Written by Atri MitraSeptember 27, 2025 06:37 PM IST 2 min read“Directorate of Enforcement (ED), Kolkata Zonal Office, has provisionally attached 212 immovable properties valued at over Rs. 155 Crore on 24.09.2025The Enforcement Directorate (ED) Wednesday attached properties worth Rs 155 crore in connection with the ongoing investigation against M/s LFS Broking Pvt Ltd and its related companies and individuals under the Prevention of Money Laundering Act (PMLA), 2002.On Saturday, ED gave a press release stating, “Directorate of Enforcement (ED), Kolkata Zonal Office, has provisionally attached 212 immovable properties valued at over Rs. 155 Crore on 24.09.2025… The properties attached include parcels of land, apartments, hotels, resorts, and factory plots located across multiple districts in West Bengal and other states.”It further stated, “These assets were identified during investigation as Proceeds of Crime derived from the fraudulent mobilization of over Rs. 1600 Crore from investors, who were misled with false promises of assured high returns through various entities controlled by the accused persons. ED initiated investigation on the basis of FIRs registered by West Bengal Police under various sections of IPC, 1860 against LFS Broking, Saiyad Jiyajur Rahaman & others. Further, multiple FIRs have also been registered against Saiyad Jiyajur Rahman and LFS group in the states of Gujarat, Odisha and Maharashtra.”The ED investigation revealed that the alleged masterminds, including Saiyad Jiyajur Rahaman, Dilip Kumar Maity, Md Anarul Islam and their accomplices, operated illegal investment schemes by manipulating SEBI registration certificates, and used a web of entities to amass and divert investor funds in the name of providing guaranteed monthly returns ranging from 2-3 per cent on their investments.The release said, “The accused persons operated the illegal business under the guise of M/s LFS Broking Pvt. Ltd., a company registered with SEBI for share broking and other investment activities. However, they knowingly floated several other firms bearing names similar to M/s LFS Broking Pvt. Ltd. Investors were misled into believing that they were investing in the SEBI-registered company, whereas funds were actually diverted to similarly named firms such as LFS Broking and PMS Services, and others.”Earlier, the ED had arrested six persons in the case, including Rahaman. The arrested persons are currently in judicial custody. Further, a prosecution complaint has also been filed in this case against 10 accused persons before a special court in Kolkata.Atri Mitra is a Special Correspondent of The Indian Express with more than 20 years of experience in reporting from West Bengal, Bihar and the North-East. He has been covering administration and political news for more than ten years and has a keen interest in political development in West Bengal. Atri holds a Master degree in Economics from Rabindrabharati University and Bachelor's degree from Calcutta University. He is also an alumnus of St. Xavier's, Kolkata and Ramakrishna Mission Asrama, Narendrapur. He started his career with leading vernacular daily the Anandabazar Patrika, and worked there for more than fifteen years. He worked as Bihar correspondent for more than three years for Anandabazar Patrika. He covered the 2009 Lok Sabha election and 2010 assembly elections. He also worked with News18-Bangla and covered the Bihar Lok Sabha election in 2019. ... Read MoreStay updated with the latest - Click here to follow us on Instagram© The Indian Express Pvt LtdTags:Directorate of Enforcement