New Delhi: The Government of Uttar Pradesh has abolished a multi-gruesome memorandum (MoU) with the WuNo Infotech Private Limited after being arrested by the Enforcement Directorate (ED) for alleged money laundering activities by the company’s founder, after being arrested by the Enforcement Directorate (ED).
With the discovery of Ed that Wunono has “no real business”, the firm has also been blacklisted by the state.
The MoU was related to setting up data centers in state districts on investment of Rs 13,500 crore.
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The ED had sent a written communication to the UP government to share the details of its investigation, which made the state embarrassed which promoted the signature of the MoU in 2022. WuenoEstablished by Sukhwinder Singh Kharaur.
It was signed in the presence of the then Chief Secretary DS Mishra, the government claimed that UP had “become a favorite destination for data center operators”. The government participated with the company to facilitate statewide development.
At that time, Kharaur said that his company was “committed to setting up 750 data centers covering all 75 districts in the state”, stating that a pilot data center was already launched in Morta, Ghaziabad.
During the UP Global Investors Summit 2023, Kharaur was also seen speaking in the presence of several senior state government officials, expressing confidence in the policies of UP.
Speaking to Theprint, a senior government official said: “The agreement with Vuenow has been canceled and the company has been blacklisted.
The official said that the government has not received any amount from the company.
“This (deal) was still in a very early stage. He also said that the credit of the investor is checked before any transaction.
Case
It was in November 2022 that Kharaur, Chief Executive Officer and founder of WuNav Group, had signed a huge agreement with UP for the group company WuNo Infotech Private Limited (VIPL).
However, the ED arrested Khar and his wife Dimple from Indira Gandhi International Airport in New Delhi on 28 February, as “he was trying to get out of India to escape”. Sources in the ED said that they are being investigated for an alleged Ponzi scheme and money laundering activities.
The ED said in a statement that both were arrested under the provisions of prevention of Money Laundering Act, 2002 in connection with the Money Laundering Investigation against VIPL’s sister Kansorn Wuno Marketing Services Limited (VMSL) and concerned institutions and individuals.
A tip-off was obtained last year about the concerns of VIPL and her sister, in which the provisions of the Foreign Exchange Management Act were allegedly violated, after which the ED started its investigation.
During the investigation, the agency claimed that the promoters and directors of these firms were running a plan in which they lured people to invest in cloud particles or servers, for which they guaranteed the returns of 48 percent of the rent per year.
“These promoters and directors told investors that they would rent these cloud particles to customers, and the rental income would go to their (investors).
Instead, new investors were brought to old investors to pay, sisters firms zebyte Rental Planet Pvt Ltd (ZRPPL) and ZEBYTE Infotech PVT LTD (ZIPL) using bank accounts.
ThePrint had earlier stated that when the PMLA investigation is not stems by an investor’s complaint, ED claimed to establish that the money passed as rent for investors from customers was actually received from new investors and no real rental income was generated.
According to ED sources, the particle sold by the Wunev Group in the name of the Miclodparticle is Rs 41,253 per cloud particle, which is 1 TB storage. The ED has said that the multi-level plan by Kharaur had generated an amount of Rs 3,558 crore.
The ED has claimed that the income of an amount of Rs 3,558 crore arising out of criminal activities was used for the other other than commercial objectives and further M/S VMSL and group companies to give channel partners to the channel partners, purchasing various magnificent vehicles, purchasing gold and diamonds,
(Edited by Nida Fatima Siddiqui)
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