💨 Abstract

The Enforcement Directorate has arrested a CEO and his wife, accused of defrauding investors through a "cloud particle scam." Worth thousands of crores of rupees, the scam involved siphoning off investors' money for personal gains. The underlying business, based on a sale and lease-back model, was found to be non-existent or overstated.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖