Actor Prakash Raj has been summoned by the Enforcement Directorate (ED) to appear before it on October 6 in connection with a money laundering case linked to a ponzi scheme that duped investors of over Rs 100 crore. The actor has been asked to join the probe under the Prevention of Money Laundering Act (PMLA) and provide details of his financial transactions with the accused company, Ambidant Marketing Pvt Ltd.
According to the ED, Prakash Raj had received Rs 5 crore from Ambidant Marketing Pvt Ltd, a Bengaluru-based company that ran a ponzi scheme in the name of halal investment. The company had promised high returns to its investors, mostly from the Muslim community, by investing their money in gold and forex trading. However, the company allegedly diverted the funds to other businesses and personal expenses, and defaulted on the payments to the investors.
The ED had registered a money laundering case against Ambidant Marketing Pvt Ltd and its promoters, Syed Fareed Ahmed and Syed Afaq Ahmed, in 2018, based on an FIR filed by the Bengaluru police. The ED had also attached assets worth Rs 1.97 crore of the company and its promoters under the PMLA. The ED had also found links between Ambidant Marketing Pvt Ltd and senior Congress leader D K Shivakumar, who is also facing a money laundering case.
Prakash Raj is the latest celebrity to be summoned by the ED in connection with money laundering cases. Earlier, the ED had summoned actors Ranbir Kapoor, Jacqueline Fernandez, Nora Fatehi, and Rakul Preet Singh in different cases related to online gaming and betting apps. The ED has alleged that these actors had received money and gifts from the promoters of these apps, which are under investigation for illegal and fraudulent activities.
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