ED Attaches Rs 15.97 Crore Assets in Apexa Group Fraud Case in Rajasthan

• The ED's Jaipur Zonal Office provisionally attached 37 immovable properties and one movable asset worth Rs 15.97 crore in the Apexa Group fraud case.
• Action was taken on January 21 under the Prevention of Money Laundering Act (PMLA), 2002.
• Attached properties include agricultural and residential land in Bundi, Baran, and Kota districts, linked to Murli Manohar Namdev and others.
• The Apexa Group allegedly defrauded investors of Rs 194.76 crore by promising unusually high returns through fraudulent investment schemes.
• Funds were diverted to purchase immovable properties and establish new business ventures for personal gain, leading to significant investor losses.

Why It Matters: ED attaches assets worth Rs 15.97 crore in Rajasthan's Apexa Group fraud, exposing a Rs 194.76 crore scam.