Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Don't have an account? Register Here
<h1>Couple Arrested at Airport for Allegedly Running Multi-Crore 'Cloud Particle Scam,' Diverting Funds Through Shell Entities.</h1> The Enforcement Directorate arrested a couple at Delhi airport for allegedly orchestrating a 'cloud particle scam' through their company, defrauding investors of thousands of crores. The husband, identified as the mastermind, and his wife were detained based on a Look Out Circular. The scam involved misrepresenting a non-existent business model to siphon off funds for personal use, including luxury purchases and investments in unrelated companies. The ED reported that proceeds of Rs 3,558 crore were diverted through shell entities and personal accounts, with high commissions paid to channel partners.