The Enforcement Directorate on Tuesday attached Rs 277.97 crore assets of Noida-based eBIZ.COM Pvt Ltd and others in a "pyramid style" multi-level marketing fraud, the ED said.
The properties attached under the Prevention of Money Laundering Act (PMLA), include residential plots, apartments, farm houses and commercial buildings in Delhi and Noida of UP.
The agency also attached bank accounts of Pawan Malhan and Anita Malhan, directors of eBIZ.Com, their family members and other associates.
Of the assets attached are 29 immovable properties purchased at a cost of Rs 34.60 crore and also Rs 242.25 crore in 124 bank accounts, maintained in the name of the company, its directors and their family members as well as associates.
The main accused, Pawan and his son Hitik Malhan, were presently in the Telangana Police custody, said the statement.
The ED initiated investigation under the PMLA on the basis of FIRs registered by the Telangana Police against eBIZ.Com and its directors and associates for cheating people by propagating false promises of earning quick and easy money and inviting them to become members of their pyramid scheme in the guise of direct selling multi-level marketing network by introducing worthless products, like free computer education packages and suit lengths.
NCPCR initiates action against Mehbooba Mufti for 'using school children for election campaign'
In a significant development, the National Commission for Protection of Child Rights (NCPCR) on Friday took cognisance of a report on 'X' accusing PDP President and Anantnag-Rajouri Lok Sabha seat candidate Mehbooba Mufti of using school children for campaigning in the election.
PM Modi takes opposition to cleaners on EVMs, once again
Calling it a "historic day", Prime Minister Narendra Modi on Friday lauded the Supreme Court's decision to dismiss a batch of petitions seeking mandatory cross-verification of the votes cast in Electronic Voting Machines (EVMs) with Voter-Verifiable Paper Audit Trail (VVPAT) slips.
LS Poll: Over 1000 villagers did not cast vote; shows protest against bad road condition, improper drinking water facility
Over 1000 villagers of Maldapara of Gandacherra subdivision in Dhalai Tripura district on Friday boycotted the second phase of polling to East Tripura constituency and refrained from casting their vote as part of their agitation against bad condition of road in their village.
PM Modi roasts Cong, says former PM's video on 'priority for Muslims' demolishes its canards
Prime Minister Narendra Modi on Friday stepped up his offensive on the Congress and said that his plainspeak on the party’s double standards has ruffled many feathers in the INDIA bloc, so much so, that they have launched a tirade at him for speaking the truth.
CBI recovers huge cache of arms, explosives from house of Shahjahan’s relative at Sandeshkhali
The CBI on Friday afternoon conducted a raid at the residence of a relative of suspended Trinamool Congress leader Sheikh Shahjahan at Sandeshkhali in North 24 Parganas District and seized a huge cache of firearms and explosives.
Tripura records 54.47% turnout recorded till 1 PM in 2nd phase polling to East
The second phase of polling for the East Tripura Parliamentary constituency is underway amid tight security coverage, while 54.47% voter turnout was recorded till 1 pm on Friday. Voting commenced at 7 am and will continue until 6 pm. Tripura recorded the highest turnout at 36.42 per cent till 11 am.
We will implement UCC in entire country, it is 'Modi ki Guarantee': Amit Shah
Assuring that it is a 'Modi ki Guarantee' (PM Modi's guarantee), Home Minister Amit Shah said on Friday that the government led by the BJP will implement the Uniform Civil Code (UCC) across the country.
Should re-election be held with fresh candidates if NOTA gets a majority? SC issues notice to EC
The Supreme Court on Friday agreed to examine a plea seeking directions to the Election Commission (EC) to frame guidelines or rules, if in any election, all the contesting candidates individually do not surpass NOTA.