Assets price Rs 1.6 crore of a Kerala-based training group chairman and his household have been hooked up in a cash laundering case linked to the alleged distribution of pretend levels, the Enforcement Directorate (ED) mentioned on Friday.
A provisional order, underneath varied sections of the Prevention of Money Laundering Act (PMLA), has been issued in opposition to James George, the Chairman of Modern Group of Institutions situated in Kollam district, his spouse Seema James and Bharathiya Orthodox Church Religious and Charitable Trust, the central investigative company mentioned in a press release.
These eight immovable belongings are situated in Kollam, Alappuzha, Thrissur, Kannur and Wayanad districts of Kerala.
The ED claimed its probe discovered that James George was “engaged in forging certificates of various state universities”.
“He distributed such fake certificates to students and job seekers in lieu of cash payment and thus cheated them during 2012-2015,” the company alleged.
The training group promoter additionally “indulged in selling various fake diploma certificates of his Modern Group Institutes to job seekers and students against cash payment without conducting any course at his institutes during the said period”.
“The proceeds of this crime were invested in purchase of immovable properties…,” it mentioned.
The PMLA case in opposition to James George and his household is predicated on a Kerala Police FIR and a cost sheet filed in opposition to him previously.
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