India, April 28 -- In a fresh development in the Amber Dalal money-laundering case, the Enforcement Directorate (ED) has uncovered the alleged involvement of more than 20 commission agents who solicited investors for Dalal's firm without conducting any due diligence.

Amber Dalal, a Mumbai-based consultant and proprietor of M/s Ritz Consultancy Services, is accused of orchestrating a massive investment fraud, suspected to be a Ponzi scheme. Dalal allegedly raised over Rs.600 crore from around 1,300 investors by promising high returns through commodity trading. However, investigators claim that the funds were neither invested as promised nor managed transparently. Instead, initial returns were paid out to lure more investors, while large s...