ED arrests Bijnoriya in Nexa Evergreen money laundering case
Mr. Bijnoriya, one of the principal architects and operators of Nexa Evergreen Group, has been accused of carrying out fraudulent operations along with another partner in the firm
Subhash Chandra Bijnoriya, a key figure in the Nexa Evergreen Group, has been arrested by the Enforcement Directorate (ED) in connection with a money laundering investigation involving the fraud case against the company. Allegedly, Bijnoriya and another partner in the firm carried out fraudulent operations by establishing a network of companies and proprietorships in the names of associates and investors. The funds were then used for layering and routing the proceeds of crime.
According to ED officials, Bijnoriya allegedly lured investors with promises of assured returns and additional incentives. The ED's investigation revealed that the funds were collected through a Ponzi scheme and used to purchase immovable properties. The ED had earlier conducted searches in June 2025, leading to the seizure of cash and digital devices. Additionally, ₹15 crore from bank and crypto accounts linked to Nexa Group entities was frozen. The arrested individual was remanded to custody until August 13.
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