The Enforcement Directorate (ED) has attached assets worth approximately ₹15.25 crore in a money laundering case linked to GoMillions LLP, a product-based multi-level marketing entity accused of allegedly operating an unregulated deposit collection scheme in Assam.
The attached assets include luxury vehicles, including a Porsche and a Mercedes-Benz, along with bank balances, fixed deposits and a stock market trading account, according to officials. The action was taken as part of the ED's investigation into alleged proceeds of crime generated through the scheme.
The probe agency initiated its investigation based on a First Information Report (FIR) registered by the Central Bureau of Investigation's Anti-Corruption Branch in Guwahati.
According to officials, GoMillions LLP promoters Rishiraj Gogoi and Joy Modak, along with their associates, allegedly operated a marketing agency called TradeBull. The entity allegedly collected deposits from members of the public by promising fixed daily returns of 0.85 per cent and assuring that investments would be doubled in approximately six months.
The agency alleged that the deposit collection activity was conducted without registration or authorisation from any regulator to accept public deposits.
During the investigation, officials found data relating to more than 25,410 unique investor identities on the entity's server. The total payment liability was estimated at around ₹34.93 crore.
The ED further alleged that approximately ₹63.41 crore was credited into the principal bank accounts of GoMillions LLP. According to the agency, the alleged proceeds of crime were subsequently layered through connected entities, including Rightway Infocom Pvt. Ltd., Carely Solutions Pvt. Ltd. and Lotus Corporation.
The agency alleged that funds were subsequently diverted into the personal bank accounts of the promoters and their family members. Officials also said the alleged proceeds of crime were invested in high-end vehicles, fixed deposits and a stock market trading account, while unaccounted cash was recovered during the investigation into the predicate offence.
The latest attachment forms part of the ongoing money laundering investigation. The agency is examining the movement of funds and the alleged role of the promoters and their associates in the suspected deposit collection scheme.
