The ED stated that an amount higher than the contract value was deposited in Jayasurya’s account and alleged that the money constituted proceeds of crime generated through fraud by the company’s owners.
File Photo: IANS
Malayalam actor Jayasurya has suffered a setback in the Save Box App fraud case, with the Enforcement Directorate (ED) attaching his immovable asset worth ₹39 lakh as part of its money laundering investigation.
The ED stated that an amount higher than the contract value was deposited in Jayasurya’s account and alleged that the money constituted proceeds of crime generated through fraud by the company’s owners.
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The agency said Jayasurya received payments of around ₹1 crore in connection with the Save Box App deposit fraud case.
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The money was transferred into the bank accounts of Jayasurya and his wife, Saritha Jayasurya. According to reports, the funds came from companies linked to Swadiq Rahim, who is reportedly the main accused in the case. Jayasurya had served as the brand ambassador of the Save Box App.
The ED has questioned Jayasurya twice in connection with the case. He may also be named as an accused once the final report is submitted before the court under the Prevention of Money Laundering Act (PMLA).
Swadiq Rahim, a native of Thrissur, launched the Save Box App in 2019. It was promoted as an online auction platform and described as the first of its kind in India.
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