The Enforcement Directorate (ED) has frozen Rs 110 crore and seized 1,200 mule credit cards following searches against the Indian operations of Parimatch, a Cyprus-based online betting platform, for alleged money laundering and cheating investors.
Uttar Pradesh Police's Special Task Force unearths a fake embassy operating in Ghaziabad, arresting a man who claimed to be a diplomat of a non-existent country.
The Enforcement Directorate (ED) has recovered 30 original passports and obtained information on agents and agencies running the 'donkey-route' business of illegally sending Indians abroad.
Twelve persons, arrested in 2006 for their involvement in the July 11, 2006 serial train blasts case, were acquitted by the Bombay high court on Monday.
An alleged synthetic narcotics producer, Kubbawala Mustafa, wanted on an Interpol Red Notice, was deported to India from the UAE in an operation coordinated by the CBI and Mumbai police.
The sons of Hizb-ul-Mujahideen chief Syed Salahuddin, Syed Ahmad Shakeel and Syed Shahid Yusuf, have challenged a rule in the Delhi Prison Rules that bars those accused of offences against the state, terrorist activities, and other heinous crimes from using telephonic and electronic communication facilities. The two prisoners, currently lodged in different Delhi jails, are seeking restoration of their phone call facilities, alleging that the restrictions are arbitrary and unreasonable. The Delhi High Court has posted the matter for further hearing on May 22.
The Enforcement Directorate (ED) on Wednesday searched locations in Karnataka, including educational institutions linked to state Home Minister G Parameshwara, as part of a probe into alleged gold smuggling-linked money laundering case against Kannada actor Ranya Rao and others. The ED sources said an educational trust is suspected to have "diverted" funds and made a payment of Rs 40 lakh towards the credit card bill of Rao, allegedly on the instructions of an influential individual. The sources claimed the trust is linked to Parameshwara and the "influential" individual is a politically exposed person. The searches found there were no supporting vouchers or documentation to "substantiate" this payment (for credit card bill payment), they said.
'The larger and more opaque this shadow economy becomes, especially online, the greater the risk to India's national security.'
Jane Street could do what they did because of the most fundamental flaw in the Indian stock market: a fragmented, fractured, fissured, fistula-ed liquidity stream, points out Shankar Sharma.
An interim report on the action has also been sent by the field investigation wing of the income tax department to the Central Board of Direct Taxes in Delhi, the administrative body for the department.
Kannada actress Ranya Rao, along with businessman Tarun Raju and jewellery dealer Sahil Jain, had their judicial custody extended until April 21 in connection with a gold smuggling case. The trio is accused of orchestrating the illegal import of gold worth over Rs 12.56 crore from Dubai to India. The case came to light in March 2025 when Rao was apprehended at Bengaluru's Kempegowda International Airport with 14.8 kilograms of gold allegedly smuggled from Dubai. Investigations revealed her association with Vira Diamonds Trading, a Dubai-based firm she co-founded with Tarun Raju, which authorities allege was used as a front for smuggling operations. Raju was arrested following evidence of his involvement in purchasing gold in Dubai and facilitating its illegal transport to India. Jeweller Sahil Jain is suspected of assisting Ranya in selling approximately 49 kilograms of smuggled gold valued at over Rs 40 crore and managing hawala transactions.
The Enforcement Directorate on Thursday continued its searches at places linked to Karnataka Home Minister G Parameshwara as part of the probe into alleged gold smuggling-linked money laundering case against Kannada actress Ranya Rao and others, official sources said.
The Central Bureau of Investigation has arrested the commercial head and production controller of India Ahead News in connection with a probe into the alleged Delhi excise scam, officials said Monday.
Sharpening its attack on West Bengal Governor Jagdeep Dhankhar on Tuesday, a day after Chief Minister Mamata Banerjee claimed that his name figures in the Jain Hawala scandal, the Trinamool Congress said it will think of ways to step up the demand for his dismissal.
A trends study conducted by India's Financial Intelligence Unit (FIU) has expressed suspicion that cryptocurrency is being used across the country in serious criminal acts like terrorist financing, fuelling secessionist activities, cybercrime, narcotics trafficking, illegal betting and gambling. The report, which was based on suspicious transaction reports and operational analysis, shared these trends and credible intelligence with law enforcement agencies.
The Delhi government's Anti-Corruption Branch (ACB) has registered a case against former PWD minister and senior AAP leader Satyendar Jain over alleged corruption in a Rs 571-crore CCTV project. According to the ACB, Jain allegedly accepted a bribe of Rs 7 crore to waive the liquidated damages penalty of Rs 16 crore imposed on Bharat Electronics Limited (BEL). The project, which was executed when he was a PWD minister in the previous Arvind Kejriwal government, was related to the installation of 1.4 lakh CCTV cameras across all 70 assembly constituencies.
Special judge for Central Bureau of Investigation cases Kaveri Baweja took note of the charge sheet on Monday observing that there was sufficient evidence to proceed against her in the case.
A man wanted by the Enforcement Directorate in a 'cash-for-votes' case-linked money laundering investigation in Maharashtra has been apprehended at the Ahmedabad international airport, official sources said on Wednesday.
Botched Time Square bombing plot accused Faisal Shahzad, a Pakistani-origin American, used the hawala system to arrange money in plotting the attack, a CBS News report claimed.
The National Investigation Agency is probing a hawala transaction from Dubai which they believe was used to carry out Hyderabad's twin blasts last week. Vicky Nanjappa reports.
Devendra Mukhia, an alleged aide of former Jharkhand Chief Minister Madhu Koda, on Monday surrendered before the Income Tax Department in Ranchi, which wants to probe his involvement in the alleged hawala and illegal investments case. Mukhia is among the four persons who had failed to meet the November 6 deadline, set by the IT department, to appear before it for questioning in connection with Rs 2000 crore hawala transactions and illegal investments case.
A day after the Bharatiya Janata Party released a CD targetting Robert Vadra and the land deals, the Congress joined the CD war, releasing one showing BJP's prime ministerial candidate Narendra Modi in pictures with one Afroz Fatta, who was arrested in connection to a Rs 1,000 crore hawala racket and dared him to submit himself to an independent probe.
The ED said that Jain's hawala (money laundering) transactions are to the tune of Rs 5,000 crore (Rs 50 billion).
The agency conducted a day long search at various offices of the businessman across the national capital, including Karol Bagh and Chandini Chowk areas recently and seized a large number of documents showing foreign bank accounts, unaccounted investments and receipts and payments showing hawala transactions worth several hundred crore rupees, officials said on Thursday. The accused is one of the leading importers of the Chinese mobiles.
Investigators probing the failed Times Square bombing suspect that a hawala racket was used to fund the terror plot. Hawala is the most common source of funds for terror operations and the global underground racket amounts to a whopping Rs 8000 crore. Sources in the Financial Intelligence Unit say that Indian hawala operations account for a massive Rs 2000 crore.Most hawala transactions that fund terror operations originate in Pakistan.
A woman Jet Airways employee was allegedly trying to smuggle out foreign currency worth over Rs 3 crore.
Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.
Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
Jet Airways (India) termed the allegation made by Nancy Heckerman of US-based aviation outfit that money raised by Jet through public offer was pumped into the market through the 'hawala' route as "baseless".
After charge-sheeting Ramalinga Raju and others in the multi-crore rupee accounting fraud at Satyam, the Central Bureau of Investigation is trying to ascertain the role of 'hawala' operators who allegedly brought in crores of rupees from abroad.
A suspected hawala operator, who allegedly handed over Rs 10 lakh to fugitive Indian Mujahiddin operative Yasin Bhatkal for executing the July 13 triple blasts that killed 27 people in Mumbai, has been arrested from Delhi, the Maharashtra Anti Terrorism Squad said on Tuesday.
'Media reports have highlighted that hawala money is coming from Arab countries. And this money is used to create disturbances in Jammu and Kashmir.'
Nine out of ten terror cases that are reported have had a hawala transaction, reports Vicky Nanjappa
A female agent working for the Pakistani intelligence from Mangalore oversees hawala transactions that help pump money to terror outfits. Vicky Nanjappa reports
The stringent curbs on gold imports has resulted in a huge flow of smuggled gold, being financed by buying dollars from the hawala market.
Hussain, the agency said, has been 'arrested in connection with ongoing PMLA investigation into his role in money laundering and funding of anti-CAA protests and organising riots in north-east Delhi during February, 2020'.
The Enforcement Directorate has seized the largest ever cash haul of Rs 9.28 crore from a Hawala dealer operating from Connaught Place in New Delhi after a night-long operation.
Senior Hurriyat leader Syed Ali Shah Geelani has been asked by probe agencies not to leave Delhi to face investigations in connection to the recently unearthed Hawala money trail in Kashmir.The Hurriyat faction led by Geelani, who is a leader of the Jamaat-e-Islami, attempted to downplay the investigations in the Hawala case. The outfit also called a bandh in the Valley on Tuesday for the 'harassment' of their leader in Delhi.
The federal agency issued a statement, saying it has attached fresh assets worth more than Rs 35 crore that are "beneficially-owned and controlled" by the PFI "in the name of various trusts, companies and individuals" as part of its ongoing probe against the outfit and entities linked to it.
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