Enforcement Directorate raid
ED Seizes Luxury BMWs, Mercedes and Land Rovers in Major SBI Car Loan Fraud Investigation
Nov 29, 2025 01:03 pm CST
The Enforcement Directorate has conducted raids across 12 locations in Pune, seizing luxury vehicles including BMWs, Mercedes, and Land Rovers in connection with a sophisticated car loan fraud at State Bank of India. The investigation revealed that borrowers collaborated with bank officials to obtain high-value car loans using forged documents, violating bank lending policies in a scheme that operated between 2017-2019.
Exposed: Rs 40 Crore IPO Scam Operation Uncovered by ED in Mumbai with 400 Fake Bank Accounts
Nov 04, 2025 11:12 pm CST
The Enforcement Directorate has uncovered a massive Rs 40 crore IPO scam in Mumbai involving Varanium Cloud Ltd. The company fraudulently raised funds claiming to build digital learning centers but instead diverted money through a complex network of over 400 mule bank accounts and 200 SIM cards. The sophisticated "pump and dump" scheme used false promises, forged documents, and shell companies to artificially inflate stock prices before dumping shares, causing significant losses to genuine investors.
Tamil Nadu Authorities Revoke License of Pharmaceutical Firm Linked to Fatal Cough Syrup Cases
Oct 14, 2025 12:31 am CST
The Tamil Nadu Drug Control department has revoked Sresan Pharmaceuticals' manufacturing license following the discovery of over 350 serious violations at their facility. Their 'Coldrif' cough syrup, contaminated with diethylene glycol, caused multiple child deaths in Madhya Pradesh and Rajasthan. The Enforcement Directorate has launched raids at seven Chennai locations as investigations expand into potential financial irregularities related to the distribution of the toxic medication.
ED Raids Premises of Pharmaceutical Firm Linked to Fatal Cough Syrup: 20 Children Dead from Contaminated Medication
Oct 13, 2025 12:14 pm CST
The Enforcement Directorate has raided multiple premises of Sresan Pharmaceuticals, manufacturer of 'Coldrif' cough syrup that contained toxic diethylene glycol and caused at least 20 children's deaths. The investigation revealed over 350 violations at the company's facility, prompting state bans and WHO concerns about India's regulatory gaps in drug safety screening.