7 months ago
ED Files Charges in Rs 6 Crore Fraud Case
The Enforcement Directorate (ED) has filed charges against a former bank manager and others for a fraud involving Rs 6.2 crore.
The money was taken as loans under two government schemes meant to help people start businesses.
The ED says the loans were taken using fake names and documents.
The case is connected to the suicide of a businessman, Manoj Parmar, and his wife, who were being investigated for this fraud.
The court has now issued notices to the accused.
The ED filed a prosecution complaint against Mark Pius Karari, the former Branch Manager of Punjab National Bank, and four others for a Rs 6.2 crore fraud.
The fraud involved 18 loans taken under the Pradhan Mantri Employment Generation Programme (PMEGP) and the Chief Minister Yuva Udyami Yojana (CMYUY) in 2016.
The ED alleges that the loans were secured using fabricated applicants, forged documents, and fabricated quotations.
The complaint was filed under the Prevention of Money Laundering Act (PMLA), 2002, before the Special Court (PMLA).
The case is linked to the suicide of businessman Manoj Parmar and his wife, who were allegedly harassed by enforcement agencies.
- Who
- Mark Pius Karari, former Branch Manager of Punjab National Bank, Manoj Parmar, and four others
- What
- Fraudulent loans of over Rs 6 crore under two government schemes
- Where
- Ashta, Sehore district, Madhya Pradesh
- When
- Prosecution Complaint filed on January 28, 2026; fraud allegedly occurred in 2016
- Why
- Alleged money laundering and fraudulent activities
Key facts
- Accused
- Mark Pius Karari (former Branch Manager of Punjab National Bank), Manoj Parmar (businessman), and four others
- Amount Involved
- Rs 6.2 crore
- Schemes Involved
- Pradhan Mantri Employment Generation Programme (PMEGP) and Chief Minister Yuva Udyami Yojana (CMYUY)
- Date of Prosecution Complaint
- January 28, 2026
- Act Under Which Complaint Filed
- Prevention of Money Laundering Act (PMLA), 2002
- Court
- Special Court (PMLA)
- Year of Alleged Fraud
- 2016
