A provisional attachment order issued by the Directorate of Enforcement (ED) on November 30, 2012, attached the proceeds of crime in the form of movable and immovable properties totalling Rs. 3,51,09,524/- in the case of M/s. Shri Kheteshwar Urban Credit Co-operative Society Ltd. under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA).
Rajveer Singh Rajpurohit, Vikram Singh Rajpurohit, Shaitan Singh Rajpurohit, and other connected individuals of M/s. Shri Kheteshwar Urban Credit Cooperative Society Ltd. has been charged in this case after Rajasthan Police registered more than 50 FIRs and Charge Sheets against them for the offence under various sections of the Indian Penal Code.
It was discovered during the inquiry that M/s. Shri Kheteshwar Urban Credit Cooperative Society Ltd. provided enticing rewards on deposits. Due to the attractive rate of interest promised on the deposits, innocent investors and the general public were drawn to the Kheteshwar society. The Society hired a number of agents to act on its behalf and receive public deposits. Beginning in the months of July and August 2016, M/s. Kheteshwar Society failed to honour its pledge to depositors to pay on deposit maturity dates.
In an effort to present the public deposits as unspoiled in various types of investments, it was discovered that they had been syphoned off or embezzled and had been invested in moveable and immovable properties that were the profits of crime. According to the results of the inquiry, the Directorate of Enforcement, by order dated November 30, 2022, has temporarily attached immovable property worth Rs. 3,42,59,524 and moveable property of Rs. 8,50,000. The probe is being expanded upon.
