Patna, August 22, 2026 (Yes Punjab News)
The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth approximately Rs 3.50 crore in connection with a money-laundering investigation arising from an alleged railway bribery case involving late Ranjit Kumar Borah, a former Deputy Chief Electrical Engineer (Construction) of Northeast Frontier Railway (NFR), Maligaon, Guwahati.
The ED’s Guwahati Regional Office said the attached assets include a residential flat in Patna, Bihar, valued at around Rs 3.28 crore and held in the name of Sonal Jain, as well as a term deposit of approximately Rs 21.24 lakh in her name with Canara Bank.
The investigation originated from an FIR registered by the CBI’s Anti-Corruption Branch-I, New Delhi, against Borah and others under Section 120-B of the IPC and Sections 7 and 8 of the Prevention of Corruption Act, 1988, as amended in 2018.
The case concerns allegations that illegal gratification was demanded and accepted from private railway contractors in return for extending undue favours in the award and execution of contracts under the Northeast Frontier Railway.
According to the ED, the CBI intercepted the alleged delivery of bribe money on December 14, 2021, following which the accused were arrested. The CBI subsequently filed a charge sheet in 2022.
The ED investigation allegedly found that Borah demanded and accepted bribes from Chintan Jain and Nayan Chandra Jain, proprietors of railway contracting firm M/s Sunshine, and entrusted the alleged proceeds to them.
The agency further alleged that the proceeds of crime were used to purchase a flat at Platinum Towers in Gurugram, Haryana, in the name of M/s Sunshine. The property was later sold in 2024 for approximately Rs 3.5 crore.
According to the ED, the sale proceeds were subsequently layered through bank accounts belonging to M/s Sunshine, Chintan Jain and his wife, Sonal Jain. The funds were allegedly used to repay home loans taken for the Patna flat and to create fixed deposits with Canara Bank.
The agency said the properties and deposits now attached represent the alleged reinvestment and integration of proceeds of crime generated through the railway bribery case.
Borah died on September 6, 2024, while the investigation was still underway. The ED clarified that attachment proceedings under the Prevention of Money Laundering Act (PMLA) are in rem proceedings, meaning they are directed against allegedly tainted property rather than solely against an individual. The assets can therefore be attached in the hands of their current holder even if the person allegedly linked to the proceeds has died.
The ED said further investigation into the case is continuing.
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