New Delhi/Aizawl, March 31 (NationPress) On Tuesday, the Enforcement Directorate (ED) announced that it has submitted its inaugural charge sheet to a court located in Aizawl, the capital of Mizoram, regarding a case tied to fraudulent government subsidy claims.

The charge sheet was filed by the ED's Aizawl Sub Zonal Office on March 30, invoking Section 45 alongside Section 44 of the Prevention of Money Laundering Act (PMLA), 2002, against Ravi Gulgulia and other individuals for engaging in money laundering activities, as reported by officials.

An official release indicated that the ED commenced its investigation based on an FIR lodged by the Mizoram Police's Anti Corruption Bureau (ACB), under several sections of the Indian Penal Code, 1860, as well as the Prevention of Corruption Act, 1988.

Prior to this, the Mizoram Police's ACB had filed a charge sheet with the relevant court on May 30, 2019.

The PMLA investigation uncovered that Ravi Gulgulia, in collusion with Margaret M. Varte, set up a coke production facility under the name of M/s Mizo Carbon Products (MCP) near Aizawl, with the intent to illegitimately access Central government subsidies.

Evidence indicated that the facility was inactive during the claimed operational timeframe, with numerous fraudulent documents—including fictitious production records, transportation logs, raw material procurement invoices, and diesel consumption reports—crafted and submitted to wrongfully obtain a total of approximately Rs 2.47 crore in Central Transport Subsidy (CTS) and Rs 93.90 lakh in Central Capital Investment Subsidy (CCIS).

The overall illicit gains from this scheme were estimated at nearly Rs 3.41 crore, according to the official statement.

The ED's investigation further revealed that, upon receipt of these subsidy funds, the illicit proceeds were systematically funneled through a series of entities and bank accounts.

These accounts were managed by Ravi Gulgulia, including entities such as Ravi Gulgulia and Sons (HUF), M/s Shivratri Commodities Private Limited, M/s Thirdwave Suppliers Private Limited, M/s Gulgulia Trade Corporation, and M/s Yash Marketing India, as stated by the ED.

The funds underwent circular transactions, were divided into multiple disbursements, and were eventually integrated into the personal accounts of the principal accused and into M/s Global Entrade, a partnership firm run by Ravi Gulgulia, which received tainted funds totaling Rs 45 lakh.

In this ongoing case, the ED has already provisionally seized real estate valued at Rs 38.40 lakh through a provisional attachment order under Section 5 of the PMLA, 2002.

Further investigations are currently in progress.