ED attaches properties worth Rs 35 crore in Suumaya Group fraud case

Key Highlights

• They are accused of conspiring to embezzle about Rs 137 crore by falsely promising benefits under a future ‘Need to Feed’ programme.
• The ED investigation further revealed that the Suumaya group and its associates fabricated a bogus Haryana government contract under the ‘Need to Feed’ programme to secure funds and trade financing.
• This scheme was used to convert and project non-existent business operations as genuine turnover.
• Investigation shows, ED said, that funds received by Suumaya group entities were diverted by promoter Ushik Gala to dummy agro trader entities in Delhi and Haryana through an agent, falsely depicting genuine procurement.
• No actual agro purchases took place, ED alleged.