
Ponzi schemes: ED files charge sheet against Sun Pariwar
Hyderabad, Dec 23 (IANS) The Directorate of Enforcement (ED), Hyderabad Zonal Office, has filed a charge sheet under the provisions of the Prevention of Money Laundering Act (PMLA) against Sun Pariwar Vupadi Management Pvt Ltd, an official statement said on Tuesday.The charge sheet was filed before the Special PMLA Court of Metropolitan Sessions Judge, Rangareddy, and the court has taken cognizance of the same, the ED added.The Central agency initiated an investigation based on various FIRs registered by the Telangana Police against Sun Pariwar, Methuku Ravinder, and his close associates for cheating the general public/gullible investors in the garb of offering high returns on investments made in Sun Pariwar Group of companies and Sun Mutually Aided Thrift and Credit Co-operative Society L...









