Ranchi zonal team of ED has arrested M/s Maxizone Touch Pvt. in a huge multi-level marketing scam of about Rs 307 crore. Ltd. Director Chandra Bhushan Singh and his wife Priyanka Singh have been arrested. Both were arrested under PMLA on 16 December 2025. According to ED, this case is related to raising huge amount of money by cheating common people.
Investigation has revealed that the accused ran a fake MLM scheme, in which people were lured with high returns every month and huge profits on referrals. Through this scheme, an amount of more than Rs 307 crore was deposited in 21 different bank accounts. All this money was collected illegally, which ED has described as Proceeds of Crime, i.e. money earned from crime.
Shocking revelations in ED investigation
ED investigation has also revealed that both the accused had absconded after collecting the money. For the last three years he deliberately kept avoiding the police and investigating agencies. During this period, Jharkhand, Rajasthan and Assam police kept searching for him. It is alleged that an attempt was made to buy benami property, convert it into cash and hide the deposited amount in different ways. To avoid arrest, the accused were using fake identity cards, even fake names like Deepak Singh and kept changing their locations frequently.
On what basis did ED start the investigation?
ED had started this investigation on the basis of several FIRs registered in Jharkhand, Bihar, Uttar Pradesh, Rajasthan and Karnataka. In all these cases, the company and its directors are accused of defrauding the people. In this case, ED has already raided many places in Delhi, Noida, Ghaziabad, Vaishali of Bihar, Meerut, Ranchi and Dehradun on 16 September and 3 December 2025. During the search, fake ID cards, transaction diaries and notes, more than Rs 10 lakh in cash, names of many people and bank related documents, laptops and mobile phones, cryptocurrency worth about 15,000 USDT and a large number of real estate related documents were recovered. After the arrest, the court has sent Chandra Bhushan Singh to ED custody for 5 days. ED says that further investigation is going on in the case and the role of other people associated with the scam is also being investigated.
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