In a major action against alleged financial fraud and cyber-enabled investment scams, the Enforcement Directorate (ED) has frozen assets worth ₹18.4 crore spread across 129 bank accounts as part of an ongoing investigation into a suspected online investment fraud network. The operation marks a significant escalation in efforts by authorities to trace illicit financial flows...
Quick-commerce startup Zepto has disclosed in its draft initial public offering (IPO) documents that its co-founders, Aadit Palicha and Kaivalya Vohra, received summons from the Enforcement Directorate (ED) in connection with an investigation under the Foreign Exchange Management Act (FEMA). The disclosure brings regulatory scrutiny into focus as the company prepares for one of the...
In a significant move against organized narcotics crime and illicit financial networks, the Enforcement Directorate (ED) carried out coordinated search operations across three states as part of an ongoing investigation into an alleged drug trafficking and money laundering racket involving approximately ₹142 crore. The large-scale operation marks a major escalation in efforts to dismantle criminal...
The Enforcement Directorate (ED) has carried out search operations at premises associated with the Vedanta Group as part of an ongoing investigation into alleged violations of the Foreign Exchange Management Act (FEMA), intensifying regulatory scrutiny of one of India’s largest natural resources and mining conglomerates. According to officials familiar with the matter, the searches were...
Fresh political tensions gripped Kerala after violence erupted during Enforcement Directorate (ED) raids connected to properties reportedly linked to Chief Minister Pinarayi Vijayan and individuals associated with the ruling establishment. The raids, which were part of an ongoing financial investigation, quickly escalated into street-level confrontations between protesters and law enforcement authorities, creating a tense atmosphere...
The Enforcement Directorate (ED) intensified its ongoing investigation into an alleged money laundering case by visiting the residence of former Kerala Chief Minister Pinarayi Vijayan. The development has triggered significant political attention across Kerala and at the national level, as the probe appears to be widening in scope. According to officials familiar with the matter,...
The Enforcement Directorate (ED) on Thursday launched a series of coordinated raids across multiple locations in West Bengal as part of an ongoing investigation into alleged financial irregularities and suspected money laundering activities linked to former Kolkata Police Deputy Commissioner Debasish Dhar, widely known by the nickname “Sona Pappu.” According to officials familiar with the...
The Enforcement Directorate (ED) has obtained custody of self-styled godman Ashok Kharat in connection with an alleged ₹70 crore money laundering case, intensifying a major financial crime investigation that has drawn attention across Maharashtra. A special court granted the central agency custody of Kharat until May 26, allowing investigators additional time to probe suspected illegal...
The Enforcement Directorate (ED) on Sunday carried out searches at multiple premises associated with Aam Aadmi Party (AAP) leader Deepak Singla as part of an ongoing money laundering investigation, officials familiar with the matter said. The coordinated operation was conducted across several locations and involved teams of investigators examining financial documents, electronic records, and transaction...
Punjab Cabinet Minister and senior Aam Aadmi Party (AAP) leader Sanjeev Arora has been remanded to seven days of Enforcement Directorate (ED) custody in connection with an alleged ₹157 crore money laundering case linked to suspected fake mobile phone exports and financial irregularities. A court in Gurugram granted the ED custody after the federal agency...