ED, Jalandhar has provisionally attached 6 immovable properties, bank balance in 73 bank accounts and 26 luxury vehicles cumulatively valued at Rs. 178.12 Crore (approx.) on 06.02.2025 under the provisions of PMLA, 2002 in an ongoing investigation against M/s Vuenow Marketing Services Ltd. and others

"On "07/02/2025", the "Enforcement Directorate (ED)" issued an update regarding "ED, Jalandhar has provisionally attached 6 immovable properties, bank balance in 73 bank accounts and 26 luxury vehicles cumulatively valued at Rs. 178.12 Crore (approx.) on 06.02.2025 under the provisions of PMLA, 2002 in an ongoing investigation against M/s Vuenow Marketing Services Ltd. and others". The attachment is a result of ED's investigation into allegations of money laundering by the company, which allegedly induced investors to invest in a cloud particle leasing scheme without any substantial infrastructure. The provisional attachment order was issued under the Prevention of Money Laundering Act (PMLA) 2002, with key persons from Vue now group including CEO Sukhwinder Singh Kharour yet to join the investigation."