Archive · 24 Jul 2025
ED Attaches Shares Worth ₹127 Crore in Money Laundering Probe
Imagine some companies promised people big rewards if they invested money.
They tricked people, took their money, and didn't use it as promised.
The government is now investigating and says the companies collected a lot of money illegally.
This money was hidden using complicated tricks.
The government is now going after assets like shares and property to get some of the money back.
A man connected to the companies was arrested.
The investigators are still trying to find all the money that was taken.
ED attached shares worth over ₹127 crore belonging to the son of former Trinamool MP Kanwar Deep Singh.
The shares are linked to Alchemist Hospital and Ojas Hospital in Panchkula.
The case stems from a money laundering investigation into fraudulent Collective Investment Schemes.
Accused companies allegedly lured investors with false promises, raising ₹1,848 crore.
Kanwar Deep Singh was arrested in January 2021; ED has attached assets worth ₹238.42 crore.
- Who
- The ED attached shares linked to Karan Deep Singh, son of former MP Kanwar Deep Singh.
- What
- ED attached shares worth over ₹127 crore in a money laundering case.
- When
- The ED announced the attachment on Wednesday.
- Where
- The shares are linked to two hospitals in Panchkula.
- Why
- The attachment is part of an investigation into fraudulent Collective Investment Schemes and money laundering.
Investor Fraud
Alchemist Group
False Promises
Investor Fraud
Investors were promised high returns through fraudulent schemes.
Alchemist Group
Details not in the article
- Agency
- Enforcement Directorate (ED)
- Attached Assets Value
- ₹127 crore
- Related to
- Money Laundering
- Beneficiary
- Karan Deep Singh
- Father
- Kanwar Deep Singh
- Case Origin
- Fraudulent Collective Investment Schemes
- Arrest Date
- January 12, 2021