The Enforcement Directorate has seized Rs 10 crore in the Ponzi scam from Bengaluru. Please tell that even before this, the ED has seized a huge amount on the charge of money laundering. Under this scam, the owner of the company cheated people. Ambassador Marketing Private Limited company is accused of cheating. In the year 2018, this case was very much in the news.
In a statement, the ED had said that the owner of this company cheated the public in the name of Halala schemes. Under this, the public promised to give 15 percent more money in exchange for investment. ED told that this company is not valid. Apart from this, this company is not registered with SEBI and RBI. The ED said that the company took the pretext of giving more money to its investments among the public. The company was successful in its plan and duped them after winning public confidence. The company did not give back any money.
For your information, let ys tell you that in the year of February 2018, the ED investigated against this company and all the land has been confiscated from Bengaluru. The price of this land was said to be near 8 crores. So far it has seized up to 10 crores in money laundering case. A few days ago, ED had raised Shinkaja on the company's Monetary Advisory Group. The property worth 209 crore of its founder Mohammad Mansoor Khan was seized. A case has been registered against Mansoor against money laundering. After grabbing 40 thousand investors, the matter of their escape has also come to light.
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