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ED Attaches Rs 394 Cr in Worth Assets in UP's Bikebot Scam
The Daily Guardian
|September 01, 2025
Fresh assets worth more than Rs 394 crore have been attached under the anti-money laundering law in connection with an alleged Ponzi scam named 'Bikebot' that was reported from Uttar Pradesh, the Enforcement Directorate (ED) said on Sunday.
The properties are held in the name of Kamakhya Educational and Social Welfare Trust, Kamakhya Educational Society, Guru Nanak Charitable Trust, Alpine Technical Education Society, AP Goyal Charitable Trust and an individual named Meena Anand.
The total value of the attached properties is Rs 394.42 crore.
"The present attachment covers immovable properties and released mortgaged land worth Rs 20.49 crore (valued at Rs 389.30 crore) at the time of commission of the predicate offence, as well as fixed deposits aggregating to Rs 5.12 crore," the federal probe agency said in a statement.
This story is from the September 01, 2025 edition of The Daily Guardian.
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