Enforcement Directorate provisionally attached assets worth ₹84.24 crore in a KBC Multitrade Pvt Ltd MLM scheme case under PMLA 2002.
Enforcement Directorate (ED) provisionally attached assets worth ₹84.24 crore in a multilevel marketing scheme case involving KBC Multitrade Pvt Ltd & Ors under PMLA 2002. Assets seized include benami properties, DEMAT accounts, post office savings, silver and diamond jewellery/bullion, and bank account balances. The ED investigation found that the Chavan family and co-accused principal agents of the company conspired to dupe investors of over ₹200 crore through an MLM scheme.
March 21, 2024
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