money laundering
ED Seizes Rs 11.14 Crore Assets from Cricket Stars Raina and Dhawan in Illegal Betting Investigation
Nov 06, 2025 09:46 pm CST
The Enforcement Directorate has attached assets worth Rs 11.14 crore belonging to former cricketers Suresh Raina and Shikhar Dhawan for their alleged involvement with illegal betting platform 1xBet. Investigators discovered both players had signed endorsement deals with entities promoting 1xBet's surrogate brands, with payments routed through complex foreign transactions to conceal their connection to illegal betting operations that have laundered over Rs 1,000 crore through 6,000 mule accounts.
ED Uncovers Rs 50 Crore Human Hair Export Scam: Raids Across Three States Target Nagaland Firms
Nov 06, 2025 08:05 pm CST
The Enforcement Directorate has conducted raids across Nagaland, Assam, and Tamil Nadu, investigating an alleged Rs 50 crore scam involving Imsong Global Suppliers. The company claimed to export human hair to Tunisia and Italy but failed to provide required documentation for foreign transactions, violating FEMA regulations. Investigators found suspicious fund transfers between multiple companies with no evidence of actual business transactions.
FATF Recognizes India's ED as Model Agency for Exceptional Asset Recovery Framework
Nov 05, 2025 03:29 pm CST
The Financial Action Task Force (FATF) has praised India's asset recovery system, highlighting the Enforcement Directorate as a "model agency" in its recent report. India's framework for identifying, attaching, and repurposing criminal proceeds is considered one of the most effective among member countries, featuring strong legislative mechanisms, technological integration, and inter-agency coordination that enables swift action against financial crimes.
Delhi High Court Rules ED Can Attach Appreciated Share Value Linked to Criminal Proceeds Under PMLA
Nov 04, 2025 01:07 am CST
The Delhi High Court has ruled that the Enforcement Directorate can attach any appreciation in share or asset value derived from criminal proceeds under the Prevention of Money Laundering Act, even if the increase results from legitimate market forces. This landmark judgment, delivered by Justices Anil Kshetarpal and Harish Vaidyanathan Shankar, strengthens the ED's ability to trace and seize illicit wealth disguised as legitimate investments.
Delhi High Court Affirms PMLA as Comprehensive Framework for Combating Money Laundering
Nov 04, 2025 12:46 am CST
The Delhi High Court has issued a significant ruling on the Prevention of Money Laundering Act (PMLA), affirming it as a comprehensive legal framework that provides fair procedures while empowering the Enforcement Directorate to combat financial crimes. The judgment clarifies the broad definition of "proceeds of crime," establishes money laundering as a continuing offense, and outlines proper legal remedies against property attachment orders.
ED Seizes Rs 4,462 Crore Worth of Assets from Anil Ambani Group Including Knowledge City Land
Nov 04, 2025 12:07 am CST
The Enforcement Directorate has attached over 132 acres of Dhirubhai Ambani Knowledge City land worth Rs 4,462.81 crore in its investigation against the Anil Ambani Group. This action, along with earlier seizures including a Pali Hill residence and Delhi's Reliance Centre, brings total attached assets to Rs 7,500 crore in connection with alleged fund diversion and money laundering from various Reliance entities.
Enforcement Directorate Attaches Rs 3,084 Crore Assets of Anil Ambani's Reliance Group in Money Laundering Probe
Nov 03, 2025 12:56 pm CST
The Enforcement Directorate has provisionally attached assets worth Rs 3,084 crore belonging to Anil Ambani's Reliance Group across nine Indian cities. The investigation focuses on alleged diversion and laundering of public funds raised through Reliance Home Finance Limited and Reliance Commercial Finance Limited between 2017-2019, with Yes Bank investments of over Rs 5,000 crore that later became non-performing assets.
US Treasury Sanctions Indian-Mexican Led Human Smuggling Network Operating Across Multiple Continents
Nov 01, 2025 12:47 am CST
The US has imposed sanctions on Vikrant Bhardwaj, his wife, and 16 companies involved in a sophisticated human smuggling operation that transported thousands of undocumented migrants from Europe, Asia, the Middle East, and South America into the United States. The Bhardwaj Human Smuggling Organization used private yachts and established businesses across multiple countries to facilitate illegal entry and launder proceeds, while collaborating with the Sinaloa Cartel and bribing officials.
Delhi Police Dismantle International Cybercrime Network Operating Across 12 Indian States
Oct 31, 2025 08:36 pm CST
Delhi Police have arrested five individuals, including a bank official, who were part of a sophisticated cybercrime operation controlled from Dubai. The syndicate created fake companies and bank accounts to launder money from victims across India, eventually converting funds to cryptocurrency to avoid detection. Investigations revealed connections to 52 fraud cases spanning 12 states, with operations directed by an overseas handler identified as "Tom."
PMLA Tribunal Upholds ED's Attachment of Karti Chidambaram's Assets, Rejects Covid Delay Argument
Oct 31, 2025 04:45 pm CST
The Appellate Tribunal under the Prevention of Money Laundering Act has dismissed Karti P. Chidambaram's appeal against the Enforcement Directorate's attachment of his assets, ruling that the delayed prosecution complaint was protected by Supreme Court's Covid-19 limitation extensions. The attachment of his ₹16.05 crore Jor Bagh property share and multiple bank accounts will continue, though possession can only be taken under exceptional circumstances.