The Enforcement Directorate (ED) carried out simultaneous searches at six locations connected to a large Ponzi scheme, as part of its ongoing investigation. The sites included offices and residential premises of the alleged promoters and investors. The operation is part of a broader probe into the fraud, which is said to have defrauded thousands of victims. Authorities are collecting evidence and preparing to arrest suspects linked to the scam.
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ED Conducts Six-Location Search in Ponzi Scam Probe
The Enforcement Directorate carried out simultaneous searches at six sites linked to a large Ponzi scheme, aiming to gather evidence and apprehend suspects. The operation targeted offices and residences of alleged promoters and investors involved in the fraud, which has reportedly defrauded thousands of victims. Authorities continue to investigate the case as part of a broader crackdown on financial scams.
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ED Conducts Six-Location Search in Ponzi Scam ProbePhoto via timesofindia.indiatimes.com
