Team Goemkarponn
PANAJI: The Enforcement Directorate (ED), Panjim Zonal Office, has provisionally attached two immovable properties in Vasco valued at ₹1.05 crore in connection with a money laundering probe linked to the Sada Urban Co-operative Credit Society Limited (SUCCSL).
The action was taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
In a statement, the ED said its investigation was based on an FIR and subsequent charge-sheet filed by Goa Police, which named Uma Nilesh Hondad alias Uma Raju Helawar, the former Branch Manager of SUCCSL’s Zuarinagar Branch, among the accused.
They are alleged to have been involved in cheating, forgery, and misappropriation of society funds amounting to ₹1.28 crore.
The agency stated that the attached properties were acquired using the proceeds of crime generated through fraudulent diversion of funds. The ED has said it will continue its investigation to trace and confiscate further assets linked to the case, while also pursuing legal action against those involved in the alleged fraud.
