States » SouthPosted at: Feb 18 2026 8:13PM


ED attaches property worth Rs 39.01 lakh in money laundering case related to Save Box Concepts Pvt Ltd

New Delhi, Feb 18 (UNI) The Enforcement Directorate (ED), Kochi Zonal Office, on Wednesday said it has attached immovable property worth Rs 39.01 lakh in a money laundering case against Swathi Rahim, Managing Director of Save Box Concepts Pvt. Ltd., for allegedly defrauding investors.
The ED initiated a probe under the Prevention of Money Laundering Act (PMLA) on the basis of four FIRs registered by the Thrissur City East Police Station, Kerala, against Swathi Rahim and others under various sections of the Indian Penal Code (IPC).
The FIRs pertain to allegations that Swathi Rahim, as Managing Director of Save Box Concepts Pvt Ltd, cheated multiple investors by inducing them to invest money in the company with false promises of lucrative returns, issuance of company shares, partnerships or franchises in an online bidding application and related ventures, leading to misappropriation of funds.
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