Enforcement Directorate (ED) has taken action in the money laundering case related to Vuenow Marketing Services Limited. ED has seized 26 luxury cars, 6 immovable properties and 73 bank accounts. In this action, property worth Rs. 178.12 crore has been attached.

What is a scam?

Vuenow Marketing Services Limited is accused of embezzling crores of rupees by deceiving investors. The company raised money illegally and invested it in luxury cars, real estate and shell companies.

What all did ED seize?

✅ 26 Luxury Cars – Which includes high-end models like Mercedes, Range Rover and Lexus.

✅ 73 Bank Accounts – In which the money has been frozen.

✅ 6 Immovable Properties – Whose total value is in crores.

✅ Total Property Seized – ED has attached assets worth 178.12 crores.

ED Statement

According to ED, Vuenow Marketing Services Limited and its group companies misused the money of investors and tried to embezzle it through money laundering. All this is being exposed in ED’s investigation.

What’s next?

ED is conducting a deep investigation into this scam and new things may come to light in the coming days. ED is continuing its crackdown against such scam companies.

Lesson?

To avoid such frauds, investors should not invest money in any scheme without doing research!