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Home World Asia Pacific

Dentsu India offices raided amid allegations of $16.5 million embezzlement scheme | News

13 December 2024
in Asia Pacific
Dentsu India offices raided amid allegations of .5 million embezzlement scheme | News
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The Enforcement Directorate (ED) conducted raids at 19 locations in Mumbai, Delhi, and Gurugram as part of a Rs 137 crore embezzlement case involving Dentsu India and Suumaya Group, uncovering cash, foreign currency, and gold bars. The investigation relates to fraudulent financial transactions tied to the Need to Feed programme, with allegations of inflated turnover and stock price manipulation. Dentsu India has denied involvement in the alleged fraud, emphasizing cooperation with authorities and previous reporting of suspected wrongdoing.

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Tags: AllegationsDentsuembezzlementindiaMillionNewsofficesraidedScheme
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