By A Staff Reporter: The Directorate of Enforcement (ED), Kochi Zonal Office, conducted search operations on 11/06/2024 at 14 locations across Kerala, Maharashtra, and Chhattisgarh under the Prevention of Money Laundering Act (PMLA), 2002. The raids targeted premises associated with the promoters and leaders of the HighRich Online group. ED's actions resulted in the freezing of approximately Rs. 32 crore in proceeds of crime, found in various bank accounts of the company, its promoters, and their family members. Additionally, around 70 lakh in cash, along with jewelry and four four-wheeler vehicles, were seized.
The searches also uncovered immovable properties worth Rs. 15 crore linked to the promoters and leaders of the HighRich Online group, allegedly acquired from the proceeds of crime. The operation underscores ED's commitment to combat money laundering activities and crack down on illicit financial networks operating in the country.
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