In a decisive step under the prevention of Bhopal, Money Laundering Act (PMLA), 2002, 20 September (IANS), Bhopal Zonal Office of Enforcement Directorate (ED) on Saturday has provided three immovable properties of Rs 1.15 crore in Maharashtra on Saturday.
Action taken on September 19, 2025 is part of the ongoing investigation into financial irregularities associated with M/S Zoom Developers Private Limited (ZDPL).
The investigation was started and based on the FIR and charge sheet filed by the Central Bureau of Investigation (CBI) bank safety and fraud cells and the Economic Offenses Wing (EOW) in New Delhi.
These documents showed that ZDPL received money from Punjab National Bank (PNB) and other consortium banks.
According to ED findings, embezzlement money – classified as the income of crime – Zoom Hindustan Peter Oats were rooted through joint ventures such as joint ventures.
This money was eventually converted into institutions including M/s Hindustan Mortar Linings Limited Liability Partnership and its colleagues, who used funds to acquire real estate.
This adds to the increasing list of enforcement operations in the latest attachment case.
The ED has issued the first five provisional attachment orders, seizing movable and immovable properties worth Rs 131.34 crore.
Additionally, one prosecution complaints and two supplementary prosecution complaints have been filed, indicating the agency’s commitment to pursue legal accountability.
The attached properties are believed to be considered part of a complex laundering network, designed to obscure the origin of changed money.
ED officials emphasized that the investigation is still going on, which focuses on detecting additional assets and identifying all the beneficiaries involved in the scheme.
The case underlines the scale and refinement of financial frauds that target India’s banking system and highlight the role of joint enterprises and shell institutions in looting illegal funds.
The continuous action of the ED reflects its resolve to destroy such a network and recover public funds.
Further developments are expected as the investigation increases.
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SKTR / KHz