What actions were taken by the Centre in the Pearlvine International case
Enforcement Directorate attaches assets worth ₹29.25 crore in Pearlvine International case.
1. Enforcement Directorate (ED) attached assets worth ₹29.25 crore in the Pearlvine International case.
2. The ED attached immovable properties including land, buildings, and bank balances.
3. The action was taken under the Prevention of Money Laundering Act (PMLA).
4. Pearlvine International was accused of running a Ponzi scheme and deceiving investors.
5. The attached assets were allegedly acquired using funds generated from the fraudulent scheme.
6. The ED's investigation aimed to track the flow of illegal funds and prevent money laundering activities.
7. The attachment of assets is a significant step in the enforcement agency's efforts to crack down on financial frauds and protect investors.
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8 months ago