The Enforcement Directorate obtained an order from the Special Court in Mumbai to seize a flat in Thane (West) owned by a co-accused in a financial fraud case and a partner in an infrastructure company. The confiscation order was issued under Section 8(7) of the PMLA concerning Yescube Infrastructure.
This action was taken in connection with a money laundering case involving Sandeep Shukla and others from the Enforcement Directorate’s Mumbai Zonal Office. The Special Court, in its ruling dated July 18, approved the ED’s application in PMLA Special Case No. 12 of 2018, directing the confiscation of Flat No. 901, 9th Floor, Ruby Building, Regency Tower, Building No. 1, Ghodbunder Road, Thane (West) to the Central government.
The ED’s investigation began based on FIR No. 136/2010 dated April 8, 2010, which was later transferred to the Economic Offences Wing (EOW) in Mumbai and re-registered as C.R. No. 22/2010. Following this, the EOW filed a charge sheet on March 13, 2013 against several individuals, alleging their involvement in establishing Yescube Infrastructure Ltd. and engaging in fraudulent investment schemes.
Enforcement Directorate, Special Court, Mumbai, Thane, Yescube Infrastructure, Sandeep Shukla, Economic Offences Wing, EOW, Financial Fraud, Money Laundering
