The Competent Authority. Imphal East and Imphal West, Government of Manipur has requested the Addl District & Sessions Judge (PTC) Manipur East Designated Court (BUDS Act) Manipur to pass an order to make provisional attachment of Lamjingba’s properties absolute. It also sought permission to sell the property by public auction or necessary by private sale
Days after the Directorate of Enforcement (ED) submitted a chargesheet against Lamjingba Group of Companies Chairman Sanasam Jacky and others before an Imphal east court, the Manipur Government has initiated a process to sell the assets /properties owned by Lamjingba Group/ Board members/family members, etc.
As part of the process, the Competent Authority. Imphal East and Imphal West, Government of Manipur has requested to Addl District & Sessions Judge (PTC) Manipur East Designated Court (BUDS Act) Manipur to make provisional attachment of Lamjingba’s properties absolute. It also sought permission to sell the property by public auction or necessary by private sale.
The copy of the representation in this regard submitted by the Competent Authority is with the TFM. The submission dated March 24 was signed by Commissioner (Art & Culture) cum Competent Authority M Joy Singh.
The representation said the Commissioner (Art & Culture), a Competent Authority (Imphal West & Imphal East) for Banning of Unregulated Deposit Scheme Act, 2019 in exercise of the powers conferred by BUDS Act,2019 has provisionally attached the assets /properties owned by Lamjingba Group/ Board members/family members etc. vide this office order of even number dated January 11, 2023.
He requested to pass an order for making the said provisional order of attachment absolute and for permission to sell the property by public auction or necessary by private sale.
It may be noted that ED submitted a chargesheet against Lamjingba Group of Companies Chairman Sanasam Jacky and others before the Special Judge, Prevention of Money Laundering Act, Imphal East under Section 4 of the Prevention of Money Laundering Act, 2002 on March 20.
The chargesheet was submitted against Sanasam Jacky s/o (L) Kulla of Babu Bazar, Thoubal; Mutum Robindro s/o Tomba of Babu Bazar, Thoubal; Lamjingba Management Services Private Limited, Lamjingba Hotel and Resorts Private Limited, Lamjingba Motors Private Limited, Lamjingba Dairy Private Limited, Lamjingba Infra Development Private Limited, Lamjingba Jewellery Private Limited and Lamjingba Times Private Limited, all represented through its Chairman cum Managing Director Sanasam Jacky.
According to media reports, the chargesheet was filed by the ED, Imphal sub-zonal office with a prayer for taking cognizance of the offences listed in the chargesheet.
After hearing the submission of N Brojendro, Special PP, Enforcement Directorate and accompanying documents, the court observed that there is a prima-facie case against the accused persons under section 4 of the Prevention of Money Laundering Act.
The reports said the court took cognizance under section 4 of the Prevention of Money Laundering Act and issued notice to the accused persons, returnable on or before April 20 and fixed April 20 for their appearance before the Court.
Sanasam Jacky was arrested by a team of ED from Hotel Novotel, Kolkata on January 21. ED maintained 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 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.