New Delhi, Feb. 4 -- The Enforcement Directorate (ED), Jalandhar Zonal Office, today said it has attached movable properties in the form of four bank accounts, amounting to Rs 4.07 crore, belonging to Crown Credit Co-operative Society Limited in connection with a Ponzi scheme case.
The case involves Jagjeet Singh, President-cum-Managing Director of Crown Credit Co-operative Society Limited, and his associates, who allegedly dishonestly induced members of the general public across Punjab to deposit their hard-earned money with the society by making false representations and assurances of high returns.
The ED initiated its investigation based on various First Information Reports registered by Punjab Police against Crown Credit Co-operative ...