New Delhi: According to company officers, the Enforcement Directorate (ED) has summoned actor Prakash Raj. The actor has recorded his assertion in reference to an alleged ₹100-crore Ponzi scheme case involving Tiruchi-based Pranav Jewellers.
However, Raj is but to situation a press release on this regard. The actor was reportedly the model ambassador of the jewelry agency. The company could search data from him concerning the cash paid to him by the agency.
Under the Prevention of Money Laundering Act, the company had carried out searches on November 20. The objective was to collect details about the ponzi scheme run by sure accused individuals within the identify of Pranav Jewellers, which is a partnership agency. ED had seized incriminating paperwork, ₹23.70 lakh of unexplained money, and bullion/gold jewelry.
First Information Report was registered by the Economic Offences Wing (Tiruchi) in opposition to the agency and others. It alleged that about ₹100 crore was collected from folks beneath the guise of a gold funding scheme with the promise of excessive returns. However, the agency didn’t return the quantity to such buyers.
According to the company, Pranav Jewellers and different linked individuals cheated the general public by diverting the funds to shell entities or entry suppliers on the pretext of shopping for bullion or gold ornaments.
The ED stated, “Searches additionally revealed that the provider events within the books of Pranav Jewellers have been entry suppliers, who in the course of the investigation confessed to have offered adjustment/lodging entries to Pranav Jewellers for quantities over ₹100 crore; and likewise confessed to have given money to the accused individuals in lieu of financial institution funds.”
