ED Mumbai freezes assets worth ₹39 crore in Amber Dalal case
The HinduThe Mumbai zonal office of the Enforcement Directorate has conducted search operations on September 3, 2024, under the Prevention of Money Laundering Act, 2002 at various locations in Mumbai and Kolkata, an ED official said in a press statement on Thursday evening. registered by Mumbai Police against Amber Dalal, proprietor of M/s Ritz Consultancy Services,” an ED official said. Amber Dalal is accused of taking money from investors through a suspected ponzi by promising high returns and then absconded with their money after giving initial returns. “ED investigation revealed that Amber Dalal raised money from investors on the pretext that he invested the funds in 9 commodities such as, gold, silver, crude oil, natural gas, zinc, lead, nickel, copper, aluminum and traded in them, ensuring the capital is safe and promising an annual return of 18%- 22% to his investors. The search operations unveiled a network of entry operators who channelised the cash raised by Amber Dalal by providing accommodation entries in his bank account.
History of this topic
Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities
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ED arrests Ponzi scam mastermind for duping investors of Rs 600 crore in Mumbai
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Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case
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Amber Dalal case: ED raids Mumbai properties, seizes assets worth Rs 37 crore
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