The Enforcement Directorate (ED) has arrested G. Ram Chandra Mohan and Akash Malviya for fraudulently selling immovable properties of a charitable society in Uttar Pradesh and Madhya Pradesh. The ED’s actions came after extensive search proceedings conducted on May 14-15 regarding the sale of properties belonging to the Spiritual Regeneration Movement Foundation of India. Both individuals have been remanded to ED custody by the Special PMLA Court at Patiala House Courts in New Delhi.
The ED has also issued a freezing order against the bank accounts and movable assets of Singhvahini Infra Projects and its Directors for their alleged involvement in a significant money laundering case related to the fraudulent sale and alienation of properties of the SRMF, a charitable society registered in 1963. The freezing orders were issued under Section 17(1A) of the Prevention of Money Laundering Act (PMLA), 2002, against various assets belonging to Pradeep Singh and his firm Singhvahini Infra Projects.
Following an Enforcement Case Information Report (ECIR) recorded on May 7, based on multiple FIRs across Uttar Pradesh, Madhya Pradesh, and Chhattisgarh, the ED initiated an investigation into a criminal conspiracy involving cheating, forgery, impersonation, and breach of trust. The investigation uncovered that the accused individuals used forged documents to unlawfully sell trust properties worth hundreds of crores of rupees.
G. Ram Chandra Mohan, identified as the principal conspirator, allegedly created a fictitious entity after projecting himself as the Treasurer of SRMF in 2010. He used fraudulent means to route the proceeds of crime through a bank account. Malviya, an accomplice, posed as an Executive Member of SRMF and facilitated the execution of fraudulent sale deeds. Pradeep Singh, director of Singhvahini Infra Projects, was found complicit in the generation and layering of proceeds of crime by knowingly participating in fraudulent transactions.
Despite knowing that the properties being sold belonged to SRMF and that the accused lacked lawful authority to alienate them, Pradeep Singh engaged in fraudulent transactions and subsequently sold portions of the same property to third parties.
