ENFORCEMENT & INVESTIGATION


Moneylife Digital Team 08 April 2026
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached assets worth about ₹16.95 crore in connection with a ₹122 crore embezzlement case linked to New India Cooperative Bank Ltd (NICBL), intensifying its crackdown on financial fraud.   The attachment...

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Moneylife Digital Team 07 April 2026
Central bureau of investigation (CBI) is probing bank loan frauds involving claims of about ₹73,000 crore in seven cases registered against the Reliance Anil Dhirubhai Ambani (ADA) group, according to a status report submitted before the Supreme Court, PTI reported.   The agency informed the...

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Moneylife Digital Team 07 April 2026
The directorate of enforcement (ED) has provisionally attached immovable properties worth about ₹944 crore linked to real estate company Piyush Colonisers Ltd, the company's former promoters and associated entities, in connection with an alleged money laundering and homebuyer fraud...

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Ritwik Choudhury (Bar  and   Bench) 06 April 2026
The Supreme Court on Monday a ordered a probe by the Central Bureau of Investigation (CBI) into allegations of favouritism with respect to allotment of public works contracts in Arunachal Pradesh to firms linked to Chief Minister Pema Khandu's family members.   A Bench of Justices Vikram...

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Moneylife Digital Team 01 April 2026
Central bureau of investigation (CBI) on Wednesday registered a fresh case against industrialist Anil Ambani and Reliance Communications Ltd (RCom) over allegations of causing a wrongful loss of ₹3,750 crore to the Life Insurance Corporation of India (LIC).   The case has been filed under...

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Moneylife Digital Team 01 April 2026
The directorate of enforcement (ED) has facilitated the restitution of 455 immovable properties worth around ₹15,582 crore to the justice RM Lodha committee in connection with the long-running PACL scam, marking a significant step towards refunding defrauded investors.   The restitution...

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Moneylife Digital Team 27 March 2026
The directorate of enforcement (ED) has provisionally attached immovable properties worth ₹19.12 crore in connection with the long-running National Spot Exchange Ltd (NSEL) scam (), taking the total value of attached assets in the case to over ₹3,452 crore.   The latest action was carried out...

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Moneylife Digital Team 26 March 2026
Fugitive diamond merchant Nirav Modi has suffered a fresh legal setback after the High Court of Justice, King’s bench division in London rejected his plea to reopen proceedings against his extradition to India.   The Court ruled that Nirav Modi’s application failed to meet the threshold of...

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Moneylife Digital Team 26 March 2026
The directorate of enforcement (ED) has intensified its crackdown on the Mahadev Online Book betting syndicate by attaching assets worth about ₹1,700 crore, including high-value properties in Dubai and New Delhi, in one of the largest actions in the case so far. The assets include luxury villas...

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Moneylife Digital Team 24 March 2026
The Hyderabad city police have busted a massive multi-level marketing (MLM) and illegal money circulation racket linked to QNet, arresting 32 persons across Telangana, Andhra Pradesh and Karnataka in a coordinated inter-state operation.   The crackdown was carried out by the special...

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Moneylife Digital Team 23 March 2026
The directorate of enforcement (ED) has provisionally attached 126 immovable properties valued at ₹5,046.91 crore in connection with its ongoing probe into the alleged multi-crore fraud involving PACL Ltd.   The attachments, carried out by the agency’s Delhi zonal office under the provisions...

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Moneylife Digital Team 20 March 2026
In a significant escalation of corporate enforcement action, the Union ministry of corporate affairs (MCA) has formally approved the serious fraud investigation office (SFIO)'s recommendation to initiate criminal prosecution against multiple individuals and companies in the Dalmia group,...

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Moneylife Digital Team 18 March 2026
The Supreme Court on Wednesday grappled with a fundamental constitutional question, whether the directorate of enforcement (ED), as a department of the Union government rather than an independent legal entity, can file a writ petition under Article 32 of the Constitution against a state, after...

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Moneylife Digital Team 17 March 2026
The directorate of enforcement (ED) has provisionally attached assets worth ₹50.80 crore linked to the Salai group of companies, SMART Society and associated entities in connection with an alleged illegal deposit scheme and money laundering case with links to unlawful activities in Manipur. The...

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Moneylife Digital Team 13 March 2026
The directorate of enforcement (ED) has conducted search operations at 19 premises across multiple cities in connection with a major banking fraud involving the alleged embezzlement of around ₹597 crore belonging to government accounts.   The searches were carried out on 12 March 2026 by the...

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Moneylife Digital Team 13 March 2026
The directorate of enforcement (ED) has provisionally attached 31 immovable properties worth ₹581.65 Crcre in connection with an alleged bank fraud involving Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).   The attached assets include land parcels spread across...

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Moneylife Digital Team 11 March 2026
The directorate of enforcement (ED) has provisionally attached 50 immovable properties worth ₹29.76 crore in connection with an alleged illegal surrogacy and child trafficking racket operated by a Hyderabad-based doctor through Universal Srusthi Fertility & Research Centre.   In a release,...

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Moneylife Digital Team 06 March 2026
The directorate of enforcement (ED) has conducted search operations at eight locations in Mumbai and Chennai in connection with a probe into a cartel allegedly luring investors with fraudulent offers to sell unlisted shares of the National Stock Exchange (NSE).   The searches were carried out...

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Moneylife Digital Team 06 March 2026
The directorate of Enforcement (ED) has arrested two chartered accountants (CAs) in connection with a large cyber-enabled fraud and money laundering operation involving illicit funds of about ₹641 crore routed through mule accounts, shell entities and overseas financial platforms. Both the CAs...

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On 28th February, TV Mohandas Pai, the well-known angel investor, tagged finance minister (FM) Nirmala Sitharaman in a post on X, drawing attention to what seems to be a case of enforcement overreach: the arrest of Rishi Gupta, managing director and chief executive officer (MD& CEO) of Fino...

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