Ed action against vuenow: Enforcement Directorate (ED) has run fake investment schemes Vuenow Marketing Services Ltd. (VMSL) and have taken major action against his colleagues. The ED has temporarily seized assets worth Rs 178.12 crore, including 6 immovable assets, deposits in 73 bank accounts and 26 luxury vehicles.
Vuenow marketing services ltd. (VMSL) got people invested by buying “cloud particles” and then luring them to lease (SLB model). The company gave false guarantee of high returns in the name of profit. Whereas in reality it had no strong infrastructure. The money collected from the people was employed in other works other than business. During this period, crores of rupees were rotated through shell companies and invested in expensive vehicles and property.
The main people of Vuenow Group, especially CEO Sukhwinder Singh Kherr, are said to be behind this scam. The ED gave him a chance to join the investigation several times, but till now no one presented his side. Due to this, thousands of investors were cheated and their money was submerged. The matter is being investigated on the basis of FIR registered by Noida Police. ED also earlier on 26 November 2024 and 17 January 2025 Vuenow Marketing Services Ltd. Had raided many locations of. The ED investigation is still going on and it is expected that there may be further big revelations.