ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps
1 month, 3 weeks ago

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps

New Indian Express  

KOCHI: Enforcement Directorate sleuths have arrested four Tamil Nadu natives over their links to China-based bogus loan apps, after a probe revealed the shell companies operated by them transferred over Rs 170 crore to their Chinese operators via Singapore since 2023. The arrested persons are Daniel Shivakumar, 37, director of Xoduz Solution in Jawahar Nagar, Chennai; Kathiravan Ravi, 42, director of Future Vision Media Solutions in Mudichur, Kancheepuram; Anto Paul Prakash, 32, proprietor of Global Exposition and Infomedia Solution in Alandur, Kancheepuram; and Allen Samuel, 29, director of Aprikiwi Solutions in Alandur, Kancheepuram. “One of the shell companies received Rs 115 crore in its bank account, of which Rs 110 crore was transferred to another account in Mumbai, and later sent to Singapore. Suspects arranged over 470 mule accounts by paying Rs 5,000 for each Last February, ED had registered a case of money laundering based on multiple FIRs lodged at various police stations in Kerala by victims of the bogus loan apps.

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History of this topic

ED arrests Tamil Nadu man in money laundering case linked to SDPI-PFI
2 days, 11 hours ago

ED arrests Tamil Nadu man in money laundering case linked to SDPI-PFI

India Today  

The Enforcement Directorate arrested a man from Coimbatore in Tamil Nadu following a fresh round of searches in a money laundering case against the Social Democratic Party of India, the political wing of the banned Popular Front of India, official sources said. An individual identified as Wahidur Rahman Jainullabudeen was taken into custody under the Prevention of Money Laundering Act …

ED conducts searches across four States in SDPI case
Trending News
2 days, 17 hours ago

ED conducts searches across four States in SDPI case

The Hindu  

The Enforcement Directorate on Thursday conducted searches across four States in connection with the money-laundering charge allegedly involving the Social Democratic Party of India. Earlier this month, the agency searched 12 locations across 10 States in the case against the banned outfit, the Popular Front of India, days after the arrest of SDPI national president M.K. The ED has alleged …

Tamil Nadu: ED reveals ₹1,000 crore liquor scam during searches
1 week, 2 days ago

Tamil Nadu: ED reveals ₹1,000 crore liquor scam during searches

Op India  

On 13th March, the Enforcement Directorate said that distilleries in Tamil Nadu have embezzled more than ₹1,000 crore in unaccounted cash, which was used as kickbacks to obtain “increased supply orders” from the state-run Tamil Nadu State Marketing Company Limited, which holds the liquor sales monopoly. ED searched the TASMAC headquarters, depots, distilleries, and the corresponding corporate offices for four …

ED attaches assets worth ₹1.90 lakh in Hyderabad human trafficking rackets operated by Bangladeshi nationals
1 week, 2 days ago

ED attaches assets worth ₹1.90 lakh in Hyderabad human trafficking rackets operated by Bangladeshi nationals

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office, has provisionally attached assets worth ₹1.90 lakh in connection with two cases of immoral trafficking rackets operated by Bangladeshi nationals in and around Hyderabad. The Telangana Police had conducted raids at two brothels on the outskirts of Hyderabad, uncovering an organised prostitution and human trafficking syndicate operated by Bangladeshi nationals. The victims, Bangladeshi …

BJP using ED as political weapon over Stalin's language stand: Tamil Nadu Minister
1 week, 2 days ago

BJP using ED as political weapon over Stalin's language stand: Tamil Nadu Minister

India Today  

Tamil Nadu Electricity and Excise Minister Senthil Balaji strongly condemned the Enforcement Directorate raids on Tamil Nadu State Marketing Corporation outlets - the state-run liquor sales agency - alleging that the central government is using the agency as a political tool. Because Tamil Nadu is exposing the three-language policy and delimitation issues, the Union government is using the ED to …

ED raids in Karnataka in gold smuggling case linked to actor Ranya Rao
1 week, 3 days ago

ED raids in Karnataka in gold smuggling case linked to actor Ranya Rao

India Today  

The Enforcement Directorate conducted searches in a dozen locations across Karnataka in connection with its probe into an international gold smuggling case following the arrest of Kannada actor Ranya Rao. Subsequent raids at her Bengaluru residence led to the seizure of gold jewellery worth Rs 2.06 crore and Rs 2.67 crore in cash, bringing the total confiscated assets to Rs …

ED unearths unaccounted cash deals in Rs 1,000-crore Tamil Nadu liquor 'scam'
1 week, 3 days ago

ED unearths unaccounted cash deals in Rs 1,000-crore Tamil Nadu liquor 'scam'

India Today  

The Enforcement Directorate on Thursday said it had unearthed a black money racket to the tune of over Rs 1,000 crore involving private distilleries, bottling firms and officials of the state-owned liquor corporation, Tasmac, in Tamil Nadu. During search operations at various premises across several districts in Tamil Nadu on March 6, the ED said it found "large-scale" corruption at …

ED facilitates restitution of ₹13.58-crore assets in “illegal” overseas remittance case
Trending News
2 weeks ago

ED facilitates restitution of ₹13.58-crore assets in “illegal” overseas remittance case

The Hindu  

The Enforcement Directorate has facilitated restitution of assets worth ₹13.58 crore to the victims of money laundering and rightful claimants in the “fake imports” case involving “illegal” overseas remittance of about ₹3,200 crore. “The ED probe revealed that huge amounts were remitted to various companies based in Hong Kong, SAR, China and Dubai, in connivance with several ‘hawala’ operators and …

ED arrests WTC Group promoter Ashish Bhalla on money-laundering charge
Top News
2 weeks, 2 days ago

ED arrests WTC Group promoter Ashish Bhalla on money-laundering charge

The Hindu  

The Enforcement Directorate has arrested Ashish Bhalla, promoter of WTC Group, on money-laundering charge in connection with a ₹3,000-crore ‘real estate fraud’ case in which thousands of investors were cheated of their hard-earned money. “Further investigation has revealed that WTC Group had collected more than ₹3,000 crore from various investors from different parts of the country, including Haryana, Uttar Pradesh, …

ED launches raids at Tamil Nadu minister Senthil Balaji’s premises
Trending News
2 weeks, 3 days ago

ED launches raids at Tamil Nadu minister Senthil Balaji’s premises

Hindustan Times  

The Enforcement Directorate on Thursday launched raids at multiple locations in Tamil Nadu in connection with a fresh money laundering probe against minister Senthil Balaji and others linked to alleged irregularities in the Tamil Nadu State Marketing Corporation that has a monopoly over liquor trade in the state, people aware of the matter said. The Supreme Court granted Balaji bail …

ED raids multiple places linked to Tamil Nadu Minister in money laundering case
Trending News
2 weeks, 3 days ago

ED raids multiple places linked to Tamil Nadu Minister in money laundering case

India Today  

The Enforcement Directorate conducted searches at over ten locations in Tamil Nadu on Friday, targeting premises linked to DMK leader and Tamil Nadu Minister Senthil Balaji and others in connection with a money laundering case. Merely three days later, on September 29, he was reinstated as Tamil Nadu’s Minister for Electricity, Prohibition, and Excise, the same portfolio he had held …

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records
2 weeks, 6 days ago

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records

India Today  

The Enforcement Directorate conducted raids on four premises linked to a Mumbai-based firm and its promoters in connection with a Rs 4,500 crore investment fraud case, in which approximately five lakh investors were duped, officials said on Monday. During the searches, various documents containing details of overseas assets currently being operated by family members of the main accused, the late …

ED raids multiple cities in Rs 600 crore crypto scam case
3 weeks, 5 days ago

ED raids multiple cities in Rs 600 crore crypto scam case

New Indian Express  

NEW DELHI: The Enforcement Directorate has conducted raids in several cities, including Delhi, Jaipur, and Mumbai, under the Foreign Exchange Management Act in connection with a Rs 600 crore cryptocurrency conversion case. "When users entered the login credentials, the spoofed website would show it wrong and thus the users would contact the number given on the spoofed website which would …

Gang of three from Tamil Nadu arrested in ₹1.38 crore ‘digital arrest’ fraud
3 weeks, 5 days ago

Gang of three from Tamil Nadu arrested in ₹1.38 crore ‘digital arrest’ fraud

The Hindu  

Three men from Namakkal, Tamil Nadu, have been arrested by the Cyberabad Cyber Crime Police for their involvement in a ₹1.38 crore ‘digital arrest’ fraud. Under immense pressure, the victim was tricked into transferring ₹1,38,60,000 across multiple bank accounts controlled by the fraudsters,” explained the police. The Cyberabad Cyber Crime Police initiated a thorough investigation, which revealed that the stolen …

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh
1 month ago

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh

The Hindu  

The cybercrime unit of Hyderabad police on Saturday arrested a fraudster who duped a person of ₹8.5 lakh in a cryptocurrency fraud through his digital trading platform. Ltd., under the guise of a legitimate trading platform through Bitcoin India Wallet and Exchange application and website. The case came to light when a 35-year-old resident of Jubilee Hills lodged a complaint …

Seven arrested for two separate ‘digital arrest’ scams worth ₹1.66 crore
1 month ago

Seven arrested for two separate ‘digital arrest’ scams worth ₹1.66 crore

The Hindu  

The cybercrime wing of the Cyberabad police on Friday arrested seven persons in two separate cases of ‘digital arrest’. In the first case, two persons involved in a ‘digital arrest’ fraud in which an 82-year-old retired engineer was duped of ₹1.38 crore, were arrested. The call was then transferred to a ‘cybercrime officer’ from Mumbai who coerced the victim to …

ED arrests three, including two Sri Lankan nationals, for smuggling foreign currency
1 month ago

ED arrests three, including two Sri Lankan nationals, for smuggling foreign currency

The Hindu  

Officials of the Directorate of Enforcement, Bengaluru Zonal Office on Wednesday arrested three persons, including two Sri Lankan nationals, allegedly trying to smuggle foreign currency totalling worth ₹2.12 crore. The accused, identified as Vimalraj Thuraisingam, who was attempting to smuggle the currency from Bengaluru to Colombo, was accompanied by another Sri Lankan national, Thileepan Jayanthikumar, and one Indian national, Veera …

CSR funds scam: ED raids multiple locations
1 month ago

CSR funds scam: ED raids multiple locations

The Hindu  

The Enforcement Directorate conducted multiple raids across the State in connection with the corporate social responsibility funds scam on Tuesday. Ananda Kumar, chairman of the National NGO Confederation, one of the firms set up by key accused Ananthu Krishnan to pull off the alleged scam, and the office of the Sri Sathya Sai Orphanage Trust, of which Mr. Kumar is …

Four of inter-State gang cheating people of offering online jobs arrested by Madurai district police
1 month ago

Four of inter-State gang cheating people of offering online jobs arrested by Madurai district police

The Hindu  

Four members of an inter-State gang, operating from Kerala and Karnataka, that cheated people of offering part-time online jobs were arrested by Madurai district police. Arvind said that cyber crime police had frozen various bank accounts of the accused with deposits of ₹76.52 lakh. They were arrested acting upon a complaint from a man from Silaiman near Madurai that he …

ED Conducts Searches in Kerala Over Alleged Fake CSR Fund Scam
1 month ago

ED Conducts Searches in Kerala Over Alleged Fake CSR Fund Scam

Deccan Chronicle  

Kochi/New Delhi: The Enforcement Directorate on Tuesday conducted searches at multiple locations in Kerala in connection with the alleged fake CSR fund scam, in which fraudsters duped many people of their funds by falsely promising to offer laptops, two-wheelers and home appliances at half the price.Official sources said the entities, trusts and individuals who have "received" money from Anandu Krishnan, …

Kerala 'Fake CSR Fund' Scam: ED Conducts Raids In Investigation Into 'Multi-Crore Fraud'
1 month ago

Kerala 'Fake CSR Fund' Scam: ED Conducts Raids In Investigation Into 'Multi-Crore Fraud'

ABP News  

The Enforcement Directorate on Tuesday carried out searches at multiple locations across Kerala as part of its investigation into an alleged fake Corporate Social Responsibility fund scam. The scam, which has allegedly defrauded thousands of people, involved fraudsters luring victims with false promises of laptops, two-wheelers, and home appliances at half price under the guise of CSR initiatives. The ED’s …

Half-price scam: Anandhu Krishnan holds 21 accounts, Rs 548 cr credited to firm
1 month ago

Half-price scam: Anandhu Krishnan holds 21 accounts, Rs 548 cr credited to firm

New Indian Express  

KOCHI: Anandhu Krishnan, the prime accused in the half-price scam, holds 21 bank accounts through which Rs 143.5 crore was received in multiple transactions, the crime branch probe into the case has revealed. The investigation also found that Rs 548 crore was credited to 11 accounts linked to Anandhu’s firm Social Bee Ventures in Kochi. Considering these findings and the …

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion
1 month, 1 week ago

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion

India Today  

The Enforcement Directorate on Saturday conducted search operations at 12 locations in Mumbai as part of an ongoing probe into an alleged bank fraud case involving Pushpak Bullion Pvt Ltd, its director Chandrakant Patel, Rialto Exim Pvt Ltd among others. Notably, the investigation carried out by the ED against Pushpak Bullion Pvt Ltd in 2022, also uncovered links between the …

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud
1 month, 1 week ago

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud

India Today  

The Enforcement Directorate has seized cryptocurrencies worth approximately Rs 1,646 crore in Ahmedabad, Gujarat, as part of its investigation into the massive BitConnect scam. The case revolves around Satish Kumbhani, the founder of the now-defunct crypto investment platform BitConnect, who has been under the scrutiny of the US Department of Justice for orchestrating one of the world's largest cryptocurrency frauds. …

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids
1 month, 1 week ago

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids

Live Mint  

The Enforcement Directorate has seized bank deposits worth ₹170 crore in a multi-state search against promoters of QFX Trade, an alleged fraudulent forex trading and deposit scheme, PTI reported. The ED said in a statement that it conducted multiple raids across locations in Delhi, Noida and Shamli in Uttar Pradesh and Rohtak in Haryana, during its investigations against QFX and …

Kerala crime branch SIT to take over half-price scam probe
1 month, 1 week ago

Kerala crime branch SIT to take over half-price scam probe

New Indian Express  

THIRUVANANTHAPURAM: A special investigation team of the Kerala Police’s crime branch wing will take over the probe into the multi-crore half-price scam that has witnessed hundreds of people from across the state raising complaints. Crime branch SP M J Sojan, who has probed several sensitive cases such as the deaths of Walayar girls, will lead the investigation. The state police …

ED’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached
1 month, 3 weeks ago

ED’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached

The Hindu  

From large tract of lands, residential premises and commercial properties, to bank accounts, overseas assets valued close to ₹16,000 crore across 16 foreign jurisdictions have been attached or frozen in the recent past by the Enforcement Directorate in more than 30 cases involving major business houses and prominent persons, including the founder and former chairman of Indian Premier League Lalit …

ED arrests four T.N. men in alleged ₹1,651-crore Chinese loan app scam
1 month, 3 weeks ago

ED arrests four T.N. men in alleged ₹1,651-crore Chinese loan app scam

The Hindu  

The Enforcement Directorate has arrested Daniel Selvakumar, Kathiravan Ravi, Anto Paul Prakash, and Allen Samuel, all Tamil Nadu natives, in the alleged ₹1,651-crore Chinese app loan scam. Various Chinese loan apps in APK format were circulated on social media websites. The money aggregated through online platforms was collected in the dummy/mule bank accounts opened by needy persons on a commission …

ED restores ₹100 crore to liquidator of Pixion Media Limited on behalf of banks
1 month, 3 weeks ago

ED restores ₹100 crore to liquidator of Pixion Media Limited on behalf of banks

The Hindu  

The Enforcement Directorate has restored assets worth ₹100 crore to the liquidator of Pixion Media Limited on behalf of the banks. The ED probe is based on seven cases registered by the Central Bureau of Investigation against the group companies, Pixion Media, Pearl Vision, Mahuaa Media, Century Communication, Pixion Vision, and Pearl Studios, related to Prabodh Kumar Tewari for allegedly …

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore
1 month, 3 weeks ago

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore

Hindustan Times  

The Enforcement Directorate has provisionally attached ₹5.58 crore worth of immovable properties and bank balances of Ludhiana Improvement Trust officials, including former chairperson Raman Bala Subramaniam, executive officer Kuljit Kaur, and others, under the Prevention of Money Laundering Act, 2002. The New Senior Secondary School Society, Sarabha Nagar, Ludhiana, has also been booked in the case. The ED had initiated …

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi
1 month, 3 weeks ago

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi

New Indian Express  

CHENNAI: Investigating a ‘digital arrest’ cyber scam case where a Chennai woman was defrauded of Rs 33 lakh, the Enforcement Directorate’s Chennai zone has arrested two masterminds in Kolkata and New Delhi while they were fleeing the country, an official release on Monday said. The agency said the duo played a key role in managing mule accounts, converting the illicit …

ED arrests two masterminds in ‘digital arrest’ scam
1 month, 3 weeks ago

ED arrests two masterminds in ‘digital arrest’ scam

The Hindu  

Directorate of Enforcement, Chennai, has arrested two masterminds in connection with a digital arrest scam. In a press release, the central agency said the investigation revealed a sophisticated system wherein cash withdrawn from mule accounts was converted into cryptocurrency and transferred to entities suspected to be based abroad. Additionally, the accused misused cash deposit machines to deposit cash into the …

ED attaches assets worth Rs 80 crore in money laundering case against pharma company
1 month, 3 weeks ago

ED attaches assets worth Rs 80 crore in money laundering case against pharma company

India Today  

The Enforcement Directorate attached immovable assets worth nearly Rs 80 crore in connection with a money laundering case against a pharmaceutical company. The ED began its investigation based on several FIRs filed by the Central Bureau of Investigation and the Anti-Corruption Bureau against Sharon Bio Medicine and others for allegedly committing fraud against banks by using bogus documents causing around …

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam
1 month, 3 weeks ago

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam

Live Mint  

Paytm clarified on Friday, January 24, that it had not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the leading fintech major was among companies facing a probe over ongoing cryptocurrency scams. "We confirm that we have not received any such new notice, communication, or query from the ED regarding the matter mentioned …

Puducherry cybercrime cops crack network extorting money from loan app users
1 month, 3 weeks ago

Puducherry cybercrime cops crack network extorting money from loan app users

New Indian Express  

PUDUCHERRY: Puducherry Cyber Crime police have uncovered a major cyber fraud network that has allegedly extorted hundreds of crores of rupees from victims across India through instant loan applications, and arrested a Kerala man, who had Rs 10.65 crore credited to his bank accounts. The probe began in 2023 when Andrews, a resident of Puducherry, registered a complaint alleging he …

Bengaluru: 3 Arrested For Rs 11.8 Cr 'Digital Arrest' Scam; Kingpin Believed To Be In Dubai
2 months ago

Bengaluru: 3 Arrested For Rs 11.8 Cr 'Digital Arrest' Scam; Kingpin Believed To Be In Dubai

ABP News  

The police have arrested three individuals for allegedly defrauding a software engineer of Rs 11.8 crore in a 'digital arrest' scam that took place in November last year. The victim, 39-year-old Vijay Kumar, was reportedly kept in 'digital arrest' for nearly a month, during which he was coerced into transferring the money, as per a report on PTI. The caller …

Suspicious cryptocurrency deal: 11 bank accounts frozen following flash inspections
2 months ago

Suspicious cryptocurrency deal: 11 bank accounts frozen following flash inspections

The Hindu  

Bank accounts of 11 persons who allegedly carried out cryptocurrency transactions with the support of a Kozhikode-based trading firm evading tax have been frozen by the Income Tax department. According to sources, illegal transactions worth ₹25 crore, which were carried out within the last three years using 1,500 bank accounts, were brought to light following the raid. In the preliminary …

ED raids on aide of missing 'crorepati' ex-constable in Bhopal, Gwalior: Sources
2 months ago

ED raids on aide of missing 'crorepati' ex-constable in Bhopal, Gwalior: Sources

India Today  

Three weeks after assets worth crores were recovered from the premises of former Madhya Pradesh transport department's 'crorepati' constable, Saurabh Sharma, in income tax department raids, the ED on Friday conducted searches at locations of people associated with him, sources said. Around Rs 14 crore in cash, gold worth over Rs 40 crore, silver worth around Rs 2 crore, several …

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe
2 months, 2 weeks ago

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe

Hindustan Times  

Mumbai/New Delhi: The Enforcement Directorate has frozen immovable assets worth ₹5.4 crore as part of its investigation into a ₹4,957 crore bank fraud allegedly involving the private firm M/s Pratibha Industries Ltd. ED freezes ₹ 5.4 crore assets in ₹ 4,957 crore bank fraud probe The frozen assets include bank balances and mutual funds, according to agency sources. The ED’s …

Karnataka: Fraudsters posing as ED officials loot ₹30 lakh in fake raid at house
2 months, 2 weeks ago

Karnataka: Fraudsters posing as ED officials loot ₹30 lakh in fake raid at house

Hindustan Times  

A group of six unidentified individuals, posing as officials from the Enforcement Directorate, allegedly raided a house in Bantwal town, Dakshina Kannada district, and fled with nearly ₹30 lakh in cash, along with five mobile phones, police said on Saturday. Efforts are being made to nab the accused, with further investigation currently underway, police said The incident took place on …

TBML scam: Hard disc seized by ED proved Hong Kong companies, bank accounts receiving laundered money operated from Chennai
2 months, 2 weeks ago

TBML scam: Hard disc seized by ED proved Hong Kong companies, bank accounts receiving laundered money operated from Chennai

New Indian Express  

CHENNAI: Five years after the Enforcement Directorate began investigating an international Trade Based Money Laundering scam orchestrated from Chennai, the recovery of a hard disc from a house in north Chennai in 2021 led to the discovery that the foreign bank accounts receiving the laundered money were being operated from the city. In September 2024, the owner of the house, …

ED arrests two people in money laundering case linked to co-operative bank
2 months, 2 weeks ago

ED arrests two people in money laundering case linked to co-operative bank

India Today  

The Enforcement Directorate arrested two people in connection with a money laundering case related to Nashik Merchant Co-operative Bank in Malegaon. The ED carried out an investigation based on a case that was registered in November 2024 after deposits of over Rs 100 crore cash in 14 new accounts with the Malegaon branch of NAMCO bank. The probe agency carried …

FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai
2 months, 2 weeks ago

FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai

New Indian Express  

CHENNAI: Distinct clues ranging from Facebook images and LPG gas cylinder deliveries to intelligence reports from Chennai Customs and data from the Tamil Nadu government’s commercial taxes wing were crucial to the Enforcement Directorate busting the International Trade Based Money Laundering scam in Chennai. Detected in 2016, the scam orchestrated the remittance of US dollars worth Rs 120 crore to …

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions
2 months, 3 weeks ago

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions

New Indian Express  

CHENNAI: An investigation by the Enforcement Directorate into a money-laundering scam where at least Rs 120 crore worth US dollars were sent to Hong Kong through multiple shady accounts with two Chennai banks has given the agency six of its 42 all-India Prevention of Money Laundering Act convictions till date. The probe is significant for multiple reasons; firstly, ED got …

Axis Bank manager, 3 others arrested for siphoning Rs 12 crore from Bengaluru firm
Trending News
2 months, 3 weeks ago

Axis Bank manager, 3 others arrested for siphoning Rs 12 crore from Bengaluru firm

India Today  

Four people, including the manager of a private bank, were arrested for allegedly siphoning off Rs 12.51 crore by stealing sensitive data from a company, police said on Saturday. The matter came to light after the director of Dream Plug Pay Tech Solutions Private Limited approached the police in November, alleging the siphoning of Rs 12.51 crore from the company’s …

MP: Indore MBBS student arrested over ₹8 lakh ‘crypto transfer’ to Chinese gang
2 months, 3 weeks ago

MP: Indore MBBS student arrested over ₹8 lakh ‘crypto transfer’ to Chinese gang

Hindustan Times  

A 23-year-old MBBS student from Madhya Pradesh's Indore was arrested for allegedly transferring ₹8 lakh in cyber fraud money to a gang of Chinese youths by converting it into cryptocurrency, PTI reported citing police on Wednesday. {{^userSubscribed}} {{/userSubscribed}} {{^userSubscribed}} {{/userSubscribed}} Deputy Commissioner of Police Rajesh Kumar Tripathi informed reporters that the accused identified as Vikram Vishnoi was arrested after evidence …

ED attaches properties in bank fraud case of Transstroy India Limited
2 months, 3 weeks ago

ED attaches properties in bank fraud case of Transstroy India Limited

Deccan Chronicle  

Hyderabad: The Hyderabad zonal unit of Directorate of Enforcement has provisionally attached immovable properties in the form of land parcels and residential premises worth Rs.48.71 crore under the provisions of the Prevention of Money Laundering Act -2002 in a bank fraud case being investigated against Transstroy India Limited and others. The ED investigation revealed that TIL and its directors and …

Software engineer in Bengaluru loses Rs 11.8 crore to 'digital arrest' scam
2 months, 3 weeks ago

Software engineer in Bengaluru loses Rs 11.8 crore to 'digital arrest' scam

Deccan Chronicle  

Bengaluru: A 39-year-old software engineer became a victim of a "digital arrest" scam and lost Rs 11.8 crore when fraudsters impersonating police officials claimed that his Aadhaar card was being misused to open bank accounts for money laundering, police said on Monday. Later, he got a call from a person claiming to be a police officer alleging that his Aadhaar …

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype
Trending News
3 months ago

Bengaluru engineer scammed of ₹11.8 crore in 'digital arrest' scam, duped by fake police, CBI officers over Skype

Hindustan Times  

A Bengaluru software engineer, 39, from GKVK Layout, near Hebbal, recently became a victim of a digital arrest scam, losing a staggering ₹11.8 crore. Digital arrest of Ahmedabad man uncovers Taiwanese-linked racket: Police According to Times of India report, the incident, which unfolded between November 25 and December 12, was reported to the North-East Cybercrime, Economic offences, Narcotics police. The …

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