ED Charges Former Magadh University VC With Money Laundering in Disproportionate Assets Case

The Enforcement Directorate has filed a chargesheet against former Magadh University Vice Chancellor Dr Rajendra Prasad and three others in connection with a money laundering probe linked to disproportionate assets.

Patna: The Enforcement Directorate (ED) has filed a chargesheet against former Magadh University Vice Chancellor Dr Rajendra Prasad in a money laundering case related to the acquisition of disproportionate assets. The chargesheet, submitted on April 15 to the special PMLA court in Patna, also names his son Dr Ashok Kumar, his brother Awadhesh Prasad, and the Pyari Devi Memorial Welfare Trust as co-accused.

The court took cognisance of the chargesheet the same day under the Prevention of Money Laundering Act (PMLA), 2002.

According to the ED’s findings, Dr Prasad and his family members illegally amassed properties and attempted to legitimise these assets by routing money through the trust and other entities. The probe was initiated based on an FIR filed by Patna’s Special Vigilance Unit (SVU), which had earlier accused Dr Prasad of acquiring assets valued at over Rs 2.66 crore—allegedly beyond his known sources of income—during his tenure as Vice Chancellor from September 2019 to November 2021.

Further hearings in the case will continue in the special PMLA court in Patna.