ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine

Q: How long will it take to read this news story?

The story "ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine" has 330 words across 12 sentences, which will take approximately 2 - 3 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine" was covered 5 hours ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 249 news stories per day. It's most recent story was published 2 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #22097916</li><li>URL: https://beamstart.com/news/ed-attaches-assets-worth-rs-17238015062201</li></ul>

Business Standard Logo Business Standard 5h ago

ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine - Business Standard

Quick Summary:

The Enforcement Directorate on Friday said assets worth more than Rs 29 crore have been attached under the anti-money laundering law as part of an investigation against a fraud investment website that ran a Ponzi scheme across the country.

It collected a minimum amount of Rs 2,250 as membership fees and ran a Ponzi scheme in India between 2018 till March, 2023, the Enforcement Directorate (ED) said.

The action has been taken against the portal -- -- that runs under the banner of Pearlvine International, the central agency said in a statement.