Overview
- Search teams on Thursday executed roughly 20 searches across Noida, Ghaziabad and Meerut under a PMLA investigation.
- The Enforcement Directorate’s Ranchi zonal office is leading the operation in coordination with the Uttar Pradesh Police.
- Officers are seeking digital evidence and financial records to map suspected diversion through shell companies and layered bank transfers.
- Residential and commercial premises linked to the accused, senior staff and other associates were searched, with statements to be recorded next.
- The case concerns the alleged Maxizone scheme that purportedly defrauded investors of over Rs 300 crore, with promoters Chandra Bhushan Singh and Priyanka Singh currently in judicial custody after Jharkhand Police arrests.