ED Attaches Rs 35.22 Crore Assets in Suumaya Group Investor Fraud Case

The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth approximately Rs 35.22 crore belonging to the Suumaya Group and its promoters under the Prevention of Money Laundering Act. The action follows an investigation based on a Worli police FIR alleging that the group embezzled Rs 137 crore from investors by falsely promising benefits under a fabricated 'Need to Feed' Haryana government contract. The probe found that funds were diverted through dummy agro-trader entities to simulate non-existent business operations and inflate turnover.