Enforcement Directorate initiates attachment of Rs 37.5 crore Dubai assets of Vinod Khute, linked to Ponzi scheme and forex scam.
The Enforcement Directorate (ED) has initiated the attachment of overseas assets worth Rs 37.5 crore of Dubai-based businessman Vinod Khute, owner of VIPS Group of Companies and M/s Global Affiliate Business company based in Pune, in a money laundering case linked to a Ponzi scheme and forex trading scam. The assets include immovable properties consisting of various flats worth Rs 37.5 crore located in Dubai belonging to Vinod Khute. The ED's investigation is based on an FIR registered by Bharti Vidyapeeth Police Station, Pune, under various sections of the Indian Penal Code against Vinod Khute and others.
March 13, 2024
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