An official statement said that the ED began its investigation based on several FIRs filed by Mumbai Police against Jayesh Tanna, Deep Tanna, and others. These individuals are promoters of the Sai Group of Entities. Police have already filed chargesheets in most of these cases
The attached assets include agricultural land, residential flats, commercial shops, and a bungalow located in different areas of Mumbai and Ahilyanagar. Representational Pic/File
The Enforcement Directorate (ED) on Wednesday said that it has provisionally attached properties worth Rs. 33.89 crore belonging to Jayesh Vinodkumar Tanna, his family members, and associated firms under the Prevention of Money Laundering Act (PMLA), 2002.
The attachment was made by the ED’s Mumbai Zonal Office on June 10.
The attached assets include agricultural land, residential flats, commercial shops, and a bungalow located in different areas of Mumbai and Ahilyanagar (previously Ahmednagar) district of Maharashtra.
An official statement said that the ED began its investigation based on several FIRs filed by Mumbai Police against Jayesh Tanna, Deep Tanna, and others. These individuals are promoters of the Sai Group of Entities. Police have already filed chargesheets in most of these cases.
The ED’s investigation found that the Sai Group misused funds collected from buyers of flats and shops for personal use. These funds were meant for redevelopment projects in D N Nagar, Andheri, Kandivali, and Goregaon in Mumbai.
"Due of the mismanagement, the projects were not completed, causing a loss of about Rs. 85.75 crore to buyers, original society members (tenants), and investors," the statement said.
Earlier, on March 5, 2025, the ED had searched 9 locations in Mumbai related to the Sai Group and its promoters. During the search, they found several incriminating documents and details of illegally acquired properties, it said.
The investigation is still ongoing, the statement said.
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