ED officials serving notice to the accused in Balaghat’s infamous ‘double- your-money’ scam.
Photo : Times Now
The ED team is investigating the ‘hawala’, along with the money-laundering case. The officials have started collecting the evidence. A larger team of ED officials will be arriving at Balaghat after the preliminary investigations are done.
The ED has been handed over the case given its nature, extent and the need for a thorough and impartial investigation, according to Superintendent of Police Sameer Saurabh. He further added that the police had initially registered three FIRs in the case which had duped the public, promising to “double” their investments in a short period of time. Since then, 25 FIRs have been lodged.
The SP also said that Rs 13 crore has been recovered as cash from the accused while around Rs 16 to 17 crore has been seized from their bank accounts. The police have also taken action to attach the property of the accused. However, since the scam is worth over a thousand crore, with networks in Balaghat, other parts of Madhya Pradesh, Chhattisgarh,…
