Renowned Actor Prakash Raj Summoned by ED in Rs 100 Crore Ponzi Scam Probe

Brief by Shorts91 Newsdesk / 02:56pm on 23 Nov 2023,Thursday Entertainment

Popular actor Prakash Raj faces questioning by the Enforcement Directorate (ED) in connection with a Rs 100-crore Ponzi scheme linked to Trichy-based Pranav Jewellers. The jeweler is accused of misleading the public with a gold investment scheme promising high returns. Prakash Raj, the brand ambassador for the jeweler, is now entangled in the money laundering inquiry. The ED's investigation exposed the diversion of funds to shell entities, with incriminating documents and unexplained cash seized during a raid. The actor, associated with successful films this year, is yet to respond to the summons.

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