Enforcement Directorate raids multiple locations in India to investigate a Rs 100 crore Ponzi scheme led by Vinod Tukaram Khute.
The Enforcement Directorate (ED) Mumbai conducted raids across Pune, Nashik, and Kolhapur to investigate a Rs 100 crore Ponzi scheme allegedly operated by businessman Vinod Tukaram Khute and his associates from Dubai. The ED seized cash, bank funds, fixed deposits, and jewelry worth Rs 5 crore and confiscated incriminating documents and digital devices. The investigation was initiated based on an FIR lodged by Bharti Vidhyapeeth Station, Pune, against Khute and others for duping and cheating people through Ponzi or multi-marketing schemes and forex trading platforms.
May 03, 2024
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