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ED attaches assets worth ₹394 crore in 'Bikebot' scam case in UP
short by Shristi Acharya / on Sunday, 31 August, 2025
Enforcement Directorate has attached assets worth over ₹394 crore in the 'Bikebot' Ponzi scam case in Uttar Pradesh. Immovable properties, released mortgaged land worth ₹389 crore, and fixed deposits worth ₹5.12 crore were seized. The fraud scheme run by Garvit Innovative Promoters (GIPL) allegedly duped investors with false promises of returns through a non-functional bike taxi service.
read more at Tribune