India's ED attaches ₹110 crore in assets linked to a ₹2,863 crore Ponzi scheme by the Prayag Group, which defrauded nearly 39 lakh people.

The Enforcement Directorate has attached Rs 110 crore in assets, including 450 acres of land across West Bengal, Bihar, and Assam, in a money laundering case against the Prayag Group and its directors. The action, taken under the PMLA, follows a December 15, 2025, provisional attachment order and stems from a CBI investigation into a large-scale Ponzi scheme. The ED alleges the group illegally collected Rs 2,863 crore from nearly 38.7 lakh depositors through unapproved schemes, using funds to buy property, hotels, film projects, and for personal gain, leaving Rs 1,906 crore unpaid as of March 2016. Prosecution has been filed, and two directors remain in judicial custody.