The Directorate of Enforcement (ED), Jaipur has provisionally attached movable and immovable properties worth Rs 7.72 crore under the Prevention of Money Laundering Act (PMLA) in connection with the multi-crore Adarsh Credit Co-operative Society scam.
The action, taken on February 12, 2026, follows FIRs registered by the Special Operations Group (SOG), Rajasthan Police, against M/s Adarsh Credit Co-operative Society Ltd and others. The probe alleges that key accused Mukesh Modi and Rahul Modi, along with associates, siphoned off thousands of crores collected from investors by promising abnormally high returns.
According to the ED, funds were diverted through unsecured loans, ex-gratia payments to family members, agency commissions to related firms, speculative share trading, and investments in real estate and other businesses linked to the Modi family.
The investigation has identified proceeds of crime worth approximately Rs 3,830.06 crore. So far, the ED has attached assets worth Rs 2,176 crore through four earlier provisional attachment orders. A prosecution complaint and supplementary complaint against 139 accused have already been filed before the Special PMLA Court in Jaipur. Further investigation is underway.
