The Directorate of Enforcement (ED), Chennai Zonal Office-II, has provisionally attached movable and immovable assets worth approximately ₹85.19 crore in the investigation against M/s Dream Makers Global Private Limited (DMGPL) and others under the Prevention of Money Laundering Act (PMLA), 2002. The investigation was initiated based on an FIR registered by the Economic Offences Wing (EOW), Coimbatore, under various sections of the Indian Penal Code, the Tamil Nadu Protection of Interests of Depositors Act and the Banning of Unregulated Deposit Schemes Act.
According to the ED, DMGPL and its key managerial personnel allegedly collected money from thousands of depositors under the pretext of investment in software projects and packages with promises of high daily returns and doubling of investments in 150 days. While initial returns were paid, the company later defaulted, resulting in substantial losses to investors.
The investigation revealed that approximately ₹400 crore was credited to three principal bank accounts of DMGPL. The funds were allegedly diverted through multiple accounts, cash withdrawals and payments to associates, besides being used to acquire properties, vehicles, gold ornaments and other assets. Diversion of funds for personal benefits and payment of heavy commissions to agents were also identified.
The ED conducted searches and surveys at premises linked to the company on June 30, 2026 seizing documents and electronic devices. Further investigation is under way.
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Published – November 01, 2026 12:04 am IST
