ED, Jalandhar Zonal Office has provisionally attached movable properties in the form of 04 bank accounts amounting to Rs. 4.07 Crore (approx.) (in total) of M/s Crown Credit Co-operative Society Limited, in connection with a case of Ponzi scheme, wherein Jagjeet Singh, President-cum-Managing Director of M/s Crown Credit Cooperative Society Limited, and his associates, dishonestly induced members of the general public across Punjab to deposit their hard-earned money by making false representations and assurances of high returns, thereby cheating and causing wrongful loss to the depositors.
ED Seizes Rs. 4.07 Crore from Crown Credit in Ponzi Scam