New Delhi [India], September 26 (ANI): The Directorate of Enforcement (ED) has provisionally attached immovable assets valued at Rs 1.09 crore and bank balance amounting to Rs 26.52 lakh belonging to Sunheaven Agro India Ltd and its directors under Prevention of Money Laundering Act, 2002.

The enforcement agency had initiated the investigation on the basis of an FIR registered by CBI under various sections of IPC against Sunheaven Agro India Ltd and its directors.

Also Read | Manchester United vs Crystal Palace, Carabao Cup 2023-24 Live Streaming Online: How to Watch Football League Cup Match Live Telecast on TV & Football Score Updates in IST?.

Sunheaven Agro India Ltd, according to the ED, floated a Ponzi scheme that came out with different investment schemes under the garb of “Product Booking” and Fixed Deposit and Monthly Income Schemes, with the intention of earning quick and easy money.

ED said the Ponzi scheme was operated without obtaining permission/license from the regulatory authorities – SEBI or RBI.

Also Read | Uttar Pradesh Shocker: Spurned Woman Chops Off Private Parts of Boyfriend After He Refuses To Get Intimate With Her Friend.

Sunheaven Agro India Ltd with a “dishonest and fraudulent intention” to cheat the public, collected deposits from the investors in various schemes.

ED said the investigation revealed that the funds collected from the investors fraudulently by Sunheaven Agro India Ltd were being used for purchase of the properties and personal uses. (ANI)

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)