money laundering
Pardoned Binance Founder Changpeng Zhao Faces New Lawsuit Alleging $415 Million Transfer to Terrorist Organizations
Nov 27, 2025 01:24 pm CST
Binance founder Changpeng Zhao, recently pardoned by President Trump, now faces a lawsuit from families of victims of the October 7 attack on Israel. The lawsuit alleges that Binance facilitated over $415 million in cryptocurrency transfers to terrorist organizations including Hamas and Hezbollah, with plaintiffs seeking treble damages under international terrorism compensation laws.
Engineering Students Arrested in Major Rs 90-Crore Cyber Fraud Operation in Puducherry
Nov 27, 2025 02:40 am CST
Puducherry's Cyber Crime Police have uncovered a sophisticated cyber-fraud network operated from an engineering college, involving students selling bank accounts to criminals who laundered Rs 90-crore through India before converting it to cryptocurrency via Dubai and China networks. Seven individuals have been arrested in this international money laundering operation that highlights the growing sophistication of cyber financial crimes.
Supreme Court Denies Relief to Offender Seeking Withdrawal of UAE Extradition Request
Nov 26, 2025 10:02 pm CST
The Supreme Court of India refused to entertain a plea seeking withdrawal of an extradition request to the UAE for a man facing 153 cases, including bootlegging and money laundering charges. Justices Vikram Nath and Sandeep Mehta emphasized that India has the right to bring back individuals evading the law, advising the petitioner to return and face legal proceedings rather than seeking relief from abroad.
Delhi High Court Rules Illegal Betting Profits as 'Proceeds of Crime' Under PMLA
Nov 26, 2025 03:19 pm CST
The Delhi High Court has ruled that profits from illegal betting constitute "proceeds of crime" under the Prevention of Money Laundering Act when funded by tainted money, regardless if betting itself isn't a scheduled offence. This landmark judgment strengthens the Enforcement Directorate's ability to pursue cases where illegal funds are diverted into various activities, potentially expanding PMLA's reach.
Dubai Arrests Mastermind Behind ₹2,500 Crore Drug Network: Pawan Thakur Faces Deportation to India
Nov 25, 2025 06:07 pm CST
Pawan Thakur, the alleged mastermind behind an ₹2,500 crore cocaine trafficking operation, has been arrested in Dubai and faces deportation to India. Authorities link him to multiple drug seizures and a sophisticated money laundering network spanning multiple countries, with investigations revealing he used cryptocurrency and shell companies to conceal illicit proceeds worth over ₹681 crore.
ED Transfers Four Mumbai Properties Linked to Mehul Choksi in PNB Fraud Case Recovery Efforts
Nov 25, 2025 02:30 am CST
The Enforcement Directorate has transferred four Mumbai residential flats connected to Mehul Choksi to a liquidator as part of ongoing recovery efforts in the Rs 6,097.63 crore Punjab National Bank fraud case. This action adds to the Rs 2,565.90 crore in assets already seized, with proceeds intended to benefit victim banks and creditors through court-supervised auctions.
ED Freezes Rs 523 Crore in Assets of Online Gaming Firms WinZO and Gameskraft Following Money Laundering Investigation
Nov 25, 2025 01:04 am CST
The Enforcement Directorate has frozen Rs 523 crore in assets belonging to gaming companies WinZO and Gameskraft for allegedly retaining customer funds after India's real-money gaming ban. The investigation revealed potential money laundering activities, unauthorized use of algorithms, and cross-border financial diversions through shell companies, with both firms operating real-money games domestically and internationally.
Film Piracy Kingpin Faces New Forgery Charges as Enforcement Directorate Joins Investigation
Nov 21, 2025 04:28 pm CST
Immadi Ravi, the alleged mastermind behind the iBomma film piracy network, faces additional forgery charges as the Enforcement Directorate joins the investigation. With over 13 charges filed, authorities are probing a sophisticated operation that caused approximately Rs 3,700 crore in losses to the Telugu film industry in 2024 alone. Investigators are focusing on cryptocurrency transactions, international connections, and money laundering networks linked to the piracy operation that targeted multiple languages across more than 70 mirror sites.
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.
Enforcement Directorate Seizes Rs 1,400 Crore in Assets from Anil Ambani in Ongoing Money Laundering Investigation
Nov 20, 2025 02:35 pm CST
The Enforcement Directorate has attached additional assets worth Rs 1,400 crore belonging to Reliance Group chairman Anil Ambani in a money laundering investigation. This latest action brings the total seized assets to approximately Rs 9,000 crore, with the provisional attachment order issued under the Prevention of Money Laundering Act for properties across various regions of India.