The Enforcement Directorate has arrested two people who allegedly masterminded the “illegal” sale of prime properties belonging to the Spiritual Regeneration Movement Foundation of India. | Photo credit: PTI
The Enforcement Directorate has arrested two people who allegedly masterminded the “illegal” sale of prime properties belonging to the Spiritual Regeneration Movement Foundation of India (SRMF) by using forged documents and impersonating its office bearers, the agency said on Friday.
SRMF, a company incorporated in 1963 under the Companies Registration Act and associated with the teachings of Maharishi Mahesh Yogi, owns substantial real estate holdings in multiple states.
The accused have been identified as G. Ram Chandra Mohan and Akash Malviya. They were arrested following searches at several locations in Delhi and Uttar Pradesh’s Noida. The agency has frozen the bank accounts and movable assets of Singhvahini Infra Projects Private Limited and its directors for their alleged complicity in the scam.
Criminal conspiracy
The ED investigation is based on several cases registered in Uttar Pradesh, Madhya Pradesh and Chhattisgarh, on charges of criminal conspiracy, cheating, forgery, impersonation and breach of trust.
“G. Ram Chandra Mohan has been identified as the main conspirator and key controlling person. After fraudulently impersonating the Treasurer of SRMF in 2010, he created a fictitious entity with a similar name, obtained a fake PAN (later deactivated by the Income Tax Department as ‘Fake Assessee’) and illegally opened a bank account for channeling Crime.
Mr. Malviya, allegedly a close aide of Mr. Mohan, posed as an executive member of SRMF and assisted in carrying out the fraudulent sale negotiations as an authorized signatory, the ED said.
According to the agency, Singhvahini Infra Projects director Pradeep Singh was also involved in the “fraudulent transactions”. The ED added: “More significantly, immediately after the execution of the said sale deed, he proceeded to further alienate portions of the same property to third parties.”
Published – 15 May 2026 22:39 IST
