ED investigation
Court Rejects Mehul Choksi's Plea to Dismiss Fugitive Economic Offender Status in ₹13,000 Crore PNB Fraud Case
Nov 29, 2025 02:51 am CST
A special Mumbai court has rejected diamantaire Mehul Choksi's application to dismiss proceedings classifying him as a Fugitive Economic Offender in the ₹13,000 crore Punjab National Bank fraud case. Despite his recent arrest in Belgium, the Enforcement Directorate successfully argued that FEO proceedings can only terminate when the accused returns to India. Choksi continues to fight extradition while his nephew and co-accused Nirav Modi remains imprisoned in London.
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.