Sonbhadra, 26 December:m In the case of Uttar Pradesh’s famous codeine-containing cough syrup smuggling case, the Chief Judicial Magistrate (CJM) court on Friday issued a notice for confiscation of property worth ₹ 30 crore earned by accused Bhola Prasad Jaiswal by smuggling banned cough syrup.
The Superintendent of Police (SP) Abhishek Verma said on Friday that during the investigation of codeine-containing cough syrup smuggling, it came to light that fake documents were used in obtaining warehouse license and drug license of accused Bhola Prasad’s firm M/o Shaili Traders located in Ranchi, Jharkhand.
He stated that the accused, based on the fake license, established fake firms in several districts of Jharkhand and Uttar Pradesh and claimed to be supplying codeine-containing cough syrup. The investigation revealed that the accused had amassed a substantial amount of illegal wealth through organized crime, using which he purchased expensive homes and vehicles and deposited large sums in various banks through fixed deposits.
He stated that the investigation so far has revealed that the accused has amassed assets worth an estimated ₹30 crore from the illegal cough syrup trade.
The SP stated that in light of the new laws, the SIT Sonbhadra submitted a report to the court and issued a notice for the confiscation of Bhola Prasad’s properties under Section 107 of the BNSS.
He stated that the notice has been served on the accused.
He added that proceedings have been initiated to confiscate the accused’s identified properties. The SP stated that as information on other properties belonging to the accused becomes available, they will also be confiscated.