Archive · 27 Sep 2025
ED Attaches Assets in ₹1,600 Crore LFS Broking Fraud
The Enforcement Directorate (ED) is investigating a company called LFS Broking, which allegedly ran a fraudulent investment scheme.
They promised investors high returns, but it was a scam.
The ED has seized properties worth a lot of money, including land, apartments, and hotels.
The ED began their investigation following FIRs filed by the West Bengal Police.
Several people involved, including the main person, have been arrested and are in jail.
The investigation is still ongoing.
The ED attached properties worth over ₹155 crore linked to LFS Broking.
The properties include land, apartments, hotels, and factory plots across multiple states.
Investors were defrauded of over ₹1,600 crore.
The accused promised high returns to investors.
Six people, including Saiyad Jiyajur Rahaman, have been arrested.
- Who
- Enforcement Directorate (ED)
- What
- Attached properties linked to a fraudulent investment scheme
- When
- Not explicitly stated
- Where
- West Bengal and other states
- Why
- Investigation into illegal investment schemes and money laundering
- Agency
- Enforcement Directorate (ED)
- Attached Properties Value
- ₹155 crore
- Proceeds of Crime
- ₹1,600 crore
- Fraud Type
- Illegal Investment Schemes
- Companies Involved
- LFS Broking Pvt Ltd and related companies
- Arrests
- 6 people, including Saiyad Jiyajur Rahaman
Sources
ED arrests UP-based agent for duping numerous investors through ‘QFX’ Ponzi fraud
ED arrests UP agent for duping investors through 'QFX' Ponzi fraud
Forex trading fraud: Cyber crook from UP sent to ED custody for 9 days
ED attaches properties worth Rs 155 crore in fraudulent investment schemes case; hotels, resorts attached in West Bengal, other states
