The Enforcement Directorate (ED) in Indore has submitted a chargesheet to the Special Court (PMLA) against Shrikant Ghante, Subhash Chandra Dubey, Rakesh Jain, Antim Joshi, and Anand Shah. The chargesheet, filed under the Prevention of Money Laundering Act (PMLA) of 2002, alleges their involvement in causing a wrongful loss of Rs 4.64 crore to Nav Bharat Grah Nirman Cooperative Society in Indore.
Following an FIR by the MG Road Police Station in Indore against Ghante and other office bearers of Nav Bharat Grih Nirman Cooperative Society Ltd, the ED began its investigation. The FIR cited various sections of the Indian Penal Code, 1860, as scheduled offences under the PMLA, related to financial irregularities and fraudulent activities within the society.
Investigations uncovered a carefully planned scam involving the Chairman, Vice-President, and members of the Board of Directors. The accused are accused of deceiving cooperative members by selling society-purchased land to different entities, siphoning off the proceeds, and destroying transaction records. These funds were then laundered through systematic transfers to acquire immovable properties, generating proceeds of crime.
The ED had previously issued a Provisional Attachment Order worth Rs 64.16 lakh under PMLA on February 12, 2026, attaching immovable assets held by Ghante and Dubey. The agency continues its investigation to trace additional assets and expose the full extent of the money laundering network, emphasizing its commitment to combat financial fraud and safeguard cooperative society members’ interests.
