The Enforcement Directorate (ED) filed a Prosecution Complaint against the ICORE Group of Companies & Others under the PMLA, 2002 before the Ld. Special PMLA Court in Kolkata, wherein, in addition to the prosecution of 19 accused persons, a prayer was made for the confiscation of several properties acquired or obtained from proceeds of crime, including bullion, gold jewellery, and other immovable properties of the ICore group worth more than Rs. 2700 crore, which was attached The Hon’ble Special PMLA Court in Kolkata has taken note of the Prosecution complaint and has instructed the involved entities not to alienate or dispose of the Properties while the case is being heard.
During the years 2009-2014, the ICORE Group illegally collected a large quantity of money from unsuspecting investors in and around West Bengal without approval from the regulatory authorities.
The ICORE Group, controlled and beneficially owned by its promoter directors Late Anukul Maiti and Smt. Kanika Maiti, collected thousands of crores rupees from gullible investors on the promise of high returns through various ICore group companies such as ICore E Services Ltd., Mega Mould India Ltd., Riju Cement Ltd., Promotech Infratech Ltd., and others, according to an ED investigation.
The monies obtained were diverted to purchase a huge number of movable/immovable properties in the names of promoter directors and family members, to pay exorbitant commissions to lakhs of agents, to support international visits by directors, and so on. The ED also attached the assets of the ICORE Group firms worth more than Rs. 300 crore under an attachment order dated September 27, 2021.
Furthermore, the companies Disha Production & Media Pvt. Ltd. and Ekdin Media Pvt. Ltd., promoted by Suman Chattopadhyay and Kasturi Chattopadhyay, have been implicated and a petition has been filed to prosecute them for earning criminal profits of roughly Rs. 10 crore by collaborating with ICORE Group. The assets of these firms were already attached by ED by provisional attachment order dated 31.03.2022. More research is being conducted.
