ED attaches assets of Ponzi scheme running company Pearlvine

The Enforcement Directorate attached over Rs 29 crore in assets under anti-money laundering laws, targeting Pearlvine International for a Ponzi scheme across India. Operating since 2018, it collected membership fees and claimed 80 lakh members by 2022. The scheme was spearheaded by Neeraj Kumar Gupta with the website designed by Parvesh Saroha.