IMPHAL, Jan 9: The Special Judge under the Prevention of Money Laundering Act (PMLA), 2002, at Imphal has ordered the auction of immovable properties belonging to the Lamjingba Finance Group of Companies, directing that the proceeds be restored to investors who were defrauded under a fraudulent investment scheme.
The order followed a petition filed by 60 investors, including Wahengbam Pratap Singh, seeking restitution from assets seized and attached in the case. The petitioners, identified as victims of the Lamjingba Finance Group’s deposit scheme, had requested that sale proceeds from the attached properties be returned to eligible claimants.
An official of the Enforcement Directorate (ED) said the court allowed the application and directed the auction of the attached immovable assets, with the proceeds to be distributed among investors.
According to the ED’s prosecution complaint, the Lamjingba Group, headed by accused Sanasam Jacky Singh, operated an “investment/deposit scheme” promising abnormally high returns, thereby cheating a large number of investors. The ED initiated its probe under the PMLA following seven FIRs registered by Manipur Police.
During the investigation, movable and immovable assets worth around ₹65 crore were attached. A prosecution complaint was filed on March 20, 2023, before the Special Judge (PMLA), Imphal East, against Sanasam Jacky Singh, the Lamjingba Group companies and others, seeking confiscation of the attached properties. Charges were framed against all nine accused on March 30, 2024.
In a subsequent order dated December 29, 2025, the PMLA court directed the auction of immovable properties held in the name of Sanasam Jacky Singh, including a hotel property and a residential flat in Gurugram, Haryana, to facilitate restitution to defrauded investors.
