Surat, September 23, 2026 (Yes Punjab News)
The Enforcement Directorate (ED) has provisionally attached 15 immovable properties worth around Rs 1.15 crore in Gujarat and Maharashtra in a money laundering case involving former Gujarat Land Development Corporation Ltd (GLDC) Field Assistant Valiya Shibabhai Zunzabhai alias Bhupatbhai.
The ED said on Wednesday that the properties, with an aggregate value of Rs 1,14,98,600, are located in Mahuva and Talaja in Bhavnagar district, Odhav and Sabarmati in Ahmedabad, and Hadapsar in Pune.
The Surat Sub-Zonal Office of the agency attached the properties on September 21 under Section 5(1) of the Prevention of Money Laundering Act (PMLA), 2002.
The investigation was initiated based on an FIR registered by the Anti-Corruption Bureau (ACB) Police Station in Bhavnagar and a subsequent chargesheet filed before the Special ACB Court, Bhavnagar, against Zunzabhai.
The case concerns the alleged acquisition of assets disproportionate to Zunzabhai’s known sources of income during his tenure as a public servant. The underlying case was registered under Sections 13(1)(b) read with 13(2) of the Prevention of Corruption Act, 1988.
According to the ED, its investigation found that Zunzabhai had allegedly acquired assets disproportionate to his known sources of income amounting to Rs 1,15,18,350.
During the probe, the agency identified 15 immovable properties allegedly linked to the proceeds involved in the case and provisionally attached them. The combined value of the properties is approximately Rs 1.15 crore, broadly corresponding to the disproportionate assets identified during the investigation.
The ED clarified that the provisional attachment is part of proceedings under the PMLA and does not by itself amount to final confiscation of the properties. The attachment remains subject to further proceedings before the competent authority.
“Further investigation is under progress,” the agency said.
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