Mumbai (Maharashtra) [India], Enforcement Directorate (ED), Mumbai Zone Office has provisionally attached immovable properties worth Rs. The ED said in a press release that under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, properties worth Rs 52.73 crore located in Navi Mumbai have been seized in the case of M/s Monarch Universal Group. ED initiated investigation on the basis of multiple FIRs lodged with Maharashtra Police against M/s Monarch Universal Group, Gopal Amarlal Thakur, Hasmukh Amarla Thakur and others for defrauding genuine flat buyers under various sections of the Indian Penal Code, 1860. Money was taken from him for selling the flat and not registering it in his name. The ED investigation revealed that Gopal Amarlal Thakur transferred a huge amount of investors' money to his various affiliates and, through a complex web of funds, earned substantial income.Case of delinquency (POC) against various builders of Navi Mumbai, namely M/s Baba Homes Builders and Developers, M/s Lakhani Builders Pvt. Ltd. Ltd., M/s Monarch Solitaire LLP and others, the ED investigation revealed that Monarch Group and its directors sold Sam flats to multiple flat buyers. They took loans from NBFCs by mortgaging already sold flats without the knowledge of the customers. As a result, Gopa Amarlal Thakur was arrested on July 1, 2021. He is currently in judicial custody.The prosecution complaint in this case was filed on August 26, 2021. Its recognition has already been taken by the Honorable Special PML Court. The price of POC is Rs. Rs 52.73 crore given to these builders has been seized through a provisional attachment order dated May 10, 2024. Further investigation is ongoing. In another operation, ED, Delhi on May 7 conducted search operations at 1 locations in Delhi and NCR belonging to Shri.Raj Mahal Jewelers Private Limited (SRMJPL), Ginni Gold Private Limited (GGPL), Ashok Goyal, Pradeep Gol, Praveen Kuma Gupta [Promoter/Director] and several shell companies related to them. During the search operation conducted cash amount of Rs. 20.50 lakhs, 5 high-n luxury cars [Mercedes/BMW] with acquisition price of approx. Rupee. Various evidences relating to FDs of Rs 2 crore and Rs 1 crore held by the promoters in the name of persons of dummy entities, assets/bank accounts held by the promoters through various shell companies were recovered and seized.