An ED complaint is filed against the Unickon group and its promoters.

Directorate of Enforcement launched prosecution probe against Unickon group and its promoters . Vikas Mallan, his wife Sonia Nagpal, and Ram Mohan Gupta, the promoters of Unickon Securities, Unickon Financial Intermediaries, Unickon Real Estate, and i360 Staffing and Training Solutions .

The Directorate of Enforcement reported on Thursday that a prosecution probe was launched against Unickon group and its promoters in a Sebi-related money laundering investigation.The Directorate of Enforcement also prosecuted Vikas Mallan, his wife Sonia Nagpal, and Ram Mohan Gupta, the promoters of Unickon Securities, Unickon Financial Intermediaries, Unickon Real Estate, and i360 Staffing and Training Solutions.The Unickon group of companies' flagship firm was United States plc.It was also registered with the Securities & Exchange Board of India (Sebi) as a stock-broker and depository participant of Central Depository Services Limited (CDSL).Around 4,156 investors approached Sebi and lodged lawsuits for non-receiving of their money and securities on January 2014.

Under the Prevention of Money Laundering Act, 2002, ED launched an investigation into this robbery of Rs 88 crore committed on the investors' funds and securities.Unickon Securities, according to a statement released by ED, was secretly and unauthorisedly engaged in providing loans to various banks and non-banking finance companies (NBFCs) for the purposes of obtaining loan funds.Unickon Securities, along with his wife Sonia Nagpal, Ram Mohan Gupta, Vikas Mallan, Sandeep Arora, and Neeraj Grover were also beneficiaries of the proceeds of crime obtained as part of the Prevention of Money Launder The matter has been referred to the Special Judge of the Patiala Court in New Delhi by the Special Judge.

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