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The retired service serviceman invested astir Rs 45 crore with an purpose to research the defence assemblage arsenic the accused Neeraj Kumarpal Shah had projected himself to beryllium good connected for the purpose.
In an alleged defence assemblage startup fraud, the Enforcement Directorate (ED) has said that a fake steadfast duped an unsuspecting retired service serviceman of Rs 45 crore by luring him with concern opportunities.
The ED Ahmedabad zonal portion filed a prosecution ailment (PC) earlier the Special Court (PMLA) against the accused, Neeraj Kumarpal Shah, and others nether the provisions of the Prevention of Money Laundering Act (PMLA) connected September 25.
The tribunal took cognizance connected the aforesaid day.
The ED had initiated probe connected the ground of an FIR registered by Vadaj constabulary presumption nether assorted sections of Indian Penal Code (IPC) against Shah, and others.
In a connection connected Tuesday, the ED said that its probe revealed that the accused falsely claimed to person been moving a firm, named M/s C2R Projects LLP, which they projected to beryllium carrying a worth of astir Rs 220 crore to lure the service officer.
The retired service serviceman invested astir Rs 45 crore with an purpose to research the defence assemblage arsenic the accused Neeraj Kumarpal Shah had projected himself to beryllium good connected for the purpose.
However, the accused, with malafide intention, allegedly diverted the magnitude of astatine slightest Rs 22 crore for his idiosyncratic summation and for the payment of his relatives and different accomplices.
After a elaborate investigation, properties worthy Rs 15.59 crore were attached and the requests for confiscation of these properties is pending earlier the tribunal of the Principal District and Sessions Judge, Ahmedabad (Rural) arsenic good arsenic the PMLA Special Court.
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