ED attaches assets worth ₹112.36 crore » Scammer News


The Enforcement Directorate has attached assets worth ₹112.36 crore of Garvit Innovative Promoters Limited and others in connection with the “Bike Bot” scam in which a large number of investors in a bike taxi service were cheated.

The assets include flats in Himachal Pradesh’s Kangra and under-construction towers in real estate projects.

In July, the agency had attached properties worth ₹103.73 crore, involving 26 immovable properties and 22 bank accounts in the name of Garvit Innovative Promoters, Independent TV, Mars Enviorotech, Axle Energy, Pantel Mobility Health and other associate entities. That order has been confirmed by the Adjudicating Authority under the Prevention of Money Laundering Act.

The ED probe is based on the FIRs registered by the Uttar Pradesh police against Garvit Innovative Promoters, its promoter Sanjay Bhati and others.

Investment plans

The accused persons had floated investment plans in the…

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