ED Seizes ₹35.22 Cr Assets in Suumaya-Dentsu ₹137 Cr Fraud Probe

• The ED has provisionally attached assets worth ₹35.22 crore belonging to Suumaya Group and its promoters in an alleged ₹137 crore money laundering case.
• The investigation, initiated based on an FIR by Mumbai's Worli Police, targets financial fraud, market manipulation, and diversion of investor funds.
• Suumaya Group is accused of laundering funds through shell entities, circular transactions, and fictitious business operations, including a fake 'Need to Feed Programme'.
• The probe also scrutinizes transactions with Dentsu Communications India Pvt Ltd, with allegations of inflated turnovers and bogus contracts.
• Promoter Ushik Gala was arrested on November 17, 2025, and the ED conducted searches at 19 locations, seizing cash, foreign currency, and gold bars.

Why It Matters: ED attaches ₹35.22 crore assets in Suumaya-Dentsu fraud case, probing ₹137 crore money laundering.