Jharkhand Contractor Convicted in Money Laundering Case

A special PMLA court in Ranchi convicted contractor Vijay Kumar Tiwari on money laundering charges for cheating the state during a road construction contract. Tiwari, director of Kalawati Construction Pvt Ltd, received a three-year sentence, a fine of Rs 1 lakh, and forfeiture of over Rs 20 lakh in illicit funds.

In a significant ruling, a special PMLA court in Ranchi has found Vijay Kumar Tiwari, a Jharkhand-based contractor, guilty of money laundering in a road construction scam.

Tiwari, who serves as the director of Kalawati Construction Pvt Ltd, has been sentenced to rigorous imprisonment for three years. The court also imposed a fine of Rs 1 lakh and ordered the confiscation of more than Rs 20 lakh, previously deemed 'proceeds of crime' by the central investigative body, the Enforcement Directorate (ED).

This case originates from a CBI FIR and a subsequent charge sheet. The ED filed its own charge sheet against Tiwari in March 2018 following an investigation that uncovered that fraudulent bitumen invoices were submitted, causing a significant financial loss to the state exchequer.

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