Actor Prakash Raj Summoned by ED in Rs. 100 Crore Scam
Actor Prakash Raj has been summoned by Enforcement Directorate (ED) for questioning in connection with an alleged ₹100-crore Ponzi scheme involving Pranav Jewellers, of which he was the brand ambassador. The ED conducted raids on the jewelry chain's branches in Tamil Nadu and Puducherry, including Chennai, accusing them of running a Ponzi scheme that defrauded investors of ₹100 crore.
Despite serving as the brand ambassador for a considerable period, actor Prakash Raj has not issued a statement on the matter. As reported by NDTV, Pranav Jewellers' stores were closed in October, leading to a case filed against the owner, Madhan, by the Economic Offences Wing in Trichy, Tamil Nadu, based on complaints. Lookout notices had been issued for the owner and his wife earlier this month.
The ...