India, Aug. 19 -- Pune Police commissioner Amitesh Kumar on August 17 ordered the interim attachment of bank accounts containing Rs.82.40 crore linked to Valentina Megacorp LLP, accused of collecting crores of rupees from thousands of citizens by promising attractive returns.

The action was taken under the Banning of Unregulated Deposit Schemes Act, 2019. Pune Police said it was the first such action under the law in the city.

According to police, Valentina Megacorp and its associated LLPs allegedly showed a 1% return on paper but promised investors returns of up to 5% a month. A preliminary investigation found that the entities had collected nearly Rs.43 crore from about 2,800 citizens.

The Economic Offences Wing (EOW) conducted a mon...