<h1>ED attaches Rs 127 crore shares under PMLA in Rs 1,900 crore ponzi scheme involving former MP's son</h1> The Enforcement Directorate attached shares worth over Rs 127 crore held by a company beneficially owned by the son of a former MP in a money laundering case linked to a Rs 1,900 crore ponzi scheme fraud. The case involves allegations that the accused orchestrated a criminal conspiracy to raise Rs 1,848 crore through collective investment schemes by promising high returns and falsely assuring property allotments. The misappropriated funds were layered through complex transactions to conceal their illicit origin and were used to acquire shares and construct hospitals. The attached shares include significant holdings in two hospitals. The former MP was arrested in 2021, with multiple chargesheets filed and prior property attachments totaling over Rs 238 crore. The attachments were made under the Prevention of Money Laundering Act.