<span style="color: #222222;">The Enforcement Directorate, ED has arrested the Director of a Jharkhand-based company for allegedly duping a number of investors of their hard-earned money by fraudulently offering them plots of land in the state. Shyam Kishore Gupta, director of Ranchi-based Sanjeevani Builcom Private Limited has been arrested under the Prevention of Money Laundering Act. The agency said the accused has induced the gullible investors to deposit money with the accused company for the purchase of plots of land and subsequently this money was siphoned off.<br />'' <br />'' The ED alleged that its probe conducted so far shows that Gupta, along with managing director of the company Jayanti Dayal Nandi and others, fraudulently lured a large number of persons by inducing them to purchase plots in Jharkhand. It said, deposits to the tune of about 80 crore rupees were received from these investors but possession of plots and flats was not given to them. The money received from investors was deposited into the bank accounts of the company and its directors. The agency said, Gupta and others used the investors' money to create various movable and immovable assets in their own names. The ED took over the probe in the case after studying a 2014 CBI FIR and a subsequent charge sheet against the accused firm and its executives.<br />'' <br />''ED said, the accused was produced before the Additional District and Sessions Judge under PMLA in Ranchi and was sent to 10 days custody to the agency.</span><br />