As part of an ongoing probe in the alleged Suumaya-Dentsu funds embezzlement case , the Enforcement Directorate visited multiple Dentsu offices including the agency’s Mumbai Office on December 10, leading the ED to seize Rs 46 Lakh in Indian Currency, Rs 4 Lakh equivalent foreign currency and gold bars amounting to Rs 3.4 Crore.
This investigation stems from an FIR filed by Mumbai Police against Dentsu Communications India and Suumaya Industries and its promoters under Prevention of Money Laundering Act with an alleged conspiracy being carried out under the guise of ‘Need to Feed’ program of the Haryana Government.
According to ED’s statement, the accused had never supplied any agro-product materials for such a program and instead created fake records like lorry receipts and invoices.
With regards to the same, Dentsu India has now released an official statement, “In 2021, we identified suspected fraudulent activity conducted by third parties and some of InDeed’s former employees against whom criminal complaints have also been filed. This activity was limited to the InDeed business only.”
“Three years ago, we proactively reported the matter to the relevant authorities and have been fully co-operating since. It is in connection with the same matter that the Enforcement Directorate (“ED”) visited Dentsu India’s office in Mumbai on December 10, 2024. The ED has not found or seized any properties from Dentsu’s premises,” it said.
Furthermore, the agency in its clarification also mentioned, “We take fraud and wrong-doing very seriously with a zero-tolerance policy towards any such behaviour. We will continue to co-operate with the authorities.”
