Rs 3,000 crore Ponzi scam accused denied bail

Tribune News Service
Panchkula, July 21

A Special Prevention of Money Laundering Act (PMLA) court of Panchkula yesterday cancelled the bail of an accused in the Rs 3,000 crore Ponzi scam case over forging a fake Covid report to avoid appearing before the court.

Non-bailable warrants were issued against him. The next date of hearing is August 25.

Ram Singh had moved an application before the court seeking exemption from appearing before the court, citing Covid infection. However, the special public prosecutor for the Enforcement Directorate opposed the move.

The ED said they had issued summons to Ram Singh, in response to which he shared a Covid report issued by Manglam Diagnostics, Jindal Hospital Road, Hisar, reflecting that he has been tested positive for Covid-19.

“On inquiry from the authorities of the diagnostic centre, it was revealed that the accused Ram Singh was never tested positive for Covid, rather they had issued a negative test report to him,” the agency said.

“It appears to the court that accused Ram Singh has forged his medical report issued by Manglam Diagnostics, Jindal Hospital Road, Hisar, only to avoid interrogation by the ED,” the court ordered after hearing both parties.

The court also directed the reader to lodge an FIR against accused Ram Singh under relevant provisions in accordance with the law at the Sector 5 police station.

Bansi Lal and Radhe Shyam, directors of the Future Maker Life Care Private Limited, are among other accused in the case.

In January this year, the Enforcement Directorate (ED) had filed a chargesheet against the accused, attaching assets worth Rs261.35 crore consisting of properties across Chandigarh, Delhi, Hisar, Adampur and Kulam, along with bank balance and cash.

The ED, in its statement during the filing of the chargesheet, had stated that Radhe Shyam and Bansi Lal, both residents of Haryana, had floated companies in the name of Future Maker Life Care Pvt Ltd and FMLC Global Marketing Pvt Ltd.

The case had caught ED’s attention when multiple FIRs had been registered against the accused in Haryana as well as Telangana under sections of cheating, criminal conspiracy and sections of prize chit and money circulation for cheating lakhs of people.

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