Guwahati, Jan 2 : The Directorate of Enforcement (ED) has provisionally attached immovable properties worth ₹33.66 crore in connection with an alleged multi-crore investment fraud in Manipur, taking the total value of attached assets to ₹61.68 crore, officials said on Thursday.
The ED’s Imphal Sub-Zonal Office said it issued a second Provisional Attachment Order (PAO) against properties linked to Birla Emporium Pvt Ltd, Ira Finance Pvt Ltd, and their director Yumnam Irabanta Singh, who is accused of cheating around 5,000 investors through an unauthorised deposit scheme.
The action follows an investigation initiated on the basis of FIRs registered by the CID (Crime Branch), Manipur, under various sections of the IPC.
According to the ED, Singh allegedly operated a fraudulent investment and deposit scheme between 2019 and 2021, promising high returns but siphoning off investors’ funds.
The probe revealed that the accused entities collected large sums from the public without regulatory approval, causing a wrongful loss of over ₹250 crore to depositors and generating illegal gains for the promoters.
The ED also alleged that funds classified as Proceeds of Crime (PoC) were used to acquire multiple properties, some of which were registered in the names of directors and staff.
Investigators further found that the companies provided loans against property, transferred ownership of pledged assets through sale deeds, and shut operations in early 2020 without returning investors’ money.
Earlier, the ED had attached movable and immovable assets worth ₹28.02 crore in the same case. A prosecution complaint seeking confiscation of the attached properties was filed before the Special PMLA Court, Imphal East, on June 6, 2025.
Further investigation is underway, the agency said.
 has provisionally attached immovable properties worth ₹33.66 crore in connection with an alleged multi-crore investment fraud in Manipur, taking the total value of attached assets to ₹61.68 crore, officials said on Thursday.){kind=link}