ED Attaches Rs 19.10 Crore in Vuenow PMLA Case, Total Frozen Assets Exceed Rs 270 Crore
The Directorate of Enforcement (ED), Jalandhar Zonal Office, has provisionally attached assets worth Rs 19.10 crore under the Prevention of Money Laundering Act (PMLA), 2002. This action is part of an ongoing investigation into alleged large-scale money laundering involving the Vuenow Group of Companies.
Details of the Latest Attachment
With the latest attachment order issued on January 30, 2026, the total value of assets attached or frozen in this case has now risen to a staggering Rs 270.94 crore, according to an ED spokesperson. The attached assets include immovable properties, fixed deposits, and listed stockholdings belonging to key individuals associated with the Vuenow Group.
The individuals whose assets have been attached include:
- Sukhwinder Singh Kharour, Founder and CEO of Vuenow Group
- Dimple Kharour, wife of Sukhwinder Kharour
- Nitin Srivastava, an associate
- Ruchi Srivastava, wife of Nitin Srivastava
- Other individuals linked to the group
The immovable properties belong to Sukhwinder Singh Kharour, Vuenow Infotech Private Limited, Nitin Srivastava, Ruchi Srivastava, as well as family members of Vijay Jha, the accountant of the Vuenow Group. The attached stockholdings are held in the names of Sukhwinder Singh Kharour and Dimple Kharour.
Background of the Cloud Particle Scam
The ED initiated its investigation based on multiple FIRs registered under the Bharatiya Nyaya Sanhita (BNS), 2023, by Gautam Budh Nagar (Noida) police in Uttar Pradesh and the Punjab Police. According to the investigation, "Kharour, in connivance with other accused persons and entities, orchestrated a multi-thousand crore rupee cloud particle scam, siphoning off hard-earned money of gullible investors for personal gain."
The Vuenow Group is accused of defrauding thousands of investors through a cloud particle business model. This model, based on a Sale and Lease Back (SLB) arrangement involving so-called cloud particles, was found to be substantively non-existent and grossly overstated, with no real underlying commercial activity.
The Directorate discovered that "either no rental income or only insignificant amounts were received from data centre clients, exposing the entire operation as a money rotation scheme rather than a genuine technology business."
Scale of the Fraud
According to the investigation, the Vuenow Group collected approximately Rs 3,700 crore from investors under the guise of selling cloud particles. Of this amount, about Rs 1,800 crore was returned to investors as rent, while the remaining sum constituted Proceeds of Crime (PoC).
The ED stated that the diverted funds were used for various non-business purposes, including:
- Payment of high commissions to channel partners
- Purchase of luxury vehicles
- Acquisition of gold and diamonds
- Routing of hundreds of crores through shell entities
- Investment in properties
An ED official revealed that a portion of the laundered money was diverted to a company owned by Dimple Kharour, who would invest in filmmaking.
Previous Actions and Current Status
Earlier, the ED had provisionally attached PoC worth Rs 178.12 crore in the form of bank balances, vehicles, and immovable properties through an order dated February 6, 2025. An additional Rs 73.72 crore was frozen during search operations on August 14, 2025.
On February 24, 2025, another founder member of the company, Arif Nisar, was arrested. Sukhwinder and Dimple Kharour were arrested on February 28, 2025. All accused are currently under judicial custody.
A Prosecution Complaint against the accused and their related entities was filed before the Special PMLA Court on April 24, 2025. The ED has confirmed that further investigation into the case is underway, and additional assets linked to the proceeds of crime may be identified and attached in the future.
