The Directorate of Enforcement (ED) on 15 May 2025 arrested two individuals — G. Ram Chandra Mohan and Akash Malviya — for allegedly selling immovable properties belonging to the Spiritual Regeneration Movement Foundation of India (SRMF), a charitable society, and laundering the proceeds. The arrests followed extensive search operations conducted on 14–15 May across multiple states, including Uttar Pradesh, Madhya Pradesh, and Chhattisgarh.

Who Was Arrested and Why

Both accused have been remanded to ED custody by the Special PMLA Court at Patiala House Courts, New Delhi. According to the ED, G. Ram Chandra Mohan is identified as the principal conspirator who, after fraudulently projecting himself as the Treasurer of SRMF in 2010, created a fictitious entity with a similar name. He allegedly obtained a fake PAN — later deactivated by the Income Tax Department as a 'Fake Assessee' — and illegally opened a bank account to route the Proceeds of Crime.

Akash Malviya, described as a close associate, allegedly impersonated himself as an Executive Member of SRMF and actively assisted in executing fraudulent sale deeds as an authorised signatory, according to the ED statement.

The Fraud: Forged Documents and Prime Properties

The investigation revealed that the accused, purporting to be authorised office bearers of the original SRMF (Reg. No. S/2366/1963) — a charitable society registered in 1963 — used forged powers of attorney, fabricated board resolutions, and counterfeit authorisation letters to unlawfully sell prime trust properties valued at hundreds of crores of rupees. The FIRs registered across three states allege a continuing criminal conspiracy involving cheating, forgery, impersonation, and criminal breach of trust.

Third Party Complicity: Singhvahini Infra Projects

The ED has also issued a freezing order against the bank accounts and movable assets of Singhvahini Infra Projects and its directors for alleged complicity in the money laundering case. Freezing orders under Section 17(1A) of the Prevention of Money Laundering Act (PMLA), 2002 were issued against the bank accounts, fixed deposits, lockers, and high-end vehicles belonging to Pradeep Singh and his firm.

Despite reportedly being aware that the land belonged to SRMF and that the accused had no lawful authority to sell it, Pradeep Singh allegedly entered into the fraudulent transactions. He is further alleged to have sold portions of the same property to third parties immediately after the fraudulent sale deed was executed, according to the ED.

How the Investigation Began

The ED initiated its investigation based on an Enforcement Case Information Report (ECIR) recorded on 7 May 2025, arising from multiple FIRs registered across Uttar Pradesh, Madhya Pradesh, and Chhattisgarh. This case highlights a broader pattern of charitable institution assets being targeted through identity fraud and document forgery — a category of financial crime that enforcement agencies have flagged as increasingly sophisticated. Further arrests and asset attachments are likely as the investigation widens.