The ED, Mumbai Zonal Office, filed a prosecution complaint against Jayesh Vinod Tanna, Deep Vinod Tanna, Vivek Jayesh Tanna, and seven other entities of the Sai Group before the Hon’ble Special Court (PMLA), Mumbai, on July 31, 2026, under the PMLA, 2002. This case pertains to builder-buyer fraud involving various real estate projects in the Mumbai Metropolitan Region.
ED files prosecution complaint before Special Court (PMLA), Mumbai in the case of Jayesh Tanna and Sai Group of Entities
The Enforcement Directorate (ED), Mumbai Zonal Office, filed a Prosecution Complaint (PC) on 31.07.2026 before the Hon’ble Special Court (PMLA), Mumbai against Jayesh Vinod Tanna, Deep Vinod Tanna, Vivek Jayesh Tanna and 07 other entities of Sai Group under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. This complaint has been filed in respect of the offence of money laundering as defined under Section 3 read with Section 70 and punishable under Section 4 of the PMLA, 2002. The Hon’ble PMLA Special Court has ordered issuance of pre-cognizance notice to all the accused in the case.
The ED initiated the investigation in 2024 based on multiple FIRs registered by the Mumbai Police against Jayesh Vinod Tanna, Deep Vinod Tanna (promoters of the Sai Group of Entities), and others under various sections of the Indian Penal Code (IPC) and the Maharashtra Ownership of Flats Act, 1963 (MOFA). Subsequently, charge sheets have been filed by the Mumbai Police in 14 of the 17 such LEA cases.
The ED investigation revealed that the promoters of the Sai Group of Entities resorted to various irregular practices to divert funds of flat/shop buyers in their proposed redevelopment projects for their personal gain. This resulted in the projects not being completed and causing wrongful losses totaling ₹43.73 crore to buyers, old tenants (original society members), and investors in various projects in the Mumbai Metropolitan Region (DN Nagar, Andheri, Kandivali, and Goregaon).
Earlier, the ED had attached properties (representing proceeds of crime) worth Rs 43.73 crore under Section 5 of the PMLA, 2002. These included immovable properties belonging to the accused in the case located in Mumbai and Ahmednagar districts of Maharashtra and an immovable property located in the United Kingdom (UK).
Radhika Goyal is Author of Taxconcept Gurugram head office, for deeply reported tax, gst and income tax articles on issues that matter. He splits her time between New Delhi and Bengaluru, and has worked as a reporter, a podcaster and an editor for publications across India.