The Enforcement Directorate has hooked up property price ₹59.44 crore belonging to Vaibhav Dipak Shah, Sagar Diamonds; RHC Global Exports, and their associates beneath provisions of Prevention of Money Laundering Act (PMLA), 2002 in reference to the alleged Power Bank App fraud case. The motion was taken on the idea of FIRs registered by the Uttarakhand Police, Special Cell Delhi Police and the Karnataka Police.
The Enforcement Directorate mentioned some Chinese nationals, to be able to cheat the individuals of India, created a number of shell firms in India with the assistance of Chartered Accountants and Company Secretaries. To lure the general public with excessive returns on their investments, three software program functions — Power Bank App, Tesla Power Bank App, Ezplan — had been created on Google Play Store.
In June 2021, Delhi Police Cyber Cell arrested a number of individuals for allegedly dishonest plenty of ₹150 crore utilizing faux apps on the Play Store. These functions would block consumer accounts after securing funds from unsuspecting prospects, TOI reported.
ED had carried out raids linked to this case and revealed the accused and entities linked to this case despatched enormous funds overseas on the pretext of bogus imports. The company had recovered property price ₹10.34 crore. It additionally seized financial institution accounts with a complete stability of ₹14.81 crore.
“In the case, one provisional attachment order was also issued on 06.02.2022 attaching a sum of Rs. 4.92 Crore. Three persons were arrested in the case and a Prosecution Complaint was filed against the accused persons on 25.04.2023 and the same is under trial before the Special Court, PMLA, New Delhi,” ED mentioned.
With inputs from ANI
Source web site: www.hindustantimes.com