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Bike Bot Ponzi scam: ED arrests SP politician in Ponzi linked money laundering case

The Enforcement Directorate has arrested Dinesh Kumar Singh, a state secretary of the Samajwadi Party in UP after it raided his premises in Noida related to a money laundering investigation associated with the Bike Bot Ponzi scam. The scam is in relation to Garvit Innovative Promoters and its promoter, Sanjay Bhati, who were alleged to have launched an investment scheme where investors could purchase bikes and receive rental payments. The funds were then allegedly used in a manner like a Ponzi s...
Uttar Pradesh New Delhi Dinesh Kumar Singh Dinesh Singh Gujjar Sanjay Bhati Garvit Innovative Promoters Ltd

Samajwadi Party Politician Arrested In Ponzi Linked Money Laundering Case

The Enforcement Directorate on Monday said it has arrested an Uttar Pradesh-based state secretary of the Samajwadi Party after it raided his premises in Noida as part of a money laundering investigation linked to the 'Bike Bot' alleged Ponzi scam.
Uttar Pradesh Dinesh Singh Gujjar Sanjay Bhati Dinesh Kumar Singh Uttar Pradesh Police Garvit Innovative Promoters Ltd
Source: ndtv.com

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