Influential Sandeepa Virk was arrested for Ed cracks whip arrested on fake ‘FDA-approved’ beauty products portal
After suppressing the illegal sale of beauty products that were wrongly sold as “FDA-approved”, the Enforcement Bureau (ED) conducted a special investigation after the Punjab registered FIR. In 2002, under the action of the Money Laundering Act (PMLA), the financial crime investigation agency conducted a search at several locations in Delhi and Mumbai from 12 to 13 August, related to Instagram influencer Sandeepa Virk and his associates. Virk was arrested on August 12 and released in the competent court, which approved the ED detention center until further investigation on August 14.
According to the emergency room, the above-mentioned individuals used a website to launder money that was based on limited product range, high prices, fake FDA claims and technical failures, and even purchased real estate through these false promises.
In a statement Wednesday, ED said the individuals involved “allegedly caused improper effects through false statements and deceived individuals to collect money under false pretexts.”
Ed
According to the agency’s investigation, its investigation found that Vick acquired real estate in her name through false promises and deception. She claims to own HybooCare.com, a website that allegedly sells FDA-approved beauty products, but found that the listed products do not exist. The site has no user registration feature, suffers from ongoing payment gateway issues, and displays minimal social media activity. Its WhatsApp contact number is inactive and lacks transparent organizational details – all of which point to non-vibrant business operations, ED said.
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“These factors, including limited product range, exaggerated prices, false claims approved by the FDA, and technical inconsistencies, suggest that the website is used as a front for money laundering funds,” ED said.
The investigation also shows that Virk has been in regular contact with the now lost former capital-dependent director Angarai Natarajan Sethuraman for suspected illegal liaison work. The agency said a search of Sethuraman’s residence confirmed the link.
ED alleges that funds were transferred for personal gain. In 2018, Reliance Commercial Finance Ltd (RCFL)’s Rs 18 crore public funds were issued to Sethuraman in violation of prudent loan norms. The loan terms that allow the postponement of principal and interest, multiple exemptions were approved, and no due diligence was conducted.
In another case, a home loan of Rs 2.2 crore from Reliance Capital was obtained in violation of prudent norms, with a large portion of the funds being “sneaked and left unpaid”.
During the search, ED seized documents and records of several charges and recorded statements from key individuals, including one Farrukh Ali.
