The Enforcement Directorate (ED) has attached properties worth Rs 55.57 crore in a case of cheating the investors dishonestly across Jharkhand and other States by real estate firm Sanjeevani Buildcon Pvt. Ltd. (SBPL).
The accused company used to receive payments from the gullible investors in the name of giving them plots of land.
“The attached assets include 98 immovable properties situated at Ranchi, Jharkhand and three commercial shops at Raipur as well as bank balances in the form of fixed deposits in the name of Sanjeevani Buildcon Pvt. Ltd. and its directors and their relatives Jayant Dayal Nandy, his wife Anita Dayal Nand, another director Shyam Kishore Gupta and Ranjana Shrivastav, wife of one of the directors Prakash Prasad Lala,” the ED said in a statement. .
The ED initiated investigation on the basis of FIR registered by CBI, Ranchi and chargesheet against Sanjeevani Buildcon Pvt. Ltd. and others.
The ED investigation has revealed that SBPL and its directors cheated a large number of people of Jharkhand by inducing them by way of publication of misleading advertisements through various media channels and public canvassing which resulted into receipt of payments from the investors through cheque/cash towards purported sale of plots of land/constructed house, it said.
The directors of the company had opened a large number of bank accounts in the name of company as well as in their name for the purpose of laundering of such funds. A large part of proceeds of crime was also withdrawn in cash by the accused persons for depositing the same in their personal accounts which was further projected as untainted, it said.
The ED had earlier attached assets worth Rs 3.10 crore in the name of SBPL and its directors which was subsequently confirmed by PMLA Adjudicating Authority.
During the course of investigation, one of its directors Shyam Kishore Gupta was arrested on March 12, 2020. Prosecution Complaint (chargesheet) was filed before the PMLA Special Court against eight accused persons/entities.
Look Out Circular has also been issued by ED against the absconding accused Jayant Dayal Nand who was the alleged master mind of this scam.
Further investigation in this case is under progress, it added.