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UP SIT Moves to Attach ₹30 Crore Tied to Suspect’s Father as Court Seeks Details on ₹38 Crore in Jaiswal Assets

Police describe an illegal diversion racket that funneled codeine cough syrup to dry regions, with profits parked in property and high-end vehicles.

Overview

  • Sonbhadra police said proceedings have begun to attach assets worth about ₹30 crore allegedly acquired by Bhola Prasad through the codeine-syrup trade.
  • Varanasi SIT identified roughly ₹38 crore in properties linked to Shubham Jaiswal and his family, and a court has ordered submission of ownership details within a week or the assets may be sealed.
  • Investigators allege Prasad secured a drug licence through misrepresentation and used fake warehouse and licence documents for Ranchi-based Shaili Traders.
  • Police say multiple front firms were set up across Jharkhand and Uttar Pradesh to depict lawful distribution while proceeds were routed into real estate, luxury vehicles and large bank deposits.
  • Jaiswal remains absconding under a ₹50,000 reward and a look-out notice as SITs probe diversion networks involving super-stockists and trafficking to Nepal and Bangladesh, with the state reporting 79 cases and 78 arrests.