ED Attaches ₹33.66 Crore Assets in Birla Emporium-Ira Finance Investment Fraud Case
1 hour agoCrime
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1 SourcesManipur, India
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ED Attaches ₹33.66 Crore Assets in Birla Emporium-Ira Finance Investment Fraud Case

The Enforcement Directorate (ED) has attached assets worth ₹33.66 crore in a case involving Birla Emporium and Ira Finance. The probe, initiated based on a Manipur police FIR, alleges that director Yumnam Irabanta Singh and associates operated a fraudulent investment scheme from 2019-2021. They are accused of cheating approximately 5,000 investors of ₹250 crore by promising high returns and then siphoning off funds to acquire properties. Total attachments in the case now exceed ₹61 crore.

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