Directorate of Enforcement (ED), Bhopal Zonal Office has provisionally attached
25 immovable properties to the tune of Rs. 2.98 Crore on 6/06/2025 under the
provisions of Prevention of Money Laundering Act (PMLA), 2002 in the case of Double
Money Scam.
ED initiated investigation on the basis of 3 FIRs registered at two Police
Stations of Balaghat District (M.P.). under various sections of Banning of Unregulated
Deposits Scheme (BUDS) Act, 2019 and IPC, 1860. Subsequently charge-sheets were
filed by Police against several individuals.
ED investigation revealed that the accused persons persuaded the gullible
people and took their deposits in the name of doubling their money within a very short
period of time and that in lieu of assurance, sometimes, they used to provide them
postdated cheques of maturity amount. However, they failed to return the promised
amounts leading to filing of FIRs. After filing of FIRs and chargesheets, an ECIR was
recorded by ED Bhopal for investigation under PMLA, 2002. It was revealed that the
accused persons used to take money from the investors in the form of cash or directly
into the bank accounts of their proprietorship concerns. This money (Proceeds of Crime)
was further utilised for acquisition of immovable assets, which were acquired by the
accused persons in their names and in the names of their family members or agents
who used to work for them.
Further investigation is under progress
