Enforcement Directorate seizes Rs 24.41 crore from Vinod Khute linked to alleged money laundering and Ponzi scheme.
The Enforcement Directorate (ED) has seized Rs 24.41 crore in bank accounts linked to Vinod Khute, owner of the Pune-based VIPS Group of Companies and Global Affiliate Business Company. The assets are part of an alleged money laundering case. The ED has initiated an investigation based on an FIR filed by the Bharti Vidyapeeth Police Station in Pune, which implicates Khute and others in a Ponzi scheme and illegal forex trading. The seized assets include Rs 21.27 crore in 58 bank accounts and Rs 3.14 crore in deposits.
April 05, 2024
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