The Enforcement Directorate (ED) has submitted its initial charge sheet in Aizawl, Mizoram, concerning a case related to fraudulent government subsidy claims. The ED’s Aizawl Sub Zonal Office filed the charge sheet on March 30 under the Prevention of Money Laundering Act against Ravi Gulgulia and others for alleged money laundering. This action follows an investigation initiated by the ED based on a FIR lodged by Mizoram Police’s Anti Corruption Bureau.
The investigation revealed that Ravi Gulgulia, in collaboration with Margaret M. Varte, established a non-operational coke production unit named M/s Mizo Carbon Products near Aizawl to deceitfully obtain Central government subsidies. Fabricated documents were allegedly prepared to claim Central Transport Subsidy and Central Capital Investment Subsidy totaling around Rs 3.41 crore. The ED found that the fraud proceeds were diverted through various entities and bank accounts controlled by Ravi Gulgulia.
The funds were reportedly funneled through circular transactions, split into multiple parts, and eventually integrated into personal accounts of the main accused and a partnership firm named M/s Global Entrade. The ED has provisionally attached immovable properties worth Rs 38.40 lakh in connection with this case under the Prevention of Money Laundering Act. The investigation is ongoing to uncover further details.
