AHMEDABAD: The Ahmedabad zonal unit of Enforcement Directorate (ED) on Friday filed prosecution in two money laundering cases against seven persons and one company under prevention of money laundering act (PMLA).

In the Rs 12 crore Ponzi scheme fraud case, ED filed prosecution against V G Dutta, Amrish Choudhary, Monica Choudhary and Achint Infracon Pvt Ltd. The three accused in 2011 had fooled people into investing in their firms promising returns of 7%. The trio had set up several fake firms including Ablaze Green, Ablaze Fincap and Ablaze Stockbroker. Earlier this week, ED had attached three shops and office in Galaxy Bazar in Bodakdev which is estimated to be worth Rs 1.5 crore.

In another case, ED filed prosecution against Manju Gupta, Dinesh Gupta, Chandrakant Mehta and Jatin Shah in Rs 58 lakh fraud case. The accused were running the company Oasis Media Matrix Ltd (OMML) and through the company's public offer they had made money worth Rs 58 lakh and invested in various properties.

In 2010, Securities and Exchange Board of India (SEBI) had registered a case against OMML. The company had made public offer in 1996 and sold around 39.43 lakh shares. The company reissued partly paid shares in 2010 without obtaining the prior permission of company law board and fudged around Rs 58 lakh.