Vuenow Group Scam: The Enforcement Directorate (ED) has arrested Sukhvinder Singh Kharour, CEO of Vuenow Group, and his wife Dimple Kharour for their alleged involvement in a massive scam. The couple raised an estimated ₹3,558 crore by duping investors under the pretext of selling “cloud particles (servers)” and leasing them back with promises of monthly rental income.
Vuenow Group Scam: The Alleged Scam and Arrest
The ED has accused Sukhvinder Singh Kharour of masterminding the fraudulent scheme, which misled people into believing they were investing in cloud servers. The agency had issued lookout circulars against both Kharour and his wife to prevent them from fleeing the country.
On Friday, while they were attempting to board a flight to Nepal at Delhi’s Indira Gandhi International Airport, the couple was detained by immigration officials and subsequently arrested by the ED.
Vuenow Group Scam: Details of the Scam
The couple allegedly misled investors into believing they would receive guaranteed returns by leasing these servers. However, it is now being investigated how they raised substantial funds without delivering on their promises.
Conclusion
Vuenow Group Scam: The arrest of Sukhvinder Singh Kharour and his wife brings to light another example of fraudulent schemes that deceive investors. The Enforcement Directorate continues to probe the extent of their involvement in the ₹3,558 crore scam.
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