Ponzi Scheme

July 06, 2024

Compulsive Ponzi player? Highrich promoter floated fresh entity two months after ED raid

The company registered in Jharkhand in April 2024 collected Rs 68.33 lakh in 24 days.

January 31, 2024
Highrich raised Rs 3,141 crore from public, says Kerala CM. Here's what investigating agencies found

Kerala Police, GST Intelligence Wing and Directorate of Enforcement are investigating the fraud-accused online grocery promoted by a Malayali couple.
January 28, 2024
Highrich Online Shoppe raised Rs 1,157 crore with Ponzi scheme, says ED

The central agency provisionally pegged the size of the fraud in its order to freeze 55 bank accounts with Rs 212.46 crore belonging to the company's promoter couple K D Prathapan and Sreena Prathapan.
January 24, 2024
After fleeing ED, Highrich owner couple moves special court seeking anticipatory bail

The Income Tax Department is probing a GST fraud of Rs 126 crore against the Prathapans who are accused of duping about 1.5 lakh investors.
November 23, 2023
Actor Prakash Raj served ED summons in Rs 100-crore money laundering case

The investigation pertains to a case against Pranav Jewellers, of which the actor is the brand ambassador.
August 06, 2023
Hafeez Kudroli took luxury cars on rent for Rs 8 cr to impress, dupe father-in-law: Police

Kudroli married the businessman's only daughter in 2017 and allegedly swindled Rs 107.99 crore out of the family between 2018 and 2022.
March 29, 2021
CBI arrests Keralite ponzi firm promoter after his deportation from Saudi Arabia

Sudeer and his partners had floated a ponzi company in 2009-11, called Forex Trade, in Kasaragod and lured gullible investors with a promise of exorbitant rates of interests on 61-day deposits.

Ponzi Scheme

Compulsive Ponzi player? Highrich promoter floated fresh entity two months after ED raid

Highrich raised Rs 3,141 crore from public, says Kerala CM. Here's what investigating agencies found

Highrich Online Shoppe raised Rs 1,157 crore with Ponzi scheme, says ED

After fleeing ED, Highrich owner couple moves special court seeking anticipatory bail

Actor Prakash Raj served ED summons in Rs 100-crore money laundering case

Hafeez Kudroli took luxury cars on rent for Rs 8 cr to impress, dupe father-in-law: Police

CBI arrests Keralite ponzi firm promoter after his deportation from Saudi Arabia

Absconding jeweller Mansoor Khan arrested over ponzi scam

Congress dissolves Karnataka unit, spares Gundu Rao