Enforcement Directorate (ED) provisionally attached properties worth Rs 5.35 crore of Hello Ride Limited under PMLA, 2002, related to a bike-taxi scheme investigation.

Enforcement Directorate (ED) provisionally attached properties worth Rs 5.35 crore belonging to Hello Ride Limited, its directors, presidents, agents, and others under PMLA, 2002. The properties include agricultural lands and residential plots in Uttar Pradesh. The ED investigation was initiated based on multiple FIRs against Abhay Kumar Kushwaha and others for operating a bike-taxi scheme under Hello Ride, which allegedly used proceeds for property purchases. The total attachment now stands at Rs 7.73 crores, with further investigation ongoing.

June 26, 2024
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