Sat Nov 30 02:42:22 UTC 2024: ## ED Attaches ₹1.56 Crore in Assets from Kerala Builders in Money Laundering Case
**Thiruvananthapuram, November 30, 2024** – The Enforcement Directorate (ED) has provisionally attached assets worth approximately ₹1.56 crore belonging to M/s Samson and Sons Builders and Developers Pvt. Ltd. and its directors in Kerala. The action follows a money laundering investigation under the Prevention of Money Laundering Act (PMLA), 2002.
The investigation was launched based on FIRs filed by the Peroorkada police station alleging that the company and its directors – Jacob Samson, John Jacob, Samuel Jacob, and Dhanya Mary Varghese – defrauded homebuyers. The company allegedly collected substantial sums of money under false pretenses of delivering residential flats, which were never completed. Funds were instead misappropriated for personal use.
The ED’s investigation revealed that the collected funds were neither used for construction nor returned to the buyers, resulting in significant financial losses for investors. The proceeds of the crime were deposited into the company’s and the directors’ bank accounts and used to acquire various properties. Some assets were also transferred to third parties in an attempt to conceal them.
The attached assets include 13 properties, comprising 12 plots of land and one residential flat located in Pattom and Karakulam. The ED’s investigation is ongoing.
First Piper 