ED Arrests Imposter for Interfering in Hyderabad Investment Fraud Case Auction
19 hours agoCrime
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7 SourcesSecunderabad, India
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ED Arrests Imposter for Interfering in Hyderabad Investment Fraud Case Auction

The Enforcement Directorate (ED) has arrested Kalyan Banerjee in Hyderabad for allegedly impersonating as a consultant and threatening ED officers to stall the auction of properties attached in a Rs 5,978 crore investment fraud case. Nowhera Shaik, the prime accused in the ponzi scheme, allegedly hired Banerjee to interfere with the probe and manipulate the auction process. The ED has attached assets worth Rs 428 crore and is seeking to restore funds to victims, facing repeated attempts by Shaik to halt the auction proceedings.

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