ED arrests husband-wife duo over ₹300 crore MLM fraud

ED arrests Maxizone Touch directors under PMLA for duping investors through a fraudulent MLM scheme worth ₹300 crore

December 18, 2025

Accused allegedly lured investors with high returns, referral benefits

ED says illicit funds were laundered through benami properties

The Enforcement Directorate (ED) has arrested a man and his wife for allegedly running a fraudulent multi-level marketing (MLM) scheme involving more than ₹300 crore, the agency said on Tuesday.

The accused, Chander Bhushan Singh and his wife Priyanka, directors of Maxizone Touch, were taken into custody by the ED’s Ranchi zonal office under the provisions of the Prevention of Money Laundering Act (PMLA).

The couple was already lodged in jail under judicial custody after being arrested by the Jharkhand Police a few months ago in connection with the same case.

According to the ED, Singh and his wife allegedly duped thousands of investors by luring them with promises of high monthly returns and lucrative referral incentives through a deceptive MLM model.

Investigators said the accused collected unauthorised deposits amounting to ₹307 crore using this modus operandi.

The federal probe agency further alleged that the couple laundered the illicit proceeds by routing funds through multiple accounts, converting them into cash and acquiring several properties through benami transactions to conceal the money trail.

The ED said the accused were wanted by police in Jharkhand, Rajasthan, and Assam in connection with multiple cheating and fraud cases.

The money laundering investigation was initiated based on a series of FIRs registered by police authorities in Jharkhand, Bihar, Uttar Pradesh, Rajasthan, and Karnataka, the agency added.

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