Patna Oct 11 (IANS) A special court here on Thursday sentenced a man to five-year imprisonment including rigorous imprisonment for one year in a money laundering case said to be first such conviction in the state.
An Enforcement Directorate statement said that Mohammad Naushad was also ordered to pay a fine of Rs five lakh while his attached assets have been confiscated.
Bihar Police had registered a case against Naushad in November 2009 for trading in illegal arms. Fake Indian Currency Notes with a face value of Rs 1.4 lakh were seized from his residence. The ED initiated a PMLA case against him in 2013.
The ED investigation revealed that Naushad earned his ill-gotten money through crime and utilised it to acquire immovable property a house valued at Rs 22.56 lakh in Munger district in his own name during 2009-2010.
In 2016 the ED provisionally attached Naushad s property and charge-sheeted him in the Prevention of Money Laundering Act case.

--IANS rak/tsb/sed