The probe discovered that “proceeds of crime” of Rs 10 crore was “siphoned off” by the belief.
New Delhi:
An alleged Jharkhand ponzi case fraud accused has been arrested by the Enforcement Directorate (ED) from West Bengal underneath the anti-money laundering regulation, the central company mentioned on Monday.
Hemant Kumar Sinha was arrested on June 19 from Howrah and later produced earlier than a particular Prevention of Money Laundering Act (PMLA) courtroom in Jharkhand’s capital Ranchi that despatched him to judicial custody until June 29, it mentioned in a press release issued right here.
Sinha, it mentioned, is an accused in an alleged ponzi or chit fund fraud case that befell in Jharkhand someday again and the ED had filed a cost sheet towards him and others in March final 12 months after it performed a probe.
The accused was “absconding” and was avoiding his look earlier than the courtroom, following which the courtroom had issued a non-bailable arrest warrant towards him, the ED mentioned.
The cash laundering case towards Sinha, a agency linked to him, M.S.S. Ayurvedic Healthcare Trust, different accused Rakesh Kumar Poddar and Mukesh Kumar Poddar was registered after the ED studied cost sheets filed towards them by the Jharkhand Police, it mentioned.
“The accused persons were running a ponzi scheme wherein they collected Rs 3,000 from each individual on the pretext of returning four times of the said amount within three months,” the ED alleged.
“For assurance, they used to give four post-dated cheques of Rs 2,300 each and four coupons of Rs 700 for ayurvedic medicines and treatment at M.S.S & Health Care Ayurvedic Trust,” it alleged.
The probe discovered that “proceeds of crime” of Rs 10 crore was “siphoned off” by the belief.
An quantity of Rs 2.28 crore that was stored in financial institution accounts was additionally hooked up by the ED prior to now throughout this investigation, it mentioned.
(Except for the headline, this story has not been edited by NDTV employees and is printed from a syndicated feed.)
