Overview

• The ED’s Panaji Zonal Office provisionally attached two residential flats, a fixed deposit and equity shares linked to Gohil Jaykumar and associated persons.
• Investigators say the unregistered Ranggeeta Enterprises lured investors in Goa and Gujarat with promises of up to 20% monthly returns.
• More than 2,500 people allegedly deposited money into the personal bank accounts of Jaykumar and his agents rather than any legitimate business.
• The scheme operated as a Ponzi structure and collapsed in April–May 2022 when withdrawal requests exceeded new inflows.
• The PMLA action follows an FIR by the Goa Police Economic Offences Cell, with asset tracing and recovery efforts continuing.