Guwahati, July 17 -- The Enforcement Directorate (ED) has filed a supplementary prosecution complaint (SPC) against Manipur-based firm Birla Emporium, its director Yumnam Irabanta Singh, and several others for allegedly deceiving around 5,000 investors, according to officials on Wednesday.

This action follows multiple criminal cases initiated by the Manipur CID (Crime Branch) against Singh, who also led another firm, Ira Finance.

Investigators found that between 2019 and 2021, Singh ran a fraudulent deposit scheme, enticing the public with the promise of high returns. Instead of investing the money, he reportedly diverted over Rs 250 crore for personal use.

The ED reported that Birla Emporium and Ira Finance ran unauthorized investment...