Thu Dec 04 07:42:15 UTC 2025: Here’s a summary of the text:

The Enforcement Directorate (ED) conducted searches across 20 locations in Noida, Ghaziabad, and Meerut (Uttar Pradesh) on December 4, 2025. The searches are part of a money-laundering investigation into the Maxizone ponzi scheme, which allegedly defrauded investors in Jharkhand of ₹300 crore. The scheme was reportedly operated by Chandra Bhushan Singh and Priyanka Singh, who are currently in judicial custody following their arrest by the Jharkhand Police. The ED’s Ranchi zonal office is leading the search operation.

Here’s the text rewritten as a news article:

ED Raids Multiple Locations in UP Over ₹300 Crore Jharkhand Ponzi Scheme

New Delhi – December 4, 2025 – The Enforcement Directorate (ED) today conducted searches at 20 premises across Noida, Ghaziabad, and Meerut in Uttar Pradesh as part of a money-laundering investigation connected to the Maxizone ponzi scheme. The scheme is alleged to have defrauded investors in Jharkhand of over ₹300 crore.

According to officials, the searches are linked to the operations of Chandra Bhushan Singh and Priyanka Singh, the alleged masterminds behind the scheme, who are currently in judicial custody after being arrested by Jharkhand Police several months ago.

The ED’s Ranchi zonal office is overseeing the operation. Investigators allege that investors were lured with promises of unrealistic returns, ultimately being defrauded of significant sums. The investigation is ongoing.

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