The Enforcement Directorate (ED) has provisionally attached an immovable property worth Rs 10.90 crore in Kerala related to a cheating and forgery case involving hotel project investments. The property, located in the Maradu area of Ernakulam district, belongs to M/s Lokanta Hotels and Resorts Pvt Ltd, represented by Director C.K. Vijayan.
This action was taken by the ED’s Kochi Zonal Office under the Prevention of Money Laundering Act, 2002. The ED’s investigation stemmed from an FIR registered at the Maradu Police Station against Vijayan and others for alleged cheating and forgery in connection with investments exceeding Rs 10.90 crore in a hotel project.
The FIR accuses Vijayan of inducing investments through false representations, forgery of documents, and criminal breach of trust. The ED found that Vijayan, along with others, allegedly generated proceeds of crime amounting to approximately Rs 10.90 crore, which were diverted through company bank accounts for the construction of the hotel property.
As part of its investigation, the ED has provisionally attached the property and filed a prosecution complaint before the Special Court (PMLA) in Ernakulam. The agency stated that further investigation into the case is ongoing.
