Crime
ED Attaches ₹427 Crore Assets in Belagavi Ponzi Scam
The Enforcement Directorate has provisionally attached assets worth ₹427 crore in connection with a massive ₹2,459-crore Ponzi scheme based in Belagavi. Over 35,000 investors were allegedly defrauded by the network operated by kingpin Shivanand Neelannavar, his family members, and associates. This financial crackdown aims to recover defrauded funds and dismantle the extensive illegal operation.
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