The Enforcement Directorate (ED) has arrested two alleged masterminds in a major money laundering and land fraud case involving the fraudulent sale of properties linked to the Spiritual Regeneration Movement Foundation of India (SRMF), a charitable trust associated with late spiritual leader Mahesh Yogi. Investigators claim the accused used forged documents, fake entities, and fabricated authorisation records to unlawfully sell trust properties worth hundreds of crores across multiple states.
ED Arrests Key Accused After Multi-State Searches
According to the ED, the accused — G. Ram Chandra Mohan and Akash Malviya — were arrested following extensive search operations conducted across Delhi-NCR, Uttar Pradesh, Madhya Pradesh, and Chhattisgarh on May 14 and 15. Both have reportedly been remanded to ED custody by a special court at Patiala House Courts in New Delhi.
The investigation stems from multiple FIRs alleging cheating, forgery, impersonation, and criminal breach of trust linked to the illegal sale of SRMF-owned properties. The ED registered an Enforcement Case Information Report (ECIR) on May 7, 2026, under provisions of the Prevention of Money Laundering Act (PMLA).
Registration Begins for FutureCrime Summit 2026, India’s Largest Cybercrime Conference
Fake Trust Entity and Forged Documents Under Scanner
Investigators alleged that the accused falsely projected themselves as authorised office bearers of the original SRMF and used forged powers of attorney, fabricated board resolutions, and counterfeit authorisation letters to execute fraudulent land sales.
According to the ED, Mohan allegedly created a fictitious organisation with a name similar to SRMF after fraudulently portraying himself as the trust’s treasurer in 2010. Authorities claimed he obtained a fake PAN card — later reportedly deactivated by the Income Tax Department as a “fake assessee” — and opened bank accounts to route proceeds generated from the disputed transactions.
Akash Malviya allegedly impersonated an executive member of SRMF and assisted in executing fraudulent sale deeds as an authorised signatory, investigators claimed.
ED Probing Multi-Crore Property Transactions
One of the major transactions under scrutiny reportedly involves around 3.36 hectares of land in Noida’s Gejha Tilpatabad village. Investigators suspect the land, allegedly valued at more than ₹33 crore at circle rates, was sold at a significantly lower amount using a fake entity resembling the original trust name.
Authorities are also examining allegations that certain SRMF-linked properties may have been sold multiple times to different buyers through forged records and manipulated ownership documents. Officials believe the alleged syndicate operated through a structured network spanning several states.
Assets Frozen, Money Trail Under Investigation
The ED has issued freezing orders against bank accounts and movable assets linked to Singhvahini Infra Projects Pvt Ltd and its directors for alleged involvement in the case. During searches, investigators reportedly froze fixed deposits, lockers, and high-end vehicles including a Toyota Hybrid, Land Rover Defender, and Mahindra Thar Roxx.
Officials are now examining the money trail, shell companies, and possible benami investments allegedly linked to the fraudulent land transactions. Investigators indicated that additional beneficiaries and associates connected to the alleged network may also come under scrutiny as the probe progresses.
