Directorate of Enforcement (ED), Ahmedabad Zonal Office, has provisionally
attached assets in the form of three immovable properties including one Bungalow and two
open plots worth Rs. 6.80 Crore located in Ahmedabad under the Provisions of Prevention
of Money Laundering Act (PMLA), 2002 in connection with an ongoing investigation
against Tehmul Sethna, practicing Chartered Accountant in the matter of Criminal
Conspiracy, Cheating and Forgery.
ED initiated investigation on the basis of FIR registered by Navarangpura Police
Station, Ahmedabad which revealed that Tehmul Sethna was a practicing Chartered
Accountant who was handling all the affairs of the trust “Environment Research &
Development Centre” dedicated to implementing various humanitarian and welfare projects
and while managing the trust, executed unauthorized withdrawals worth Rs.6.85 Crorefrom
the bank account of trust by issuing forged signature of the trustees without their
knowledge.
ED investigation revealed that the unauthorized withdrawals executed from the bank
account of the trust was further routed by the accused through multiple individuals/entities
directly/indirectly controlled by him thereby creating maze of transaction to conceal the true
source of money and to showcase the tainted money as untainted.
