Indore, July 3 (IANS) The Enforcement Directorate (ED), Indore Sub Zonal Office, has filed a chargesheet before the Special Court (PMLA), Indore, against Shrikant Ghante, Subhash Chandra Dubey, Rakesh Jain, Antim Joshi, and Anand Shah.
It was registered on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, for their alleged involvement in causing wrongful loss amounting to Rs 4.64 crore to Nav Bharat Grah Nirman Cooperative Society, Indore.
The Special Court has issued notices for a pre-cognisance hearing on the same day. The ED initiated its probe based on an FIR registered by Police Station MG Road, Indore, against Ghante and other office bearers of Nav Bharat Grih Nirman Cooperative Society Ltd.
The FIR invoked various sections of the Indian Penal Code, 1860, which are scheduled offences under the PMLA, for financial irregularities and fraudulent activities within the society.
Investigations revealed a well-orchestrated scam involving the Chairman, Vice-President, and members of the Board of Directors.
According to the ED, the accused dishonestly cheated members of their own cooperative by selling land purchased with society funds to different entities. The proceeds from these sales were siphoned off, while records of transactions were deliberately destroyed. The funds were then layered through systematic transfers and ultimately used to acquire immovable properties, thereby generating proceeds of crime.
Earlier, on February 12, 2026, the ED had issued a Provisional Attachment Order worth Rs 64.16 lakh under PMLA, attaching immovable assets held in the names of Shrikant Ghante and Subhash Chandra Dubey.
The agency stated that further investigation is underway to trace additional assets and uncover the full extent of the money laundering network.
The case underscores the ED’s continuing efforts to clamp down on financial fraud and protect the interests of cooperative society members.
–IANS
sktr/uk