CCB seizes 5.2 cr, land papers in Ajmera fraud case

Investigating into the multi-crore Ajmera group fraud case, the Central Crime Branch (CCB) sleuths have seized Rs 5.2 crore cash from various bank accounts along with documents of immovable properties that runs into several crores recently.

According to the sleuths, as many as 950 investors have submitted their proof of investments so far. And based on this, the estimated amount of investment runs up to Rs 26 crore, the CCB sources said.

Property documents of 3.2 acres of a residential layout built by the accused in Mysuru worth Rs 20 crore have been recovered.

Also documents of 1.18 acres of land worth Rs 6 crore and a residential plot in Jayanagar worth Rs 2 crore have been seized.

Tabrez Pasha, one of the founders of the firm and his associates Tabrez-Ullah Shariff have been so far arrested. Efforts are on to arrest Dastagir Shariff, the prime accused, and other accused who are on the run.

The seized property documents and the cash is in the custody of CCB for further investigation.

The CCB has also requested those who are duped by the Ajmera group and have not approached the agency so far, to soon bring to their notice their investments with proof. The victims can directly meet ACP PT Subramanya, investigating officer, with their grievances, the sleuths said.