ED Issues Second Asset Attachment Worth Rs 33.66 Crore in Manipur Deposit-Fraud Probe

Overview

• With the latest order, total properties attached in the case now stand at about Rs 61.68 crore.
• The action covers 121 additional immovable assets registered in the names of Birla Emporium, Ira Finance, director Yumnam Irabanta Singh, and associates.
• The probe began after FIRs by the Manipur CID against Singh under IPC provisions tied to alleged cheating and misappropriation.
• ED alleges the scheme ran from 2019 to 2021 promising high returns, and the companies closed to depositors in early 2020 without repaying funds.
• Investigators also allege loans against property were followed by sale-deed transfers of borrowers’ assets to company insiders, and a PMLA prosecution complaint was filed on June 6, 2025 as inquiries continue.