Imphal, Jan 8: 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 sale proceeds be restored to defrauded investors.
The order came in response to a petition filed by 60 investors, including Wahengbam Pratap Singh, who sought restitution from the assets seized and attached in the case. The petitioners, identified as victims of a fraudulent investment scheme floated by the Lamjingba Finance Group, requested that the proceeds from the auction be returned to claimants.
An official of the Enforcement Directorate (ED) said the court allowed the application, directing the auction of attached immovable properties and restoration of the proceeds to the investors.
According to the ED’s prosecution complaint, the Lamjingba Group—headed by accused Sanasam Jacky Singh—ran a fraudulent “investment/deposit scheme” promising unusually high returns, thereby cheating numerous investors.
The ED initiated the probe under the PMLA, 2002, following seven FIRs registered by Manipur Police. During the investigation, movable and immovable assets worth approximately ₹65 crore were attached. A prosecution complaint was filed on March 20, 2023, before the Special Judge (PMLA), Imphal East, Manipur, 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 further order dated December 29, 2025, the Special Judge (PMLA), Imphal East, directed that immovable properties held in the name of Sanasam Jacky Singh—including a hotel property and a residential flat in Gurugram, Haryana—be auctioned.
