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 bank fraud case and Shridhar Patankar, brother-in-law of Shiv Sena chief Uddhav Thackeray. The probe agency found that Patankar's firm, Saibaba Grihanirmiti, had received several crores from a shell company, Humsafar Dealer Pvt Ltd, which was controlled by hawala operator Nandkishore Chaturvedi. The ED's probe uncovered that Rialto Exim Pvt Ltd was a related entity of the Pushpak Group and engaged in circular transactions with several affiliated entities, lacking any actual trade or business activities.

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History of this topic

₹42L assets attached in ₹8-cr post office fraud case in Jalandhar
5 days, 17 hours ago

₹42L assets attached in ₹8-cr post office fraud case in Jalandhar

Hindustan Times  

The Enforcement Directorate has provisionally attached movable and immovable properties worth ₹42 lakh under the provisions of the Prevention of Money Laundering Act, 2002 in connection with a fraud case. The ED had initiated the investigation on the basis of an FIR registered by the CBI in 2018 against Sanjeev Kumar, former sub-postmaster, Dakhni Gate, Nakodar sub-office, Jalandhar, and others …

ED arrests Tamil Nadu man in money laundering case linked to SDPI-PFI
1 week 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
1 week, 1 day 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 …

TASMAC issue: HC directs ED not to proceed further
1 week, 1 day ago

TASMAC issue: HC directs ED not to proceed further

Hindustan Times  

Chennai March 20 The Madras High Court on Thursday directed the Enforcement Directorate not to proceed further pursuant to its searches at state-run liquor retailer TASMAC's headquarters in the city recently. TASMAC issue: HC directs ED not to proceed further While giving an oral direction to ED in this connection, the HC also directed the central agency to produce copies …

Ramanathapuram police recover ₹5 lakh lost by youth to cyber fraud
1 week, 2 days ago

Ramanathapuram police recover ₹5 lakh lost by youth to cyber fraud

The Hindu  

Ramanathapuram Superintendent of Police G. Chandeesh recently handed over the recovered ₹5 lakh cash to a victim that was lost due to a cyber fraud. Pasupathi, aged 30, of Ilamanur, in February came across a post on social media platform, Instagram, about investments in crypto currency. As he was sent account details of a private bank, the victim as instructed …

New India bank fraud: EOW to again seek custody of 2 key accused
Trending News
1 week, 2 days ago

New India bank fraud: EOW to again seek custody of 2 key accused

Hindustan Times  

MUMBAI: The Economic Offences Wing of Mumbai police will again seek custody of former general manager of New India Cooperative Bank Hitesh Mehta and builder Dharmesh Paun in connection with the alleged embezzlement of ₹122-crore from the bank’s cash vaults. Hitesh Mehta, an employee of the bank since 1988, met RBI officials and confessed that he had been siphoning off …

Citizens cheated of ₹31.35 lakh in cyber fraud cases
Trending News
1 week, 2 days ago

Citizens cheated of ₹31.35 lakh in cyber fraud cases

Hindustan Times  

Three cases of cyber frauds were lodged in the city on March 17, where fraudsters duped citizens collectively of ₹31.35 lakh. In the first case, the Alankar Police have lodged a case against a nationalised bank manager for calling up a bank customer urging him to complete the Know your customer process and instead fraudulently transferred ₹8.60 lakh from the …

New India Bank case: Accused civil contractor held from Vadodara; in police custody till March 19
1 week, 6 days ago

New India Bank case: Accused civil contractor held from Vadodara; in police custody till March 19

Hindustan Times  

The Economic Offences Wing of the Mumbai police has arrested an accused from Vadodara in the ₹122-crore embezzlement at New India Cooperative Bank, an official said on Saturday. According to the police, ₹ 12 crore of the misappropriated amount was credited to the accused Kapil Dedhia’s account. Dedhia also received money from Unnathan Arunachalam, another wanted accused in the case, …

Mumbai Police makes fifth arrest in Rs 122 crore New India Bank fraud case
1 week, 6 days ago

Mumbai Police makes fifth arrest in Rs 122 crore New India Bank fraud case

India Today  

Mumbai Police's Economic Offences Wing has arrested civil contractor Kapil Dedhia, a wanted suspect in the Rs 122 crore New India Cooperative Bank misappropriation case. He allegedly received the money from three individuals: real estate businessman Dharmesh Paun, Unnathan Arunachalam--who is also a wanted suspect in the case--and Hitesh Mehta, the bank’s former general manager and head of accounts. Dharmesh …

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

Ranya Rao case: ED raids multiple locations in Bengaluru
2 weeks, 1 day ago

Ranya Rao case: ED raids multiple locations in Bengaluru

The Hindu  

The Directorate of Enforcement has joined the probe into the gold smuggling case involving Kannada film actor Ranya Rao, the stepdaughter of Director General of Police K. Ramachandra Rao. Ranya Rao was caught red-handed trying to smuggle 14.2 kg of gold at Kempegowda International Airport on March 3 by the Directorate of Revenue Intelligence. Now, ED has joined the probe, …

Ranya Rao case: ED raids multiple locations in Bengaluru, other places
Trending News
2 weeks, 1 day ago

Ranya Rao case: ED raids multiple locations in Bengaluru, other places

The Hindu  

The Enforcement Directorate on Thursday raided multiple locations in Bengaluru and some other places as part of a money laundering probe linked to the alleged gold smuggling racket in which Kannada actor Ranya Rao was arrested by the DRI in Karnataka, official sources said. A case has been field under the Prevention of Money laundering Act, taking cognisance of a …

ED raids in Karnataka in gold smuggling case linked to actor Ranya Rao
2 weeks, 1 day 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 facilitates restitution of ₹13.58-crore assets in “illegal” overseas remittance case
Trending News
2 weeks, 5 days 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
3 weeks 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 raids multiple places linked to Tamil Nadu Minister in money laundering case
Trending News
3 weeks, 1 day 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
3 weeks, 4 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 …

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids
1 month ago

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids

Op India  

The Enforcement Directorate seized cryptocurrency amounting to Rs 17.20 crore across multiple wallets during searches conducted at six locations in Haryana on Thursday, the agency said. The cryptocurrency, amounting to Rs 17.20 crore across multiple wallets, was owned and managed by one Mahesh Kumar and his associates, said the ED. “The search operations also resulted in the seizure of several …

CBI raids 60 locations across India in bitcoin and crypto fraud case
1 month ago

CBI raids 60 locations across India in bitcoin and crypto fraud case

Live Mint  

India's Central Bureau of Investigation raided 60 locations across India on Tuesday, February 25, in connection with a bitcoin and crypto fraud case, according to the official press release. The investigation agency conducted searches in major cities, including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru, among others, to identify individuals linked to the proceeds of the GainBitcoin scam. “Central …

ED raids multiple cities in Rs 600 crore crypto scam case
1 month 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 …

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 …

Two arrested for fake ED ₹20-cr extortion raid at South Delhi farmhouse
1 month, 1 week ago

Two arrested for fake ED ₹20-cr extortion raid at South Delhi farmhouse

Hindustan Times  

Two men have been arrested in connection with the attempted extortion case of ₹20 crore where seven men allegedly posing as Enforcement Directorate officers, barged into a businessman’s house in DLF Farms, Chhatarpur and threatened to arrest him. The alleged incident happened on October 21 last year, when the accused reached the 56-year-old businessman’s house at 11.15pm. The alleged incident …

DRI busts seven more modules involved in printing fake Indian currency notes in four States
1 month, 1 week ago

DRI busts seven more modules involved in printing fake Indian currency notes in four States

The Hindu  

The Directorate of Revenue Intelligence has busted seven more modules involved in the printing of fake Indian currency notes in Maharashtra, Haryana, Bihar, and Andhra Pradesh. Earlier on February 8, the DRI had arrested two persons found to be the actual importers of high-quality paper with embedded security thread having inscriptions of “RBI” and “Bharat” in Ghazipur and Bengaluru. In …

Online frauds pocket ₹54 lakh from two in Kalaburagi
1 month, 1 week ago

Online frauds pocket ₹54 lakh from two in Kalaburagi

The Hindu  

Despite several awareness drives by the cyber police, people continue to fall prey to online frauds. In the latest of such crimes, two people from Kalaburagi were cheated of ₹54 lakh in as many incidents by fraudsters and two cases have been registered at the Cyber, Economic Offences and Narcotics Police here. In one of the cases, a resident of …

ED Conducts Searches in Kerala Over Alleged Fake CSR Fund Scam
1 month, 1 week 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, …

New India Cooperative Bank Scam: Accused Hitesh Mehta, Dharmesh Paun remanded to police custody till February 21
Trending News
1 month, 1 week ago

New India Cooperative Bank Scam: Accused Hitesh Mehta, Dharmesh Paun remanded to police custody till February 21

Live Mint  

Mumbai: A Mumbai Court has sent New India Cooperative Bank scam accused Hitesh Mehta and Dharmesh Paun to Police custody till 21 February. Hitesh Mehta, the former general manager of the bank, is accused of orchestrating a scheme that allegedly embezzled ₹122 crore from customer accounts while overseeing operations at the Dadar and Goregaon branches. The Mumbai bank scam reportedly …

ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case
1 month, 1 week ago

ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case

Deccan Chronicle  

The Enforcement Directorate has seized cryptocurrency worth Rs 1,646 crore during its ongoing investigation into the BitConnect cryptocurrency fraud. The seizure, which also includes Rs 13,50,500, an SUV, and several digital devices, follows searches conducted in Gujarat on February 11 and 15. The ED traced a complex network of crypto wallets involved in the transactions, many of which were linked …

ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud
1 month, 1 week ago

ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud

Live Mint  

The Enforcement Directorate has seized its biggest-ever cryptocurrency worth ₹1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where several depositors were duped in the name of securities investment. As per PTI, crypto worth ₹1,646 crore was seized and transferred into the agency's special crypto wallet, making it the biggest-ever seizure of virtual digital …

Breaking News: Former GM of New India Cooperative Bank Accused of ₹122 Crore Fraud | ABP NEWS
1 month, 1 week ago

Breaking News: Former GM of New India Cooperative Bank Accused of ₹122 Crore Fraud | ABP NEWS

ABP News  

In a major development, Hitesh Praveen Chand Mehta, the former general manager of New India Cooperative Bank, has been accused of embezzling ₹122 crore. The RBI has allowed withdrawals of up to ₹5 lakh per account, but many customers are still struggling to manage their financial needs, including paying bills and school fees. The RBI has posted notices at the …

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud
1 month, 2 weeks 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, 2 weeks 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 …

DGGI probe detects ₹1,196 crore fraudulent Input Tax Credit transactions
1 month, 2 weeks ago

DGGI probe detects ₹1,196 crore fraudulent Input Tax Credit transactions

The Hindu  

The Directorate General of GST Intelligence has unearthed fraudulent Input Tax Credit transactions amounting to ₹1,196 crore by exposing a network of bogus companies and arrested a person, as per an official release. The investigation showed that the accused had set up shell entities that generated fake invoices and e-way bills. The fraudulent network facilitated the availing and passing of …

₹4.9 crore in cash, 992 grams gold seized from moneylender in Gadag
1 month, 2 weeks ago

₹4.9 crore in cash, 992 grams gold seized from moneylender in Gadag

The Hindu  

In a major operation on illegal moneylending operations in Gadag, the District Police on Wednesday seized ₹4.9 crore in cash, 992 grams of gold ornaments and several documents from a loan shark during simultaneous raids at 13 locations in Betageri town. Apart from cash and gold jewellery, the police recovered 600 bank cheques, 650 bonds, nine bank passbooks, four ATM …

ED attaches moveable property in alleged disproportionate assets case against former U.P. Minister Gayatri Prasad Prajapati
1 month, 2 weeks ago

ED attaches moveable property in alleged disproportionate assets case against former U.P. Minister Gayatri Prasad Prajapati

The Hindu  

The Enforcement Directorate has provisionally attached ₹60 lakh in moveable property belonging to Anil Kumar Prajapati, son of former Uttar Pradesh Mining Minister Gayatri Prasad Prajapati, in connection with an alleged disproportionate assets case. “ED investigation revealed that Gayatri Prasad Prajapati, while holding the post of Mining Minister of Uttar Pradesh, misused his official position and had acquired huge assets …

Delhi court summons ED director over failure to provide documents in ₹88-crore SEBI fraud case
1 month, 3 weeks ago

Delhi court summons ED director over failure to provide documents in ₹88-crore SEBI fraud case

The Hindu  

A Delhi court has recently summoned the Enforcement Directorate director over the Central agency’s failure to supply legible copies of the documents related to the case to the accused booked in ₹88-crore Securities and Exchange Board of India- related cheating and fraud case. Special Judge Aparna Swami of Patiala House Courts ordered the present director of ED, Rahul Navin, and …

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 …

Ludhiana: 3 held over ₹80-crore fake billing scam
1 month, 4 weeks ago

Ludhiana: 3 held over ₹80-crore fake billing scam

Hindustan Times  

The local unit of directorate general of GST intelligence bused a fake billing scam worth ₹79.4 crore in the insurance sector, officials said, adding that three individuals were arrested. Following this, authorities cancelled GST registrations of 22 fraudulent firms and blocked ₹97 lakh in fake credit obtained through fake billing. They purchased fake bills from suppliers across Uttar Pradesh, Delhi, …

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore
1 month, 4 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 …

Hyderabad police nabs 52 persons including 3 senior bank officials in cybercrime cases
1 month, 4 weeks ago

Hyderabad police nabs 52 persons including 3 senior bank officials in cybercrime cases

Deccan Chronicle  

Hyderabad: Hyderabad cyber police detected a massive online trading fraud amounting to Rs 23 crores, which is being operated across India, Nepal and China, and arrested three bank officials from two different banks from Bengaluru. According to Hyderabad police commissioner C.V. Anand, fraudulent transactions with Rs 23 crore were routed through accounts created and managed by the accused, who are …

₹50-crore embezzlement case: Panchkula retired section official’s residence raided; ₹3.6 cr recovered
1 month, 4 weeks ago

₹50-crore embezzlement case: Panchkula retired section official’s residence raided; ₹3.6 cr recovered

Hindustan Times  

The Anti-Corruption Bureau, Faridabad, conducted a raid at the residence of retired section officer Shamsher Singh in Sector 26, Panchkula, as part of its investigation into a ₹50-crore embezzlement case linked to the Haryana development and panchayat department. The Anti-Corruption Bureau, Faridabad, conducted a raid at the residence of retired section officer Shamsher Singh in Sector 26, Panchkula, as part …

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi
2 months 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 …

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam
2 months 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
2 months 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, 1 week 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 …

Bengaluru techie loses Rs 11 crore to scammers posing as customs, ED officers
2 months, 1 week ago

Bengaluru techie loses Rs 11 crore to scammers posing as customs, ED officers

India Today  

A man working in the tech industry became the latest victim to a cyber scam and lost Rs 11 crore when fraudsters impersonating government officials called him and threatened to arrest him in a money laundering case. According to the police, the accused came to know that the victim, Vijay Kumar, had a market investment worth Rs 50 lakhs that …

ED raids on aide of missing 'crorepati' ex-constable in Bhopal, Gwalior: Sources
2 months, 1 week 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 attaches ₹486-cr Delhi bungalow in bank 'fraud' case
2 months, 1 week ago

ED attaches ₹486-cr Delhi bungalow in bank 'fraud' case

Hindustan Times  

New Delhi, The Enforcement Directorate Friday said it has attached a mansion worth ₹486 crore, located on Amrita Shergill Marg one of Delhi's costliest neighbourhoods in an alleged bank fraud-linked money laundering case against the erstwhile Bhushan Power and Steel and its promoters. ED attaches ₹ 486-cr Delhi bungalow in bank 'fraud' case The about an acre size residential dwelling …

Ludhiana man loses over ₹18L to investment fraud
2 months, 1 week ago

Ludhiana man loses over ₹18L to investment fraud

Hindustan Times  

A city resident fell victim to a fraud worth over ₹18 lakh after being lured by promises of a 5-lakh dollar investment. The complainant, Sukhbir Singh, 49, of Tagore Nagar, who runs a business involving agricultural residue was struggling with financial losses, was duped by three individuals, including conman Pinder Sodhi and a woman, impersonating as an official of the …

Bihar cooperative bank probe: ED arrests 4 in case involving RJD MLA
2 months, 2 weeks ago

Bihar cooperative bank probe: ED arrests 4 in case involving RJD MLA

The Hindu  

The Enforcement Directorate has arrested four people, including a former CEO, as part of a money laundering investigation linked to alleged embezzlement of funds at a Bihar cooperative bank promoted by an RJD MLA, official sources said on Sunday. The federal agency launched raids against RJD MLA from Ujiarpur Alok Kumar Mehta and some others allegedly linked to him in …

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