ED Attaches Over Rs 8 Crore Assets of Bengaluru Firm in Ponzi Case

The ED case stems from an FIR and charge sheet filed against the company and its promoters Tabrez Pasha, Abdul Dastagir, Tabrez Ulla Shariff, Syed Mudasir, Syed Muthahir and Fairoz Khan for “illegally” collecting funds from 1,148 depositors and “failing” to return Rs 29.17 crore.