The Enforcement Directorate has attached assets worth ₹2.40 crore in a money laundering case linked to Oil India Limited. The action was carried out by the ED’s Guwahati Zonal Office under the Prevention of Money Laundering Act, 2002.
The attached properties belong to Karun Jyoti Barua, a former Superintending Engineer (Civil) at Oil India’s Duliajan unit. The seized assets include 67 LIC insurance policies valued at ₹1.96 crore. The attachment also covers a residential RCC house with a covered garage worth ₹43.99 lakh.
The case originates from an FIR filed by the CBI’s Anti-Corruption Branch in Guwahati. The CBI accused Barua of possessing assets far beyond his known income sources. Its charge sheet stated that Barua accumulated disproportionate assets worth ₹2.39 crore between April 2009 and March 2019.
ED investigators found that Barua invested illicit funds in his own name and in family members’ names. He allegedly purchased 44 LIC policies in cash. Investigators noted that his family income did not justify such investments. Barua also failed to explain several policy purchases made through banking channels.
The agency said Barua used the proceeds of crime to construct the residential property.
