The Directorate of Enforcement (ED) office in Imphal has attached assets valued at around ₹33.66 crore in connection with an alleged large investment fraud case in Manipur. The case is linked to two companies — M/s Birla Emporium Pvt Ltd and M/s Ira Finance Pvt Ltd — and their director Yumnam Irabanta Singh. This is the second provisional attachment order issued in the matter. With this latest action, the total value of attached assets has now reached about ₹61.68 crore, the ED said in an official statement issued on January 1, 2026. The ED began its investigation based on an FIR filed earlier by the Manipur CID (Crime Branch). The FIR accused the company director of running an unauthorised investment and deposit scheme between 2019 and 2021, promising unusually high returns to the public.
According to investigators, around 5,000 investors deposited money with the companies during this period. However, after collecting large sums, the companies allegedly stopped repayments and failed to return the invested money.The ED said the activities caused heavy financial losses to investors and resulted in wrongful gains for those running the scheme.Officials also found that the companies were offering Loan Against Property (LAP) services. However, properties taken as security were allegedly transferred into the names of company directors and staff through sale deeds.The companies reportedly shut down operations in early 2020 without refunding depositors or settling dues.The ED further stated that income from the alleged fraud was used to purchase several properties, many of which have now been identified.
Before this latest order, the ED had already attached properties worth about ₹28.02 crore linked to the companies and their associates. A prosecution complaint seeking confiscation of these assets was filed before the Special PMLA Court in Imphal East in June 2025.During further investigation, the ED traced 121 more immovable properties registered in the names of the companies, the director, and his associates. These properties — valued at ₹33.66 crore — have now been provisionally attached as proceeds of crime. With this, the total provisional attachment in the case stands at ₹61.68 crore.
