Overview

• The Enforcement Directorate filed a prosecution complaint on September 6 in a Kolkata special PMLA court naming ex-Sahara executive Anil V. Abraham and broker Jitendra Prasad Verma, who remain in judicial custody.
• Investigators allege Sahara properties acquired using public deposits were offloaded through clandestine, cash-heavy transactions facilitated by the two accused in collusion with others.
• The money-laundering probe arises from roughly 500 FIRs against Sahara entities, with over 300 involving scheduled PMLA offences alleging Ponzi-style operations, forced redeposits, denial of maturity payments, and manipulation of accounts.
• The ED says substantial deposits were siphoned to create benami assets and has issued four provisional attachment orders targeting Sahara-linked land and other properties.
• On September 12, the Supreme Court ordered Rs 5,000 crore to be moved from the Sebi–Sahara refund account to the CRCS for vetted payouts under the supervision of former judge R. Subhash Reddy and extended the distribution deadline to December 31, 2026, as the ED continues to examine senior roles and possible offshore transactions.