The ED has begun restitution of confiscated properties worth ₹63.52 crore to 5,000 duped investors in the Lamjingba Finance case. Action follows a Special Court (PMLA) order in Imphal. Investigations also extend to another Manipur firm, Birla Emporium Pvt Ltd, for defrauding investors under a similar illegal deposit scheme.
In a move towards investor justice, the Directorate of Enforcement (ED) has commenced the restitution process of confiscated properties worth ₹63.52 crore in the high-profile Lamjingba Finance scam case in Manipur. The move follows a recent directive from the Special Court (PMLA), Imphal East, paving the way for nearly 5,000 cheated investors to recover a portion of their lost funds.
The ED’s Imphal Sub-Zonal Office began executing the court-ordered restitution on July 15, 2025. The case revolves around Lamjingba Group of Companies, led by Sanasam Jacky Singh, which had been operating a fraudulent investment scheme that promised unrealistic returns, ultimately duping thousands of unsuspecting individuals.
According to the ED, the restoration process includes the sale of attached movable and immovable properties to reimburse the affected investors. An official statement clarified that the claims of nearly 5,000 investors have been recorded, and restitution will be processed through auctioning the attached assets.
In March 2023, the ED filed a prosecution complaint before the Special Court (PMLA) against Sanasam Jacky Singh, M. Robindro Singh, and the Lamjingba Group of Companies. The complaint sought the confiscation of properties worth ₹63.52 crore. The investigation revealed that the funds collected under the pretext of investment were channeled into acquiring various personal and commercial assets.
Based on seven FIRs lodged by Manipur Police, the ED initiated its investigation into Sanasam Jacky Singh and associates. Singh was subsequently arrested, and his assets, both movable and immovable, were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.
Initially, 60 investors filed a petition with the Special Court (PMLA), Imphal East, requesting the return of confiscated properties. Following the March 21, 2025 court order, a public notice was issued in two newspapers, inviting more claims under Rule 3(A) of the Prevention of Money Laundering (Restoration of Property) Rules, 2016. As a result, approximately 5,000 investors submitted their claims to the court.
The ED also informed that a supplementary prosecution complaint has been filed seeking the confiscation of additional properties valued at ₹1.87 crore, which had earlier been provisionally attached.
In a related development, the ED has widened its probe to another Manipur-based firm, M/s Birla Emporium Pvt. Ltd., and its director Yumnan Irabanta Singh. A supplementary prosecution complaint has been filed against Singh and others under the PMLA in connection with another alleged scam involving the cheating of 5,000 investors.
The second case, initiated based on FIRs by Manipur’s CID (Crime Branch), alleges that M/s Birla Emporium Pvt. Ltd. and its associate firm M/s Ira Finance Pvt. Ltd. lured investors into illegal deposit schemes with promises of high returns—similar in nature to the Lamjingba case.
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These cases have underscored the growing concern over fraudulent financial schemes targeting gullible investors in the northeastern state. The ED has reiterated that further investigations are ongoing and more actions could follow.
The restitution marks a critical milestone for the victims of these financial scams, offering a ray of hope for thousands who had lost their hard-earned savings. The central agency’s efforts demonstrate the use of judicial tools under PMLA to not only punish financial fraudsters but also ensure that justice reaches those who suffered due to economic crimes.
