Stating that the seizure was made Friday, an ED release said that the amount was held in the name of two companies in a case involving huge cash deposits in demonetized currency in certain bank accounts of the Bank of India, G B Road, Gaya.
The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) in March last year and had conducted searches at multiple locations of the firm and those belonging to Congress leader and former Maharashtra minister Baba Siddique.
Officials said Jain was summoned under the Prevention of Money Laundering Act (PMLA) and his statement will be recorded by the investigating officer of the case.
The scam had rocked Bihar in June, 2016 after Ruby Rai, a student of Vishun Roy College in Vaishali district who had topped in the arts category, failed to answer basic questions and went on to describe political science as prodigal science that taught cooking.
In February last year, the Anti-Corruption Bureau had registered a case against Shah and two of his associates for accepting a bribe of Rs 20 lakh from the parents of a final year MBBS student in February last year.
Once an RCN is issued, the Interpol seeks to arrest the person concerned in any part of the world and notifies that country to take his or her custody for further action.
The court also issued a notice to ED on his plea that it started money laundering proceedings without an FIR.
The Enforcement Directorate is probing companies promoted by Nirav Modi and Mehul Choksi which allegedly made fraudulent transactions worth Rs 11,400 crore through a Mumbai branch of Punjab National Bank.
PNB on Monday said it will honour all its “bonafide commitments” under the Letters of Undertaking (LoUs) and Foreign Letters of Credit (FLCs) in connection with the colossal banking fraud.
It is suspected that the shell firms were being used by the accused to launder money and create benami assets in the form of land, gold and precious stones, which is now being probed by the tax department.
The Enforcement Directorate said the “wrongful gain” so earned was used for the construction of multi-storeyed residential apartments at Guindy for sale to general public in the name of VGN Fairmont.
Bilquis accused the agency of harassing her and other family members by asking the same questions all over again since the agency has not found any evidence against her husband.
The case against Hasan Ali Khan dates back to 2007 when an Enforcement Case Information Report was filed against Khan, following Income Tax investigations conducted after raids at Khan’s residence.
The agency had earlier this month arrested former director of Andhra Bank Anup Prakash Garg, and Delhi-based businessman Gagan Dhawan in November last year.
The case, based on a CBI FIR that names Lalu, his son Tejashwi and wife Rabri Devi, pertains to alleged favour given by Lalu as Railway Minister to a company in cornering tenders for maintenance of two IRCTC hotels.