PANJIM: The Enforcement Directorate has attached assets worth Rs 2.37 crore of Jeevendra Poddar and Shipra Singh under Prevention of Money Laundering Act (PMLA), 2002 in the offence of money laundering initiated against Ameet Savant and others. The attached assets are in the form of a flat in Goa, Office Space in Gera Imperium Grand in Goa, BMW cars, etc.
This information was given out in a statement issued by ED, Department of Revenue, Ministry of Finance, Govt of India.
Enforcement Directorate (ED) stated that it had initiated money laundering investigation on the basis of FIRs dated August 21, 2019 and December 12, 2019 registered by Goa Police under various sections of IPC and Goa Protection of Interest of Depositors (In Financial Establishments) Act, 1999 against Ameet Savant, Jeevendra Poddar, Shipra Singh, and others for duping investors to the tune of approximately Rs 21.38 crore by promising fixed returns of 2 to 5% per month.
Investigation by ED revealed that Ameet Savant, as Authorised Representative (AP) of M/s Ventura Securities Ltd had collected money to the tune of Rs 21.38 crore from the complainants between 2015 to 2019 and instead of depositing the same in the Demat accounts of investors maintained with M/s Ventura Securities Ltd, had misappropriated the same in the accounts of his own similar named proprietorship firm, M/s VENTURA.
“Ameet Savant had further laundered the money received from complainants for gambling/speculation in the securities market and lost money to the tune of Rs 9.86 crore approximately between 2016 and 2018. Further, Ameet Savant had transferred Proceeds of Crime (POC) to the tune of Rs 5.45 crore in the bank accounts of Jeevendra Poddar and Shipra Singh as commission/brokerage for sourcing clients for him,” said ED.
Further investigation is under progress.
