ED attaches assets worth ₹427 crore in ₹2,459-crore Belagavi Ponzi scam
India’s Enforcement Directorate has seized assets valued at about ₹427 crore linked to a ₹2,459 crore Ponzi scheme centered in Belagavi. The scheme allegedly duped more than 35,000 investors, and the agency has attached properties belonging to the alleged mastermind Shivanand Neelannavar, his relatives and close associates as part of the investigation. The seized holdings comprise land parcels, commercial buildings and bank balances.