As a promoter of Kolkata-based Shree Ganesh Jewellery House, Kamlesh Parekh was allegedly involved in cheating a consortium of 25 banks led by SBI
About seven premises in Delhi-NCR are being covered as part of the action
For more than three years, the numbers on their screens told a convincing story. Steady gains, smooth withdrawals and returns of up to 5 per cent every fortnight. Encouraged by the early outcome, many doubled down, pumping in more of their hard-earned savings into a scheme they thought was the answer to luxury and a comfy retirement. Then, almost overnight, the kill switch was flicked and they lost it all to a scheme that swindled victims across the globe of close to 100 billion ringgit (US$25...
Ashok Gehlot said while the Enforcement Directorate had attached assets in 2019, 2021 and 2024, the process for ensuring the repayment of investors’ money still remains unclear