money laundering
Cobrapost Alleges Massive Rs 41,921 Crore Financial Fraud by Anil Ambani's Reliance Group: Company Strongly Denies Claims
Oct 30, 2025 10:43 pm CST
Investigative portal Cobrapost has accused Anil Ambani's Reliance Group of orchestrating a Rs 41,921 crore financial fraud through systematic fund diversion since 2006, involving both domestic and offshore entities. The Reliance Group has firmly denied these allegations, describing them as a malicious campaign by competitors seeking to crash stock prices and acquire valuable group assets.
Mumbai Cyber Police Arrest Two in Rs 50 Lakh Digital Arrest Scam Targeting Senior Citizens
Oct 29, 2025 08:40 pm CST
Mumbai Cyber Police have arrested two individuals involved in a sophisticated 'digital arrest' scam that defrauded senior citizens of Rs 50 lakh. The criminals posed as police officials, created fake documents, and kept victims on video calls for days while extorting money. Authorities warn citizens that digital arrests have no legal basis in India and provide essential safety guidelines to avoid such scams.
Former Chhattisgarh CM's Son Denied Bail in Multi-Crore Liquor Scam Investigation
Oct 29, 2025 03:42 pm CST
A special court in Raipur has rejected bail for Chaitanya Baghel, son of former Chhattisgarh Chief Minister Bhupesh Baghel, in connection with an alleged Rs 2,000 crore liquor scam. The Enforcement Directorate has accused him of laundering money through shell companies while the investigation reaches a crucial stage.
FATF Warns Pakistan: Removal From Grey List Doesn't Guarantee Protection Against Terror Financing
Oct 25, 2025 10:02 am CST
The Financial Action Task Force (FATF) has warned Pakistan that its 2022 removal from the 'greylist' doesn't make it immune to money laundering and terrorist financing. FATF President Elisa de Anda Madrazo emphasized that all countries must maintain vigilance against financial crimes, as reports surface of terrorist organizations using digital wallets to conceal fund transfers. Pakistan remains under monitoring by the Asia Pacific Group to ensure continued implementation of anti-terror financing measures.
Enforcement Directorate Intensifies Investigation into Hyderabad's Rs 40 Lakh Baby Selling and Surrogacy Racket
Oct 22, 2025 08:57 pm CST
The Enforcement Directorate has launched a comprehensive investigation into Universal Srushti Fertility Centre in Hyderabad for alleged money laundering connected to a decade-long illegal operation involving fraudulent surrogacy, baby-selling, and deception of childless couples. The investigation has uncovered a network spanning multiple states where babies were allegedly purchased from vulnerable women and sold to couples for up to Rs 40 lakh through falsified medical procedures and documentation.
Nirav Modi Reveals "Sensational Developments" Coming in UK Extradition Case: PNB Fraud Investigation Update
Oct 19, 2025 02:24 am CST
Fugitive diamond merchant Nirav Modi, imprisoned in London for over six years on fraud charges related to the $2 billion PNB scam, has informed a UK court about upcoming "sensational developments" in his extradition case. While defending himself in an unrelated $8 million Bank of India debt case, Modi expressed optimism about his prospects as a new hearing approaches in November following the court's acceptance of fresh evidence in his long-running extradition battle.
MIT Brothers on Trial: $25 Million Ethereum Heist Raises Questions About Crypto Trading Ethics and Legality
Oct 15, 2025 02:08 pm CST
Two MIT-educated brothers face serious legal charges in Manhattan federal court for allegedly exploiting Ethereum blockchain vulnerabilities to secure $25 million. Their defense claims they merely outsmarted predatory trading bots in an unregulated market, while prosecutors allege sophisticated fraud. The case highlights the complex intersection of advanced technical expertise, cryptocurrency regulation, and emerging definitions of fraud in digital asset markets.
Supreme Court Questions ED's Jurisdiction in Tamil Nadu Liquor Scam Investigation: Federal Structure at Stake
Oct 14, 2025 07:15 pm CST
The Supreme Court has raised significant questions about federalism while examining the Enforcement Directorate's investigation into alleged irregularities at Tamil Nadu's state-run liquor corporation (TASMAC). Chief Justice BR Gavai questioned whether the central agency was infringing on state investigation rights, as the DMK government argues it had already filed 47 FIRs. The case highlights tensions between central agencies and state governments, with allegations of political vendetta emerging ahead of upcoming Assembly elections.
Reliance Power CFO Arrested: ED Detains Anil Ambani's Aide in Rs 68 Crore Bank Guarantee Fraud Case
Oct 11, 2025 01:55 pm CST
The Enforcement Directorate has arrested Ashok Kumar Pal, CFO of Reliance Power and aide to Anil Ambani, for alleged money laundering involving fake bank guarantees worth Rs 68 crore submitted to a government energy corporation. The case connects to broader investigations into the Ambani group concerning potential loan diversions exceeding Rs 17,000 crore across multiple companies, with authorities uncovering sophisticated fraud techniques including spoofed banking domains and shell companies.
ED Arrests Two Masterminds in Rs 49 Crore Indore Fake Liquor Challan Scam Investigation
Oct 06, 2025 05:17 pm CST
The Enforcement Directorate has arrested Ansh Trivedi and Raju Dashwant in connection with a Rs 49 crore fake liquor challan scam in Indore. The duo allegedly masterminded a sophisticated fraud operation involving manipulated treasury challans and forged documents to obtain illegal liquor licenses, causing substantial losses to the state exchequer. Investigations continue as authorities work to identify additional accomplices and trace the money trail.