ED issued notices to actor Prakash Raj in Rs.100 crore money laundering case
Pranav Jewellers’ Fonzi Scam…
Amaravati: ED issued to actor Prakash Raj in Rs.100 crore money laundering case related to Pranav Jewellers. Prakash is the brand ambassador of Pranav Jewelers from Tiruchunapalli, Tamil Nadu. ED said that Prakash has to be investigated due to the 100 crores scam in this case, that is why the notices are being issued. It is being spread that actor Prakash has been paid a huge amount by the company to advertise on behalf of the company.
100 Crore Fraud through Ponzi Scheme :- Pranav Jewelers showed high profits to the customers and collected Rs.100 crores through Ponzi scheme, then the board of Pranav Jewelers turned it around. Several cases have been registered against the owner of the company Madan due to consumer complaints. At the same time, the central agencies issued look-out notices against him. In this case, the ED officials searched the branches and owners of the companies in Chennai and Puducherry on November 20. In this context, the ED has announced that Pranav Jewellers’ company has seized unaccounted cash of Rs.23.70 lakhs and several gold ornaments. Also, the ED officials found that there was a fraud of Rs.100 crores. Madan is absconding after ED searches. When will Prakash Raj go to trial..? Film circles are eagerly waiting for what he is going to say in the trial.
