The Enforcement Directorate’s Mumbai Zonal Office has provisionally attached assets worth ₹36.21 crore in the Amber Dalal Ponzi scheme case under the Prevention of Money Laundering Act (PMLA), 2002. The latest seizure includes 10 immovable properties across Mumbai and Kolkata, along with movable assets such as fixed deposits, shares, mutual funds, and alternative fund investments.
This action follows an FIR filed by Mumbai Police against Dalal, proprietor of Ritz Consultancy Services, who allegedly duped 1,300 investors of over ₹600 crore by promising high returns through fake commodity trading investments. ED investigations revealed a network of commission agents who aggressively recruited investors without verifying the scheme’s legitimacy, earning substantial commissions while ignoring due diligence.
The probe further uncovered that Vinay Mohindar’s entities assisted Dalal in siphoning funds abroad through sham transactions. With this latest attachment, the total seized assets in the case now stand at ₹104.35 crore, including a Dubai property. Dalal remains in judicial custody as legal proceedings continue. The ED’s investigation into the money trail and involvement of other entities is ongoing.
Draft Tweet:
“ED Mumbai attaches ₹36.21Cr assets in Amber Dalal Ponzi case. Includes 10 properties in Mumbai/Kolkata, FDRs, shares. Total attachments now ₹104.35Cr. Dalal in custody, probe ongoing. #EDAction #PonziScam”
