ED auctions for Rs 3 crore Hawker aircraft seized in ponzi case

In a significant move, the Enforcement Directorate has successfully auctioned a Hawker 800A aircraft for Rs 3 crore, a key asset seized in a massive Rs 792 crore ponzi scam. The funds will aid in compensating defrauded investors. The scam, orchestrated by Amardeep Kumar of Capital Protection Force through a bogus invoice discounting scheme, targeted numerous individuals with promises of high returns.

By TNN