Overview

• The ED conducted raids on June 12 at approximately 24 locations in Delhi, Rajasthan and Gujarat under provisions of the Prevention of Money Laundering Act.
• The operation targets a Rs 2,700 crore money laundering case tied to Red Nexa Evergreen, which lured around 62,000 investors with promises of high returns or property allocations.
• Teams searched properties in Jaipur, Jodhpur, Sikar, Jhunjhunu, Ahmedabad and parts of Delhi, seizing digital devices and key documents.
• Investigators are working to map fund flows, identify promoters and uncover the principal beneficiaries of the alleged fraud.
• Rajasthan Police had earlier filed FIRs against multiple individuals as frustrated investors lodged complaints over unfulfilled scheme promises.