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Enforcement Directorate attaches property worth several crores in PACL India case

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The Enforcement Directorate (ED) on Friday said that it has attached properties worth several crores of rupees belonging to some companies in connection with a money laundering case against PACL India Ltd.

While the attached immovable assets are in the form of land ad-measuring 3,39,984.2 square metres worth Rs 185 crore, the movable assets amounting to Rs 7,51,78,480 are in the form of bank balances of some companies.

The attached companies are DDPL Global Infrastructure Private Ltd (DDPL), Unicorn Infraprojects and Estates Private Ltd (Unicorn) and Brightview Projects and Estates Private Ltd.

A senior ED official said that PACL collected money from the public under different schemes for allotting plots in different parts of the country or giving an option to take back their expected tentative value of land in lieu of the allotted plot under the scheme on maturity.

PACL was in the real estate business and sale of agricultural land through their agents and local office. Getting double benefit by creating easy equity for procurement of land and later taking the benefit on the appreciation of land prices, it had collected amounts running into several crores from investors all over India.

The ED has learnt in the investigation that Directors of PACL siphoned off amounts received from investors and utilised the same for personal gains by investing in various entities.

Investigation also revealed that PACL transferred Rs 101 crore (being investors’ money) in Dhanashree Developers Private Ltd, out of which Rs 26 crore were transferred to DDPL Global Infrastructure Private Ltd.

Further, PACL transferred Rs 2,285.79 crore to Prateek Kumar who invested Rs 94.61 crore in DDPL and Unicorn. It also transferred Rs 110.95 crore in Systematix Venture Capital Trust through its 25 front companies, which was invested in DDPL and Unicorn in form of OFCD and equity.

With the funds received from PACL through various channels, DDPL and Unicorn purchased land parcels at village Tiwri of Vasai in Maharashtra’s Palghar district. DDPL and Unicorn entered into various agreements with different entities for sale of FSI and construction of residential cum commercial projects, from which the two entities generated huge profits.

“Investigation by ED also revealed that the shareholding of DDPL and Unicorn was changed frequently in order to legitimise the funds received from PACL and to ensure that the assets are not taken over and given to investors. The scheme has been cleverly designed to obscure the actual beneficiary of the land and shares to avoid investigation by government agencies. The shareholders of DDPL and Unicorn viz. Hemant Patil and Dharmesh P Shah have claim over these assets without ever actually investing any substantial funds in the companies,” said the official.

Investigation with regard to tracing the remaining Proceeds of Crime is in progress.

Crime

Kanpur man detained for hoax bomb threat at Lucknow airport

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Lucknow, July 26: A hoax bomb threat call triggered a major security operation at Chaudhary Charan Singh International Airport in Lucknow on Friday night, prompting multiple security agencies to conduct an extensive search of the airport premises before confirming that the alert was false, officials said on Sunday.

Police have since traced the mobile number used to make the call to Kanpur and booked 30-year-old Shyam Sundar, a resident of the Bidhuna area in Kanpur’s Jaisinghpur, for questioning.

According to airport sources, a bomb threat was reported through a call made to Dial 112 at around 11:45 p.m. on Friday, setting off an immediate response from security and emergency agencies.

Teams from the bomb disposal squad, dog squad, Central Industrial Security Force (CISF), and the fire brigade rushed to the airport and launched a comprehensive search operation.

Following the alert, the entire airport complex, including the cargo terminal and all entry gates, was thoroughly inspected.

Security personnel also carried out detailed checks of passengers and their baggage between 12 a.m. and 1 a.m. as part of the precautionary measures.

Despite the intensive hour-long search, no suspicious object or explosive material was found anywhere on the premises.

Officials said that when security agencies attempted to contact the person who had made the bomb threat, the mobile phone was found switched off.

After completing the search and verification process, authorities concluded that the threat call was a hoax, bringing relief to airport officials and security personnel.

Taking the matter seriously, police registered a non-cognisable report (NCR) at around 11 a.m. on Sunday based on the mobile number provided by Sub-Inspector Nishu Chaudhary of Sarojini Nagar police station.

The number was subsequently tracked through surveillance, which revealed its location in the Kanpur district.

Acting on the surveillance inputs, a police team detained Shyam Sundar.

The accused is currently being questioned by the police to ascertain the motive behind making the false bomb threat call and to determine the circumstances under which the fraudulent alert was issued.

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Crime

Manipur Police arrest woman for routing drug money to Myanmar; DGP reviews security along border

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Imphal, July 25: A 56-year-old woman was arrested by the Manipur Police in Churachandpur district for allegedly routing a huge amount of money to suspected beneficiaries of the illegal drug trade in Myanmar, officials said on Saturday.

In a separate development, Director General of Police (DGP) Mukesh Singh, accompanied by the Additional Director General of Police (Law and Order), visited the India-Myanmar border in Manipur’s Tengnoupal district and reviewed security preparedness, policing and inter-agency coordination.

A senior police official said that, in continuation of the investigation into an FIR registered under the Narcotic Drugs and Psychotropic Substances (NDPS) Act, 1985, at Churachandpur police station, police arrested the woman, identified as Zenngaihniang (56), a resident of New Lamka in Churachandpur district. An amount of over Rs 28.78 lakh, suspected to be proceeds of drug-related crime, was recovered from her possession.

“The arrestee is involved in sending huge amounts of money to suspected beneficiaries of the drug trade in Myanmar. Five cash registers and a cash-counting machine were also recovered from her possession,” the official said.

The mountainous Churachandpur district shares an inter-state border with Mizoram and an unfenced international border with Myanmar.

Meanwhile, in separate operations, the security forces recovered a large cache of arms and ammunition from Imphal West district. The recovered items included 12 pistols with magazines, four rifles, two modified .303 rifles, four bolt-action single-barrel guns, four hand grenades, including one of Chinese origin, three detonators, assorted live rounds and empty cases, 15 barrel cartridges, magazines, military fatigues, bulletproof jackets, magazine pouches and wireless communication sets.

The security forces also arrested an active cadre of the banned Kanglei Yawol Kanna Lup (KYKL) militant outfit from Wangoo Sandangkhong area in Kakching district. The arrested militant was identified as Moirangthem Gandhi alias Loingamba Singh (19).

The police official said that DGP Mukesh Singh, during his visit to Tengnoupal district along the India-Myanmar border, reviewed the overall security preparedness, policing arrangements and inter-agency coordination.

At the Tengnoupal District Police Office, the DGP reviewed the prevailing security situation and policing arrangements in the strategically important border district.

According to the police official, while interacting with officers of the district police, Singh stressed the need for sustained operations against anti-national elements, effective investigation of criminal cases, intensified anti-drug measures, recovery of illegal arms and ammunition, and close coordination among all security agencies to ensure peace and security in the border district.

During his visit to Moreh town, the DGP interacted with representatives of various communities, including the Tamil, Kuki, Nepali and Meitei Pangal communities, as well as members of Civil Society Organisations (CSOs). People belonging to the Tamil, Nepali, Kuki and Meitei Pangal (Muslim) communities have been residing in the border town of Moreh for several decades.

The DGP also held interaction sessions with Commandants of Assam Rifles battalions, along with officers of the Assam Rifles and Manipur Police Commandos. During the meeting, he reviewed the prevailing security scenario, operational preparedness, border management and inter-agency coordination, while emphasising the importance of continued synergy among all security forces deployed in the sensitive border region.

Singh further visited Gate No. 1 and Gate No. 2 at Moreh to review the security arrangements and deployment at the international border crossing.

Moreh is an important border town and an international trading hub located on the India-Myanmar border in Tengnoupal district, around 110 km from the Manipur capital, Imphal. On his return journey, the Manipur Police chief visited Kwatha village, where he interacted with Meitei villagers as well as officers and personnel of the district police, Central Armed Police Forces (CAPFs) and the Assam Rifles deployed in the area.

“The visit reaffirmed the commitment of the Manipur Police and all security agencies towards strengthening border security, enhancing inter-agency coordination and ensuring lasting peace and public safety,” the police official said.

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Pune EOW extradites mastermind from UAE in Rs 88 crore investment scam

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Pune, July 25: The Economic Offences Wing (EOW) of Pune Police has extradited and arrested Avinash Arjun Rathod, the mastermind behind a Rs 88 crore investment fraud case, from the United Arab Emirates (UAE) after completing the required international legal procedures.

Rathod is accused of duping investors of nearly Rs 88 crore by luring them with promises of unusually high returns.

According to officials, Rathod had been absconding for a prolonged period, prompting investigating agencies to initiate legal proceedings at the international level.

A Red Corner Notice had been issued against him, following which he was traced and detained by authorities in the UAE.

After being brought back to India, Rathod was formally arrested by the Pune Police’s Economic Offences Wing at Mumbai International Airport before being taken to Pune.

He was subsequently produced before a court, which remanded him to 10 days of police custody for detailed interrogation.

Police said the case was originally registered at Chatushringi Police Station in Pune in 2023 under Crime No. 281/2023. The FIR invoked Sections 420 (cheating), 406 (criminal breach of trust), 409 (criminal breach of trust by public servant, banker, merchant or agent) and 34 of the Indian Penal Code, along with Sections 3 and 4 of the Maharashtra Protection of Interest of Depositors (MPID) Act.

The complaint was lodged on April 20, 2023, following which the investigation was transferred to the Economic Offences Wing of Pune City Police.

During the course of the investigation, police found that Avinash Arjun Rathod, director of Baner-based APS Wealth Ventures LLP, along with his wife, Vishakha Avinash Rathod, allegedly induced investors to deposit money by assuring them of attractive and high returns within a short period.

Although formal investment agreements were executed with investors, the promised returns were allegedly never paid and the invested amounts were not refunded.

According to investigators, the complainant alone had invested Rs 86,37,500 in the company, which was allegedly never returned. As the probe progressed, investigators found that the alleged fraud extended far beyond a single investor, with a large number of people being persuaded to invest in similar schemes. The total alleged fraud is estimated to be around Rs 88 crore.

Soon after the case was registered, Avinash Rathod and his wife allegedly absconded. Suspecting that the duo might flee abroad, the police initiated preventive measures and issued a Look Out Circular (LOC) against both accused on April 24, 2024, to prevent them from leaving the country or facilitate their arrest upon arrival in India.

Subsequently, the Special MPID Court at Shivajinagar in Pune issued Standing Arrest Warrants against both accused under Section 70 of the Code of Criminal Procedure (CrPC).

Proceedings under Section 82 of the CrPC to declare them Proclaimed Offenders were also initiated. Investigators later filed a chargesheet before the court, and the passports of both accused were suspended as part of the legal process.

Despite extensive searches conducted across the country, investigators were unable to trace the accused, prompting them to seek assistance from international agencies.

On June 4, 2026, a Red Corner Notice was issued against both Avinash Rathod and Vishakha Rathod. Acting on the notice, authorities in the UAE detained Avinash Rathod.

Officials said Rathod was extradited to India on July 23, 2026. Upon his arrival at Mumbai International Airport, he was formally arrested by the Pune Police’s Economic Offences Wing before being taken to Pune and produced before the court, which granted his custodial remand for 10 days.

The Economic Offences Wing has now intensified its investigation into the financial trail of the alleged fraud. Investigators are trying to ascertain how the approximately Rs 88 crore collected from investors was utilised, whether the money was diverted into properties or other assets, whether any funds were transferred abroad, and the extent of the involvement of other associates in the alleged network.

Officials believe that Rathod’s custodial interrogation could lead to significant disclosures regarding the alleged investment fraud, including details about the movement of funds and the wider network involved in the operation.

Pune Police also said efforts are underway on a priority basis to secure the return of the remaining accused, who are believed to be hiding abroad.

Investigators are maintaining close coordination with international agencies to complete the legal process for their extradition.

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