ED attaches Rs 4 crore of assets, including Mumbai's Lambat Building, under PMLA
The ED's Mumbai office said it has provisionally attached a building and bank balances worth about Rs 4 crore in a case it alleges involved forged property papers and coercion.
Key points
- The Enforcement Directorate's Mumbai Zonal Office provisionally attached properties under the PMLA, it said on 5 November 2026.
- The attached assets, a Mumbai property called Lambat Building and bank balances of the accused, are worth about Rs 4 crore, the ED said.
- A provisional attachment must be confirmed by the Adjudicating Authority, and the ED said further investigation is under way.
The Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth about Rs 4 crore under the Prevention of Money Laundering Act (PMLA), 2002, its Mumbai Zonal Office said on 5 November 2026. The attached assets are a Mumbai property known as Lambat Building and bank balances held by the accused, according to the agency.
What Happened
The ED said its investigation began from a first information report registered at Dadar Police Station, which was later investigated by the Anti-Extortion Cell of the Mumbai Police Crime Branch. The FIR concerns allegations of criminal conspiracy, cheating, criminal breach of trust, forgery and use of forged documents.
According to the ED, the accused allegedly conspired to take over Lambat Building by impersonating its original owner and fabricating forged documents, including a deed of conveyance. The agency alleges that in 2019 one of the accused acquired a 50% share of the building from its owners by threatening and coercing them, and that the owners were dispossessed of their share without being paid.
The ED further alleges that the property was then transferred to a relative of a person linked to the accused, and that the successive transfers were structured to give a semblance of a legitimate sale to a property allegedly acquired through extortion and coercion. The building is now held in that relative's name, the agency said.
Based on its investigation, the ED attached the building along with bank balances of the main accused and other accused persons. It said further investigation is in progress.
What It Means
A provisional attachment stops the property from being sold or transferred while the case goes on. It is not a final order: under the PMLA, the attachment must be confirmed by the Adjudicating Authority, before which the holders of the property can contest it.
These are allegations, not findings of guilt; the accused are presumed innocent until proven guilty in court, and due process continues.
This report describes enforcement actions and allegations on the public record, attributed to the officials cited. An order, FIR or chargesheet is not a conviction; parties are presumed innocent until proven guilty.
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Sources & Citations
- Enforcement Directorate press release — Enforcement Directorate