In the wake of the ED raid at the businessman's home, central forces have increased their presence in the area.
Digital Desk: The Enforcement Directorate (ED) has recovered more than Rs 7 crore in cash during searches underway at six locations in Kolkata on Saturday while probing an alleged case of a mobile application that allegedly cheated investors of their money, officials said.
On Saturday, an ED team searched the offices of businessman Aamir Khan in Kolkata's Garden Reach neighbourhood with the help of bank representatives, seizing property documents and cash worth Rs 7 crore.
Cash counting devices were brought in to determine the precise amount of cash recovered while the operation was still in progress.
In the wake of the ED raid at the businessman's home, central forces have increased their presence in the area.
It is to be noted that Aamir Khan and other people were suspected of scamming users of the mobile game software E-Nuggets, and Federal Bank officials filed a complaint against them under the Prevention of Money Laundering Act (PMLA).
According to a press release from the ED, "During the initial period, the users were rewarded with commission and the balance in the wallet could be withdrawn hassle-free, providing initial confidence among users, and they started investing bigger amounts for greater percentage of commission and a greater number of purchase orders."
"Further, after collecting handsome amount from the public, all of a sudden, the withdrawal from the said App, was stopped, at one or the other pretext, viz. system upgradation, investigation by LEAs, etc. Thereafter, all data including profile information was wiped off from the said App servers and only then the users understood the ploy," the ED said in describing the alleged fraudsters' method.
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