New Delhi, June 21 (IANS) In a significant breakthrough, the Delhi Police have arrested two accused persons in a major online investment fraud case involving cheating of approximately Rs 80 lakh on the pretext of high returns from stock market investments. During the investigation, stocks worth around Rs 25 lakh were also frozen, and a detailed money trail has been established linking the accused to multiple beneficiary accounts.According to the press release issued by the police, “The complai…
Latest Financial Investigation News & Updates
Ahmedabad, June 18 (IANS) The Enforcement Directorate (ED) on Thursday provisionally attached immovable properties worth approximately Rs 2 crore in connection with a disproportionate assets case involving a Western Railway employee, following an investigation into the alleged acquisition of wealth beyond known sources of income.The action was taken by the Ahmedabad Zonal Office of the agency under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The case pertains to Prashan…
Kochi, Feb 6 (IANS) The Enforcement Directorate (ED) conducted searches at 10 premises across Kerala and Tamil Nadu and froze assets and properties worth Rs 44.5 crore in connection with an investment fraud case, an official said on Friday.The action was undertaken in connection with the investigation into the alleged cheating and misappropriation of investor funds by Nedumparambil Credit Syndicate (NCS), Kerala, and its associated group concerns controlled by Raju George and his family members,…