The Enforcement Directorate (ED) has begun a probe in an “investment scheme” linked to Q-Fon app that allegedly conned people by promising high interest rates on investment.

The ED Maharashtra unit conducted searches at 10 premises in Ahmedabad and three in Surat , allegedly linked to directors of Q-Fon entities and certain individuals or firms suspected of receiving investor funds.

The searches were carried out under the Prevention of Money Laundering Act (PMLA) and aimed at recovering financial documents, digital records, and other material to help trace the movement of funds. The probe was based on an FIR registered by Thane’s Vartak Nagar police station, which was later transferred to Thane Police’s Economic Offences Wing (EOW).

As per officials, the “digital investment plan” al

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