Property Price Rs 4.76 Crore Of Mumbai Company Connected In Ponzi Scheme Case
ED stated that investigation beneath PMLA was once initiated on foundation of 2 FIRs registered (Representational)
New Delhi:
The Directorate of Enforcement (ED) has provisionally hooked up immovable and movable homes totaling Rs 4.76 crores of a Mumbai based totally company beneath the Prevention of Cash Laundering Act, 2002 (PMLA) in a case on the subject of Ponzi Scheme.
The ED in a observation stated that it has hooked up property come with flat, place of job premise, mounted deposits and financial institution balances of the Mumbai based totally corporate named Shree Om Sainath Building Pvt Restricted and different folks associated with its director Roopesh Verma.
The company stated that the investigation beneath PMLA was once initiated at the foundation of 2 FIRs registered by way of Police Station, Barakhamba Highway, New Delhi beneath related sections of the Indian Penal Code.
The FIRs have been registered at the grievance by way of quite a lot of buyers around the nation alleging that Shree Om Sainath Automobile On Hire Pvt. Restricted has “duped them by way of alluring them beneath a Ponzi Scheme disguised as ”Automobile Condo and Hotel Scheme”.”
“Shree Om Sainath Automobile On Hire Pvt. Restricted attracted investments from public by way of promising them an exorbitant go back on their funding in its Automobile Condo and Hotel Scheme. Buyers got here to grasp that they’ve been cheated when their post-dated cheques were given dishonoured because of inadequate steadiness,” the ED stated.
The investigation by way of ED beneath PMLA published that Shree Om Sainath Automobile on Hire Pvt. Ltd. and its director Roopesh Verma by the use of criminality associated with scheduled offenses has bought an enormous amount of cash from public/buyers, which was once illegally diverted for buying homes within the identify of Shree Om Sainath Building Pvt. Ltd and different folks.
The recognized Proceeds of Crime value Rs 4.76 crores diverted in such method had been provisionally hooked up beneath PMLA, the ED stated.
Additional investigation is in development.
