New Delhi, Dec. 23 -- The Enforcement Directorate on Tuesday said it has filed a prosecution complaint against Sun Pariwar Vupadi Management Pvt Ltd before the special court under the Prevention of Money Laundering Act (PMLA).
The ED initiated its PMLA investigation based on multiple FIRs registered by the Telangana Police against the Sun Pariwar Group, Methuku Ravinder, and his close associates for allegedly cheating the general public and gullible investors by offering high returns on investments made in Sun Pariwar Group companies and Sun Mutually Aided Thrift and Credit Co-operative Society Limited.
According to the investigation, Methuku Ravinder and his associates collected around Rs 158 crore from more than 10,000 investors and all...