financial crimes
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.
India's Extradition Progress: 42 Fugitives Returned in Two Years, Amit Shah Discusses Future Plans for Nirav Modi and Mallya
Nov 02, 2025 04:15 pm CST
Union Home Minister Amit Shah reveals that 42 fugitives have been extradited to India in the past two years, detailing the complex process of bringing back high-profile economic offenders like Nirav Modi and Vijay Mallya. Shah explains how India Net, operating under the CBI, uses international cooperation and legal frameworks to pursue fugitives across borders.
Suspicious Death of Singer Zubeen Garg: Allegations of Poisoning and Conspiracy Under Investigation by Assam Police
Oct 04, 2025 12:15 pm CST
The Assam Police are investigating serious allegations in the death of renowned singer Zubeen Garg. His bandmate claims Garg's manager and a festival organizer poisoned him during a Singapore yacht trip and attempted to cover it up. Multiple agencies are now examining both the death and potential financial crimes connected to the accused parties.
ED and Income Tax Department Join Assam Police Investigation into Zubeen Garg Death Case and Financial Crimes
Oct 04, 2025 02:14 am CST
The Enforcement Directorate and Income Tax Department are joining Assam Police in investigating alleged financial crimes by event manager Shyamkanu Mahanta, who is implicated in the death of cultural icon Zubeen Garg. Authorities have uncovered multiple PAN cards, unauthorized stamp seals, and documents suggesting extensive benami property acquisition. The investigation also revealed a 20-year-old financial irregularity involving a Rs 14-crore loan for non-existent call centers during Mahanta's tenure at NEDFi.
'Tinder Swindler' Simon Leviev Arrested In Georgia
Sep 16, 2025 12:26 am CST
Israeli fraudster Simon Leviev, made famous by the Netflix documentary The Tinder Swindler, has been arrested in Georgia.