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A special court in Port Blair rejected the bail plea of four people, one of them former Andaman and Nicobar Islands MP and Congress leader Kuldeep Rai Sharma, arrested by the ED in a Rs 500 crore cooperative bank "fraud" linked money laundering case, the agency said on Monday. On December 12, the Prevention of Money Laundering Act (PMLA) court dismissed the plea of Sharma, an ex-Chairman of the Andaman and Nicobar State Cooperative Bank (ANSCBL), the bank's managing director, K Murugan, loan of ...Read More >
According to the probe agency's final report, the group layered the flow of illicit funds through 111 shell companies, routing about Rs 1,000 crore via mule accounts The CBI has filed a chargesheet against 17 people, including four Chinese nationals, and 58 companies for their alleged roles in a transnational cyber fraud network that siphoned off over Rs 1,000 crore through a sprawling web of shell entities and digital scams, officials said on Sunday. After busting the racket in October, inves ...Read More >
The Enforcement Directorate (ED) on Saturday continued its searches for the second consecutive day at multiple locations across Uttar Pradesh, Jharkhand and Gujarat in connection with the codeine-based multi-crore cough syrup diversion racket as investigators suspect involvement of nearly 454 additional firms and their operators in the syndicate. According to official sources, the ongoing searches have resulted in the recovery of a substantial volume of documents and digital evidence, including ...Read More >
The Enforcement Directorate (ED) on Monday carried out searches at around a dozen locations across Maharashtra in connection with an alleged Foreign Contribution Regulation Act (FCRA) violation case linked to the Jamia Ismalia Ishatul Uloom (JIIU) trust, officials said. The raids were conducted at premises in Nandurbar district as well as in Mumbai, as part of an ongoing money-laundering investigation. According to officials, the case also names a Yemeni citizen, Al-Khadami Khaled Ibrahim Saleh ...Read More >
Enforcement Directorate launched searches across Delhi-NCR and Jaipur Friday in a major money laundering probe linked to an over 80 kg cocaine seizure. The operation targets at least five locations as part of an investigation into a Rs 900 crore drug haul from last year. Hawala operators were previously arrested in connection with the party drug intended for Australia. The Enforcement Directorate on Friday conducted simultaneous searches in Delhi-NCR and Jaipur in a drug trafficking-linked mone ...Read More >
Hyderabad: The Enforcement Directorate Hyderabad zonal office on Friday attached movable and immovable properties worth ₹12.6 crore belonging to Sahiti Infratec Ventures India Private Limited (SIVIPL), its former director Sandu Purnachandra Rao, his family members, and associated entities under the Prevention of Money Laundering Act.The action follows investigations triggered by multiple FIRs filed by Telangana police against SIVIPL and its promoters, based on complaints from investors alleging ...Read More >
MUMBAI: The Enforcement Directorate (ED) has provisionally attached movable and immovable assets valued at ₹67.79 crore in connection with its money laundering investigation against M/s Corporate Power Limited and its promoters-directors Manoj Jayaswal, Abhijeet Jayaswal, Abhishek Jayaswal, and others. The attachment, made under provisions of the Prevention of Money Laundering Act (PMLA), 2002, includes bank balances, land parcels, buildings, flats and commercial spaces spread across Maharashtr ...Read More >
A 72-year-old Mumbai businessman was allegedly duped of Rs 58 crore in a 'digital arrest' scam, one of the largest such cyber frauds reported involving an individual. Fraudsters posing as ED and CBI officials intimidated him and his wife via video calls, claiming he was involved in a money laundering case, and pressured him to transfer money to multiple bank accounts over two months. A 72-year-old businessman in Mumbai has allegedly been duped of a staggering Rs 58 crore in a 'digital arrest' s ...Read More >
The office of the additional director general of police, Maharashtra Cyber, serves as the nodal agency for cybersecurity and cybercrime enforcement in the state. Digital arrest frauds, in which organised syndicates impersonate government or law enforcement officials to extort large sums from citizens, have been increasingly prevalent in recent months, with fraudsters mostly targeting senior citizens and duping them of substantial amounts of money. In the latest case, a 72-year-old senior citize ...Read More >
Mumbai: The sessions court has rejected the bail plea of the CEO of Virgo Specialties Pvt Ltd (Virgo), Ketan Kadam, the alleged "mastermind" of the Rs 65 crore financial fraud linked to the BMC Mithi river desilting contracts. Refusing to grant bail in parity with his co-accused Jay Joshi, the judge said Kadam's role was much more serious as he has a direct involvement in the crime and has managed money received from the contractors in his shell companies. "He had played a role since prior to se ...Read More >
Mumbai: In the Mithi river desilting scam, the sessions court has refused to grant bail to Ketan Kadam of Virgo Specialties Pvt Ltd, observing financial transactions traced to his shell companies. A key accused in the case, he allegedly conspired with BMC officers, compelling the contractor to hire machines at an inflated rent from his firm, with certain conditions added by him to the tender. The scam allegedly caused a loss of Rs65 crore to the BMC. Defence Terms Charges 'Assumptive' The defe ...Read More >
The Ranchi wing of Enforcement Directorate (ED) said on Tuesday that their officials have attached 10 immovable properties worth Rs 15.41 crore in Kolkata and Howrah in West Bengal in connection with a large-scale goods and services tax (GST) input tax credit (ITC) fraud syndicate. According to a press statement issued by ED, the properties attached by its officials in West Bengal belong to Amit Gupta, one of the principal masterminds of the syndicate and its aides. Advertisement The attachme ...Read More >
Ranchi: The enforcement directorate (ED), Ranchi, on Monday provisionally attached 10 immovable properties worth over Rs 15 crore of the goods and service tax (GST) scam accused, namely Amit Gupta and his associates, in Kolkata and Howrah districts of West Bengal under provisions of the Prevention of Money Laundering Act (PMLA), 2002.In a statement on Tuesday, the ED said the attachment of assets, valued at Rs 15.41 crore, was a part of its ongoing efforts to trace and attach proceeds of crime i ...Read More >
The fraud exploited the mechanism of Input Tax Credit (ITC) under the GST system The Enforcement Directorate (ED) has attached 10 immovable properties, worth Rs 15.41 crore in Kolkata and Howrah as part of its investigation into a goods and services tax (GST) fraud that spans three states and involves 135 shell companies. The properties, attached under the Prevention of Money Laundering Act (PMLA), belong to Amit Gupta, one of the masterminds of the GST fraud syndicate, and his associates, the ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. ED, Ranchi has provisionally attached 10 immovable properties valued at Rs ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Also Read | Durga Puja 2025: Devotees Gather at Temples To Offer Prayers ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. In a statement, the ED said it initiated an investigation based on multi ...Read More >
Patna, Sep 29 (PTI) Jan Suraaj Party founder Prashant Kishor on Monday alleged that Bihar Deputy Chief Minister Samrat Choudhary had escaped trial in a decades-old murder case by "falsely" claiming to be a minor before the court. Addressing a press conference here, Kishor said Choudhary's affidavit, filed in 2020 at the time of getting elected to the state legislative council, flew in the face of his earlier claim before the apex court, and demanded his "immediate dismissal". Choudhary, a form ...Read More >
Patna: Jan Suraaj Party founder Prashant Kishor on Monday alleged that Bihar Deputy Chief Minister Samrat Choudhary had escaped trial in a decades-old murder case by "falsely" claiming to be a minor before the Supreme Court. Addressing a press conference here, Kishor said Choudhary's affidavit, filed in 2020 at the time of getting elected to the state legislative council, flew in the face of his earlier claim before the apex court, and demanded his "immediate dismissal". Choudhary, a former st ...Read More >
Bengaluru, 29 September 2025: Axis Bank, one of the largest private sector banks in India, in collaboration with Freecharge, has unveiled Credit on UPI with Gold Loans - India's first gold-backed credit line accessible through the Unified Payments Interface (UPI). This innovative product is designed to unlock the economic potential of gold assets, especially for micro, small and medium enterprises (MSMEs), self-employed entrepreneurs and merchants across both urban and rural India. Credit on UP ...Read More >
PATNA: Jan Suraaj Party founder Prashant Kishor on Monday alleged that Bihar Deputy Chief Minister Samrat Choudhary had escaped trial in a decades-old murder case by "falsely" claiming to be a minor before the Supreme Court. Addressing a press conference here, Kishor said Choudhary's affidavit, filed in 2020 at the time of getting elected to the state legislative council, flew in the face of his earlier claim before the apex court, and demanded his "immediate dismissal". Choudhary, a former st ...Read More >
NEW DELHI: The Department of Telecommunications (DoT) on Thursday signed a memorandum of understanding (MoU) with the Financial Intelligence Unit-India (FIU-IND) to enhance information sharing and coordination to stop the misuse of telecom resources in financial frauds and cybercrimes. FIU-IND is the central national agency responsible for receiving, processing, analysing, and disseminating information relating to suspected financial transactions and coordinating efforts against money launderin ...Read More >
Jan Suraaj Party founder Prashant Kishor. Bihar Chief Minister Nitish Kumar may be honest but his cabinet ministers and officers are looting crores from the people of the state, Jan Suraaj Party founder Prashant Kishor has told NDTV. The former poll strategist's remarks as he launched a series of attacks on leaders of the Bharatiya Janata Party-led National Democratic Alliance (NDA) in recent days ahead of the impending assembly elections. "I don't believe in the politics of targeting any ind ...Read More >
In 2024, Arunachal Pradesh Police arrested the Jha brothers for their role in a Rs 100 crore ITC scam, marking an earlier instance of their involvement in tax fraud The Enforcement Directorate's (ED) probe into the Rs 650 crore Input Tax Credit (ITC) scam has uncovered a web of fake firms and hawala traders, where even the names of Seema Haider and her husband Sachin were allegedly misused. According to reports, two brothers from Bihar's Darbhanga, Ashutosh Jha and Vipin Jha, have emerged as k ...Read More >
NEW DELHI - Opposition leader Rahul Gandhi said on Aug 13 that India's electoral system suffers from "serious discrepancies" and he pledged to continue challenging its integrity through public mobilisation and potentially the courts. Mr Gandhi, the scion of the Nehru-Gandhi dynasty that controls the main opposition Congress party, last week accused authorities of manipulating voter rolls by adding fake names in the 2024 general election and other recent polls. Prime Minister Narendra Modi's Bh ...Read More >
Mumbai: The Enforcement Directorate (ED) has arrested IAS officer Anil Pawar, former civic commissioner of Vasai-Virar City Municipal Corporation (VVCMC), along with his junior, deputy director of town planning Y S Reddy, and two others, including a former BVA corporator, in a money laundering case linked to the illegal construction of 41 buildings and defrauding flat buyers. The ED will produce the arrested individuals before the court on Thursday. According to the ED, Pawar engaged in extensiv ...Read More >
In a stunning turn of events, Viresh Joshi, once a key player at Axis Mutual Fund, has been arrested by the Enforcement Directorate on charges of money laundering. The case revolves around serious allegations of investor deception through front-running. Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 2 lakh crore by 'front-running' in trade activiti ...Read More >
Palghar, Maharashtra: The Directorate of Enforcement (ED), Mumbai Zonal Office, has intensified its probe into the multi-crore Vasai-Virar City Municipal Corporation (VVCMC) construction scam, conducting a major search operation across 12 locations in Mumbai, Pune, Nashik, and Satara on July 29, 2025. The raids were carried out under the Prevention of Money Laundering Act (PMLA), 2002, in connection with the case involving Jayesh Mehta and others, including senior VVCMC officials. The searches ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
VIJAYAWADA: YSRCP MP P V Midhun Reddy was arrested by Andhra SIT late on Saturday after nearly seven hours of questioning in the alleged Rs 3,200 crore liquor scam. The arrest comes after the anticipatory bail petitions of Mithun Reddy were rejected by AP high court and Supreme Court, reports Madhu Rasala.He is the second politician to be arrested in the alleged scam that took place during the previous YSRCP rule. With the latest arrest, the number of accused arrested so far has increased to 12. ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.