The Enforcement Directorate (ED), Surat, has taken significant action by provisionally attaching 31 immovable properties valued at approximately Rs. 4.21 Crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. These assets are held in the name of Sajid @ Sajju Gulam Mohammad Kothari, Allarakha Gulam Mustafa Sheikh, their family members, and accomplices.
The attachment comes in light of investigations initiated by the ED based on six FIRs registered by the Surat Police. These FIRs pertain to serious offenses including extortion, murder, kidnapping, abduction, rioting, robbery, dacoity, unauthorized money lending, gambling, and damage to property, among others, against Sajju Kothari and others.
ED’s thorough investigation revealed that proceeds of crime (PoC) amounting to approximately Rs. 4.29 Crore were generated by Sajju Kothari through various criminal activities, including those mentioned in the FIRs. In response, the ED has provisionally attached the 31 immovable properties belonging to Sajid @ Sajju Gulam Mohammad Kothari, Allarakha Gulam Mustafa Sheikh, their family members, and accomplices.
These properties have been attached under the PMLA, 2002, as they are suspected to have been derived from criminal activities related to scheduled offenses. The ED’s action underscores its commitment to combat money laundering and illicit financial activities, ensuring that those involved in such crimes are held accountable.
The provisionally attached properties serve as a significant step in the ongoing efforts to unravel the nexus of criminal activities and prevent the circulation of illicit funds in the economy. The ED continues to work diligently to trace, seize, and confiscate assets obtained through illegal means, thereby safeguarding the integrity of the financial system and upholding the rule of law.
