Enforcement Directorate Makes Arrest in Shine City Fraud Case

Mahira Group Director in ED Custody

A court has remanded the director of Mahira Group to Enforcement Directorate (ED) custody for five days. This development comes amidst ongoing investigations into alleged financial irregularities and regulatory violations by the real estate company.

The decision to grant ED custody underscores the seriousness of the allegations against the director and the need for further interrogation to unearth crucial evidence. The ED will likely use this time to question the individual and gather information related to the case.

Mahira Group has been under scrutiny for alleged misconduct i..

ED raids Tulsiani Group amid investigation

The Enforcement Directorate (ED) recently conducted raids on the offices and premises of the Tulsiani Group as part of a money laundering investigation. The action comes amidst heightened scrutiny on financial irregularities and alleged illicit activities within the real estate sector.

The Tulsiani Group, known for its presence in the real estate market, has faced allegations of involvement in money laundering activities. The ED's raids were aimed at gathering evidence and documents pertinent to the ongoing investigation.

The real estate sector in India has often been under the..

ED Seizes Assets in Bank Fraud

In a significant move against financial malfeasance, the Enforcement Directorate (ED) has attached assets valued at Rs 367 crore in connection with the Bhushan Steel bank fraud case. This decisive action comes as part of the ongoing efforts to curb fraudulent financial practices and hold those responsible accountable.

The attached assets include properties, bank accounts, and other holdings linked to the individuals involved in the Bhushan Steel bank fraud. The ED's relentless pursuit of justice sends a strong message about the zero-tolerance approach towards economic offences. The mo..

DHFL scam; CBI arrests Dheeraj Wadhawan in Rs 340 billion fraud case

The Central Bureau of Investigation (CBI) has apprehended former DHFL Director Dheeraj Wadhawan over his purported involvement in a scheme to defraud a consortium of 17 lending banks amounting to Rs 340 billion, according to officials on May 16. Wadhawan was taken into custody from Mumbai during the night of May 13 and subsequently presented before a special court, which remanded him into judicial custody. He and his brother Kapil were previously detained in connection with the case on July 19, 2022.

The agency had submitted a charge sheet against 75 entities, including Kapil and ..

Government to entities accountable for unsolicited calls

The government has proposed holding accountable banks, insurance firms, real estate developers, brokers, and other entities, including agencies engaging in 'pesky calls' on their behalf, for contacting individuals through unregistered telephone numbers regulated by the Telecom Regulatory Authority of India (Trai). This represents the latest effort by the government and the telecom regulator to tackle the persistent issue that they have struggled to control for over two decades, despite previous initiatives such as the now-defunct 'do not disturb' service. Although Trai has discussed measures t..