Bihar: 1 convicted for possession of illegal arms, fake Indian currency

Patna (Bihar) [India], Oct 12 (ANI): In an Enforcement Directorate case in Patna, a Prevention of Money Laundering Act (PMLA) Special court has convicted a person for possession of illegal arms and fake Indian currency notes.
The person identified as Mohammad Naushad has been sentenced to five years of rigorous imprisonment besides being imposed a fine of Rs five lakh.
An FIR was registered in the matter on November 25, 2009, at Mofussil Police station of Munger district for the commission of offences punishable under section 25(I-B)(a)/26 of the Arms Act, 1959.
Another FIR was also filed against Naushad under Unlawful Activities (Prevention) Act 1967, consequent to the recovery of Rs.1,40,000/- FICN (Fake Indian Currency Notes) from his residence.
The Enforcement Directorate initiated a PMLA case against Naushad in 2013. The investigation conducted under the Prevention of Money Laundering Act, 2002 revealed that Naushad earned ill-gotten money by way of commission of crimes.
The money was utilised by the accused to acquire immovable property, in the form of the house, worth Rs 22, 56,357/- at Munger, in his own name, during the period 2009 to 2010.
The investigation further revealed that the accused acquired Proceeds of Crime in form of house and subsequently in March 2016, his properties were provisionally attached. (ANI)