ED files supplementary charge sheet in ₹15 crore illegal transfer case

The Enforcement Directorate (ED) has filed a supplementary charge sheet in an old case concerning the alleged illegal transfer of ₹14.95 crore from the Ambedkar Development Corporation. The ED stated that the corporation's funds were transferred to a fake current account opened at the State Bank of Mysore (now SBI) branch in HHL 2nd Stage, Bengaluru. The case involves the alleged transfer of three fixed deposits of ₹5 crore each, which were later transferred to private individuals' accounts and converted into cash. The ED has filed a supplementary charge sheet against Ayub Sayyad and four others, adding to the 25 individuals already charged in this case. Furthermore, ED officials have filed a prosecution complaint against three promoters of J LifeStyle Private Limited for allegedly collecting money under the guise of membership for a promotion and event organizing company.