ED Seizes Properties Worth ₹1.11 Crore Linked to Vijish Varghese and Surya Thara George Under PMLA

Ernakulam (Kerala), [India], May 10 (ANI): The Enforcement Directorate has begun investigations into (
ED
)
Cochin
The Zonal Office has temporarily seized assets valued at Rs 1.11 crore related to these properties.
Vijish Varghese
and
Surya Thara George
under the
Anti-Money Laundering Act
(
PMLA
), 2002.

“Directorate of Enforcement (
ED
),
Cochin
The Zonal Office has temporarily seized immovable assets valued at approximately Rs. 1.11 crore belonging to them.
Vijish Varghese
and Smt.
Surya Thara George
W/o of
Vijish Varghese
under the provisions of
Anti-Money Laundering Act
(
PMLA
), 2002,” according to an Enforcement Directorate statement.

ED
commenced an inquiry following the registration of a First Information Report (FIR) at the Pathanamthitta Police Station, covering several sections of the Indian Penal Code, 1860, along with violations of the Prevention of Corruption Act, 1988.

The First Information Report indicates that the suspect,
Vijish Varghese
As a clerk at Canara Bank’s Pathanamthitta Branch II, the individual embezzled approximately Rs 8.13 crore via 191 transactions spanning from December 6, 2019, to February 2021, according to the statement released.

These dealings took place across multiple accounts under his ownership as well as those registered in the names of his spouse and her father.
Vijish Varghese
utilized the login details of the Assistant Manager at a branch to execute these illicit transactions. A substantial amount of the embezzled money was redirected into stock market investments.

”
ED
investigation revealed that
Vijish Varghese
The statement indicated that they were discovered holding proceeds from criminal activities (POC) and had used these funds themselves via cash withdrawals, even employing some to repay their debts.

Therefore, the real estate assets registered in the name of
Vijish Varghese
His wife’s assets, along with his own, totaling approximately Rs 1.11 crore have been temporarily seized as they were acquired through illicit activities linked to the offenses mentioned in the chargesheet.

Ongoing investigations are currently underway. (ANI)