Ed Attaches Properties Worth Rs. 2.25 Crore Linked to Fraudulent Fertilizer Scam Involving Manoj Ji & Co.
(Judicial Quest News Network)
The Directorate of Enforcement (ED) has provisionally attached immovable properties valued at approximately Rs. 2.25 crore, connected to the shareholders/owners of M/s Manoj Ji & Co. Pvt. Ltd., under the Prevention of Money Laundering Act (PMLA), 2002. This action follows an investigation initiated based on a charge-sheet filed by the CBI-ACB, Srinagar, for alleged fraudulent activities under sections 420 and 120-B of the Ranbir Penal Code (RPC).
The investigation pertains to M/s Manoj Ji & Co. Pvt. Ltd., a Railway Out Agency (ROA) for Northern Railway, Udhampur, which was tasked with transporting 3938.2 metric tons (MT) of DAP fertilizer from the Rail Head in Udhampur to IFFCO’s stockists in Srinagar. However, an estimated 1024 MT of the fertilizer was never delivered, and the freight charges for the undelivered goods were fraudulently claimed by the company, resulting in a total loss of approximately Rs. 2.25 crore, including Rs. 18.53 lakh in fraudulent freight charges.
ED’s probe revealed that the freight payments received by M/s Manoj Ji & Co. Pvt. Ltd. were circulated through various bank accounts in a complex manner, allegedly orchestrated by the company’s controller, Late Rajesh Oberoi, in an attempt to disguise the origin and movement of the funds. These diverted funds were later used for the personal and business purposes of the Oberoi family.
As part of the ongoing investigation, an industrial plot in Wazirabad, Delhi, registered in the names of Rajesh Oberoi and his wife, Rama Oberoi, has been identified as proceeds of crime and provisionally attached. The total value of the attached property is approximately Rs. 2.25 crore. Further investigations are currently underway.
