Archive · 14 Jan 2026
ED Attaches Properties Worth Rs 35 Crore
The ED has attached properties worth Rs 35.22 crore belonging to the Suumaya Group and its promoters.
They are accused of cheating investors by promising benefits under a fake 'Need to Feed' program.
The group allegedly created fake contracts and invoices to show fake business activities and inflated their turnover.
The ED found that the group diverted funds through dummy entities and conducted circular transactions to mislead investors.
The ED has been investigating the case and has arrested the promoter, Ushik Gala.
ED provisionally attached assets worth Rs 35.22 crore under PMLA.
The case involves M/s Suumaya Group and its promoters, accused of embezzling Rs 137 crore.
The group allegedly fabricated a bogus Haryana government contract under the 'Need to Feed' program.
Funds were diverted through dummy agro-trader entities and routed back to the promoter.
The group created fake invoices and lorry receipts, resulting in circular transactions worth Rs 5,000 crore.
- Who
- M/s Suumaya Group, Ushik Gala, and others
- What
- Provisional attachment of assets worth Rs 35.22 crore under PMLA
- When
- January 2024
- Where
- Mumbai, Delhi, and Gurugram
- Why
- Allegations of money laundering and fraud
- Defendants
- M/s Suumaya Group, Ushik Gala, and others
- Charges
- Money laundering, fraud, embezzlement
- Proceeds of Crime
- Rs 35.22 crore
- Investigating Agency
- Directorate of Enforcement (ED)
- Connected Business
- M/s Suumaya Industries Ltd
- Date of Attachment
- January 2024
- Total Funds Embezzled
- Rs 137 crore
- Circular Transactions
- Rs 5,000 crore
Sources
MP News: ED Files Prosecution Complaint Kishore Wadhwani, Others In Special Court
ED Attaches ₹35 Crore Assets Of Suumaya Group Under PMLA In ₹137 Crore Investor Fraud Case
ED attaches properties worth Rs 35 crore of Suumaya Group under PMLA
