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The Enforcement Directorate (ED) has provisionally attached assets worthy ₹17.91 crore successful transportation with a pan-India Ponzi scam tally done the fraudulent concern website, officials said connected Friday (December 12, 2025).
The attachment was carried retired connected December 10 by the ED's Shillong Sub-Zonal Office nether the Prevention of Money Laundering Act (PMLA), 2002, which includes 13 immovable and 7 movable properties, among them respective luxury cars allegedly acquired utilizing proceeds of crime.
The wealth laundering probe stems from an FIR (First Information Report) filed by the CID (Criminal Investigation Department), Meghalaya Police, connected the ground of a ailment from the RBI (Reserve Bank of India), Shillong, followed by a chargesheet nether assorted IPC (Indian Penal Code) provisions against individuals progressive successful the strategy operated nether the banner 'Pearlvine International'.
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According to the ED, Pearlvine International — an unrecognised entity that falsely projected itself arsenic a U.S.-based institution — lured investors with lucrative schemes, collected a minimum rank interest of ₹2,250, and ran a Ponzi web crossed India from 2018 to March 2023. The operators besides held seminars nationwide to solicit investments, astatine 1 constituent claiming implicit 80 lakh members successful India and overseas successful 2022.
Investigators estimation that the entity collected astatine slightest ₹1,575 crore, of which ₹395.35 crore was ne'er returned to investors.
The probe has identified Neeraj Kumar Gupta arsenic the cardinal perpetrator, who purchased the domain pearlvine.com successful November 2015 and organised promotional seminars successful India and Thailand.
With the latest action, full attachments successful the lawsuit person risen to ₹54.98 crore, including an earlier attachment of ₹37.07 crore, the ED added.
Further probe is underway.
