ED Files Complaint in ₹45 Crore Defence Project Fraud
Advocate Sanjay Thakkar, representing the ED, stated that Neeraj had lured Atwal into investing in a defence project in 2014, initially estimated at ₹20 crore. However, the accused later extorted a total of ₹45 crore from Atwal under the guise of the project.
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Ahmedabad : The Enforcement Directorate (ED) has filed a complaint under the Prevention of Money Laundering Act (PMLA) against nine individuals, including the main accused Neeraj Shah, in the Ahmedabad Rural PMLA Court. The case involves a massive fraud of ₹45 crore under the pretext of launching a project with the Ministry of Defence.
The court has issued summons against Neeraj Shah, Jainam Shah, Rupal Shah, HarshitaRawal, Mehmoodkhan Malik, Vinodkumar Sanghvi, Kalpesh Shah, and the companies Pal Cospo India Limited, Rising Trade Link Limited.
The case came to light when an NRI from Oman, Manbhupindersingh Atwal, filed a complaint at the Vadaj police station, alleging that Neeraj had defrauded him of ₹45 crore in total by promising a partnership in a defence project in 2014. Following this, the ED began its investigation and seized properties worth ₹15.59 crore from the accused.
Advocate Sanjay Thakkar, representing the ED, stated that Neeraj had lured Atwal into investing in a defence project in 2014, initially estimated at ₹20 crore. However, the accused later extorted a total of ₹45 crore from Atwal under the guise of the project.
Following the ED’s submission in the PMLA case provision act, the court has issued summons against the accused.
The next hearing is scheduled for October 25.
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