29 July 2024

The Directorate of Enforcement (ED), Jalandhar Zonal Office, has filed a Prosecution Complaint against Pipal Singh and others for orchestrating a Ponzi Scheme Fraud affecting investors in Punjab, Rajasthan, and Himachal Pradesh. Investigations revealed fraudulent activities involving Rs. 7.44 Crore through Nicer Green Group companies, with proceeds diverted to purchase properties. Assets worth Rs. 5.84 Crore have been seized, and Pipal Singh and his son are declared Proclaimed Offenders. The case remains under investigation as ED pursues further details.