Inside the ₹3,558 Crore 'Cloud Particle Scam

VueNow specializes in providing IT as a Service (ITaaS) and Infrastructure as a Service (IaaS), offering advanced solutions like Edge Data Centers, Co-location services, and reliable Network Management. It was focusing on delivering customized IT solutions that align with our clients’ specific needs, helping them optimize operations and achieve lasting success.

Investigations revealed that Sukhvinder, CEO and founder of VueNow Group, allegedly led the scam through a fake "sale and lease-back" model. Disguised as a cloud particle technology venture, the scheme promised high returns but had little to no real operations.

In a significant development in one of India's largest financial fraud cases, the Enforcement Directorate (ED) has arrested Sukhvinder Singh Kharour and Dimple Kharour, the alleged masterminds behind the ₹3,558 crore 'cloud particle scam'. The duo was apprehended at Delhi's IGI Airport while attempting to flee the country, following an active Look Out Circular (LoC).

The scam, exposed after an FIR filed by Gautam Budh Nagar Police, revolved around Vuenow Group's deceptive 'sale and lease-back' model. Promoted as a cloud particle technology business, the company lured investors with promises of high returns from advanced tech services. However, investigations revealed the business was largely a facade, with no genuine operations.

Funds collected from investors were siphoned into personal accounts and shell companies linked to Dimple Kharour, including Kharour Films LLP and Fruitchaat Entertainment Pvt Ltd, which had no real connection to the claimed technology. Authorities also discovered that large commissions were paid to channel partners to sustain the scam’s growth, operating similarly to a Ponzi scheme.

The ED previously seized assets worth ₹178.12 crore from related entities under the Prevention of Money Laundering Act (PMLA). With another key suspect, Arif Nisar, already in custody, the investigation is expected to reveal further layers of financial misconduct.

The case has sparked renewed calls for tighter regulation of tech-based investment schemes in India, emphasizing the need for stronger oversight and investor protection measures.

Dr. Deepak Kumar Sahu, Editor-in-Chief-VARINDIA