Mumbai: The Enforcement Directorate (ED), Mumbai Zonal Office, has provisionally attached an immovable property located in England, United Kingdom, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. The property, in the form of land and a building, is allegedly owned by Vinod Tanna and his wife, which was acquired using proceeds of crime (POC), the agency said in a statement on Thursday.
According to an official statement by ED, the asset in the UK was purchased in 2017 by Jayesh Tanna, during the period when the alleged offences were committed. The POC, amounting to GBP2.07 lakh (approximately Rs 2.17 crore at current exchange rates), were purportedly siphoned off to the U.K. after defrauding a multitude of investors and flat buyers in Mumbai-based redevelopment projects.
With the latest attachment, the total value of properties seized in the case has reached Rs 35.65 crore.
The ED initiated its probe in 2024 based on multiple FIRs registered by Mumbai Police against Jayesh Tanna, Deep Tanna, promoters of the Sai Group of Entities and others under various sections of the Indian Penal Code. Chargesheets have been filed in most of the cases, officials said.
The ED’s probe has revealed that the promoters of Sai Group diverted funds collected from flat and shop buyers in proposed redevelopment projects for personal use. This led to non-completion of the projects, causing an estimated loss of Rs 85.75 crore to buyers, original society members, and investors across locations including D N Nagar, Andheri, Kandivali, and Goregaon in Mumbai.
