The Directorate of Enforcement (ED), Jalandhar Zonal Office, has provisionally attached properties worth Rs 178.12 crore in its ongoing investigation against M/s Vuenow Marketing Services Ltd in the alleged Rs 2,200 crore cloud particle scam.
An order to provisional attach six immovable properties, balance in 73 bank accounts and 26 luxury vehicles was passed under the Prevention of Money Laundering Act.
The ED probe had revealed that the firm induced people to invest money in the guise of selling them cloud particles and leasing back those particles on the promise of high rental returns, without having any substantial infrastructure for it. The proceeds of crime were diverted to purchase luxurious vehicles, routing funds through shell entities.
ED attaches properties worth Rs 178 cr of IT infrastructure firm – The Tribune NY Times News Today.
Hence then, the article about ed attaches properties worth rs 178 cr of it infrastructure firm the tribune was published today ( ) and is available on NY Times News ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( ED attaches properties worth Rs 178 cr of IT infrastructure firm – The Tribune )
Also on site :