ED attaches ₹85.19 crore in Dream Makers Global deposit scheme case (Coimbatore)
The Hindu reported on 1 November 2026 that the ED has provisionally attached about ₹85.19 crore in assets in its probe of Dream Makers Global Pvt Ltd, which allegedly took deposits promising high daily returns. These are allegations; the investigation continues.
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Source: thehindu.com · published
What happened
The Hindu reported on 1 November 2026 that the Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth about ₹85.19 crore in its investigation into Dream Makers Global Private Limited (DMGPL) and others under the Prevention of Money Laundering Act (PMLA), 2002. The investigation began with an FIR registered by the Economic Offences Wing (EOW), Coimbatore, under sections of the Indian Penal Code, the Tamil Nadu Protection of Interests of Depositors Act and the Banning of Unregulated Deposit Schemes Act. These are the ED's allegations, and the investigation is continuing.
How the scam works
According to the ED, DMGPL and its key managerial personnel allegedly collected money from thousands of depositors on the pretext of investing in software projects and packages, with promises of high daily returns and doubling of the investment in 150 days. While initial returns were paid, the company later defaulted, causing substantial losses to investors. That is a pattern often seen in deposit schemes. Early payments encourage depositors to put in more and to recommend the scheme to others.
The ED says that about ₹400 crore was credited to three principal bank accounts of the company. The funds were allegedly diverted through multiple accounts, cash withdrawals and payments to associates, and used to acquire properties, vehicles, gold ornaments and other assets. The agency also identified the diversion of money for personal benefit and heavy commissions paid to agents. It carried out searches and surveys at premises linked to the company on 30 June 2026, seizing documents and electronic devices.
A provisional attachment is a step to preserve assets while a case proceeds; it is not a finding of guilt. Anyone who put money into the scheme should watch for official notices from the investigating agencies about claims and should not pay anyone who offers to “recover” funds for a fee.
Source
The Hindu, “ED attaches assets worth ₹85.19 crore of Dream Makers Global in financial fraud case”, The Hindu Bureau, 1 November 2026.
Red flags
- Promises of high daily returns or doubling of money in a fixed period, such as 150 days.
- Investment pitched as “software projects and packages” with no clear product or licence.
- Early payments that encourage you to add more money or bring others in.
- Heavy commissions paid to agents for bringing in depositors.
- A company that is not registered to take deposits under the relevant Indian rules.
If you were targeted
- 1Be wary of any scheme that promises daily returns or doubled money, and check whether a company is allowed to accept deposits.
- 2Check the company with the RBI, SEBI and your state authorities before depositing money.
- 3If you invested in the company, follow official notices from the ED and the Economic Offences Wing about claims.
- 4Keep receipts, agreements and messages in case you need to file a complaint.
- 5Do not pay a fee to anyone who offers to recover your money.