The Enforcement Directorate (ED) has arrested two key accused persons — G Ram Chandra Mohan and Akash Malviya — in connection with an alleged large-scale money laundering case involving fraudulent sale and illegal alienation of immovable properties belonging to The Spiritual Regeneration Movement Foundation of India (SRMF), a charitable society registered in 1963.
According to the ED, both accused were produced before a special court at Patiala House Courts, which remanded them to ED custody for further investigation. The arrests followed extensive search operations carried out by the agency on May 14 and 15 across multiple locations linked to the case.
Investigators alleged that properties owned by SRMF were fraudulently sold, transferred and alienated through illegal transactions that generated proceeds of crime under provisions of the Prevention of Money Laundering Act (PMLA). Officials said the case involves serious financial irregularities related to assets belonging to the charitable organisation, which has existed for more than six decades.
The ED stated that its probe focuses on the alleged misuse and diversion of properties belonging to the foundation through forged documentation, unauthorised transfers and financial transactions designed to conceal ownership and monetary trails. Officials are also examining whether additional individuals or entities were involved in facilitating the alleged property transactions.
Sources indicated that investigators recovered several documents, digital records and financial details during the search proceedings conducted over the last two days. The agency is expected to analyse property ownership records, banking transactions and communication data as part of the wider probe into suspected money laundering activities.
The case has drawn attention due to the involvement of properties linked to a charitable institution registered under the Societies Registration framework in 1963. Legal experts said the investigation may expand further if additional financial irregularities or linked transactions are identified during custodial interrogation.
The ED has intensified action in recent months against alleged financial frauds, land scams and money laundering cases involving trusts, cooperative bodies and charitable institutions across different states. Authorities have increasingly focused on cases involving illegal property transfers and diversion of institutional assets.
Officials said further arrests or attachment of properties under the Prevention of Money Laundering Act could follow depending on the outcome of ongoing investigations.