ED Cracks Down on Major Fraud Case Involving SRMF Properties in Three States

The Enforcement Directorate has arrested two accused individuals in a massive money laundering case linked to fraudulent property sales of the Spiritual Regeneration Movement Foundation of India. The investigation exposes a complex conspiracy involving forgery, impersonation, and breach of trust across Uttar Pradesh, Madhya Pradesh, and Chhattisgarh.

The Enforcement Directorate (ED) has apprehended two principal conspirators in a sprawling money laundering case tied to the unauthorized sale of properties owned by the Spiritual Regeneration Movement Foundation of India (SRMF), a charitable organization registered since 1963. The accused, identified as G Ram Chandra Mohan and Akash Malviya, were detained following comprehensive search proceedings executed on May 14-15. A special court at Patiala House Courts, New Delhi, has remanded both individuals to ED custody.

The ED has further imposed a freezing order on the bank accounts and movable assets of Singhvahini Infra Projects Pvt Ltd and its directors, citing their alleged involvement in the fraudulent activities. The agency initiated its probe based on an Enforcement Case Information Report (ECIR) dated May 7. This report stems from multiple FIRs registered in Uttar Pradesh, Madhya Pradesh, and Chhattisgarh, which allege an ongoing criminal conspiracy encompassing deception, forgery, impersonation, and breach of trust.

According to the ED's findings, the accused falsely claimed to be authorized representatives of the original SRMF, misusing forged powers of attorney, fabricated board resolutions, and counterfeit authorization letters to unlawfully sell prime trust properties worth hundreds of crores. Mohan emerged as the chief conspirator, posing as the Treasurer of SRMF in 2010 to create a fake entity with a similar name, obtain a fraudulent PAN, and illicitly route proceeds of crime through unlawful banking operations. His associate, Malviya, is accused of impersonating an Executive Member to facilitate fraudulent sales, while Pradeep Singh, director of Singhvahini Infra Projects Pvt Ltd, allegedly played a significant role in the criminal transactions.