Prakash Raj was summoned by ED in a 100-crore scam last month which came to a shock to many. Getting into the details, the ponzi scheme allegedly operated by the entity Pranav Jewellers has come under the ED's scrutiny based on a First Information Report (FIR) filed by the Economic Offences Wing (EOW) in Tiruchirapalli against Pranav Jewellers and others involved in the alleged financial wrongdoing.
As per the EOW, Pranav Jewellers collected a staggering Rs 100 crore from the public on the pretext of a gold investment scheme, promising lucrative returns. However, the company allegedly failed to fulfill its commitment, leaving investors in the lurch. Reportedly, Prakash was the brand ambassador of Pranav Jewellers and was earlier summoned by the Enforcement Directorate (ED) in the case.
The Special Cell, investigating economic offenses, has submitted a report stating that the actor is not involved in the investment fraud is untrue. According to the police, Prakash Raj was only acting in an ad film as the brand ambassador of the jewelry shop, and there was no need to question him. The Tamil Nadu police gave a clean chit to actor Prakash Raj.
On Friday, December 15, Prakash Raj took to his X, formerly known as Twitter and wrote, "For those who don’t understand Tamil. BREAKING NEWS:-Official announcement of the Investigation team. Actor prakash raj is not involved in any ponzi scam of tamilnadu s Pranav jewellers.. 🙏🏿🙏🏿🙏🏿I thank everyone who trusted me and stood by me .. #SathyamevaJayathe #justasking