Indore, 30 November 2025 — The Directorate of Enforcement (ED), Indore Sub-Zonal Office, has provisionally attached 28 immovable assets in connection with the ‘Liquor Fake Challan Scam’ on 28 November 2025. The attached properties, comprising land and flats across Indore, Mandsaur, and Khargone, have a current market valuation of approximately ₹70 crore.
The investigation was initiated following an FIR lodged by Raoji Police Station, Indore, alleging that several liquor contractors caused substantial revenue loss to the government by forging and manipulating treasury challans.
Mechanism of the Fraud
Officials said the accused initially deposited challans for smaller amounts. Each challan had two sections: ‘Rs. in figures’ and ‘Rs. in words’. While depositing, the words section was left blank. Subsequently, the figures were altered, and the blank section was filled with a higher amount, generating a manipulated challan.
Copies of these altered challans were submitted at the Country Liquor Warehouse or the District Excise Office for foreign liquor. By presenting the manipulated documents, contractors obtained No Objection Certificates (NOCs), enabling them to acquire higher liquor stock while paying lower duties, resulting in substantial losses to the State Exchequer.
Key Findings from PMLA Investigation
ED’s investigation under the Prevention of Money Laundering Act, 2002 revealed that Raju Dashwant, Ansh Trivedi, and other liquor contractors collectively generated Proceeds of Crime exceeding ₹49 crore. The funds were derived from scheduled offences, including forgery, cheating, and criminal conspiracy.
The investigation further revealed that the accused layered, concealed, and invested these illicit funds across multiple channels to give them the appearance of legitimate earnings. The systematic movement and reinvestment of these funds demonstrated a clear attempt to launder and legitimise criminally obtained assets.
Judicial Custody and Arrests
Earlier, ED had arrested the main accused, Raju Dashwant and Ansh Trivedi, in connection with the case. Both individuals are currently in judicial custody.
An ED official said, “This action is a significant step in safeguarding government revenue and public funds. The attachment of assets under PMLA sends a strong message that financial fraud and misconduct will not be tolerated.”
Legal and Financial Implications
Experts note that the case highlights the importance of transparency and accountability in the state’s financial system.
Ensures protection against losses in government revenue and excise duty. Strengthens monitoring of Proceeds of Crime and their investment in immovable assets. Reinforces strict legal deterrence against corruption and fraudulent practices.
Further Investigations
ED confirmed that the investigation is ongoing, with additional actions planned to:
- Identify other involved individuals and entities.
- Analyse the fund flow and layering of illicit proceeds.
- Take necessary action against other immovable or movable properties linked to the fraud.
