Goemkarponn desk
PANAJI: The Enforcement Directorate (ED) revealed that it has attached movable and immovable assets worth Rs 38.33 crore in over half a dozen locations across Maharashtra and Goa. The measures were taken in a multi-level marketing scam.
The Probe agency’s Nagpur unit attached these assets on May 1 in the alleged scam of Shreesurya Investments (Sameer Joshi) under the PMLA, 2002.
These assets are located in Nagpur, Amravati, Akola, and Madgaon districts, among other areas across Maharashtra and Goa include movable (Fixed Deposits) and immovable assets acquired by accused Sameer Joshi, his companies and his co-accused accomplices.
ED kickstarted the investigation after an FIR was filed by Nagpur Police. The FIR, registered under various sections of the IPC, revealed that Joshi allegedly trapped the public by promising huge returns through schemes promoted by his Hindu Undivided Family (HUF), Shreesurya Investments, modelled after the Wasankar scheme.
However, ED said, Sameer Joshi “after alluring the public by making false assurances, with all the ill-will and ill-intention, duped the investors and used the public funds for the accumulation of properties in his name, his family members and business entities.”
“Sameer Joshi also made false and misleading advertisements about the benefits of the scheme”, the ED added.
According to the chargesheets, a total of 1,267 investors were identified who were defrauded with a cumulative amount of approximately Rs 105.05 crore, which was ascertained as the total Proceeds of Crime (PoC) to date.
