ED Searches At Probo, Attaches Assets Worth INR 284 Cr

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SUMMARY

ED said the searches were also conducted at premises connected with the startup’s cofounders, Sachin Gupta and Ashish Garg, under PMLA

The ED said that various incriminating documents and “digital data” were seized during the searches

The ED also noted that the platform’s app and website had no mechanism for KYC verification and lacked any safeguards to prevent minors from registering as users

The Enforcement Directorate (ED) conducted search operations at four premises linked to the opinion trading platform



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ED Searches At Probo, Attaches Assets Worth INR 284 Cr


SUMMARY

ED said the searches were also conducted at premises connected with the startup’s cofounders, Sachin Gupta and Ashish Garg, under PMLA

The ED said that various incriminating documents and “digital data” were seized during the searches

The ED also noted that the platform’s app and website had no mechanism for KYC verification and lacked any safeguards to prevent minors from registering as users

The Enforcement Directorate (ED) conducted search operations at four premises linked to the opinion trading platform



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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