New Delhi, Feb 4 (NationPress) The Enforcement Directorate's Jalandhar Zonal Office executed a provisional attachment order on January 30, seizing assets worth Rs 19.10 crore as part of an ongoing investigation into money laundering activities associated with the Vuenov group of companies, as stated in an ED announcement on Wednesday.

This recent attachment highlights proceeds of crime totaling Rs 19.10 crore, manifested in the form of immovable properties, fixed deposits, and listed shareholdings. The assets are linked to Sukhvinder Singh Kharour, Vuenov Infratech Private Limited, Nitin Srivastava and his spouse Ruchi Srivastava, along with family members of Vijay, an accountant associated with the Kharour group, as per the statement.

Previous actions included a provisional attachment of properties valued at Rs 178.12 crore on February 6, 2025, and the freezing of Rs 73.72 crore during searches conducted on August 14, 2025.

Sukhvinder Singh Kharour and Dimple Kharour were detained on February 28, 2025, at Delhi's IGI Airport while attempting to escape, and Arif Nisar was captured on February 24, 2025. All individuals remain in judicial custody.

A prosecution complaint was submitted to the PMLA Special Court on April 24, 2025. The investigation originated from multiple FIRs filed under the Bharatiya Nyaya Sanhita, 2023, by Gautam Budh Nagar (Noida) Police and Punjab Police, concerning a significant investment fraud known as the 'Cloud Rupees Scam' or 'Cloud Particle Scam'.

Sukhvinder Singh Kharour, the CEO and founder of the Vuenov Group, allegedly masterminded the scheme in collaboration with other accused individuals and entities, misappropriating funds from thousands of public investors for personal gain.

The fraudulent operation exploited a sale and lease-back model for purported 'cloud particles'—allegedly data centre servers—promising attractive monthly rental returns. Investigations unveiled that the underlying business was mostly non-existent or significantly exaggerated, yielding little to no actual rental income from data centre clients.

The entire operation functioned as a money rotation scheme, using funds from new investors to pay partial returns to previous ones, creating a facade of legitimacy.

From approximately Rs 3,558 crore raised from investors through the sale of cloud particles, around Rs 1,800 crore was returned as fake rent, while the remaining proceeds of crime were misappropriated.

These funds were utilized for extravagant expenses, including substantial commissions to channel partners, acquisitions of luxury vehicles, gold, diamonds, routing through shell companies, and investments in properties worth hundreds of crores.

The ED continues its investigation to reveal the full scope of the fraud, trace additional diverted funds, and protect investor interests in this multi-thousand-crore deception that exploited trust in emerging tech investments.