Connect with us
Saturday,15-August-2026
Breaking News

Crime

Enforcement Directorate attaches property worth several crores in PACL India case

Published

on

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

Messi proposed visit row: Kerala BJP demands CBI probe into alleged financial irregularities

Published

on

Thiruvananthapuram, Aug 14: The Bharatiya Janata Party (BJP) on Friday demanded a Central Bureau of Investigation (CBI) probe into the alleged Messi event fraud linked to Reporter TV and its owners, even as the former Finance Minister and CPI-M leader K.N. Balagopal refused to answer questions on alleged GST dues connected with the visit of football superstar Lionel Messi to Kerala in 2025, which failed to take place.

State BJP General Secretary S. Suresh demanded that the V.D. Satheesan government hand over the investigation to the CBI, saying that the controversy had international dimensions involving Argentina, Embassies, apart from alleged financial irregularities.

He alleged that the state government’s name had been misused in the proposed Messi event and called for a comprehensive probe into the financial transactions involved.

He also demanded a criminal case into the alleged GST evasion and said those found responsible should face legal action, including arrest wherever warranted.

Suresh also alleged that serious charges had surfaced against the previous LDF government and sought a probe into allegations of political protection being extended to those involved.

He warned the Satheesan government against entering into any political understanding with former Chief Minister Pinarayi Vijayan to suppress or delay the investigation.

The BJP leader also claimed that the alleged intermediary (sponsor) in the Messi event faced around 19 cases, including cheating cases, and demanded that the entire financial and international dimensions of the controversy be examined by Central agencies.

Meanwhile, Balagopal, who served as the Kerala Finance Minister from 2021 to 2026 and now sits in the Opposition front row alongside Vijayan, faced questions on the alleged non-payment of GST linked to the principal sponsor of the Messi event.

Known for his sharp responses on public finance during his ministerial tenure, Balagopal offered little on Friday.

He said he did not have any papers on the matter and suggested that officials might know more.

The response was particularly notable given Balagopal’s repeated criticism of the Centre over Kerala’s finances and devolution of funds while he was the Finance Minister.

Continue Reading

Crime

Assam Police seize drugs valued at Rs 39.4 crore; two held

Published

on

Guwahati, Aug 14: Drugs worth an estimated Rs 39.4 crore were seized in Guwahati after police intercepted a truck near the Inter-State Bus Terminal (ISBT), leading to the arrest of two persons, Assam Chief Minister Himanta Biswa Sarma said.

Taking to his official X account on Thursday, Sarma praised the Guwahati Police for the operation and said the seizure would help protect the younger generation from the growing threat of drug abuse.

“Mirror mirror on the wall, tell me how much drugs in all? Rs 39.4 crore!” the Chief Minister said in his X post, while highlighting the quantity of narcotics recovered during the operation.

According to the Chief Minister, the police intercepted a truck near the ISBT and recovered 10 soap cases containing heroin along with 1,40,000 YABA tablets.

YABA tablets, which commonly contain methamphetamine, are a synthetic drug associated with serious health and addiction risks.

The seizure represents a significant disruption to an alleged narcotics trafficking network operating through Assam.

Two accused persons were apprehended in connection with the seizure.

Police are expected to investigate the source of the consignment, its intended destination and the wider network involved in transporting the drugs.

The operation comes amid intensified efforts by Assam Police to curb the trafficking and distribution of narcotics in the state.

Assam has emerged as an important transit route for drugs because of its geographical location and proximity to international borders and neighbouring states.

Sarma, in his X post, credited the Guwahati Police for the “excellent” operation and described the seizure as an effort aimed at “saving the future of our youth”.

The recovery of such a large quantity of YABA tablets and heroin is likely to trigger further investigation into the movement of narcotics through Guwahati, which serves as a major transportation hub connecting Assam with other parts of the Northeast.

The police action also underscores the increasing focus on intercepting drug consignments before they reach their intended markets and preventing narcotics from reaching young people.

Further details about the identities of the arrested persons and the exact value and weight of the seized substances are awaited.

Continue Reading

Crime

NIA arrests accused in VHP leader Vikas Prabhakar murder case

Published

on

New Delhi, Aug 14: The National Investigation Agency (NIA) on Friday arrested another accused in connection with the targeted killing of Vishwa Hindu Parishad (VHP) leader Vikas Prabhakar in Punjab’s Nangal town.

The accused, identified as Manveer Ram alias Ashu, was intercepted by immigration authorities at Sri Guru Ram Dass Jee International Airport in Amritsar on Thursday based on a Look Out Circular (LOC) issued by the NIA. He was subsequently taken into custody by the agency and is expected to be produced before the Special NIA Court for further legal proceedings.

The case, registered as RC-06/2024/NIA/DLI, pertains to the murder of Vikas Prabhakar, a local VHP leader who was shot dead in April 2024. The NIA assumed charge of the investigation on May 9, 2024, and has since filed a chargesheet along with two supplementary chargesheets.

According to the agency, investigations have revealed that the conspiracy to assassinate Prabhakar was orchestrated by Germany-based operatives of the banned terror outfit Babbar Khalsa International (BKI). The key conspirators have been identified as Harjit Singh alias Laddi and Kulbeer Singh alias Sidhu.

The NIA said Manveer Ram played an important role in the conspiracy by arranging firearms intended for use in the killing. Operating from the United Arab Emirates (UAE), he acted as a key intermediary between the foreign-based handlers and individuals involved in procuring weapons and coordinating activities in India.

Investigators have found that his role extended to facilitating communication between the overseas conspirators and their associates in India, thereby helping to execute the planned attack.

The agency is continuing its probe into the broader conspiracy and is examining the involvement of other individuals linked to the case.

Earlier in 2024, a 22-year-old arms supplier, Dharminder Kumar, was arrested by a joint team of the Delhi Police Special Cell and the NIA in connection with the murder. A resident of Ludhiana, Kumar was allegedly involved in arranging weapons for the accused.

During questioning, Kumar reportedly disclosed that after being released from jail in April 2024, he came into contact through social media with an individual based in a Middle Eastern country who instructed him to procure firearms.

Vikas Prabhakar, the president of the VHP’s Nangal unit, was shot dead by unidentified assailants at his confectionery shop in Punjab’s Nangal town on April 13, 2024.

Continue Reading

Trending