ED Attaches Properties Worth Over Rs 25 Crore Of Methuku Ravinder And His Family Members

Enforcement Directorate, ED has attached various movable and immovable properties worth over 25 crore rupees in the form of bank balances and shares belonging to Methuku Ravinder and his family members in Sun Parivar Ponzi Scheme case.

ED initiated an investigation on the basis of various FIRs registered by the Telangana Police against the accused Methuku Ravinder and his close associates for allegedly cheating general public and



gullible investors in the garb of offering high returns on investments. It said, Methuku Ravinder and his associates cheated and defrauded more than ten thousand people and collected around 158 crore rupees from them. 

ED investigation revealed that the accused floated various schemes for duping investors by offering returns of up to 100 percent per year on investments.