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ED attach ponzi schemers' chopper, hotels worth Rs 207 crore

<p>The properties, valued at Rs 207 crore, are part of a probe into a Rs 3,500-crore ponzi scheme that lured over 20 lakh investors with livestock business proposals</p>

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The helicopter in Pune that was attached by the ED yesterday
The helicopter in Pune that was attached by the ED yesterday

In what comes as a major step in the crackdown against the ponzi scheme floated by Mahesh Kisan Motewar, promoter and CMD of Samruddha Jeevan Foods India that was first reported in 2015 and which allegedly generated funds worth Rs 3,500 crore, the Enforcement Directorate on Monday attached assets worth Rs 207 crore. According to the chargesheet filed by CID in Pune, the money generated was laundered for the expansion of other businesses like construction, media, hospitality, software, etc along with benefiting family members personally.

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