financial irregularities
Enforcement Directorate Probes Ex-Yes Bank CEO Rana Kapoor Over Rs 3,300 Crore ADAG Quid Pro Quo Scandal
Dec 15, 2025 06:45 pm CST
Former Yes Bank CEO Rana Kapoor faces Enforcement Directorate questioning regarding alleged quid pro quo deals with Anil Ambani's ADAG companies. The investigation reveals Yes Bank's exposure to ADAG doubled to Rs 13,000 crore within one year, resulting in Rs 3,300 crore losses through potentially improper transactions that benefited Kapoor family businesses.
ED Investigation Reveals Al Falah Founder Used Forged Documents in Delhi Land Acquisitions
Nov 29, 2025 01:56 am CST
The Enforcement Directorate has uncovered evidence suggesting Al Falah Group chairman Jawad Ahmed Siddiqui acquired land in Delhi using forged documents. Arrested on November 18 for money laundering, Siddiqui is accused of dishonestly generating over Rs 415 crore from students at unaccredited institutions. The investigation connects to the November 10 Red Fort area explosion involving a doctor from Al Falah's medical college.
ED Attaches Rs 1,452 Crore Assets in Anil Ambani's Reliance Group Bank Fraud Investigation
Nov 20, 2025 11:04 pm CST
The Enforcement Directorate has attached fresh assets worth Rs 1,452 crore in the ongoing bank fraud investigation against Anil Ambani's Reliance Group, bringing the total attached properties to Rs 8,997 crore. The case involves allegations of fund diversion, loan evergreening, and financial irregularities by Reliance Communications and related entities, with outstanding dues amounting to Rs 40,185 crore.
CBI Reveals Yes Bank's Rs 2,700 Crore Loss from Fraudulent Transactions with Anil Ambani's Companies
Oct 30, 2025 01:55 am CST
The CBI has filed a charge sheet detailing how Yes Bank suffered a Rs 2,796.77 crore loss due to Rana Kapoor's unilateral investments in Anil Ambani's financial companies. The document alleges a criminal conspiracy involving shell companies, quid-pro-quo arrangements, and regulatory violations between 2017-2019, with 13 individuals and entities charged with conspiracy, cheating, and corruption.
Assam Police Return From Singapore With Critical Updates on Zubeen Garg Death Investigation
Oct 24, 2025 07:26 pm CST
Assam authorities report progress in the investigation of singer Zubeen Garg's mysterious death in Singapore, with police officials confirming receipt of the postmortem report and expecting additional evidence from Singapore authorities soon. The case involves financial irregularities with multiple arrests, as investigators work to conclude their findings within the 90-day timeframe.
Singapore NRIs Miss Deadline in Zubeen Garg Death Investigation as Assam Invokes International Treaty
Oct 07, 2025 12:21 am CST
Eight Singapore-based NRIs failed to appear before Assam's CID by the October 6 deadline in the investigation of celebrated Assamese icon Zubeen Garg's death during a yacht party. Chief Minister Himanta Biswa Sarma announced the invocation of the Mutual Legal Assistance Treaty with Singapore while expanding the probe to examine financial irregularities related to the Northeast India Festival.
Ladakh Administration Defends Action Against Sonam Wangchuk: Claims Based on Credible Evidence, Not Victimization
Oct 01, 2025 03:13 am CST
The Ladakh administration has officially responded to allegations regarding actions taken against activist Sonam Wangchuk, stating they are based on substantial evidence rather than persecution. Officials cite ongoing investigations into financial irregularities at HIAL, unauthorized degree issuance, and alleged inflammatory statements. Despite government willingness for dialogue, authorities claim Wangchuk's continued hunger strike appears politically motivated.
ED Conducts FEMA Raids at Reliance Infrastructure Locations Over Alleged Illegal Foreign Remittances
Oct 01, 2025 12:52 am CST
The Enforcement Directorate has conducted searches at six locations linked to Anil Ambani's Reliance Infrastructure in Maharashtra and Madhya Pradesh as part of a FEMA investigation into alleged illegal foreign remittances. The company claims the matter dates back 15 years and involves a domestic highway contract with no foreign exchange component, while asserting the raids have not impacted business operations or stakeholders.
Government Cancels FCRA Registration of Ladakh Activist Sonam Wangchuk's Organization Over Alleged Violations
Sep 25, 2025 09:23 pm CST
The Indian government has revoked the FCRA registration of Sonam Wangchuk's Students Educational and Cultural Movement of Ladakh organization following allegations of financial irregularities and foreign funding violations. This action comes amid Ladakh's statehood movement and recent protests, with authorities citing multiple violations of foreign contribution regulations and questioning transactions deemed against national interests.
Government Preparing Action Against Sonam Wangchuk Following Deadly Ladakh Protests: Financial Irregularities Alleged
Sep 25, 2025 07:46 pm CST
The Indian government is poised to act against Ladakhi activist Sonam Wangchuk following violent protests in Leh that left four dead and 80 injured. Officials allege serious financial irregularities in Wangchuk's nonprofit organizations, including FCRA violations and potential money laundering, while the activist, who leads the Ladakh statehood movement, says he's prepared for arrest under the Public Safety Act.