ED Conducts Massive Raids Across UP In Rs 300 Crore Maxizone Ponzi Scheme Investigation

Dec 04, 2025 05:15 pm CST

The Enforcement Directorate has launched extensive raids at 20 locations across Uttar Pradesh in connection with the Maxizone Ponzi scheme that allegedly defrauded investors of over Rs 300 crore through false investment promises. Officials are gathering evidence of money laundering activities as the investigation continues into how promoters diverted funds through shell companies after collecting substantial investments.