The Directorate for enforcement (ED) attached impossible and moving properties worth 394.42 Crore in the case of bikebot fraud. File | Photo Credit: PTI
The Directorate for Enforcement of Law (ED) has a Provisional Real Estate and Moving Properties worth 394.42 Crore in the case of Bikebot fraud
The qualities were held in the name Kamakhya Educational and Social Welfare Trust, Kamakhya Educational Society, Guru Nanak Charity Trust, Alpine Technical Education Society, AP Goyal Charity Trust and One Meen Anand.
Garvit Innovative Promoters Limited and its promoter Sanjay Bhati, along with others, hovering investment plans in a bike bike name, where customers could invest in one, three, five or seven rounds – preserved and operated by a company that would be retained in multiple investments.
Incentives were also offered when adding multiple investors to binary/multi -level marketing structure. The company allocated franchises in different cities, but the bike taxi only in these cities barely worked.
According to ED, his investigation revealed that funds mobilized in Bikebot fraud were diverted to various related companies and subsequently layered through educational trusts, companies and individuals. These funds were used to buy real estate in Meerut and release previously mortgages from banks from banks.
“The current attachment covers the impossible real estate and loose land with a mortgage worth 20.49 GBP Crore and awarded at 389.30 Crore at the time of the predicate crime commission, as well as fixed deposits aggregate to £ 5. 2021 and 10 May 2024,” the agency said.
Complaints were complained to the complaint and three additional complaints against 27 accused. Ed earlier in the case of several places in December 2020 and July 2023.
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Published – 31 August 2025 14:53
