Feb 25, 09:28 AM

ED Restores Rs 3,339 Crore to 32 Lakh AgriGold Ponzi Victims, Attaches Rs 7.98 Crore in Drug Case

The Enforcement Directorate (ED) has restored properties valued at approximately Rs 3,339 crore to victims of the AgriGold Ponzi scheme, which defrauded over 32 lakh investors across various states. The total amount involved in the scheme is reported to be Rs 6,380 crore. Additionally, the ED has provisionally attached assets worth Rs 7.98 crore in a separate case related to the illegal export of psychotropic substances. This includes 22 immovable and 8 movable properties. In another development, at least 183 individuals in Bengaluru have been affected by a Ponzi scheme operated by Falcon Invoice Discounting, which promised returns between 11% and 22% on short-term investments, amounting to ₹850 crore, with one victim reporting a loss of ₹1.07 crore.

#Enforcement Directorate #ED #AgriGold Ponzi #Bengaluru #Ponzi #Falcon Invoice Discounting

Written with ChatGPT (GPT-4o mini).

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