Archive · 27 Nov 2025
ED raids Tamil Nadu company in Rs 1,400 crore Ponzi scheme probe
The Enforcement Directorate (ED) and the Chennai police are investigating a company called Aarudhra Gold Trading Pvt.
Ltd.
(AGTPL) for running a Ponzi scheme.
This scheme promised people high returns on their investments, like 10-30% monthly, and even gave out gold coins and referral bonuses.
The company collected a lot of money from over a lakh of people, but it didn't pay them back.
The total amount of money that was not returned is over Rs 1,400 crore.
The ED raided many places and found some cash and documents about properties worth Rs 1.50 crore.
The main person in charge of the company, V Rajasekhar, is missing and hasn't been found yet.
The Enforcement Directorate (ED) conducted raids at 21 locations in Tamil Nadu and Mumbai against Aarudhra Gold Trading Pvt. Ltd. (AGTPL) for a Ponzi scheme.
The company allegedly collected over Rs 1,400 crore from 1,04,433 depositors, promising high monthly returns and incentives.
The Economic Offences Wing (EOW) of the Chennai police filed a charge sheet in 2023 against 40 individuals and entities linked to AGTPL.
The ED seized Rs 22 lakh in cash and documents of properties worth Rs 1.50 crore during the raids.
The principal accused, V Rajasekhar, and his wife are absconding.
- Who
- The Enforcement Directorate (ED) and the Economic Offences Wing (EOW) of the Chennai police
- What
- Conducted raids and filed a charge sheet against Aarudhra Gold Trading Pvt. Ltd. (AGTPL) for a Ponzi scheme
- When
- Raids were conducted on Wednesday, November 27, 2024
- Where
- Chennai, Kancheepuram in Tamil Nadu, and Mumbai
- Why
- To investigate a money laundering case linked to a Ponzi scheme that allegedly duped investors of over Rs 1,400 crore
- Company
- Aarudhra Gold Trading Pvt. Ltd. (AGTPL)
- Total Depositors Affected
- 1,04,433
- Default Amount
- Rs 1,404 crore
- Cash Seized
- Rs 22 lakh
- Properties Documented
- Rs 1.50 crore
- Principal Accused
- V Rajasekhar (absconding)