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Informative

Enforcement Directorate Arrests Promoter of Suumaya Group for Large-Scale Money Laundering.

Update / Judgement Date

19 Nov 2025

Source

WCP News Bulletin

Author

Sakshi Bhardwaj — WCP Legal Desk

Reading Time

2 min read

Financial ManagementOther Legal Matters
Enforcement Directorate Arrests Promoter of Suumaya Group for Large-Scale Money Laundering.
WCP News Bulletin
Headnote:

The Enforcement Directorate (ED) has arrested Ushik Gala, promoter of the Suumaya Group, in connection with a large-scale money laundering operation involving bogus government contracts, fraudulent trade financing, and circular transactions exceeding ₹5,000 crore. The probe reveals manipulation of turnover, diversion of funds through shell entities, and artificial inflation of stock value to mislead investors.


Background of Investigation:
  1. ED initiated investigation based on an FIR by Worli Police Station, later taken over by EOW Mumbai.
  2. The FIR named M/s Dentsu Communications India Pvt. Ltd., Suumaya Industries Ltd., its promoters, and others.
  3. Allegation: Embezzlement of ₹137 crore under the pretext of offering future benefits through a supposed Need to Feed programme.


Key Findings of ED Probe:
  1. Suumaya Group, along with certain employees of M/s Dentsu India, allegedly fabricated a bogus Haryana government contract under the Need to Feed programme to secure trade financing fraudulently.
  2. The group presented non-existent business operations as legitimate turnover to obtain funds.
  3. Funds received by Suumaya entities were diverted via Delhi- and Haryana-based dummy agro-traders through an intermediary.
  4. No real agro purchases were made. Instead:
  5. Funds were returned to Ushik Gala in the form of cash and RTGS transfers from shell entities.
  6. Suumaya allegedly generated fake invoices and lorry receipts to depict massive trade volumes.
  7. Circular transactions worth ₹5,000 crore were executed, of which only 10% were genuine.
  8. This artificially boosted Suumaya’s turnover from ₹210 crore to ₹6,700 crore in just two years.
  9. The inflated turnover resulted in a significant surge in share price, misleading investors in its listed group companies.


Search & Seizure Operations:

ED previously conducted searches at 19 locations across Mumbai, Delhi, and Gurgaon.

Seizures included:

Movable assets

Large volumes of financial records

Digital documents

Evidence of money laundering and fund diversion


Status:
  1. Ushik Gala arrested on 17.11.2025 under Section 19 of PMLA.
  2. Remanded to ED custody till 24.11.2025.
  3. Further investigation is ongoing.

Date: 20 November 2025

Agency: Directorate of Enforcement (ED), Mumbai Zonal Office

Law Invoked: Section 19, Prevention of Money Laundering Act (PMLA), 2002

Person Arrested: Ushik Gala, Promoter – Suumaya Group of Companies

Custody: Remanded to ED custody till 24.11.2025