EOW books Plutus holdings and its former employee of cheating Provogue clothing of Rs 90 crores

Former Provogue promoters accuse Plutus Holdings and its employees of a ₹90 crore fraud during liquidation. Allegations include a conspiracy to undervalue assets, specifically a Hong Kong subsidiary, and failure to recover substantial export dues. The Economic Offences Wing is investigating the case, with an FIR registered against four individuals.