PMLA investigation
ED Uncovers Massive Rs 2,300 Crore Cryptocurrency Ponzi Scheme Across Himachal Pradesh and Punjab
Dec 14, 2025 08:14 pm CST
The Enforcement Directorate has conducted raids across Himachal Pradesh and Punjab, exposing a sophisticated Rs 2,300 crore cryptocurrency Ponzi scheme. Operating through multiple unregulated platforms, the scammers manipulated token prices and laundered proceeds through complex networks. The primary suspect, Subhash Sharma, fled India in 2023 while authorities have frozen assets and continue investigating this large-scale financial fraud.
Multi-State Raids Target ISIS-Linked Financial Network: Authorities Uncover Radicalization and Illicit Funding Operations
Dec 11, 2025 09:19 pm CST
Enforcement agencies have conducted raids across 40 locations in multiple states targeting a suspected ISIS-linked network involved in radicalization and terror financing. The investigation, launched under the Prevention of Money Laundering Act following NIA chargesheets, has uncovered connections to illegal timber smuggling operations allegedly funding extremist activities.
ED Conducts Massive Raids Across UP In Rs 300 Crore Maxizone Ponzi Scheme Investigation
Dec 04, 2025 05:15 pm CST
The Enforcement Directorate has launched extensive raids at 20 locations across Uttar Pradesh in connection with the Maxizone Ponzi scheme that allegedly defrauded investors of over Rs 300 crore through false investment promises. Officials are gathering evidence of money laundering activities as the investigation continues into how promoters diverted funds through shell companies after collecting substantial investments.
Enforcement Directorate Arrests WinZO Founders for Alleged Money Laundering and Gaming Violations
Nov 27, 2025 12:31 pm CST
WinZO co-founders Saumya Singh Rathore and Paavan Nanda have been arrested by India's Enforcement Directorate on money laundering charges. The agency alleges the gaming platform withheld Rs 43 crore of player funds following India's real-money gaming ban and misled users through algorithmic gameplay while operating internationally through their Indian platform.
Exposed: Al Falah University's Rs 415 Crore Fraud Scheme and Terror Connections
Nov 19, 2025 12:59 pm CST
An investigation into Al Falah University has uncovered a massive financial fraud operation involving Rs 415 crore through false accreditation claims. The university's founder, Jawad Ahmed Siddiqui, has been arrested by the Enforcement Directorate amid allegations of terror financing connections following the November 10 Delhi blast that killed 13 people. Multiple university employees are implicated in the terror attack, having allegedly smuggled chemicals from campus laboratories.
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.