Home |Hyderabad| Hyderabad Pmla Court Grants Custody Of Ashish Malik
Hyderabad: PMLA court grants custody of Ashish Malik
Malik was arrested in New Delhi for allegedly duping more than 1,000 people on the pretext of making investment in a Russian oil company named Roseneft Oil Company.
Malik along with his accomplices Sunil Singh and Sandeep Kaushik promised people of 20 per cent per month return on the pretext of making investment in Roseneft Hedge Fund and also launched two crypto coins named ‘RHFCOIN’ and ‘RHFGOLD’.
Subsequently, the accused and his accomplices siphoned off the funds thus collected, according to a press release. Proceeds of Crime (POC) in the subject matter is Rs. 52 crore, however further investigations are on to unearth the actual amount of POC.