India seizes assets worth ₹394 crore linked to the 'Bikebot' Ponzi scheme, a fraudulent investment plan.

The Enforcement Directorate in India has attached assets worth over ₹394 crore connected to the 'Bikebot' Ponzi scheme, involving a fraudulent investment plan disguised as a bike taxi service. The assets, held by educational trusts, societies, and individuals, were seized under money laundering charges. The ED has previously attached ₹220.78 crore in assets and filed charges against 27 accused in the case.