocaine, hashish, and marijuana, from premises located in Asgaon, Goa.
Following the FIR registered by the NCB, the ED initiated an investigation under the Prevention of Money Laundering Act (PMLA). During a search of Prakash Walke’s residence, LSD was also recovered. Walke was previously arrested by the NCB in 2018 and again in 2023 by Goa Police’s Anti-Narcotic Cell in connection with separate NDPS cases involving the seizure of MDMA, ecstasy powder, and hydroponic weed. He is currently in judicial custody.
The ED’s investigation revealed that income generated from illegal drug trafficking was deposited into multiple bank accounts registered under Prakash and Sheetal Walke’s names. Ongoing investigations aim to identify all beneficiaries and accomplices while tracing assets acquired through illegal activities.
The press release emphasized the ED’s commitment to continuing action against drug trafficking and money laundering under the provisions of the PMLA and related laws. As part of the “Nasha Mukt Bharat Abhiyan” (Drug-Free India Campaign), the ED remains resolute in dismantling illegal drug trafficking networks by targeting their financial roots.
Furthermore, by preventing the laundering of illicit income and seizing assets acquired through drug money, the ED is empowering the national campaign to create a drug-free society. This operation reflects the ED’s ongoing efforts to curb illegal drug trade and identify, trace, and attach the proceeds of such criminal activities.
My name is Ganpat Singh Choughan. I am an experienced content writer with 7 years of expertise in the field. Currently, I contribute to Daily Kiran, creating engaging and informative content across a variety of categories including technology, health, travel, education, and automobiles. My goal is to deliver accurate, insightful, and captivating information through my words to help readers stay informed and empowered.
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