Achi news desk-
The Enforcement Directorate (ED) has taken action against the owner of VIPS Group of Companies in Pune. Pune-based Vinod Khute, who defrauded investors through a multi-level marketing scheme, has been fined by the ED. ED has brought the assets of the VIPS group of companies to the tune of 24 million 41 lakh. Vinod Kute escapes in Dubai. In this case, ED Assistant Director Ratnesh Kumar Bhuvaneshwarlal filed a complaint at the Bharti Vidyapeeth police station in Pune.
100 crore scam
Vinod Tukaram Khute, Santosh Tukaram Khute, Mangesh Khute, Kiran Pitambar Anarse, Ajinkya Baddhe and others have been prosecuted for defrauding investors. The ED raided VIPS Group offices in Pune, Mumbai and Ahmedabad in June. Now their property has been confiscated. In this, 21.27 million rupees were seized from 58 banks and 3.14 million rupees from others. Vinod Kute and others defrauded investors of more than 100 crores.
Amount abroad through Hawala
The money was sent abroad through the wala by cheating the investors. Earlier, ED seized his property worth Rs 375 crore in Dubai. So far properties worth Rs 70 crore 89 lakh have been seized.
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what was the plan
The plan was to give the common man a return on investment by paying two to three percent interest per month. To this end, Vinod Khute founded Kana Capital under the name Forex Trading. Investors were attracted with better returns by participating in Zoom and online meetings. The money was put into several fake farms. This money was sent abroad through hawala. Many crores were invested by investors in this scheme. Investigation revealed that the amount was sent out of the country through hawala channels and shell companies. Due to this action ED is taking money laundering case against Vinod Hota and his family.
