The ED has initiated a money laundering probe into a syndicate that allegedly forged documents to illegally sell properties of the Spiritual Regeneration Movement Foundation of India (SRMF), with fraudulent transactions valued at hundreds of crores.
In a major breakthrough, the Enforcement Directorate (ED) on Thursday launched extensive searches in a money laundering case against a syndicate accused of forging documents and impersonating office bearers to illegally sell prime properties of the Spiritual Regeneration Movement Foundation of India (SRMF). Officials, privy to the development, told ANI that the sensational case involves fraudulent land transactions worth over hundreds of crores, with the ED now zeroing in on the key conspirators after recording an Enforcement Case Information Report (ECIR) on May 7 this year.
Key Suspects and Investigation Details
The ED's preliminary investigations have identified G Ram Chandra Mohan and Akash Malviya as the principal suspects and alleged masterminds behind the elaborate conspiracy being probed by the ED under the Prevention of Money Laundering Act (PMLA), 2002. Despite being previously arrested (in FIR No. 328/2011) in Chhattisgarh, one of the two accused, the officials said, continued unlawful activities in active connivance with associates.
Searches Conducted Across Delhi-NCR
The searches were conducted at the premises of G Ram Chandra Mohan and Akash Malviya at H-244, Narayan Vihar, New Delhi; Singhvahini Infra Projects Pvt Ltd at C-282, Sector 100, Noida, Uttar Pradesh; Pradeep Singh (Director) at House No. 24, Judge's Colony, Sector 105, Noida; and at the premise of Ram Shyam.
Syndicate's Modus Operandi
SRMF, a society registered in 1963 under the Societies Registration Act and linked to the teachings of Maharishi Mahesh Yogi, owns substantial immovable properties across multiple states. However, the ED said, a group of accused persons allegedly used forged authority letters, fabricated resolutions, and fake seals to illegally sell these lands.
Case in Point: Noida Land Deal
In one striking instance (December 2025), a 3.3610-hectare prime land in Gejha Tilpatabad village, Noida (circle rate Rs 33.61 crore) was fraudulently sold by Akash Malviya using a fictitious entity with the identical name - "The Spiritual Regeneration Movement Foundation of India" - to Singhvahini Infra Projects Pvt Ltd for a declared consideration of just Rs 16 crore, far below the circle rate, said the ED officials.
Multiple FIRs Registered
At least seven FIRs have been registered across Uttar Pradesh, Madhya Pradesh, and Chhattisgarh, including: FIR No. 0049/2026 (Noida) - Same land sold again in Jan 2026 to Vaam Dev Pvt. Ltd; FIR No. 0642/2025 (Noida) - Fraudulent sale to Singhvahini Infra Projects; FIR No. 403/2025 (Dhar, MP) - Rs 3.48 crore forged sale using fake board resolution; FIR No. 0068/2024 (Shajapur, MP) - 39.96 hectares illegally sold; and FIR No. 328/2011 (Bilaspur, Chhattisgarh) - 75 acres sold via eight fake sale deeds with collusion of revenue officials.
"Despite multiple FIRs and prior arrests, the accused continued to indulge in illegal activities through successive fraudulent transactions, including repeated transfers of the same property to different buyers," added the officials. (ANI)
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