Enforcement Directorate seizes assets over Rs 29 crore linked to fraudulent investment website Pearlvine.com in a Money Laundering case.

Enforcement Directorate (ED) seizes assets worth over Rs 29 crore linked to Pearlvine.com, a fraudulent investment website that reportedly ran a Ponzi scheme across India. The action is based on a Money Laundering case originating from a First Information Report filed by the Criminal Investigation Department of Meghalaya Police, following a complaint by the Reserve Bank of India. The ED attached these assets under the Prevention of Money Laundering Act 2002. Pearlvine International, the operators of the website, targeted over 80 lakh members in India and abroad.

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