New Delhi, March 3
Directorate of Enforcement (ED) arrested Sukhvinder Singh Kharour and Dimple Kharour under the provisions of the Prevention of Money Laundering Act (PMLA), 2002 in connection with money laundering investigation against M/s Vuenow Marketing Services Ltd. and related entities and persons.
The officials said that the specific intelligence was gathered by ED that Sukhvinder Singh Kharour and Dimple Kharour were trying to fly out of India to escape from investigation, however due toactive Look out Circular (LoC) against them, they were detained at IGI Airport, New Delhi and later on both were arrested u/s 19 of PMLA.
ED investigation revealed that Sukhvinder Singh Kharour, the CEO and Founder of Vuenow Group is ‘mastermind’ of the scam who in connivance with his close associates orchestrated multi- thousand crore Rupees ‘Cloud Particle Scam’ where hard earned money of general public (investors) has been siphoned off by the accused persons for their personal gains. The underline business of cloud particle, based on sale and lease back model (SLB model) was found substantively non-existent and grossly over stated to cheat the investors.
The Proceeds of Crime (POC) amounting to Rs 3558 Crore (approx. ascertained so far) generated out of criminal activities were utilized for other than business purposes and further diverted by M/s VMSL and group companies in giving high commissions to the channel partners, purchase of various luxurious vehicles, gold and diamonds, routing of funds to the tune of hundreds of crores through shell entities and investment in properties. Further, POC to the tune of crores of Rupees was diverted into personal bank accounts of Dimple Kharour and to various entities, viz. Kharour Films LLP, Fruitchaat Entertainment Pvt.& AvniI T Infra Ventures Ltd, in which she is a Director / partner however, these companies do not have any relationwith cloud particle business.
The searches were also conducted at various premises of M/s Vuenow Marketing Services Ltd. and related entities under provisions of PMLA on 26.11.2024, 17.01.2025 and 24.02.2025, Properties worth Rs. 178.12 crores were attached vide Provisional Attachment Order dated 06.02.2025 and one accused Arif Nisar was arrested on 24.02.2025.
