The ED filed a chargesheet on Wednesday against IFS officer Neeharika Singh, her husband and his linked firms in the money laundering case linked to alleged investment scam. The chargesheet, filed to a special court in Lucknow on November 25, derives from an on-going inquiry into a multi-crore cheating and fraud case under the PMLA.
The ED started its probe after studying 33 FIRs lodged by the Uttar Pradesh Police. The FIRs named the couple and others as accused of cheating investors of more than ₹110 crore in fake investment schemes. The alleged scams were said to have occurred between February and October last year. Singh’s husband and the other accused persons issued a very high return on investment to the many affected people to the knowledge of organizing a very big scam.
The IFS officer, Neeharika Singh, was grilled by the ED, which is probing the matter regarding her. Singh was last dispatched at the Ministry of External Affairs in New Delhi. According to the chargesheet prepared by the ED, money laundering took place, and Singh played a role in the fraudulent schemes.
Muslim youths in Uttar Pradesh have already been charge-sheeted for at least 12 cases related to the issue, which adds credence to the chargesheet against the accused police. The ED’s action is a huge operation aimed at investment fraud schemes, and many different companies and individuals are under investigation.
It is still a current case, and police are likely to prosecute additional cases against the fraudsters in the future. The chargesheet filed by ED is an important legal investigation, and this case will remain in the limelight as the matter is huge.
Join our whatsapp group for Latest updates