ED attaches properties of accused in ponzi scam » Scammer News


The Enforcement Directorate (ED) has provisionally attached 16 immovable properties worth Rs 137.6 crore owned by companies and individuals accused in a ponzi investment scheme.

The entities and individuals whose properties have been attached are Dreamz Infra India Ltd, TGS Constructions Pvt Ltd, Disha Choudhary, managing director (MD) of Dreamz Infra India Ltd, Mandeep Kaur, MD of TGS Constructions Pvt Ltd, and others. ED took the action on June 27.

The directorate began investigations based on more than 125 FIRs registered against Dreamz Infra India Ltd, TGS Constructions Pvt Ltd, Gruha Kalyan, Sachin Naik alias Yogesh, Disha Choudhary, Mandeep Kaur and others for cheating people since 2011 in Bengaluru.

The ED said the accused people and entities duped citizens by taking huge deposits by promising affordable apartments in and around Bengaluru.

From the year 2011-12 to 2016-17, the accused collected more than Rs 722…

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