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Madhya Pradesh Engineer Investigated for Rs 5.5 Crore Disproportionate Assets

Economic Offences Wing uncovers benami factories, luxury properties, and financial irregularities tied to public sector employee.

The EOW sleuths also found five cars and a two-wheeler during the search

Overview

  • The Economic Offences Wing (EOW) raided properties linked to Umashankar Parashar, an assistant engineer at MP East Discom, on May 10, 2025.
  • Assets worth Rs 5.5 crore, including two factories under his wife’s name, multiple houses, six vehicles, jewellery, and nine bank accounts, were seized.
  • A formal case under the Prevention of Corruption Act, 2018, was registered on May 8, 2025, citing assets disproportionate to Parashar's declared income.
  • Authorities are now scrutinizing financial records and factory documents to trace benami transactions and strengthen the corruption case.
  • The investigation highlights ongoing challenges in tackling corruption and benami property schemes within Madhya Pradesh's power sector.