CHENNAI: The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth approximately Rs 85.19 crore in connection with an alleged investment fraud involving Dream Makers Global Pvt Ltd (DMGPL), which collected money from thousands of depositors by promising high daily returns and doubling their investments in 150 days.The ED initiated its investigation based on an FIR registered by the Economic Offences Wing (EOW), Coimbatore, under various sections of the Indian Penal Code, 1860, the Tamil Nadu Protection of Interests of Depositors (in Financial Establishments) Act, 1997, and the Banning of Unregulated Deposit Schemes Act, 2019.According to the ED, DMGPL and its key managerial personnel collected huge sums from thousands of depositors in the guise of investments in software projects and packages, promising high daily returns and doubling of investments within 150 days.While returns were initially paid, the company subsequently defaulted, resulting in substantial losses to depositors. The funds were allegedly diverted and misappropriated.The investigation revealed that approximately Rs 400 crore collected from investors and depositors was credited to three principal bank accounts of DMGPL.The money was subsequently routed through multiple bank accounts held by the company, its key personnel, agents, franchisees and associated business entities through inter-account transfers, cash withdrawals and payments to associates.The agency also identified the acquisition of immovable properties, vehicles, gold ornaments and other assets using the funds.Heavy commissions paid to agents and diversion of money by key persons for their personal benefit were also detected, the ED said.As part of the investigation, the ED had conducted searches and surveys on June 30, 2026, at residential and business premises linked to DMGPL and associated persons and entities.Documents, electronic devices and other records relevant to the investigation were seized.
