Ponzi Scam Investigation

ED Raids Multiple Maharashtra Locations In Connection With Rs 100 Crore Ponzi Scheme

The Directorate of Enforcement (ED), Mumbai, undertook search operations across several sites in Pune, Nashik, and Kolhapur on Thursday, targeting businessman Vinod Tukaram Khute, his family members, and associates allegedly involved in Ponzi schemes and illegal forex trading platforms based in Dubai, according to an ED press release. During these...

ED Seizes Raj Kundra’s Assets Worth Rs 97.79 Crore in Bitcoin Ponzi Scam Investigation

The Enforcement Directorate (ED) has seized businessman Raj Kundra's immovable and movable properties amounting to Rs 97.79 crore in connection with a bitcoin ponzi scam under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. This significant development includes the attachment of a flat in Juhu registered under...