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Lucknow: ED has got a big success in the Shine City scam. The special court of Lucknow has declared promoter Rashid Nasim, a promoter of Shine City Group of Companies, as a fugitive economic criminal. The Uttar Pradesh Police has registered around 554 FIRs against Rashid Naseem and his companies. It is alleged that 800 to 1000 crore rupees were cheated from people in the name of investment. People were charged money by promising breathtaking returns and then Rashid Nasim escaped.
In the Shine City scam, the ED investigated the money laundering. In which many revelations were made. ED has so far attached assets worth Rs 189.39 crore. Investigation revealed that Rashid Nasim had left India and fled to Dubai. Non-bailable warrant, lookout circular and red corner notice have also been issued against him.
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