Enforcement Directorate has attached assets worth ₹394 crore in the Bikebot scam case. The case pertains to a Ponzi scheme which allowed customers to invest in 1-7 bikes, which the company would maintain and operate, allowing the customers to earn monthly rent, EMI and bonus. The scheme's funds were diverted and subsequently layered through educational trusts, societies and individuals.
short by
Ashley Paul /
02:19 pm on
31 Aug