Sanasam Jacky sent to judicial custody
Source: The Sangai Express
Imphal, March 02 2023:
Chairman of Lamjingba Group of Companies, Sanasam Jacky, arrested for allegedly running a ponzi scheme, has been remanded to judicial custody till March 16 .
Sanasam Jacky (29) is son of (L) Kulla of Thoubal Kiyam Siphai.
A total of 8 FIR cases are registered against him in Imphal police station.
It may be noted that Sanasam Jacky was arrested by a team of ED (Enforcement Directorate) from Hotel Novotel in Kolkata on January 21 after searches were conducted at five different places in Manipur and two places in Gurugram the previous day.
He was produced before the Court of Chief Judicial Magistrate Imphal west and remanded to judicial custody on January 30 in a money laundering case.
While he was in judicial custody at Manipur Central Jail Sajiwa, Imphal police station filed an application before the same Court for making formal arrest in connection with 8 different FIR cases registered against him on February 13 and took custody the same day for interrogation.
Today, he was produced before the Court of the Chief Judicial Magistrate Imphal West after the completion of police custody period.
During the hearing today, the prosecution prayed for judicial custody of the accused while the defense counsel prayed for bail.
The Investigating Officer of the case through Additional Public Prosecutor submitted that accused Sanasam Jacky was formally arrested in connection with an FIR case registered against him based on a complaint lodged by 16 individuals.
The complaint accused Jacky of establishing a financial institute called Lamjingba Finance and lured people to invest money by promising an interest rate of 3 percent per month.
He however stopped/defaulted further payment from November 2021 onward and was missing after collecting a huge amount of money invested by the complainants.
The APP submitted that during interrogation, Sanasam Jacky disclosed that he had committed the alleged charges levelled against him and stated that he was the manager and also the chairman of the Lamjingba finance set up in 2017 at Nagamapal RIMS road.
After the 2nd wave of Covid in February 2021, there were some financial constraints in the Lamjingba Finance and his other companies and board members of Lamjingba decided to return investors' capital amount either in the form of cash or assets.
In the meantime, the office was shifted to Kwakeithel Mamang Konjeng Leikai Loukon.
The IO further submitted that Jacky also stated that he even published notices in the local newspapers regarding the return of capital investment to the investors.
There were some scuffles between investors and his staff and later the investors group formed the All Manipur Lamjingba Investors' Association (AMLIA) and approached the Board of the Lamjingba Group and demanded return of their investment amount.
Later, all the assets and liability of the Lamjingba Group of Companies were handed over to the secretary and president of AMLIA in presence of AMLIA legal advisor on April 21 last year at New Delhi and after that, AMLIA started to run the Lamjingba Group of Companies.
The Investigating Officer also submitted that further in the line of investigation efforts are being made to cause arrest of other co accused persons involved in the case and prayed the Court for judicial custody remand of Jacky.
The Court, on perusal of the case record and after hearing the submissions of the IO, remanded Sanasam Jacky to judicial custody till March 16 .
Also, the Court treated the bail application filed by Sanasam Jacky as a regular bail and fixed March 4 for hearing.
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