New Delhi, Feb. 4 -- The Enforcement Directorate's (ED) Jalandhar Zonal Office on Wednesday said it has attached assets worth Rs 19.10 crore in connection with a money laundering investigation related to the Vuenow group of companies.
The ED initiated its Prevention of Money Laundering Act (PMLA) investigation based on various FIRs registered by the Gautam Budh Nagar (Noida) Police and the Punjab Police.
During investigation, the ED learned that Sukhvinder Singh Kharour, the CEO and founder of the Vuenow Group, in connivance with other accused persons and entities, orchestrated a multi-thousand-crore' Cloud Particle Scam'. In this scam, hard-earned money from the general public (investors) was siphoned off for personal gain.
"The underly...