ED Raids Multiple Locations Across India in Massive Money Laundering Probe Involving Vuenow Infratech and Associated Firms

(Judicial Quest News Network)

The Directorate of Enforcement (ED), Jalandhar Zonal Office, executed extensive search operations on January 17, 2025, at eleven locations spanning Gurugram, Panchkula, Jind (Haryana), Mohali (Punjab), and Mumbai (Maharashtra). The raids targeted the residential and business premises of several entities, including M/s Vuenow Infratech Limited, M/s Big Boy Toyz, M/s Mandeshi Foods Pvt. Ltd., M/s Planckdot Pvt. Ltd., M/s Bytecanvass LLP, M/s Skyverse, M/s Skylink Network, and others related to ongoing investigations under the Prevention of Money Laundering Act (PMLA), 2002.

The search was part of a broader investigation into M/s Vuenow Marketing Services Ltd. (VMSL), which is accused of defrauding investors by falsely promising high returns through cloud particle sales and leasing schemes. The operation resulted in the seizure of luxury vehicles, cash worth Rs. 3 lakh, and incriminating documents, records, and digital devices.

This investigation stems from a First Information Report (FIR) filed by Gautam Budh Nagar Police in Uttar Pradesh, under sections of the BNS 2023. The ED had flagged the matter under Section 66(2) of PMLA, prompting further inquiries into the financial activities of VMSL and its affiliates. Evidence gathered shows that VMSL diverted the proceeds of crime through extravagant vehicle purchases, shell companies, and large-scale property investments.

Earlier searches had already been conducted at the premises of Vuenow Marketing Services Ltd. and its associates on November 26, 2024.

The investigation continues, with authorities tightening their scrutiny over the network’s financial dealings.

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