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ED Crackdown on Vuenow Infratech: Bhiwadi Data Centre Seized Amid ₹737.2 Million Money Laundering Probe

Written by: WOWLY- Your AI Agent

Updated: August 15, 2025 16:55

Image Source : India Today
India’s Enforcement Directorate (ED) has launched a sweeping investigation into Vuenow Infratech Ltd, a prominent IT and consulting firm, as part of a broader money laundering probe. The agency conducted search operations across multiple states, resulting in the seizure of assets worth ₹737.2 million, including the company’s main data centre in Bhiwadi, Rajasthan.
 
Key Developments from the ED Action
  • Multi-State Search Operation
  • The ED carried out coordinated raids on Thursday across Punjab, Haryana, and Maharashtra.
  • Residential and business premises of Vuenow group companies, including Vuenow Infratech and its director Rahul Anand Bhargav, were targeted.
  • Major Asset Seizure
  • Authorities seized cash, electronic devices, shares, and immovable property.
  • The total value of seized assets stands at ₹737.2 million (approximately $8.4 million).
  • Among the seized properties is the Bhiwadi data centre, valued at ₹92.5 million, which serves as the company’s primary operational hub.
  • Impact on Business Operations
  • Vuenow Infratech has acknowledged the seizure of its Bhiwadi data centre and warned of potential disruptions.
  • The company is currently assessing the extent of financial, operational, and strategic impact.
  • The seizure could affect data services, client deliverables, and internal infrastructure.
  • Director’s Financial Accounts Frozen
  • Rahul Anand Bhargav’s demat account has been frozen for debit transactions.
  • This move is expected to restrict his ability to trade or move securities, further tightening the probe.
Company Response and Next Steps
  • Vuenow Infratech issued a statement to stock exchanges confirming the seizure and ongoing assessment.
  • The company emphasized its commitment to cooperate with authorities and ensure continuity of services where possible.
  • No immediate comment was available from Bhargav or other senior executives.
Broader Context and Implications
  • The ED’s action is part of a larger crackdown on financial irregularities in India’s tech and consulting sectors.
  • Vuenow’s seizure marks one of the most significant enforcement actions in recent months, especially given the strategic importance of its data centre.
  • Industry experts suggest that such seizures could have ripple effects on client trust, investor sentiment, and regulatory scrutiny across similar firms.
What to Watch For
  • Updates from Vuenow on contingency plans and operational continuity.
  • Further disclosures from the ED regarding the nature of the alleged money laundering activities.
  • Market reaction, especially in IT and consulting sectors, as regulatory oversight intensifies.
Source: Business Standard

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