Directorate of Enforcement (ED), Panaji Zonal Office, has provisionally attached movable and immovable properties valued at Rs. 1.17 Crore (approx.) consist of a benami commercial Shop No. D-12, Pancharatna Building Complex, Margao; bank balance in the account of Mrs. Mayuri Kelvekar; and the value of gold assets of Gundu Kelvekar held with M/s. Narayan Sheshgiri Jewellers in a case of bank fraud against UCO Bank under PMLA, 2002. The total Proceeds of Crime in this case has been quantified at Rs. 2.81 Crore (approx.).
Directorate of Enforcement (ED), Panaji Zonal Office, has filed a Prosecution Complaint (PC) on 20.11.2025 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 against Mohammed Suhail and others. The Hon’ble Principal District and Sessions Judge, North Goa, Panaji has taken cognizance of the offence of money laundering defined under Section 3 and punishable under Section 4 of the PMLA, 2002, on 02.01.2026.
ED initiated investigation under the PMLA based on Charge Sheet No. 01/2024 dated 09.01.2024 filed by the Special Investigation Team (SIT), Goa Police (arising out of FIR No. 64/2022 dated 23.07.2022 registered by Crime Branch Police Station, Goa).
ED investigation revealed that Mohammed Suhail, a habitual offender involved in land grabbing cases, devised a criminal conspiracy to fraudulently transfer the title of land situated at Anjuna, Bardez, Goa, belonging to the parents of the complainant. The modus operandi involved the preparation of forged birth certificates to create an apparently fictitious person named ‘Malwin G. Lobo’ and forged death certificates of the rightful owners. These fabricated documents were used to create a false Deed of Succession and subsequently execute a fraudulent Power of Attorney in favour of an associate of Mohammed Suhail. The property was then transferred to the wife of Mohammed Suhail, via a Sale Deed dated 29.09.2010 and later sold to one Shaikh Salim on 15.04.2011. The investigation established that the property was significantly undervalued to project Proceeds of Crime as legitimate and cash transactions over and above the registered value were utilized by the accused for personal gains. Mohammed Suhail was arrested by ED on 22.09.2025. Pursuant to the completion of his ED Custody of 14 days, the Accused was remanded to Judicial Custody and he presently continues to remain in Judicial Custody. Meanwhile, Prosecution Complaint was filed by ED against Mohammed Suhail and Mrs. Anjum Shaikh before the Ld. Principal District & Sessions Court, Special Court under the PMLA, Merces, Goa.
During the hearing held on 02.01.2026, the Ld. Court took cognizance of the offence. Accused No. 1, Mohammed Suhail, was produced through Video Conferencing from Central Jail, Colvale. Accused No. 2 was represented by legal counsel.
Further investigation is under progress.