ED attaches assets of firm that cheated Rahul Dravid, other celebs

35.7 crore. That’s the value of assets belonging to the scam-hit Vikram Investments and its associates to be attached under the Prevention of Money Laundering act.

Assets have been impounded by the Enforcement Directorate (ED) over the Ponzi scam that surfaced in March 2018. These include Rs 34.21 crore worth of immovable properties such as land, office space and flats in various parts of Bengaluru. Bank balance…

Formers cricketer Rahul Dravid, former badminton champion Prakash Padukone and several other celebrities are among 2,420 people to have been cheated by Vikram Investments

According to a source, Vikram Investments had received a total of Rs 417 crore from the public by promising improbable assured returns of up to 30-35% a year under the guise of commodity trading. Of this, the firm paid around Rs 331 crore as “profit” and misa…

scam first came to light over three years ago when P R Balaji, a businessman from South Bengaluru who had invested Rs 11.7 crore, filed a cheating complaint with Banashankari police. An FIR based on Balaji’s complaint was registered on March 3, 2018….

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