On Saturday, the Enforcement Directorate seized properties worth Rs. 55.57 crores in a case of swindling the investors by dishonest means across the Jharkhand and other states by a real estate company, SanjeevaniBuildconPvt. Ltd. The seized assets include 98 immovable properties situated at Ranchi in Jharkhand and three commercial shops at Raipur in Chhatisgarh.
As per the ED sources, other than immovable properties, bank balances in form of fixed deposits in name of SanjeevaniBuildconPvt. Ltd. and its directors and their relatives namely Jayant Dayal Nand, his wife Anita Dayal Nand, another Director Shyam Kishore Gupta, and Ranjana Srivastav, wife of one of the Directors namely Prakash Prasad Lala.
The investigation was initiated by the ED on the basis of an FIR registered by CBI Ranchi and the charge sheet has been filed against SanjeevaniBuildconPvt. Ltd. and others.
The ED investigation has disclosed that the directors of the company cheated a large number of people of Jharkhand by galvanizing them in the nature of the publication of misleading advertisements through various media channels and public canvassing. This resulted in the receipt of payments from the investors through cheque and cash towards a purported sale of plots of land and constructed house.
The directors of the company had opened a large number of bank accounts in the name of the company as well as in their names for the purpose of money laundering. A large part of acquirement was withdrawn in the form of cash for depositing the same in their personal accounts. ED had earlier confiscated assets worth Rs. 3.10 Crore in the name of the company and its directors.
Last year, during the investigation, one of its directors namely Shyam Kishore Gupta was arrested in March. A charge sheet has been submitted by the ED against eight accused people and entities. ED also issued a lookout circular against the escaped accused Nandy, the mastermind of this scam.
