Wed Nov 27 22:18:00 UTC 2024: ## IFS Officer, Husband Charged in ₹110 Crore Investment Fraud

**New Delhi, November 28, 2024** – The Enforcement Directorate (ED) filed a chargesheet on September 2nd against Indian Foreign Service (IFS) officer Neeharika Singh, her husband Ajit Kumar Gupta, and his companies, accusing them of money laundering linked to a ₹110 crore investment fraud. A Lucknow special court took cognizance of the chargesheet on November 25th.

The chargesheet, filed under the Prevention of Money Laundering Act (PMLA), alleges that Gupta, through his companies Anee Bullion and Industries Pvt. Ltd., Anee Commodity Brokers Pvt. Ltd., and Anee Securities Pvt. Ltd., and his proprietorship concern Anee Bullion Trader, defrauded investors through various schemes promising exorbitant returns (40% per annum). He also allegedly used the account of Eye Vision Credit Co-operative Society Ltd. to collect further funds. The ED claims that approximately ₹60 crore was never returned to investors.

The investigation stems from 33 FIRs filed by Uttar Pradesh Police. The ED alleges that the proceeds of the crime were used to purchase properties for Gupta and Singh. The agency had previously attached assets worth over ₹9 crore in connection with the case. Ms. Singh, who was questioned by the ED, was reportedly last posted with the Ministry of External Affairs in Delhi. The police have also filed 25 chargesheets in at least 12 related cases.

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