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States » EastPosted at: Apr 18 2025 5:03PM


ED attaches property with Rs 30 cr in money laundering case

Kolkata, Apr 18 (UNI) The Enforcement Directorate ( Kolkata Bureau) has attached immovable properties worth Rs 30 crore in the form of 60 hotel rooms and vacant land located at Seven Hills Pamban Island Resort, Rameswaram from M/s TM Traders & M/s KK Traders (TP Global FX) under the provisions of the Prevention of Money Laundering Act (PMLA).
The attachment happened after the federal agency began a probe based on the FIR registered by
Kolkata Police under various sections of IPC, 1860 against M/s T M Traders and M/s K K Traders, the ED said in a statement.
As per Reserve Bank of India (RBI), the website TP Global FX is neither registered with RBI nor does it have any authorization from RBI for forex trading. The RBI has alsoissued an alert list including the name of TP Global FX in September, 7, 2022, for alleged unauthorized trading platforms.
The ED's investigation revealed that a " sophisticated deception was orchestrated by individuals viz.
Prasenjit Das, Tushar Patel and Shailesh Kumar Pandey by utilizing numerous dummy companies to
entice investors into a fraudulent scheme promising high returns on forex trading investments through TP Global FX.
" Additionally, the directors and promoters of IX Global, namely Viraj Suhas Patil and Joseph Martinez,
actively promoted TP Global FX as their preferred brokers," the ED said in a statement.
The probe also revealed that the funds generated from the investors were diverted to procure personal assets in the name of Tushar Patel and his associates.
" This was accomplished through complex methods, including funneling money through dummy accounts and engaging the services of Full Fledged Money Changers (FFMC)." the statement said.
The also had arrested Shailesh Kumar Pandey, Prasenjit Das and Viraj Suhas Patil, and
seized/frozen/attached assets worth Rs 270 crore (approx.), including cash, real estate, hospitality
establishments, office spaces, land, vehicles, crypto currencies, and bank balances. Two prosecution
complaints have already been filed against the arrested accused persons before a special court (PMLA), Calcutta, has taken cognizance of the offence of money laundering.
UNI PC SJC
Tags: #ED attaches property with Rs 30 cr in money laundering case
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