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

AI Summary

The Enforcement Directorate auctioned a Hawker 800A aircraft seized in a Rs 792 crore ponzi scam case for Rs 3 crore. The funds recovered will help compensate victims of the fraud orchestrated by Amardeep Kumar via a bogus invoice discounting scheme.

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.