Jalandhar, Feb. 5 -- The Enforcement Directorate (ED) has provisionally attached property worth Rs.19.10 crore in connection with a money laundering investigation related to the Vuenow group of companies under the provisions of the Prevention of Money Laundering Act (PMLA). ED initiated an investigation based on various FIRs registered under the provisions of BNS by Noida police and Punjab Police. In a statement, ED said during the investigation, it was revealed that Sukhvinder Singh Kharour, the CEO and founder of Vuenow Group, in connivance with other accused persons/entities, orchestrated a multi-crore "Cloud Particle Scam" wherein hard-earned money of investors was siphoned off by the accused persons for their personal gains. The underlying business of Cloud Particle, based on the sale and lease back model (SLB model), was found to be substantively non-existent and grossly overstated to cheat the investors. It is also revealed that no rental amount or insignificant amount is received from the data centre clients, as the entire business of the Vuenow group was found to be only a money rotation scheme, the ED statement further added. The total money collected from the investors in lieu of sale of cloud particles was found to be Rs.3,700 crore out of which Rs.1,800 crore were returned to investors in the form of rent and remaining proceeds of crime (POC) were utilised for other than business purposes and further diverted by Vuenow Infotech Pvt Ltd and group companies in giving high commissions to the channel partners, purchase of various luxurious vehicles, gold and diamonds, routing of funds to the tune of hundreds of crores through shell entities and investment in properties. During the probe, POC, in addition to the earlier attached properties, valued at Rs.19.10 crore, were identified in theform of immovable properties, fixed deposits and listed stockholdings....