India, April 15 -- A special court under the Prevention of Money Laundering Act (PMLA) on Monday released 10 co-accused on bond in a Rs.1,100-crore alleged Ponzi-style investment scam linked to chartered accountant Amber Dalal, observing that custody cannot be invoked at the trial stage as none of them had been arrested during the investigation.

The Enforcement Directorate (ED) case is based on a March 2024 FIR registered by the Economic Offences Wing (EOW). Investigators allege that Dalal, proprietor of M/s Ritz Consultancy Services, lured investors with promises of fixed monthly returns of 1.5% to 1.8% through claimed arbitrage and commodity trading, despite lacking registration with SEBI or authorisation to accept such deposits.

Acco...