The Enforcement Directorate’s Jalandhar Zonal Office issued a provisional attachment order on January 30, attaching assets valued at Rs 19.10 crore in connection with an ongoing money laundering investigation against the Vuenov group of companies. The assets include immovable properties, fixed deposits, and listed shareholdings linked to individuals and entities involved in the case.
In a related development, properties worth Rs 178.12 crore were provisionally attached on February 6, 2025, and Rs 73.72 crore was frozen during searches on August 14, 2025. The ED also made arrests, with Sukhvinder Singh Kharour, Dimple Kharour, and Arif Nisar being taken into custody in connection with the case.
The investigation, triggered by the ‘Cloud Rupees Scam’ or ‘Cloud Particle Scam’, involves allegations of a large-scale investment fraud orchestrated by Sukhvinder Singh Kharour. The scam, operating under the guise of a data center investment scheme, siphoned off funds from unsuspecting investors. The ED is diligently working to uncover the full extent of the fraud and protect the interests of those affected.
The fraudulent scheme, which collected billions from investors, was used to fund extravagant expenses and investments, including luxury items and properties. The ED’s ongoing probe aims to trace diverted funds and ensure justice for the victims of this elaborate financial deception.
