New Delhi, March 13 -- The Enforcement Directorate (ED), Mumbai Zonal Office, on Friday said that it has arrested two persons- Sudhir Dalsukhbhai Kotadiya and Umang Santibhai Kotadiya - in connection with a money laundering investigation relating to a fraudulent digital investment scheme operated through QFON App Limited and other associated entities.
The accused were produced before a Special PMLA Court in Mumbai, which remanded them to ED custody till March 20.
The ED case is based on an FIR lodged with the Vartak Nagar Police Station, Thane City, Maharashtra, under various sections of the IPC and Section 3 of the MPID Act against Sudhir Kotadiya, Jaysukh Sakhariya, Umang Kotadiya and others for allegedly operating a digital Ponzi inves...