Panaji : Enforcement Directorate’s Panaji zonal office has provisionally attached immovable properties worth Rs 3 crore under the provisions of the Prevention of Money Laundering Act (PMLA) in the case relating to fraudulent investment schemes operated by Myron Rodrigues and others.
This is second such provisional attachment order, and now the total properties attached stand at around Rs 5.98 crore.
ED said investigation has revealed that Rodrigues and others induced investors into investing funds on false assurances of high and assured returns in stock market and other ventures.
The probe agency had initiated the inquiry on the basis of FIRs registered by the economic offences cell (EOC) of the Goa Police and MHB Colony police station, Mumbai, pertaining to cheating and criminal breach of trust.
ED said that substantial amounts of money were collected through RTGS/NEFT and other banking channels and were dishonestly retained and diverted for personal use and the acquisition of assets. According to the agency, the investigation under the provisions of PMLA has revealed the generation of proceeds of crime amounting to around Rs 14.82 crore.
The said money was subsequently utilised in acquiring assets, including bank deposits, fixed deposits and immovable properties, and were projected as untainted assets in an attempt to conceal their illicit origin, ED said.
Earlier, the probe agency had issued provisional attachment order on November 25, 2024, provisionally attaching movable and immovable properties valued around Rs 2.98 crore.
With the present attachment on February 18, 2026 of properties valued at Rs 3 crore, the cumulative value of assets attached in this matter has now risen to around Rs 5.98 crore.
ED said that further investigation is under progress.
