ED seizure
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.
ED Auctions Rs 14-Crore Business Jet Seized in Rs 792-Crore Investment Fraud Case
Dec 03, 2025 12:16 am CST
The Enforcement Directorate is auctioning a Hawker 800A business jet worth Rs 14 crore, seized from Falcon Group CMD Amardeep Kumar who allegedly defrauded investors of Rs 792 crore through a fake invoice-discounting scheme. The aircraft, purchased in 2024 for USD 1.6 million and used by Kumar to flee India, will be auctioned on December 9 with proceeds intended for victim restitution.
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.