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5h ago

ED Attaches 212 Properties Worth Over Rs 155 Crore in LFS Broking Money-Laundering Probe

Investigators allege similarly named firms exploited a SEBI registration to promise assured returns, diverting more than Rs 1,600 crore.

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Overview

  • The Kolkata Zonal Office provisionally attached the assets on 24 September 2025 under the Prevention of Money Laundering Act.
  • The attachments span land, apartments, hotels, resorts and factory plots across districts in West Bengal and other states.
  • ED identifies alleged masterminds including Saiyad Jiyajur Rahaman, Dilip Kumar Maity and Md. Anarul Islam, citing manipulation of SEBI certificates to run illegal schemes.
  • Six suspects have been arrested and remain in judicial custody, and a prosecution complaint has been filed against 10 accused before a special court in Kolkata.
  • The case stems from FIRs by West Bengal Police, with additional complaints in Gujarat, Odisha and Maharashtra, and the ED states the investigation is ongoing.