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ED Expands PMLA Crackdown With New Attachments in Coal, Mahadev Betting and Investor Fraud Cases

Fresh orders and an arrest focus on securing alleged proceeds across India and Dubai as investigators press asset recovery and prosecution.

Overview

  • Chhattisgarh coal levy probe: eight properties worth about ₹2.66 crore linked to Saumya Chaurasia and Nikhil Chandrakar were attached, with the ED alleging a ₹540 crore levy racket and reporting cumulative attachments of roughly ₹273 crore, 11 arrests and five prosecution complaints.
  • Mahadev Online Book case: a January 10 provisional attachment order covered assets of about ₹21.45 crore, including a Dubai Atria Ra property valued around ₹6.75 crore tied to absconding promoter Ravi Uppal, taking total seizures/attachments in the probe to about ₹2,621 crore with 13 arrests.
  • Nowhera Shaik case: the ED arrested Kalyan Banerjee in Secunderabad for impersonation and attempts to stall court-approved auctions; a Telangana High Court had recently dismissed a plea against the January 5 auction and levied ₹5 crore in costs.
  • Haryana land-sale and crypto fraud: the Chandigarh Zonal Office attached about ₹10.86 crore, including Ramifi Tokens worth approximately ₹4.79 crore, following FIRs alleging cheating via low-cost plots and high-return cryptocurrency pitches.
  • Suumaya Group investigation: the Mumbai Zonal Office provisionally attached assets worth about ₹35.22 crore linked to an alleged ₹137 crore investor fraud that used a fabricated contract, circular trades and fund diversion, with promoter Ushik Gala earlier arrested in November 2025.