PNB scam: ED files chargesheet against Mehul Choksi and 13 others
6 years, 8 months ago

PNB scam: ED files chargesheet against Mehul Choksi and 13 others

India Today  

Enforcement Directorate has filed a chargesheet against Mehul Choksi and 13 others in connection with Punjab National Bank scam. Three companies belonging to Mehul Choksi, Gitanjali Gems Ltd, Gili India and Nakshatra brands Limited have also been chargesheeted. These companies were fraudulently issued letters of understanding to the tune of Rs 3011.39 crore Funds were also diverted from Dubai to several overseas subsidiaries of Gitanjali Group. Also Read | PNB scam: Mehul Choksi seeks cancellation of non-bailable warrant

Pnb Mehul Choksi Pnb Scam  chargesheet  warrant  mehul  location  special  files  pmla  scam  pnb  13  nonbailable  choksi  companies  ed

History of this topic

Fugitive Mehul Choksi Living In Belgium With His Wife: Report
3 hours, 1 minute ago

Fugitive Mehul Choksi Living In Belgium With His Wife: Report

ABP News  

Mehul Choksi, a fugitive diamond trader who India is requesting be extradited in relation to the loan fraud case at Punjab National Bank, is currently in Belgium, media reports say. Reportedly, Choksi's wife, a Belgian citizen, helped him gain residency in Belgium and a F Residency Card on November 15, 2023. Choksi is well aware that Indian officials are working …

₹42L assets attached in ₹8-cr post office fraud case in Jalandhar
3 days, 1 hour 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 …

PNB loan scam accused Mehul Choksi not in country: Antigua's Foreign Minister
1 week ago

PNB loan scam accused Mehul Choksi not in country: Antigua's Foreign Minister

India Today  

Fugitive diamond merchant Mehul Choksi is currently not in Antigua, Foreign Minister of Antigua and Barbuda Paul Chet Greene told India Today TV. Until now, Choksi was believed to be in Antigua and Barbuda after leaving India in January 2018, shortly before the Rs 13,850 crore scam was found and the Central Bureau of Investigation filed FIRs. Choksi and his …

Wanted Arunachalam Ullahanathan Maruthuvar alias ‘Arun Bhai’, arrested in New India Co-operative Bank scam case
Trending News
1 week, 2 days ago

Wanted Arunachalam Ullahanathan Maruthuvar alias ‘Arun Bhai’, arrested in New India Co-operative Bank scam case

Live Mint  

Economic Offences Wing, Mumbai, has arrested Arunachalam Ullahanathan Maruthuvar, a wanted accused in the New India Co-operative Bank misappropriation case. EOW stated that it is alleged that Arunachalam Ullahanathan Maruthuvar received approximately ₹30 crores from the misappropriated funds of NICB from the main accused Hitesh Mehta. Other Arrests in New India Co-operative Bank Case On March 15, EOW of the …

PMLA court issues production warrant against hawala operator
3 weeks, 3 days ago

PMLA court issues production warrant against hawala operator

Hindustan Times  

MUMBAI: A special PMLA court has issued a production warrant against Alpesh Khara, a hawala operator from Charni Road, arrested in connection with the alleged fraud Ponzi scheme run through Torres Jewellery stores, in which thousands of investors were duped of crores of rupees. The court order came on an application filed by the ED, seeking production of Khara, who …

Jalandhar: ED arrests mastermind, wife in ₹3,558-crore investment scam
3 weeks, 3 days ago

Jalandhar: ED arrests mastermind, wife in ₹3,558-crore investment scam

Hindustan Times  

The Directorate of Enforcement, Jalandhar Zonal Office, arrested Sukhvinder Singh Kharour, CEO of VueNow Marketing Services Ltd, and his wife Dimple Kharour on Friday under the provisions of the Prevention of Money Laundering Act, 2002, in connection with the ₹3,558-crore cloud particle investment scam. The Directorate of Enforcement, Jalandhar Zonal Office, arrested Sukhvinder Singh Kharour, CEO of VueNow Marketing Services …

Two arrested by Cyberabad EOW in ₹850 crore ponzi scheme case
1 month, 1 week ago

Two arrested by Cyberabad EOW in ₹850 crore ponzi scheme case

The Hindu  

Two individuals have been arrested by the Economic Offences Wing of Cyberabad Police in connection with an ₹850 crore ponzi scheme linked to the Falcon Invoice Discounting Platform. Ltd. and Business Head of Falcon Invoice Discounting Platform, and Kavya Nalluri, Director of Capital Protection Force Pvt Ltd and Falcon Capital Ventures Pvt Ltd. “Investigations have revealed that the primary accused, …

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 …

U.P.: Another accused in ₹ 120 cr AKTU fraud held
1 month, 1 week ago

U.P.: Another accused in ₹ 120 cr AKTU fraud held

Hindustan Times  

Cybercrime police here on Thursday arrested another accused in last year’s ₹120 crore fraud at Dr APJ Abdul Kalam Technical University here. In June 2024, a gang of cyber frauds procured an offer letter required for transfer of above ₹ 100 crore from a public sector’s branch manager and got a bank account opened while impersonating as authorised signatory of …

PNB loan scam: Court orders auction of assets owned by Mehul Choksi's firm
1 month, 1 week ago

PNB loan scam: Court orders auction of assets owned by Mehul Choksi's firm

India Today  

A Special CBI Court in Mumbai on Thursday granted permission for the auction of unsecured properties belonging to Gitanjali Gems Limited, a company owned by fugitive diamantaire Mehul Choksi. The court order lists several properties in Mumbai and Surat that will be auctioned: 7 flats in Kheni Tower in Mumbai’s Santacruz 1 Commercial Unit in Bharat Diamond Bourse, in Mumbai’s …

Prevention Of Money Laundering Act (PMLA): All India Annual Digest 2024
1 month, 2 weeks ago

Prevention Of Money Laundering Act (PMLA): All India Annual Digest 2024

Live Law  

Whether the High Court was justified in quashing the summons issued to the respondent merely on the premise that the respondent was discharged in the predicate offence. Bombay High Court Grants Bail To Accused In ₹6606 Crore Bitcoin Fraud Case, Cites Her Being A Woman, Mother Of Six-Yr-Old Case Title: Simpy Bhardwaj vs Union of India Citation: 2024 LiveLaw 522 …

Delhi High Court Quashes PMLA Proceedings Against BPSL In ₹47,000 Crore Bank Fraud Case Due To Successful CIRP
1 month, 2 weeks ago

Delhi High Court Quashes PMLA Proceedings Against BPSL In ₹47,000 Crore Bank Fraud Case Due To Successful CIRP

Live Law  

The Delhi High Court recently quashed criminal proceedings against Bhushan Power & Steel Limited in relation to a complaint filed by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 in view of Section 32A of the Insolvency and Bankruptcy Code. “A plain reading of the above provision would reveal that there is no dispute over the legal …

ED crackdown on NSEL: Fresh chargesheet filed against 19 broking firms over money laundering concerns
1 month, 2 weeks ago

ED crackdown on NSEL: Fresh chargesheet filed against 19 broking firms over money laundering concerns

Live Mint  

The Enforcement Directorate has filed a fresh chargesheet in connection to the National Spot Exchange Limited linked money laundering case, the agency said in a statement on Wednesday. On January 28, a complaint was filed before a special Prevention of Money Laundering Act court in Mumbai against 19 broking firms and their directors for allegedly engaging with NSEL officials to …

Bank Fraud | Punjab & Haryana High Court Grants Bail To Man Booked Under PMLA On Grounds Of Long Incarceration
2 months ago

Bank Fraud | Punjab & Haryana High Court Grants Bail To Man Booked Under PMLA On Grounds Of Long Incarceration

Live Law  

The Punjab & Haryana High Court has granted bail to the former director of SEL Textiles Limited Neeraj Saluja in a money laundering case, accused of diverting loan amount for purposes other than what it was sanctioned for. "Thus, when further proceedings in pursuance of FIR as well as ECIR have been stayed by a Division Bench of this Court; …

Multi-crore Torres Ponzi scam: Police waiting for threat perception report in whistle blower’s plea for protection
2 months, 2 weeks ago

Multi-crore Torres Ponzi scam: Police waiting for threat perception report in whistle blower’s plea for protection

Hindustan Times  

MUMBAI: The state government on Friday informed the Bombay high court that the additional commissioner of police was waiting for a threat perception report before responding to the application for police protection filed by Abhishek Gupta, a chartered accountant, who claims to be the whistle-blower in the Torres Jewellery fraud. The jewellery store chain defrauded more than 125,000 investors from …

ED attaches assets worth over Rs 8 crore in black money-linked case in Maharashtra
2 months, 3 weeks ago

ED attaches assets worth over Rs 8 crore in black money-linked case in Maharashtra

India Today  

The Enforcement Directorate on Thursday attached assets worth more than Rs 8 crore as part of an alleged black money-linked money laundering case in Maharashtra. A provisional attachment order has been issued under the Prevention of Money Laundering Act against two persons identified as Siddharth Abhay Chokshi and Abhay Sajanlal Chokshi, the agency said in its statement. Siddharth Abhay Chokshi …

Four arrested for siphoning off ₹12.5 cr from CRED, Bengaluru police uncover major crime: Report
Trending News
2 months, 3 weeks ago

Four arrested for siphoning off ₹12.5 cr from CRED, Bengaluru police uncover major crime: Report

Hindustan Times  

In a major cybercrime case, Bengaluru police have arrested four individuals from Gujarat who allegedly embezzled ₹12.5 crore from credit card payments platform CRED, reported Deccan Herald. According to the report, CRED’s corporate account is managed through Axis Bank’s Indiranagar branch in Bengaluru and authorities have managed to recover ₹1.83 crore of the stolen amount. The accused reportedly identified vulnerabilities …

ED attaches properties in bank fraud case of Transstroy India Limited
3 months 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 …

ED raids multiple locations of Concast Steel and Power Group, seizes jewellery and vehicles
3 months, 1 week ago

ED raids multiple locations of Concast Steel and Power Group, seizes jewellery and vehicles

The Hindu  

The Kolkata Zonal Office of the Directorate of Enforcement conducted search operations at 13 places of Concast Steel and Power Group and seized gold and jewellery worth ₹4.5 Crore as well as eight vehicles including luxury vehicles. ED initiated investigation on the basis of FIR registered by CBI, BSFB, Kolkata under various sections of IPC, 1860 and Prevention of Corruption …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
3 months, 2 weeks ago

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case

Hindustan Times  

Mumbai: A special court in Mumbai on Tuesday permitted the monetisation of properties worth ₹2,565.9 crore that were attached or seized by the Enforcement Directorate since 2018 as part of its money laundering investigation against fugitive diamantaire Mehul Choksi in the alleged Punjab National Bank fraud. Mehul Choksi The court's decision followed an application from the victim banks, Punjab National …

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case
Trending News
3 months, 2 weeks ago

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case

India Today  

The Enforcement Directorate, Mumbai, has successfully handed over properties worth more than Rs 125 crore to the liquidator of Gitanjali Gems Ltd. Following an application supported by the ED, the Special PMLA Court in Mumbai approved the monetisation of properties worth Rs 2,565.90 crore linked to Mehul Choksi. PROPERTIES HANDED OVER As per the court’s order, ED initiated the transfer …

Suspended IAS officer Pooja Singhal gets bail in MGNREGA scam case
3 months, 2 weeks ago

Suspended IAS officer Pooja Singhal gets bail in MGNREGA scam case

New Indian Express  

RANCHI: Suspended IAS officer Pooja Singhal, who was in jail for the last 28 months in a money laundering case linked to MGNREGA scam, was granted bail by a special Prevention of Money Laundering Act Court in Ranchi on Saturday. The Enforcement Directorate, after an interrogation for over 15 hours, had arrested the then mining secretary Pooja Singhal on May …

Prosecution sanction for Kejriwal in excise case enough for money laundering trial: ED
3 months, 3 weeks ago

Prosecution sanction for Kejriwal in excise case enough for money laundering trial: ED

New Indian Express  

NEW DELHI: The Enforcement Directorate informed a Delhi court on Thursday that the sanction obtained to prosecute former chief minister Arvind Kejriwal in the corruption case related to the Delhi excise policy was comprehensive enough to try him in a related money laundering case as well. The ED made its submission before Special Judge Kaveri Baweja of the Rouse Avenue …

ED files chargesheet against IFS officer, husband in investment 'fraud' linked money laundering case
3 months, 3 weeks ago

ED files chargesheet against IFS officer, husband in investment 'fraud' linked money laundering case

The Hindu  

The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case. The money laundering investigation began after the ED took cognisance of 33 FIRs registered by the Uttar Pradesh Police against Gupta and various other persons/entities, for …

ED books IFS officer, husband, in investment fraud-linked money laundering case
3 months, 3 weeks ago

ED books IFS officer, husband, in investment fraud-linked money laundering case

Hindustan Times  

The Enforcement Directorate on Wednesday said that a chargesheet has been filed against Indian Foreign Service officer Neeharika Singh, her husband, and his companies in a money laundering case linked with an alleged investment fraud, PTI reported. What is the case The probe into the money laundering case began after the ED took note of the 33 First Information Reports …

ED files chargesheet against IFS officer, husband in investment 'fraud' linked money laundering case
3 months, 3 weeks ago

ED files chargesheet against IFS officer, husband in investment 'fraud' linked money laundering case

Deccan Chronicle  

New Delhi: The Enforcement Directorate on Wednesday said it has filed a chargesheet against Indian Foreign Service officer Neeharika Singh, her husband, and his companies as part of an alleged investment fraud linked money laundering case. The money laundering investigation began in 2019 after the ED took cognisance of 33 FIRs registered by the Uttar Pradesh Police against Gupta and …

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd
3 months, 3 weeks ago

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd

Deccan Chronicle  

New Delhi: The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act, the sources said. …

ED raids 12 Delhi-NCR locations linked to Kwality ex-executives in ₹1,400-crore bank fraud, money laundering probe
3 months, 3 weeks ago

ED raids 12 Delhi-NCR locations linked to Kwality ex-executives in ₹1,400-crore bank fraud, money laundering probe

Live Mint  

The Enforcement Directorate conducted raids on November 27 at 12 locations in Delhi NCR on former promoters and directors of dairy products manufacturer Kwality Ltd, PTI reported, citing official sources. The searches are part of a money laundering probe related to a ₹1,400-crore bank fraud. According to sources cited in the PTI report, around a dozen places are being raided …

Bitcoin Scam Case: CBI Summons Gaurav Mehta, Names 2 Accused In FIR Amid ED Raids, Maharashtra ‘Audio Clips’ Row
4 months ago

Bitcoin Scam Case: CBI Summons Gaurav Mehta, Names 2 Accused In FIR Amid ED Raids, Maharashtra ‘Audio Clips’ Row

ABP News  

Gain Bitcoin Scam Case: The Enforcement Directorate and the Central Bureau of Investigation intensified their investigations into the alleged Bitcoin Ponzi scam involving Gaurav Mehta on Wednesday, following the Bharatiya Janata Party's explosive claims against Congress and NCP leaders. The CBI on Wednesday summoned Gaurav Mehta to appear before it as soon as possible in connection with the Rs 6,600-crore …

Maharashtra elections: CBI begins probe into bitcoin ’scam’; six accused named in FIR
4 months ago

Maharashtra elections: CBI begins probe into bitcoin ’scam’; six accused named in FIR

Live Mint  

Maharashtra elections: The Central Bureau of Investigations started an investigation into the Bitcoin-based Ponzi “scam” as the agency looks into the accused persons for allegedly collecting 80,000 bitcoins and diverting the funds worth ₹6,606 crore through nine overseas firms to purchase properties abroad, reported the news agency ANI on Wednesday, November 20. The employee is allegedly linked to a Bitcoin …

Hours after ED raids, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case
Trending News
4 months ago

Hours after ED raids, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case

New Indian Express  

NEW DELHI: The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, in connection with the over Rs 6,000-crore Gain Bitcoin ponzi scam case registered by the agency on the directions of the Supreme Court, officials said. The agency has taken over the investigation into cases related to the Gain Bitcoin Ponzi scheme registered by various state police all …

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case
Trending News
4 months ago

Hours after ED searches, CBI summons audit company employee Gaurav Mehta in Bitcoin scam case

New Indian Express  

NEW DELHI: The CBI on Wednesday summoned Gaurav Mehta, an audit company employee, to appear before it as soon as possible in connection with the Rs 6,600-crore Gain Bitcoin ponzi scam case, officials said. The Central Bureau of Investigation, which is probing the Gain Bitcoin ponzi "scam" on the directions of the Supreme Court, swung into action hours after the …

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur
4 months ago

Maharashtra bitcoin scam: CBI files case against Amit Bhardwaj and Ajay Bhardwaj amid ED raids in Raipur

India TV News  

Maharashtra bitcoin scam: The Central Bureau of Investigation on Wednesday filed a case against Amit Bhardwaj and Ajay Bhardwaj - accused in the Bitcoin Sam case. The matter took centerstage after former IPS officer from Pune Ravindranath Patil made an allegation against Sule and Patole over their alleged role in misappropriately using bitcoins from a 2018 cryptocurrency fraud case to …

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case
4 months, 1 week ago

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate on Thursday raided multiple locations in poll-bound Maharashtra and neighbouring Gujarat as part of a money laundering probe against a Malegaon-based trader who allegedly misused bank accounts of various people to carry our transactions worth more than Rs 100 crore. The money laundering case stems from a Malegaon Police FIR filed last week against a local …

ED files prosecution complaint against ‘conman’ Kiran Patel in Srinagar; to appear on November 27
4 months, 2 weeks ago

ED files prosecution complaint against ‘conman’ Kiran Patel in Srinagar; to appear on November 27

The Hindu  

The Enforcement Directorate said on Saturday it has filed a prosecution complaint against alleged Gujarat “conman” Kiran Patel before a special court in Srinagar under the Prevention of Money Laundering Act. The ED initiated investigation on the basis of an FIR registered at the Nishat Police Station in Srinagar against Mr. Patel and others under various sections of Indian Penal …

ED files prosecution complaint against 'conman' Kiran Patel in Srinagar, to appear on Nov 27
4 months, 2 weeks ago

ED files prosecution complaint against 'conman' Kiran Patel in Srinagar, to appear on Nov 27

Deccan Chronicle  

Srinagar: The Enforcement Directorate said on Saturday it has filed a prosecution complaint against alleged Gujarat conman Kiran Patel before a special court here under the Prevention of Money Laundering Act.The court took cognisance of the prosecution complaint and issued a notice to the accused to appear on November 27, the agency said. On August 29 last year, a court …

Former Banker Among Eight Held for ₹4.8 Crore Loan Fraud
4 months, 2 weeks ago

Former Banker Among Eight Held for ₹4.8 Crore Loan Fraud

Deccan Chronicle  

Hyderabad:The economic offences wing of Cyberabad police arrested eight persons, including a former bank branch manager, in connection with a loan fraud involving forgery, cheating, and document fabrication case. The accused, including former ranch manager Karthik Rai, exploited the bank's lending process through fraudulent loan approvals, forged documents and illegal fund diversions. Between June 2020 and June 2023, Karthik Rai …

Four Arrested for ₹24 Crore Investment Scam Targeting 120 Investors
5 months ago

Four Arrested for ₹24 Crore Investment Scam Targeting 120 Investors

The Hindu  

Four persons were arrested for a ₹24 crore investment scam targeting 120 investors in Hyderabad. The gang, led by directors of Squares and Yards Infra Pvt Ltd and Ad Avenues Pvt Ltd, lured the victims with their buyback scheme, promising monthly returns for 100 months. However, after collecting money from the victims, they shut down the company and paid monthly …

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam
5 months, 1 week ago

IPS Officer Bhagyashree Navtake Arrested for Forgery and Conspiracy in ₹1,200 Crore Scam

The Hindu  

Central Bureau of Investigation (CBI) has booked an IPS officer named Bhagyashree Navtake for forgery and criminal conspiracy in a ₹1,200 crore scam probe. The CBI investigation found instances of forgery, including registering three cases under one crime in a single day and obtaining complainants’ signatures without their presence. The case was filed based on a CID report highlighting procedural …

{Foodgrain transportation scam} ED files chargesheet against ex-minister Ashu, 30 others
5 months, 3 weeks ago

{Foodgrain transportation scam} ED files chargesheet against ex-minister Ashu, 30 others

Hindustan Times  

The Enforcement Directorate on Monday submitted a detailed chargesheet against former minister Bharat Bhushan Ashu, his close associate Rajdeep Singh Nagra and 29 others, including officials of the Punjab food and civil supplies department, in the special PMLA court in Jalandhar in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. “The main immovable properties belong to former deputy director …

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
6 months, 1 week ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore
6 months, 2 weeks ago

PNB fraud: ED attaches fugitive Nirav Modi’s properties, bank balance worth ₹29.75 crore

Live Mint  

The Enforcement Directorate on Wednesday said it has provisionally attached “proceeds of crime” in the form of immovable properties and bank balances amounting to ₹29.75 crore in a case related to Punjab National Bank fraud by fugitive businessman Nirav Modi. In a statement, the ED said: “During course of investigation, assets worth ₹29.75 Crore of Nirav Modi & his group …

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED
6 months, 2 weeks ago

PNB fraud case: Fugitive Nirav Modi's assets worth ₹29.75 crore attached by ED

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹29.75 crore belonging to fugitive businessman Nirav Modi, as part of its ongoing investigation into the ₹6,498 crore Punjab National Bank fraud case, officials said on Wednesday. Nirav Modi, the mastermind behind the PNB scam, has been fighting extradition from the UK, where authorities arrested him in 2019. The scam, uncovered in …

ED files chargesheet in Valmiki scam
6 months, 2 weeks ago

ED files chargesheet in Valmiki scam

The Hindu  

The Directorate of Enforcement has filed a chargesheet in the alleged scam at Karnataka Maharshi Valmiki Scheduled Tribes Welfare Corporation Ltd., naming former Minister B. Nagendra as the prime accused. Of the diverted funds, the ED chargesheet alleges that Mr. Nagendra siphoned off ₹20.19 crore to finance the Lok Sabha elections in his home district of Ballari in April-May 2024. …

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed
6 months, 2 weeks ago

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed

Hindustan Times  

MUMBAI: An Enforcement Directorate pan-India probe into multi-crore online scams, in which investors were trapped into investing in stock markets through fake mobile apps, has revealed that the accused employed a maze of 200-plus shell firms to acquire and then divert the proceeds of crime. The agency’s money trail in the case revealed that the fraudsters allegedly incorporated over 200 …

Two from Hyderabad held for ₹175 crore online scam
7 months ago

Two from Hyderabad held for ₹175 crore online scam

The Hindu  

The Telangana Cyber Security Bureau Headquarters in Hyderabad has arrested two individuals for their involvement in a ₹175 crore online fraud. The accused, Mohammed Shoeb Tauqeer, 34, and Mahmood Bin Ahmed Bawazir, 49, were apprehended on August 24 based on a suo moto complaint filed by the Cyber Security Bureau. “The Cyber Security Bureau’s data analysis team identified suspicious activity …

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody
7 months, 1 week ago

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody

Hindustan Times  

The additional sessions court here on Monday sent former Punjab food and civil supplies and consumer affairs minister Bharat Bhushan Ashu to judicial custody in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. Bharat Bhushan Ashu Ashu, who was arrested by the ED on August 1, had been in the central agency’s custody since August 2. In August last …

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case
8 months, 3 weeks ago

Fresh trouble for Vijay Mallya, CBI issues non-bailable warrant in ₹180-crore loan default case

Hindustan Times  

Fugitive businessman Vijay Mallya is now facing a fresh legal action by the Central Bureau of Investigation as a special CBI court issued a non-bailable warrant against him in the ₹180-crore loan default case linked to Indian Overseas Bank. Fugitive businessman Vijay Mallya The CBI, in its warrant, said the now-defunct Kingfisher Airlines promoter caused a wrongful loss of ₹180 …

Mumbai crime branch files chargesheet against 2 college students in Ambani threat case
8 months, 3 weeks ago

Mumbai crime branch files chargesheet against 2 college students in Ambani threat case

Hindustan Times  

Mumbai: The Mumbai Crime Branch has filed a 1,000-page chargesheet against two college students accused of sending threatening emails to Reliance Industries Ltd and its chairman, Mukesh Ambani, demanding ₹500 crore. According to the chargesheet, Khant sent five emails to Ambani between 27 October and 1 November 2023, with escalating demands ranging from ₹20 crore to ₹400 crore. The improbable …

ED arrests Rajasthan contractor in Jal Jeevan Mission scam case
9 months, 1 week ago

ED arrests Rajasthan contractor in Jal Jeevan Mission scam case

The Hindu  

The Directorate of Enforcement has arrested a contractor here under the Prevention of Money Laundering Act on charges of being involved in the irregularities related to the Centre’s Jal Jeevan Mission implemented in Rajasthan. The ED, which had earlier made the first arrest in the case, of Piyush Jain, in February this year, said in a statement that Mr. Padamchand, …

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