So, here we are. The Enforcement Directorate (ED) of India, in a shocking turn of events, has seized a *luxurious* $3.5 million hotel property. And where is this masterpiece of deception located? Oh, just in the *charming* tourist spot of Pamban Island in Rameswaram town, Tamil Nadu. You know, nothing says “I’m innocent” like hiding your spoils in a luxury resort, right? 🏝️
Turns out, this property belonged to someone *really* good at running scams—*cryptocurrency* and *forex* trading platforms. Real nice, huh? It gets better—according to the ED’s officials, their team from Kolkata swooped in and seized a whopping ₹30 crore ($3.5 million) worth of property, including 60 hotel rooms and some land. What a *catch*! 🏨
ED, Kolkata has taken possession of the confirmed attached immovable properties worth Rs. 30 Crore in the form of 60 hotel rooms and vacant land situated at Seven Hills Pamban Island Resort, Rameswaram in the matter of M/s TM Traders & M/s KK Traders (TP Global FX) under the…
— ED (@dir_ed) April 18, 2025
And guess what? This property wasn’t just *sitting there* like some kind of innocent vacation spot. Nope! It used to belong to two *well-known* companies—M/s KK Traders and TM Traders. Sounds shady, right? You bet it is! This all went down under the Prevention of Money Laundering Act (PMLA). Yeah, a law that’s basically the government saying, “Hey, stop trying to get rich off scams, buddy.” 👮♂️💰
The ED has announced this on its X post, stating that “ED, Kolkata, has taken possession of the confirmed attached immovable properties worth ₹30 crore in the form of 60 hotel rooms and vacant land situated at Seven Hills Pamban Island Resort, Rameswaram, in the matter of M/s TM Traders & M/s KK Traders (TP Global FX) under the provisions of the PMLA, 2002.”
The whole thing started because, surprise, surprise, the Kolkata Police filed a case against these companies for some *seriously* suspicious activities—money laundering, fraud, the usual. Oh, and for those wondering, the Reserve Bank of India (RBI) had already given a heads-up on TP Global FX being totally illegal and not registered with them. But hey, people always think they’re going to beat the system. Spoiler alert: they don’t. 😏
As if that wasn’t enough, the investigation reveals that these guys—Prasenjit Das, Tushar Patel, and Shailesh Kumar Pandey—set up this whole *elaborate* scam. They created fake companies, tricked people into thinking they were going to make a fortune in forex and crypto, and then… well, you can guess what happened next. Shocking, right? Yeah, not really. 🤦♂️
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2025-04-18 13:44