New Delhi: The Enforcement Directorate (ED) has attached assets work over Rs 1 crore of a Buddhist Trust and his family, who allegedly duped gullible investors in lieu of giving them membership of a medical college.
Buddhist Welfare Trust, used to receive payments from the gullible members who were suppose to get lifetime membership in a medical college which was to be established by the said Trust. However, the said medical college was never established.
The total value of the attached properties is Rs 1.01 crore.
The ED said its probe found that the accused “used to cheat other members of the trust by giving false assurances that the trust would establish a medical college and donors would be given lifetime membership. They collected money from the members and accumulated a huge amount of money, which was later siphoned off from the account of the trust to the personal accounts of Surendra Kumar, his wife and daughter.”
“This money was used for their personal gains and to acquire movable and immovable properties in their personal names with an attempt to project them as untainted,” the ED alleged.
The assets belong to Buddhist Welfare Trust chairman Surendra Kumar, his wife Sita Kumari and their daughter Lipsa Kumar, it said in a statement.
The total value of the attached properties is Rs 1.01 crore.
