Archive · 25 Jul 2026
ED Confiscates ₹1.25-Crore Thane Flat in Yescube Infrastructure Fraud Case
The Enforcement Directorate (ED) has successfully obtained a court order to confiscate a ₹1.25-crore flat in Thane, which is linked to a money laundering case involving Yescube Infrastructure Ltd.
The company, run by Sandeep Shukla and Manoj Shukla, allegedly collected ₹27.92 crore from investors through fraudulent schemes promising high returns.
The ED found that the company retained ₹9.30 crore as wrongful gains, which were used to buy the flat and a car.
The accused individuals have been evading arrest, and the court has declared them proclaimed offenders.
The ED argues that the flat was purchased with illegal money, while the accused, if present, would likely dispute this claim.
The ED secured a court order to confiscate a ₹1.25-crore flat in Thane linked to Yescube Infrastructure Ltd.
The company allegedly collected ₹27.92 crore from investors through fraudulent schemes.
The ED found that ₹9.30 crore was retained as wrongful gains and used to buy the flat and a car.
The accused, Sandeep Shukla and Manoj Shukla, have been evading arrest and were declared proclaimed offenders.
The court order was issued under Section 8(7) of the Prevention of Money Laundering Act (PMLA).
- Who
- Enforcement Directorate (ED), Sandeep Lalbahadur Shukla, Manoj Lalbahadur Shukla, Sebastin Michael Pereira, Nilesh Dattatrey Mhatre
- What
- Confiscation of a ₹1.25-crore flat linked to alleged investment fraud by Yescube Infrastructure Ltd.
- When
- The confiscation order was issued on July 18, based on a 2010 FIR.
- Where
- Thane (West), Mumbai, Maharashtra, India
- Why
- The ED alleges the flat was purchased using proceeds of crime from an investment fraud scheme.
ED's Perspective
Accused's Perspective
Asset Confiscation
ED's Perspective
The ED argues that the flat was purchased using proceeds of crime and should be confiscated.
Accused's Perspective
The accused, if present, would likely argue that the flat was legally purchased and the funds were not from illegal activities.
- Property Value
- ₹1.25 crore
- Location
- Flat No. 901, Regency Tower, Ghodbunder Road, Thane (West)
- Total Funds Collected
- ₹27.92 crore
- Funds Retained
- ₹9.30 crore
- Initial FIR Year
- 2010
- Accused Names
- Sandeep Lalbahadur Shukla, Manoj Lalbahadur Shukla, Sebastin Michael Pereira, Nilesh Dattatrey Mhatre
- Legal Basis
- Prevention of Money Laundering Act (PMLA)
