ED Attaches Apartment in Pune Worth Rs 1.50 Crore and Bank Balance of Rs 7.17 Crore

In the case of Imtiyaz Mohd. Hussain Shaikh & others, the Directorate of Enforcement (ED) has provisionally attached a residential unit in Pune worth Rs 1.50 crore and Rs 7.17 crore in the bank account of Tabut Inam Endowment Trust (TIET).

On the basis of a FIR and Chargesheet filed by Pune Police against the accused persons for claiming compensation of Rs 8.67 crore against the acquisition of land of TIET by submitting fabricated TIET documents to the Deputy Collector, Land Acquisition Office No. 13 and impersonating as TIET office bearers, the ED launched a money laundering investigation.

According to the ED investigation, Imtiyaz Mohd. Hussain, Chand Ramzan Mulani, Satish Rajguru, Santosh Kamble, and others conspired with Mohd. Ishraque Khan @ Zarif Khan to create and falsify TIET documents.

They also faked the signatures of numerous people who were listed as Trustees of TIET on their falsified paperwork and used the forged documents to open a bank account in the name of TIET.

The compensation payment of Rs 8.67 crores was credited to the accused parties’ TIET bank account, which was then utilized to acquire a residential apartment and for personal benefit.

Further investigation is under progress.