In a case involving fraud and deception, the Directorate of Enforcement (ED) filed a Prosecution Complaint on July 28, 2023, before the Honourable Patiala House Court in New Delhi against Sanjay Prakash Rai. On July 31, 2023, the present complaint was given legal consideration by the prestigious Patiala House Court in New Delhi.
On the basis of a fraud and forgery FIR filed by P.S. Vibhuti Khand, Lucknow East Commissionerate, Uttar Pradesh, the ED began an inquiry into money laundering. Sanjay Prakash Rai defrauded the public of a significant sum of money by presenting himself as friendly with prominent politicians and bureaucrats, according to an ED probe.
The ED carried out search operations at 42 sites over the course of the inquiry, including New Delhi, Gurugram, Faridabad, Noida, Ghazipur, Pune, and Gandhidham. Sanjay Prakash Rai, the primary defendant in the case, was detained by the ED from June 3, 2023, until June 16, 2023.
According to an ED probe, Sanjay Prakash Rai defrauded businessman Gaurav Dalmia and his family of Rs 12 crore by instilling fear of his arrest during an ongoing ED, New Delhi, investigation. Out of the aforementioned Rs 12 crore, an amount of Rs 6 crore was sent by the Dalmia Family Office Trust, whose trustee is Gaurav Dalmia, to the Youth Rural Entrepreneur Foundation (YREF) in January 2023.
On February 16, 2019, Sanjay Prakash Rai incorporated YREF as a not-for-profit organisation under the Companies Act. Village Karaila, Post Saheri, Ghazipur, Uttar Pradesh, is where YREF has its registered address. However, Sanjay Prakash Rai’s home address, House No. 1, Delhi Riding Club, Safdarjung Road, New Delhi, is where the real operational operations of YREF are carried out. Sanjay Prakash Rai is the primary benefactor of the firm even though he holds no formal positions inside YREF. He also oversees its daily operations.
Sanjay Prakash Rai got the aforementioned payment of Rs 6 crore from the Dalmia Family Office Trust under the pretext of a gift in YREF. Sanjay Prakash Rai also falsified paperwork in order to hide the genuine nature of transactions for payments of Rs 6 Crore received from Dalmia Family Office Trust. In addition to the Rs. 6 Crore received in the account of the Youth Rural Entrepreneur Foundation, Sanjay Prakash Rai also received Rs. 6 Crore in cash from Gaurav Dalmia. This money was then layered and added to the bank accounts of his sons, Yash Sanjayprakash Rai and Sujal Sanjayprakash Rai, under the guise of the sale of old jewellery.
Sanjay Prakash Rai has defrauded several other people and conned them out of a total of Rs 2,51,50,000 by presenting himself as a close friend of prominent politicians and bureaucrats, according to a subsequent ED inquiry. By revealing his connections to powerful politicians and bureaucrats, Sanjay Prakash Rai defrauded Mohit Singh, the managing director of Shipra Estate Ltd, of Rs 1 crore by making untrue promises.
The aforementioned Rs 1 crore payment was received on behalf of the Youth Rural Entrepreneur Foundation’s bank account as a contribution. Sanjay Prakash Rai also defrauded Sunil Chand Goyal, Director of Metadesign Solution Pvt Ltd, of Rs 51,50,000, and Naveen Kumar Malhotra, Director of Bindu Fashion Pvt Ltd, of Rs 1 Crore by making false promises and impressing them by presenting himself as an influencer, a social worker, and affiliated with PMO.
Earlier, the ED had issued freezing orders and provisional attachment orders for the attachment and freezing of 19 movable properties valued at Rs. 14,54,48,189, including 18 bank accounts with a balance of Rs. 13,96,43,189 and one movable property in the form of a Mercedes AMG car valued at Rs. 58,05,000, all in the names of the accused, his family, and entities where the proceeds of crime were deposited.
