What Actions Did the Lucknow Court Take Regarding the ED Charge Sheet in the Property Fraud Case?
Click to start listening
Synopsis
In a significant development, a Special Court in Lucknow recognized a charge sheet filed by the ED against a property advisor accused of defrauding owners. This case highlights the serious implications of property fraud and the ongoing battle against illicit financial activities.
Key Takeaways
- Lucknow Special Court recognizes ED's charge sheet.
- Yogesh Kumar Tiwari accused of property fraud.
- Investigation initiated by Uttar Pradesh Police.
- Proceeds of Crime identified at Rs 1.41 crore.
- ED attached properties worth Rs 78 Lakh.
Lucknow, Jan 22 (NationPress) A Special Court (PMLA) in Lucknow has acknowledged a charge sheet presented by the ED against a property consultant, accused of deceiving property owners with false promises of asset redevelopment, as confirmed by an official on Thursday.
The Directorate of Enforcement (ED), Allahabad Sub-Zonal Office, filed this charge sheet on September 29, 2025, before the Special Court (CBI), West, Lucknow, according to the Prevention of Money Laundering Act (PMLA), 2002, naming Yogesh Kumar Tiwari as the accused.
The Special Court recognized the charge sheet on Wednesday, as stated in an official announcement.
The ED's investigation began following an FIR lodged by the Uttar Pradesh Police at Police Station Jhunsi, Prayagraj, under various sections of IPC, 1860, for crimes including cheating, forgery, criminal breach of trust, and criminal intimidation.
The inquiry revealed a calculated scheme where the accused fraudulently persuaded the complainant to transfer multiple immovable properties under false pretenses of initiating development projects and offering future financial returns, as reported by the ED.
Investigations indicated that the accused, Yogesh Tiwari, misrepresented himself as a well-connected entrepreneur and property dealer, managing to deceive the complainant and illegally acquire five immovable properties without making the required payments.
Three of these properties were later sold to third parties, with the proceeds misappropriated for personal use. The ED identified Proceeds of Crime totaling Rs 1.41 crore in this case.
During the investigation, the ED provisionally attached immovable assets valued at Rs 78 Lakh via a Provisional Attachment Order dated November 8, 2024, under the PMLA, 2002, which was later confirmed by the Adjudicating Authority.
In its Prosecution Complaint, the ED demonstrated that the accused intentionally generated, acquired, possessed, concealed, and utilized the Proceeds of Crime, attempting to disguise them as legitimate property. Consequently, the offence of money laundering under Section 3, punishable under Section 4 of the PMLA, 2002, was established against the accused.
Point of View
My perspective is aligned with our commitment to delivering unbiased, factual news. This case serves as a stark reminder of the ongoing risks in real estate transactions and the critical role of regulatory bodies in safeguarding public interests.
NationPress
23/01/2026
Frequently Asked Questions
What prompted the ED's investigation in this case?
The investigation was initiated based on an FIR filed by the Uttar Pradesh Police, which included charges of cheating, forgery, and other criminal offenses against the accused.
What were the main accusations against Yogesh Kumar Tiwari?
Yogesh Kumar Tiwari is accused of deceiving property owners into transferring their properties by making false promises of redevelopment and financial benefits.
What financial irregularities were uncovered during the investigation?
The ED identified Proceeds of Crime amounting to Rs 1.41 crore and found that properties were illegally sold, with the proceeds misappropriated by the accused.
What legal actions have been taken against the accused?
The ED has provisionally attached immovable properties worth Rs 78 Lakh as part of the case, and money laundering charges have been established against Tiwari.
How can property owners protect themselves from fraud?
Property owners should conduct thorough due diligence, verify credentials of advisors, and ensure all agreements are legally binding and transparent.
