Panaji, October 3 (IANS). The Maintenance Directorate (ED) took large steps in the Ponzi scheme case. The Central Investigation Agency seized 2 apartments and FDS worth Rs 61.53 Lakh in Goa. The ED has attached two apartments and FD and equity shares worth two apartments and FD and equity shares worth Rs 61.53 Lakh in action related to a fraud investment scheme launched by thugs to cheat more than Rs 9.33 crore from thousands of GOA and Gujarat. The official said in a statement that the assets of Gohil Jayakumar and other stakeholders were seized in a case registered against Ranggita Enterprises in terms of the provisions of the Money Laundry Act (PMLA), 2002. Divisions of IPC, 1860. Jayakumar and his colleagues performed the fraudulent investment schemes, which the public was cheated by more than Rs 9.33 crore. The statement said that the ED investigation revealed that Jayakumar, through the unregistered unit, worked through Messrs Ranggita Enterprises, which has different offices in Goa and Gujarat, and that he has attracted investments from the public by promising high and unrealistic returns of up to 20 percent per month. The money of more than 2500 investors was deposited directly into Jayakumar and private bank accounts of its agents. The scheme worked as a Ponzi scheme and collapsed in April 2022 when the number of withdrawals exceeded the new investment. The ED said that it was determined that the amount received from the crime (POC) was not used in any legal enterprise and that it was abused for private benefit, including the purchase of real estate, private investment, a lifelive lifestyle and other private expenses. In July 2022, GOA police claimed to have seized Jayakumar’s laptop and recovered the RS 86 Lakh’s property details. These properties included assets worth Rs 75 lakh and gold jewelry worth more than Rs 11 Lakh. Police claimed that the accused used to buy old notes that were out of the tendency at one time, and if there was more demand for notes, they sold it at expensive prices. -Ians DKP/ Share these Story Tags
Goa: ED’s most important action in the Ponzi scheme case, 2 apartments and FD worth Rs 61.53 Lakhs seized
