Two bank accounts of Jacky, with a balance amount of Rs 1.34 crore were also freezed. Four immovable properties (commercial buildings/lands) situated in Gurugram and Imphal, Manipur, were also freezed/seized, ED said.
Sanasam Jacky Singh, Managing Director of Lamjingba Group of companies based in Manipur, who was arrested in Kolkata on January 21, 2023, was brought to Imphal the next day (January 22). He was produced before an Imphal West court by the Directorate of Enforcement (ED) and was flown back to Kolkata on the same day after securing his remand to ED custody from the court of Chief Judicial Magistrate, sources disclosed.
Meanwhile, Directorate of Enforcement (ED) on Tuesday said that Jacky was arrested in a Prevention of Money Laundering Act (PMLA) case involving a large-scale Ponzi Scheme operated by him. The agency had conducted the search at eight different locations situated in Gurugram (Haryana), Kolkata and Manipur in connection with the case. In the search, Rs. 34 lakh cash and various incriminating documents such as copies of property documents, list of investors, details of funds collected from the investors, foreign investments etc have been recovered and seized, it said.
ED further said that the seized incriminating documents are related to the generation of proceeds of crime, its further diversion, transfer and end use by the accused Jacky and others. Two bank accounts of Jacky, with a balance amount of Rs. 1,34,01,989/- were also freezed, it added.
Further, four immovable properties (commercial buildings/lands) situated in Gurugram and Imphal, Manipur, were also freezed/seized, it said.
Earlier, ED had initiated a money laundering investigation against Jacky and others, on the basis of seven FIRs registered by the Imphal West Police, Manipur under various sections of IPC, alleging that they had cheated more than 15,000 investors in the Manipur State, misappropriated and siphoned off investors’ funds.
They had collected huge amounts of money to the tune of more than Rs 580 crore from the public with a promise of exorbitant returns. The Company closed its door to investors since the 1st quarter of 2020 without returning the promised funds to the investor. Further Investigation is underway in the matter, said the ED.