ED Arrests 3 Persons In Connection With Ongoing Investigation In Money Laundering Case Of Shine City Fraud

Enforcement Directorate (ED) has arrested three persons in connection with an ongoing investigation in a money laundering case of Shine City Fraud. They are Asif Naseem, Amitabh Kumar Srivastava and Meera Srivastava. ED initiated investigation on the basis of 250 FIRs registered by Uttar Pradesh Police against Rasheed Naseem and Shine City Group of Companies. 

It was alleged that they had collected 800



to one thousand crore rupees from the public in the name of investment and promised huge returns and finally cheated the investors by way of committing fraud. ED investigation revealed that Asif Naseem, Amitabh Kumar Srivastava and Meera Srivastava are the main accused and directors of Shine City group of companies who have lured the investors, collected money and cheated them.