📷 Image: Wikimedia Commons / শরদিন্দু ভট্টাচার্য্য
Business
ED Seizes Rs 26-Crore Project of Chaitanya Baghel
✍️ Rediff
🗓 14 Nov 2026, 07:38 PM
👁 21
The Enforcement Directorate has taken possession of a project worth Rs 26 crore owned by Chaitanya Baghel, following investigations into alleged financial irregularities.
The Enforcement Directorate (ED) has formally taken possession of a project valued at Rs 26 crore that was owned by businessman Chaitanya Baghel. The move comes after the ED opened a case into alleged financial irregularities linked to the project.
The seizure was executed under the provisions of the Prevention of Corruption Act, with the ED citing evidence that the project was involved in illicit financial activities. The project, which was under construction in a commercial zone, was seized on the grounds that it was a potential asset used to conceal proceeds of wrongdoing.
Baghel has not yet responded to the ED’s action, and no statement has been released by his representatives. The ED has indicated that the seized assets will be held pending further investigation and possible legal proceedings.
The seizure is part of a broader effort by the ED to curb corruption and recover assets linked to unlawful financial practices. The agency has previously seized several high‑value properties in similar cases.
Legal experts note that the possession of the project by the ED allows authorities to freeze any related transactions and to assess the extent of the alleged violations before proceeding with prosecution.
The seizure was executed under the provisions of the Prevention of Corruption Act, with the ED citing evidence that the project was involved in illicit financial activities. The project, which was under construction in a commercial zone, was seized on the grounds that it was a potential asset used to conceal proceeds of wrongdoing.
Baghel has not yet responded to the ED’s action, and no statement has been released by his representatives. The ED has indicated that the seized assets will be held pending further investigation and possible legal proceedings.
The seizure is part of a broader effort by the ED to curb corruption and recover assets linked to unlawful financial practices. The agency has previously seized several high‑value properties in similar cases.
Legal experts note that the possession of the project by the ED allows authorities to freeze any related transactions and to assess the extent of the alleged violations before proceeding with prosecution.