ED attaches 100 immovable properties in Jharkhand scam


Hundreds of investors were cheated on the pretext of allocating houses, land parcels to them

The Enforcement Directorate (ED) has attached assets worth ₹55.57 crore, including over 100 immovable properties, in connection with a case of cheating hundreds of investors across Jharkhand on the pretext of allocating to them houses and land parcels.

While 98 immovable properties are located in Ranchi, three commercial shops are in Raipur. Fixed deposits in name of Sanjeevani Buildcon Private Limited, its director Jayant Dayal Nand and his wife Anita; another director Shyam Kishore Gupta; and Ranjana Shrivastav, wife of the company’s director, Prakash Prasad Lala, have also been attached.

The ED probe is based on an FIR registered by the Central Bureau of Investigation (CBI), which has filed a chargesheet against Sanjeevani Buildcon and others.

According to the ED, the company and its directors got misleading advertisements published to lure people into investing in their schemes for purported allotment of constructed houses and land parcels. plots of land/constructed house. The directors had opened a large number of bank accounts to launder the funds, as alleged.

“A large part of proceeds of crime was also withdrawn in cash by the accused persons for depositing the same in their personal accounts, which was further projected as untainted,” said the agency, adding that it had earlier attached assets held in the name of the company and its directors, worth ₹3.1 crore.

The Competent Authority under the Prevention of Money Laundering Act has confirmed the previous attachment order.

On March 12, 2020, the ED had also arrested one of the directors, Shyam Kishore Gupta, and subsequently filed a charge sheet against either persons/entities. A look-out circular has also been issued against Mr. Nand, who is said to be the mastermind behind the scam.

You have reached your limit for free articles this month.

Subscription Benefits Include

Today’s Paper

Find mobile-friendly version of articles from the day’s newspaper in one easy-to-read list.

Unlimited Access

Enjoy reading as many articles as you wish without any limitations.

Personalised recommendations

A select list of articles that match your interests and tastes.

Faster pages

Move smoothly between articles as our pages load instantly.

Dashboard

A one-stop-shop for seeing the latest updates, and managing your preferences.

Briefing

We brief you on the latest and most important developments, three times a day.

Support Quality Journalism.

*Our Digital Subscription plans do not currently include the e-paper, crossword and print.

.



Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.