ED raids Jharkhand minister's staff; recovers over Rs 35-cr cash, official documents
Ranchi, May 6: The Enforcement Directorate on Monday seized Rs 35.23 crore "unaccounted" cash and official documents during searches on the premises of a domestic help of a secretary of Jharkhand minister Alamgir Alam and some other locations, official sources said.
A cache of more than Rs 32 crore cash was seized from this minister-linked location apart from Rs 3 crore that was recovered by the central agency from some other premises being searched in the state as part of a money laundering investigation linked to the state rural development department, the sources said.
The ED has been probing this case since last year and has arrested a former chief engineer of the state rural development department.
Videos and photos shared by the sources showed officials of the agency emptying wads of currency notes from large bags in a 2BHK flat located at Gadikhana Chowk here.
As many as eight note-counting machines were deployed by the agency apart from bank staff to ascertain the exact amount of currency that was majorly in the Rs 500 denomination. Personnel of central paramilitary forces stood guard at the building where the flat is located.
It is claimed that Jahangir Alam, a domestic help of Congress leader and Jharkhand Rural Development Minister Alamgir Alam's personal secretary Sanjiv Lal, is residing at this location along with Lal, the sources said.
The keys to the premises where the cash was found were seized from Lal's flat, they said.
An official document written by the ED to the state chief secretary and recommendatory transfer and posting letters were also found during the searches at the premises, the source said.
Minister Alamgir Alam told PTI that he had "no official information regarding this so far".
"I have been watching TV and it says the premises are linked to the official PS (private secretary) provided to me by the government," he added.
The 70-year-old minister represents the Pakur seat in the Jharkhand assembly.
Prime Minister Narendra Modi, who has been alleging that he is being targeted by the opposition for his action against corruption, referred to the ED seizures in his poll rallies in Odisha and Andhra Pradesh on Monday.
He said "mounds of cash" were seized by the ED in Jharkhand and wondered why such persons were "close to the Congress' first family".
"They have made the worker's house a godown of corruption. This is not the first time as a bigger seizure was made from an MP (in Jharkhand) earlier also and it was such a big cache that even machines were tired of counting," he said at Vemagiri.
"Why is it that those, from whom mounds of cash are recovered, are close to the Congress' first family? Was the seized cash meant for supply somewhere, is it that Congress' first family has created warehouses of black money? The country wants to know from Congress shehzada," he said in an apparent jibe at Rahul Gandhi.
Modi, during the rally in Odisha, said he was being criticised for "stopping corruption and loot".
The Congress and other opposition parties have accused the Modi government of misusing central agencies like the ED to target their leaders.
ED sources said they seized more than Rs 31 crore from this one premise alone at the end of counting.
Two currency counting machines had to be replaced as they stopped working due to overheating, they said.
Visuals showed large trunks being taken inside the location to take the cash for depositing in a bank.
The agency also seized from the flat a May 2023 official communication written by the Ranchi unit of the ED to the Jharkhand chief secretary seeking an independent probe and registration of an FIR into the "revelations" of alleged bribes taken from contractors.
These purported disclosures were made by former chief engineer of the rural works department Veerendra Kumar Ram, who was arrested by the ED last year in this case.
Some recommendation letters written by MLAs and other high-profile people to Alam for favourable transfer and posting of state government officials have also been recovered from the said premises, the sources said.
A total of six premises are being searched as part of the operation, and from two premises the agency has recovered Rs 2.93 crore and Rs 10 lakh each, the sources said.
Some jewellery has also been seized, they said.
The searches are linked to a money laundering case against Ram.
"Veerendra Kumar Ram, posted as chief engineer in the Rural Works Department in Ranchi, had generated proceeds of crime in the name of commission from contractors in lieu of allotment of tenders to them," the agency had alleged in a statement issued last year in April after it attached the officer's assets worth Rs 39 crore.
"The proceeds of crime thus generated were used by Veerendra Kumar Ram and his family members to live a very lavish lifestyle," it said.
The money laundering case against Ram stems from a complaint of the Jharkhand Anti-Corruption Bureau (ACB).
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Aditya Birla Group-led consortium acquires RCB for USD 1.78 billion
Bengaluru (PTI): A consortium led by the Aditya Birla Group (ABG) on Tuesday acquired 100 percent equity stake in IPL franchise Royal Challengers Bengaluru for a whopping USD 1.78 billion (approximately Rs 16,706 crore) from its current owner the United Spirits Limited.
Other parties involved in the group are -- Blackstone’s perpetual private equity strategy, BXPE, a firm of which Viral Patel is the CEO, Bolt Ventures, owned by American investor David Blitzer, and media conglomerate Times of India.
“United Spirits Limited, pursuant to the meeting of its Board of Directors, today announced that it has entered into definitive agreements for the sale of the 100 percent equity stake held in its wholly owned subsidiary Royal Challengers Sports Private Limited (RCSPL) to a consortium,” the USL said in a statement.
“The consortium comprises Aditya Birla Group (ABG), The Times of India Group (Times), Bolt Ventures (Bolt), and Blackstone’s perpetual private equity strategy, BXPE (Blackstone) for a total consideration of INR 166.6 bn in an all cash transaction,” the statement added.
The transaction includes RCB's men’s and women’s (WPL) teams.
“RCSPL owns and operates Royal Challengers Bengaluru (RCB) franchises that participate in the Indian Premier League (IPL) and Women’s Premier League (WPL).
“Upon completion of this transaction, the consortium will, through its ownership of RCSPL, acquire the rights to own and operate the IPL and WPL franchise,” said the USL.
The announcement also concluded the strategic review of RCSPL that was initiated by USL on November 5, 2025.
The United Spirits Limited is a subsidiary of UK-Diageo, and they were keen to move away from RCB as the team was not central to their business plans.
Commenting on the transaction, Praveen Someshwar, MD & CEO, USL, said: “This transaction marks an important milestone for USL as we sharpen focus on our core beverage alcohol business to unlock its true potential. RCB has grown into the most prominent and commercially successful franchise in the IPL and WPL.
“We are excited for the future of RCB under the stewardship of the new owner. As Sports enters a new phase of growth in India & globally, we believe this is in the best interest of the franchise and our stakeholders.”
Kumar Mangalam Birla, Chairman, Aditya Birla Group, said, “Over the past 2 decades, the IPL has morphed to become a global sporting powerhouse that has changed the face of Indian cricket creating enormous value for India.
“RCB, as one of the most compelling franchises in modern sport, offers the Aditya Birla Group a distinctive platform to extend its legacy of institution-building into the arena of global sport.”
As per the sale agreement, Aryaman Vikram Birla, ABG’s director, will be the chairman of RCB while Satyan Gajwani of Times of India will be his deputy.
Aryaman Birla, said: “It is a privilege to come together in this partnership to shape the next phase of growth for RCB. This partnership brings together a deep understanding of sports, media and consumer businesses.
“Together, we will continue to Play Bold -- on the pitch, in the community, and for the fans who make RCB what it is.”
Gajwani, Chairman, Times Internet Limited, said: “RCB is the reigning champion and the most popular brand in the IPL. We will build RCB into a global sporting institution, while remaining rooted in Bengaluru and Karnataka and its incredible fanbase.”
Blitzer hoped to build on RCB’s recent success.
“RCB has a world-class fanbase, and the IPL is one of the great growth stories in global sport. Having invested in clubs and leagues around the world, I believe the opportunity at RCB stands out.
We look forward to working alongside our partners and the BCCI to build on the franchise’s championship success,” he said.
Patel praised the RCB as one of the strongest sporting brands in the world.
“We are excited to invest in RCB, building on Blackstone’s long-standing commitment to India. RCB stands out as one of the most popular sports franchises in the world with a powerful brand, a loyal fan base, and multiple avenues for growth,” he added.
However, formalities such as ratification from the BCCI, IPL Governing Council, its WPL counterpart and the Competition Commission of India are still pending.
Earlier, IPL franchise Rajasthan Royals was acquired by US-based Kal Somani-led consortium for USD 1.63 billion (approx Rs 15,290 crore),
The Somani-led consortium includes Rob Walton from the Walmart family and Hamp family (Ford motor company).
Somani is an Arizona-based tech entrepreneur who has founded IntraEdge (technology services and solutions), Truyo.Ai (data privacy rights and AI governance) and Academian (edtech services).
The other contenders to buy the team, which won the inaugural trophy in 2008, were the Times Internet-led consortium, the Aditya Birla Group and the Mittal family led by ArcelorMittal CEO Aditya Mittal.
