Panaji, Feb 14 (IANS) The Enforcement Directorate’s Panaji Zonal Office has provisionally attached three immovable properties valued at Rs 2.29 crore under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a major fraud involving Jiwa Mines and Minerals Ltd, officials said on Saturday.The case involves the alleged cheating and criminal breach of trust against China-based Lao Ting Dadi Mobile Components Co Ltd, which was defrauded of approximately Rs 13.42 crore (USD 2.95 …
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New Delhi, Feb 14 (IANS) IPO-bound Skyways Air Services Ltd, a Delhi-based air freight forwarding and logistics company, is facing an FIR — filed with the Delhi Wing of the Economic Offences Wing (EOW) by UK-based PG Paper Company Limited – over an alleged “large-scale fraud” to the tune of Rs 480 crore involving nine firms/persons (including Skyways Air Services Ltd).The FIR with EOW Delhi, a copy of which was accessed by IANS, states that the UK-based firm filed the complaint against nine a…
New Delhi, Feb 13 (IANS) A Delhi court on Friday extended the judicial custody of Faridabad-based Al Falah University chairman Jawad Ahmed Siddiqui for 14 days, and the matter will come up for the next hearing on March 27. The court also issued a notice to the Enforcement Directorate (ED) on a plea filed by Siddiqui. He had moved an application seeking documents related to the charge sheet and requested that the material be provided to him.Siddiqui was arrested by the Delhi Police Crime Branch o…
Washington, Feb 13 (IANS) A fierce debate over the future of US crypto regulation unfolded on Capitol Hill as senators clashed over whether the Trump administration’s Securities and Exchange Commission is easing enforcement while pushing for a new statutory framework to bring clarity to digital asset markets.SEC Chairman Paul S. Atkins on Thursday defended a pivot away from what Republicans described as “regulation by enforcement” under the previous administration and towards clearer statu…
Washington, Feb 4 (IANS) President Donald Trump has called for stronger federal involvement in US elections, arguing that states that fail to conduct elections “legally and honestly” should face federal intervention.Speaking to reporters at the White House after signing a major spending bill on Tuesday (local time), Trump questioned the current system for state-administered elections.“I want to see elections, be honest,” he said. “If a state can’t run an election, I think the people …
Islamabad, Feb 3 (IANS) The dream of millions of Pakistanis working in other nations is shattered not due to distance but by betrayal. Pakistani expats often end up losing their inheritances or life’s savings through frauds and unsuccessful efforts to take back their properties which have illegal occupation, a report has detailed. A 40 per cent of Pakistanis working in other nations face property disputes, with illegal occupation and land grabbing at home being the most common offences. These ar…
New Delhi, Jan 22 (IANS) Taking action in a Rs 236 crore loan fraud, the ED arrested a Gurugram-based company’s suspended official for cheating that involved fictitious sales and misrepresentation to generate funds for money laundering, an official said on Thursday. The Directorate of Enforcement (ED), Gurugram Zonal Office, arrested Sandeep Gupta, ex-promoter and suspended managing director of Richa Industries, under the provisions of PMLA, 2002, on January 20, 2026.Later, he was produced bef…
Washington, Jan 20 (IANS) A US senator has introduced a bill that would make it easier for the administration to revoke the citizenship of naturalised Americans who commit serious crimes, large-scale fraud, or have links to terrorist organisations.Republican Senator Eric Schmitt of Missouri said the legislation is needed to protect the integrity of American citizenship. The bill is called the Stop Citizenship Abuse and Misrepresentation, or SCAM, Act.Schmitt said recent fraud cases show that the…
Nagpur, Jan 13 (IANS) The Enforcement Directorate’s Nagpur office conducted search operations on January 7, 2026, at three locations in Nagpur district under the Prevention of Money Laundering Act, 2002. The raids targeted premises linked to Nished Mahadeo Rao Wasnik and his aides in connection with an alleged crypto currency investment fraud, a press statement said on Monday. The searches resulted in the seizure of voluminous incriminating documents and records, along with digital devices. Auth…
Hyderabad, Jan 6 (IANS) The Telangana Police have arrested Falcon Group Managing Director Amar Deep in a digital investment scam case. Officials of the Crime Investigation Department (CID) arrested him in Mumbai on Monday, soon after he arrived from the Gulf.Based on specific inputs received from immigration authorities, the police intercepted Amar Deep in Mumbai. The CID team acted swiftly to arrest him.The CID had already issued a lookout circular against Amar Deep, who had allegedly fled to D…