Directorate of Enforcement (ED) on Tuesday stated that Lamjingba Group managing director Sanasam Jacky was arrested in a Prevention of Money Laundering Act (PMLA) case involving a large-scale Ponzi Scheme operated by him.
Managing Director of Lamjingba Group of companies based in Manipur, who was arrested in Kolkata on January 21, 2023, was brought to Imphal the next day (January 22). He was produced before an Imphal West court by the Directorate of Enforcement (ED) and was flown back to Kolkata on the same day after securing his remand to ED custody from the court of Chief Judicial Magistrate.
ED had conducted search at eight different locations situated in Gurugram (Haryana), Kolkata and Manipur in a PMLA case involving large scale ponzi scheme operated by the accused Sanasam Jacky, managing director of Lamjingba Group of companies based in Manipur and as a result of search, Rs 34 lakh cash and various incriminating documents such as copies of property documents, list of investors, details of funds collected from the investors, foreign investments etc have been recovered and seized.
The incriminating documents are related to generation of proceeds of crime, its further diversion, transfer and end use by Sanasam Jacky and others, stated the ED.
Two bank accounts of Sanasam Jacky, with a balance amount of Rs. 1,34,01,989/- were also frozen. Further, four immovable properties (commercial buildings/lands) situated in Gurugram and Imphal, Manipur, were also freeze/seized.
Earlier, ED had initiated money laundering investigation against Sanasam Jacky of Lamjingba Group of companies and others, on the basis of 7 FIRs registered by the Imphal West, Manipur under various sections of IPC, alleging that they had cheated more than 15000 investors in the Manipur, misappropriated and siphoned off investor’s funds. They had collected huge amounts of money to the tune of more than Rs 580 Crore from the public with a promise of exorbitant returns, stated the ED.
The company closed its door to the investors in the 1st quarter of 2020 without returning the promised funds to the investor. Further, investigation is underway in the matter, it added.