ED seizes luxury cars, Rs 78 lakh in Debock Industries scam raids

New Delhi [India], July 7(ANI): The Directorate of Enforcement (ED), Jaipur Zonal Office, conducted earch operation on Friday at everal location in Jaipur and Kota ditrict of Rajathan under the proviion of the Prevention of Money Laundering Act (PMLA), 2002, in the cae of the Debock Indutrie Ltd (DIL) Scam, aid the releae.

ED, Jaipur Zonal Office ha conducted earch operation on 04.07.2025 at everal location in Jaipur and Kota ditrict of Rajathan at the reidence and office premie of the Chairman i.e. Mukeh Mahavar alia Mukeh Manveer Singh of M/. Debock Indutrie Limited (a NSE lited… pic.twitter.com/zRbK6v6T8b

&mdah ED (@dir_ed) July 7, 2025

The earche have been conducted at the reidence and office of the Chairman, i.e. Mukeh Mahavar alia Mukeh Manveer Singh of Debock Indutrie Limited (a NSE-lited company), and hi aociate.
ED initiated an invetigation baed on an FIR regitered by the Rajathan Police againt Abhihek Khandelwal, Najiya Bano and other, and a Proecution Complaint filed by the SEBI againt Debock Indutrie Limited, Mukeh Manveer Singh, Sunil Kalot and Priyanka Sharma. The company undertook a right iue of hare in June 2023 and collected a um of R 49.09 Crore.
A per the releae, during the PMLA invetigation, it wa dicovered that thee individual had inflated hare price and cheated gullible invetor for their peronal gain. DIL manipulated it financial tatement, ubmitted fale bank account, reported fake ale and purchae, did round-tripping of fund and migrated to the main board of the National Stock Exchange for the iuance of right hare.
Further, the entire proceed collected from the iue of right that hould have been ued for legitimate buine purpoe have been iphoned off by the promoter and their aociate.
During the earch operation, it wa dicovered that the upect had appointed their low-level employee a Director to milead the tock exchange. Furthermore, prima facie, it i found that the Director had iphoned off monie to overea entitie, diverted thi money, and inveted in real etate.
Furthermore, the ED ha eized R. 78 lakh in unaccounted cah, along with four high-end luxury car, including a Roll-Royce Phantom, a Bentley Mulanne, a Mercede-Benz G-Wagon (Brabu), and a Toyota Land Cruier.
During the earch, variou incriminating document related to invetment in propertie, banking record, and digital device have been eized.

Further invetigation i under progre. (ANI)