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  India   All India  17 Aug 2019  Ponzi scheme: ED seizes Rs 261 crore assets of Haryana firm

Ponzi scheme: ED seizes Rs 261 crore assets of Haryana firm

ANI
Published : Aug 17, 2019, 5:27 pm IST
Updated : Aug 17, 2019, 5:27 pm IST

Future Maker Life Care Pvt Ltd, a private firm has been booked under the Prevention of Money Laundering Act (PMLA).

The probe officials have attached residential plots, agricultural lands and residential units belonging to this private firm.  (Photo: Representational Image)
 The probe officials have attached residential plots, agricultural lands and residential units belonging to this private firm. (Photo: Representational Image)

New Delhi: The Enforcement Directorate (ED) on Saturday said that it has attached assets worth Rs 261 crore of a Haryana-based multi-level marketing group, which is accused of cheating investors with a Ponzi scheme.

Future Maker Life Care Pvt Ltd, a private firm has been booked under the Prevention of Money Laundering Act (PMLA).

 

The probe officials have attached residential plots, agricultural lands and residential units belonging to this private firm.

Apart from the immovable properties, bank accounts and its associate companies have also been attached.

Last month, the ED attached assets worth Rs 200 crores of a private company in New Delhi that allegedly perpetrated Ponzi schemes and cheated investors.

Several properties including flats, factories, hotels, amusement park, tea estate, office spaces registered in the name of 16 different companies of Basil International Limited (BIL) in Assam, West Bengal, Odisha, Jharkhand, Uttar Pradesh, Tripura, Maharashtra were attached under provisions of Prevention of Money Laundering Act (PMLA).

 

Tags: enforcement directorate, prevention of money laundering act
Location: India, Delhi, New Delhi