Overview
- The January 10 provisional attachment order, issued by the ED’s Raipur office, covers movable assets of about Rs 98.55 lakh and 27 immovable properties valued near Rs 20.46 crore across India and Dubai.
- A Dubai apartment in the Atria Ra complex linked to absconding promoter Ravi Uppal, valued around Rs 6.75 crore, is among the assets attached.
- Properties tied to associates including Rajat Kumar Singh, Saurabh Ahuja, Vishal Ramani, Vinay Kumar, Honey Singh, Lucky Goyal and Raja Gupta have been attached in locations such as Bhilai, Durg, Jaipur, New Delhi, Rajasthan and Raipur.
- Investigators say the syndicate ran a franchise‑style panel model directed from Dubai by Saurabh Chandrakar and Ravi Uppal, who allegedly kept 70–75% of profits, with proceeds routed through thousands of mule accounts opened using third‑party KYC.
- The broader probe has involved searches at more than 175 premises, five prosecution complaints naming 74 entities, and 13 arrests, with possible further cross‑border legal steps signaled by the agency.