The Enforcement Directorate (ED) is investigating a ₹231 crore bank loan fraud allegedly involving the deceased brother of Odisha BJD MLA Pramila Malik. Searches were conducted at locations linked to Khirod Malik in Sambalpur. The probe involves his NGO, BISWA, and focuses on alleged misuse of funds obtained through questionable loans from various banks.
The Supreme Court of India expressed concerns over the swift reinstatement of Tamil Nadu Minister V. Senthil Balaji to his ministerial post just days after being granted bail in a money laundering case. The court will examine concerns about witness independence and the potential for undue influence.
The Enforcement Directorate (ED) conducted raids on the properties of businessman Raj Kundra, husband of actress Shilpa Shetty, as part of a money laundering investigation connected to the alleged distribution of pornographic content. Shilpa Shetty’s lawyer has issued a statement clarifying her lack of involvement in the case.
The Enforcement Directorate (ED) launched a significant money laundering investigation, conducting raids on properties linked to Raj Kundra, husband of actress Shilpa Shetty, and associates. The probe focuses on the alleged production and distribution of pornographic content through mobile applications.
An Enforcement Directorate (ED) team conducting searches in a cyber fraud and money laundering case was attacked at a farmhouse in Delhi’s Bijwasan area. The attack, allegedly perpetrated by suspects linked to the PYYPL app, resulted in minor injuries to an ED officer. The investigation involves a complex network of fraudulent activities, including phishing, QR code scams, and the use of thousands of ‘mule’ accounts to launder money into cryptocurrency.
US House representatives are urging Treasury Secretary Janet Yellen to reassess the US’s relationship with Hong Kong’s banking sector due to escalating concerns about money laundering, sanctions evasion, and its role in facilitating the transfer of sensitive technology to adversarial nations like Russia and North Korea. The bipartisan call comes amidst Hong Kong’s increasingly close ties with China and ongoing human rights concerns.
The Enforcement Directorate (ED) has launched fresh searches targeting Santiago Martin, a prominent Chennai businessman dubbed the ‘lottery king’, for alleged money laundering. Martin, who has contributed over ₹1,300 crore through electoral bonds, is facing scrutiny for his complex financial dealings, including suspected fraudulent lottery operations. This investigation follows a Madras High Court ruling that allowed the ED to proceed with its probe.
NetEase Games, a leading Chinese gaming company, is embroiled in a corruption scandal involving bribery and money laundering. The company has dismissed nine employees and is facing an investigation involving 28 suppliers and an estimated $139.3 million. This is the second major anti-corruption inquiry at NetEase since September 2023.
The Enforcement Directorate (ED) conducted raids on multiple sellers across India, including those associated with e-commerce giants Amazon and Flipkart, on Thursday. The investigation focuses on alleged money laundering activities and potential violations of Foreign Exchange Management Act (FEMA) regulations. The raids highlight concerns over the practices of leading e-commerce platforms in India, particularly in relation to the use of “dark patterns” and the potential for unfair competition.
Netflix is facing scrutiny from authorities in France and the Netherlands over potential tax fraud and money laundering. Investigators searched the streaming giant’s offices in Paris and Amsterdam, raising concerns about Netflix’s financial practices in Europe. The investigation comes at a time of leadership changes within Netflix, with the departure of key executives.
