Mind is King – Ponzi Funds – Tribunal Upholds ₹5.5 Crore PMLA Attachment

Deepak Sharma Vs Deputy Director Directorate of Enforcement (Appellate Tribunal Under Safema At New Delhi) Ponzi Funds Parked through “Mind is King” – Tribunal Upholds Attachment of ₹5.5 Crore under PMLA The appellants challenged attachment of ₹5.52 crore (bank balances & properties) under PMLA. ED alleged that ₹5.5 crore received by M/s Mind is King from Future Maker Life Care Pvt. Ltd. (FMLC)- a ₹3,000-crore Ponzi scheme – represented laundered funds. Deepak Sharma claimed the money was payment for two lakh copies of his book “Mind is King”, while others argued th...