ED attaches ₹66.30-crore assets in multi-level marketing scam
The Hindu
The company had enrolled around 10 lakh members from whom the funds were collected
The Enforcement Directorate (ED) has attached assets worth ₹66.30 crore of Indusviva Health Sciences Private Limited and others in connection with a ₹1,500-crore multi-level marketing scam.
The company had enrolled around 10 lakh members from whom the funds were collected. The assets of its chairman, C. A .Anzar, have also been attached.
The ED probe is based on a First Information Report registered by the Cyberabad police, alleging that the company indulged in the scam on the pretext of direct selling business. It engaged a large number of distributors and promised opportunities for making quick money by getting more members enrolled for the pyramid scheme.
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