PANAJI
The Directorate of Enforcement (ED), Goa, has provisionally attached immovable property worth Rs 3 crore in connection with a case of fraudulent investment schemes allegedly operated by Myron Rodrigues, the prime accused in Rs 100-crore share market fraud case, and others.
The provisional attachment, under the provisions of the Prevention of Money Laundering Act (PMLA), was carried out on February 18, 2026.
As per details shared by the ED, the probe was initiated based on FIRs registered by the Economic Offences Cell of the Goa Police and the MHB Colony Police Station, Mumbai, under Sections 406 (criminal breach of trust) and 420 (cheating) of the Indian Penal Code, 1860.
“The investigation revealed that Myron Rodrigues and his associates induced multiple investors to part with funds on assurances of high and guaranteed returns in the stock market and other business ventures. Substantial sums were collected through RTGS, NEFT and other banking channels. The funds were dishonestly retained and diverted for personal use, including the acquisition of assets,” the ED said.
The agency further revealed that its probe under the PMLA unearthed a generation of proceeds of crime amounting to Rs 14.82 crore approx. The proceeds were allegedly used to acquire bank deposits, fixed deposits and immovable properties, which were projected as untainted assets to conceal their illicit origin.
Earlier, the ED had issued a Provisional Attachment Order dated November 25, 2024, attaching movable and immovable properties valued at approximately Rs 2.98 crore in the same case. With the present attachment of properties worth Rs 3 crore, the cumulative value of assets attached in the matter has risen to about Rs 5.98 crore. Further investigation is in progress.
The Interpol had issued a Red Corner Notice against Myron in mid-last year and he is reportedly hiding in London. A Blue Corner Notice was earlier issued against him, despite which he managed to remain on the run.
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