shell companies
Delhi Police Dismantles Rs 47-Lakh Cyber Fraud Ring with Chinese Connections: 8 Arrested in Online Trading Scam
Dec 17, 2025 09:27 pm CST
The Delhi Police Crime Branch has uncovered a sophisticated cyber fraud operation with Chinese connections, arresting eight individuals involved in a Rs 47.23 lakh online stock trading scam. The fraudsters used Telegram groups, fake trading applications, and shell companies to target victims with false investment promises, exposing an elaborate money laundering network connected to over 1,100 cybercrime cases nationwide.
CBI Uncovers Massive Rs 1,000 Crore International Cyber Fraud Network Operating Through 111 Shell Companies
Dec 14, 2025 01:58 pm CST
The Central Bureau of Investigation has dismantled a sophisticated international cyber fraud operation involving four foreign nationals and 111 shell companies that defrauded thousands across India through fake loan applications, bogus investment schemes, and fraudulent job offers. The network, which processed over Rs 1,000 crore through hundreds of bank accounts, was uncovered during Operation CHAKRA-V targeting organized cybercrime.
Exposed: Luthra Brothers' Suspicious Network of 42 Companies Behind Deadly Goa Nightclub Fire
Dec 11, 2025 06:59 pm CST
An investigation reveals how Delhi restaurateurs Saurabh and Gaurav Luthra operated a suspicious network of 42 companies sharing a single address, raising red flags for potential shell operations and money laundering. The brothers fled to Thailand hours after their Goa nightclub fire killed 25 people, before being detained by Thai authorities following an Interpol notice.
Chinese Nationals Charged in Rs 1000 Crore HPZ Token Cryptocurrency Scam During Covid Pandemic
Dec 11, 2025 02:33 am CST
The CBI has charged two Chinese nationals in connection with the HPZ Token investment fraud, a sophisticated cryptocurrency scam that defrauded Indian citizens of over Rs 1000 crore during the Covid pandemic. The fraudsters operated through shell companies and payment aggregators to launder money, with the masterminds now fugitives operating from abroad. This case reveals part of a larger cyber crime network targeting vulnerable Indians through various financial scams.
ED Seizes Rs 55 Crore From Reliance Infrastructure In Foreign Exchange Violation Investigation
Dec 10, 2025 09:56 pm CST
The Enforcement Directorate has seized assets worth Rs 54.82 crore, including 13 bank accounts belonging to Reliance Infrastructure Limited under FEMA provisions. The company allegedly diverted funds from NHAI road construction projects through shell companies to overseas accounts in the UAE, disguised as diamond imports without actual deliveries, involving hawala transactions exceeding Rs 600 crore.
The Rs 3,000 Crore Cyber Crime Network: How Haryana's Nuh District Became India's Digital Fraud Epicenter
Dec 09, 2025 11:39 pm CST
An extensive investigation reveals a sophisticated Rs 3,000 crore cyber crime operation connecting Haryana's Nuh district and Madhya Pradesh. Young masterminds from Nuh orchestrated nationwide scams using over 1,000 mule bank accounts, fake SIM cards, and shell companies, with evidence suggesting potential links to international terror financing. The network represents an alarming evolution beyond traditional cyber fraud centers like Jamtara, raising national security concerns.
ED Conducts Massive Raids Across UP In Rs 300 Crore Maxizone Ponzi Scheme Investigation
Dec 04, 2025 05:15 pm CST
The Enforcement Directorate has launched extensive raids at 20 locations across Uttar Pradesh in connection with the Maxizone Ponzi scheme that allegedly defrauded investors of over Rs 300 crore through false investment promises. Officials are gathering evidence of money laundering activities as the investigation continues into how promoters diverted funds through shell companies after collecting substantial investments.
Al Falah University Founder Arrested: Inside the Terror Financing Money Laundering Investigation
Nov 19, 2025 02:03 am CST
Enforcement Directorate arrests Jawad Ahmed Siddiqui, founder of Al Falah University, under PMLA for terror financing and money laundering. The university has links to the Delhi blast that killed 15 people, with evidence showing crores of rupees diverted to family entities through shell companies. Authorities seized cash, documents, and identified connections to terror organizations Jaish-e-Mohammed and Ansar Ghazwat-ul-Hind.
Chinese State Bank Loans to US: The Hidden $200 Billion Financial Network and Its National Security Implications
Nov 18, 2025 04:25 pm CST
A comprehensive investigation reveals that despite warning others about Chinese state bank loans, the US has been the largest recipient, with $200 billion flowing into American businesses over 25 years. The funds, often routed through shell companies to mask their origins, have targeted critical technology sectors including semiconductors and robotics, raising significant national security concerns as China pursues strategic technological advantages through these financial relationships.
Enforcement Directorate Issues Fresh Summons to Anil Ambani in FEMA Investigation Linked to Highway Project
Nov 14, 2025 08:03 pm CST
The Enforcement Directorate has issued a fresh summons to Reliance Group chairman Anil Ambani to appear on November 17 in connection with a FEMA case related to the Jaipur-Reengus highway project. The investigation follows allegations that Rs 40 crore was siphoned from the project through shell companies, potentially connecting to a larger international hawala network exceeding Rs 600 crore.