ED files supplementary chargesheet in Rs. 250 crore investors’ scam linked to Birla Emporium

The Enforcement Directorate (ED) has reportedly submitted a Supplementary Prosecution Complaint (SPC) under the Prevention of Money Laundering Act (PMLA) concerning the Birla Emporium Pvt Ltd case, which allegedly defrauded around 5,000 investors across Manipur .
According to NDTV’s Anushka Kumari, the ED’s Imphal Sub-Zonal Office lodged the SPC against Birla Emporium Pvt. Ltd, Ira Finance Pvt. Ltd, and their Director Yumnam Irabanta Singh, based on prior CID FIRs under various IPC sections. The agency alleges that, between 2019 and 2021, the firms ran illegal investment schemes promising high returns, ultimately causing estimated losses exceeding Rs. 250 crore.
The ED’s probe uncovered that the companies offered deposit schemes without proper authorization and extended “Loans Against Property” (LAP). Investors reportedly had their properties transferred to company directors and staff under executed sale deeds, without receiving promised funds when the firms abruptly shut operations in early 2020
Furthermore, the ED identified at least 85 immovable assets—including land and buildings—registered in the names of Birla Emporium, Yumnam Irabanta Singh, and associates, allegedly acquired with proceeds of crime. As part of the investigation, assets worth approximately Rs.28.02 crore were provisionally attached
A prosecution complaint seeking the confiscation of the attached assets was filed in the Special PMLA Court on June 6, 2025, according to official sources. The Enforcement Directorate continues further inquiry into the matter.