Jaipur: The Central Bureau of Investigation (CBI), probing the NEET-UG paper leak scandal, has reportedly uncovered a major financial trail suggesting that proceeds from the alleged examination racket were funneled into real estate investments in Rajasthan.
According to investigators, key accused Mangi Lal Bival and his associate Dinesh allegedly used money earned through the paper leak network to acquire land and develop residential colonies near Jaipur. The probe has revealed that three large housing schemes — allegedly named “Vikas Nagar-1,” “Vikas Nagar-2,” and “Vikas Nagar-3” — were developed in the name of Mangi Lal’s son, Vikas Bival, in the Jamwaramgarh area.
The revelations have expanded the scope of the investigation beyond examination fraud into suspected money laundering, benami property transactions, and illegal financial investments.
Real Estate Allegedly Used to “Convert” Illegal Earnings
According to sources associated with the investigation, Mangi Lal Bival had allegedly been operating under the cover of property dealing while simultaneously building a financial network linked to leaked competitive examination papers.
Investigators suspect that large amounts of unaccounted cash generated through the paper leak operation were invested in land purchases and colony development projects.
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The CBI is now examining:
- Property registrations linked to the accused family,
- Financial records of land transactions,
- Sources of investment used in colony development,
- And possible involvement of influential investors or political connections.
Officials believe the residential schemes became a channel for converting illegal earnings into legitimate-looking assets.
Three Residential Colonies Under Scanner
The three alleged housing projects developed in Jamwaramgarh are now under detailed scrutiny.
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Sources claim:
- Plots in these colonies were reportedly sold aggressively over the past few years.
- Several transactions are suspected to have been conducted through cash payments.
- Investigators are verifying whether the declared income of the accused matched the scale of their property investments.
Authorities are also checking whether local development permissions, land conversion approvals, and registration procedures complied with legal norms.
CBI Raids Farmhouse and Ancestral Home
On Thursday, CBI teams conducted extensive searches at the accused family’s ancestral residence in Jamwaramgarh as well as a reportedly luxurious farmhouse linked to the family.
The raids continued for several hours, during which investigators allegedly recovered:
- Documents related to property deals and examination networks,
- Mobile phones and electronic devices belonging to family members,
- Bank passbooks and transaction records,
- Financial files connected to real estate investments.
Digital forensic teams are expected to examine electronic evidence for links to money transfers, communication with middlemen, and possible coordination with other members of the alleged paper leak syndicate.
Villagers Question Sudden Rise in Wealth
The investigation has also drawn attention within the accused family’s native village, where residents reportedly expressed surprise over the family’s rapid financial rise.
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According to local accounts:
- The family allegedly lived a modest lifestyle around seven to eight years ago.
- Over the last five years, they reportedly acquired luxury vehicles, expensive properties, and a lavish farmhouse.
- Villagers also reportedly questioned how multiple members of the family simultaneously secured admission into medical colleges.
Residents claim that whenever questions were raised regarding the source of wealth, Mangi Lal allegedly attributed the family’s prosperity to profits from property dealings.
Probe May Expand to Influential Connections
The CBI is now reportedly examining whether influential individuals or “white-collar” investors may have financed or benefited from the alleged real estate operations.
Investigators are focusing on:
- Financial partnerships,
- Benami investments,
- Political or bureaucratic connections,
- And money trails linked to competitive examination fraud.
The case is increasingly being viewed as not just an education scam but also a potentially larger financial and organized criminal network.
NEET Leak Probe Continues to Widen
The NEET-UG paper leak investigation has already resulted in multiple arrests across Rajasthan, Haryana, Maharashtra, and other states.
The alleged involvement of coaching networks, intermediaries, property investments, and family-linked financial expansion has intensified public concern regarding the scale of the operation.
Officials indicate that further arrests and financial seizures may follow depending on the findings of forensic audits and property investigations.
At present, the allegations remain under investigation, and the accused have not been convicted in court.
