ED, Kochi has conducted search operations on 11/06/2024 at 14 locations in Kerala, Maharashtra and Chattisgarh under the provisions of PMLA, 2002 at the premises of promoters and Leaders of HighRich Online group. During the search operations, various property documents, Rs. 70 Lakh in cash, jewellery and 4 number of four wheeler vehicles have been recovered and seized and Rs. 32 Crore in various bank accounts has been frozen. Total freezed/seized in this case till date is Rs. 260 Crore

The Directorate of Enforcement (ED), Kochi Zonal Office conducted searches on 11/06/2024 at 14 locations in Kerala, Maharashtra, and Chattisgarh under PMLA provisions, targeting Promoters and Leaders of HighRich Online group. \r

Approximately Rs. 32 Crore of proceeds of crime were frozen in various bank accounts, alongside seizure of around 70 Lakh in cash, jewellery, and four vehicles. Properties worth Rs. 15 Crore acquired from crime proceeds were traced. The investigation revealed involvement in cryptocurrency trading and a Ponzi scheme through HR Crypto Coin, promising 15% interest and referral income. \r

Around Rs. 1500 Crore was collected in this MLM scheme, with Rs. 250 Crore siphoned off by promoters K.D. Prathapan and Smt. Sreena Prathapan. Earlier, Rs. 212 Crore was seized in January 2024, totaling Rs. 260 Crore seized to date.