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ED attaches 45 Hyderabad properties in MMTC fraud case

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Enforcement-Directorate

The Enforcement Directorate has attached 45 immovable properties worth Rs 363.51 crore of M/s MBS Jewellers Private Limited, M/s MBS Impex Private Limited, Sukesh Gupta, Anurag Gupta, Neetu Gupta, Vandana Gupta and their other group entities on August 26, under provisions of the PMLA, 2002.

According to ED officials, investigation into money laundering was initiated on the basis of FIR registered by the ACB, the CBI against Sukesh Gupta & his companies for defrauding M/s MMTC Limited (a Public Sector Enterprise) in purchase of gold bullion under Buyer’s Credit Scheme. Sukesh Gupta in active connivance with few officials of MMTC Hyderabad, had continuously lifted gold without forex cover & without adequate security deposits. His dues were consistently mis-reported to the MMTC Head Office and without squaring off the existing losses, his firms continued lifting gold from MMTC for their personal gain and thereby caused a loss of public money to the tune of Rs 504.34 crore (including interest up to 31.05.2021 of Rs 277.52 crore) to MMTC. The CBI has filed a charge sheet against Sukesh Gupta & others in 2014.

During ED investigation, it was found that Sukesh Gupta colluded with various officers of the MMTC Hyderabad and painted a wrong picture of his accounts and kept on lifting Gold to carry on its business as usual.

As a result, while MMTC suffered a huge loss, Sukesh Gupta earned huge profits. On the basis of his business profile, he took loans and struck real estate deals and grew his business in the name of various related companies, the ED stated in a release issued on Saturday.

The statement noted,” all through the investigation, the conduct of Sukesh Gupta has been evasive and non-cooperative and he has failed to discharge the burden of proof imposed on him under the PMLA, 2002″.

In another case under FEMA, the ED has adjudicated and levied a penalty of around Rs 222 crore on the MBS Group.

Sukesh Gupta also entered into a OTS (One time settlement) with M/s MMTC in 2019. But as per the latest reports from MMTC, Sukesh Gupta did not deposit any funds and the OTS has failed. The ED has now identified 45 immovable properties belonging to him and his related entities and their directors and has provisionally attached these properties under PMLA on Aug 26 to safeguard the proceeds of crime.

Further investigation is in progress.

Crime

Maharashtra: 49-Year-Old Driver Killed In Gas Cylinder Explosion At Welding Shop In Nashik; Case Filed Against Owner

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Maharashtra: A 49-year-old driver lost his life on Saturday evening in Panchavati, Nashik, after a gas cylinder exploded at a welding shop. The tragic incident occurred near Tapovan Corner, along the compound wall of the old bus depot, according to the Panchavati police.

The deceased has been identified as Ramnath Somvanshi, a resident of Swami Samarth Nagar on Chhatrapati Sambhajinagar Road. Police said Somvanshi had visited the gas welding shop for work related to his vehicle’s registration number plate.

At the time of the incident, the shop owner was using a gas cutter to remove a tyre nut from a car. Shortly after switching off the cutter, the welding gas cylinder exploded, causing severe injuries to Somvanshi. Despite efforts to save him, he succumbed to his injuries.

Following a preliminary investigation, the Panchavati police registered a case under Section 106 of the Bharatiya Nyaya Sanhita (BNS) for causing death by negligence against the welding shop owner on Sunday night.

Officials stated that the shop owner failed to ensure adequate safety measures, despite working with hazardous and explosive materials. Although no arrest has been made so far, the accused has been issued a notice to remain present for further inquiry.

Police are continuing their investigation to determine the exact cause of the explosion and assess whether the safety protocols at the site complied with regulations.

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Crime

CBI Registers Corruption Case against Former Deputy GM of Ordnance Factory, Nagpur

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Nagpur, August 25, 2025 — The Central Bureau of Investigation (CBI) has filed a corruption case against the then Deputy General Manager of Ordnance Factory Ambajhari (OFAJ), Nagpur, along with a Nagpur-based private company, its proprietor, and other unidentified public servants and private individuals.

According to the complaint, the former Dy. GM allegedly set up a proprietorship firm while serving in office and manipulated tender conditions to award contracts to his own firm. The firm is reported to have submitted forged and false experience certificates to secure these tenders.

Investigators also revealed that the accused official was involved in multiple financial and banking transactions with the private firm using accounts held by him and his family members.

Following the registration of the case on August 25, 2025, the CBI carried out searches at four locations, including the office and residences linked to the accused. The operation led to the recovery of incriminating documents, digital records, and other material evidence.

The probe is ongoing, and authorities are scrutinizing the recovered evidence to trace the full extent of the alleged corruption and financial irregularities.

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Crime

Mumbai: Dadar Police Arrest 35-Year-Old Man For Molesting Woman On CSMT-Ambernath Fast Local

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Mumbai: The Dadar police have arrested a 35-year-old man for allegedly molesting a woman on a local train last week.

The incident occurred on a CSMT-Ambernath fast local on August 30. According to police, the 22-year-old woman was travelling in a general compartment when the accused, identified as Rajeev Gaud, allegedly touched her inappropriately. When the victim resisted, he reportedly made obscene gestures.

Gaud, who was under the influence of alcohol, was arrested after the woman filed a complaint. The case was transferred to the Dadar police for further investigation.

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