Triggered by a CBI FIR in 2014 per Supreme Court orders, the investigation exposed a sophisticated illegal deposit scheme that swindled over Rs 48,000 crore from lakhs of people. Promises of farmland investments with easy payment plans—down payments and installments—drew in victims, who were tricked into bogus agreements without ever receiving plots or returns.

ED uncovered layers of deception involving benami firms and circular transactions designed to whitewash black money. Even after the Supreme Court’s 2016 intervention forming the Justice Lodha Committee for asset liquidation and investor refunds, rogue elements persisted in siphoning assets, prompting fresh FIRs across states.

From the initial ECIR in 2016 to multiple prosecution complaints culminating in 2026, the special court remains seized of the matter. Cumulative attachments now stand at a staggering Rs 22,656.91 crore. As ED vows continued vigilance, this move signals hope for justice to thousands awaiting restitution from one of India’s largest chit fund scandals.

Triggered by multiple cases registered with CBI, ACB Dhanbad, and local police, the ED’s scrutiny exposed a sophisticated scam. Kumar, stationed across several SBI branches in Jharkhand, exploited his authority to siphon funds via hundreds of fraudulent debits from dormant pension accounts and KCC holders among rural, unlettered farmers.

The laundered proceeds, pegged at Rs 5.40 crore, were routed through a web of middlemen accounts, dubious NGOs, and phantom companies to obscure origins. This modus operandi highlights vulnerabilities in rural banking oversight.

With the probe ongoing, the ED is closing in on the broader network of enablers. This high-profile attachment serves as a deterrent, reminding banking officials of the severe repercussions for fiduciary breaches. Expect more revelations as the agency peels back layers of this financial conspiracy.

Triggered by a Manipur Police FIR naming Yambem Biren and Narenbam Samrajeet for secessionist plots involving war against India, sedition, and hate-mongering, the case escalated with NIA’s chargesheet. It exposed a fraudulent scheme luring depositors with 36% returns, illegally amassing funds without licenses, then laundering them via 19 group companies for unlawful uses like insurgency support.

Sलाई Financial Services abused its money-lending registration to run unregulated public deposits, bypassing RBI norms and operating like shadow banks. Laundered cash bought assets, covered imports, taxes, travels, and cash extractions. CBI’s 2023 FIR and November 2024 chargesheet confirmed ₹46.43 crore Ponzi fraud.

ED’s earlier freezes on select accounts held up in adjudication, paving way for court complaints. Now, with 28 fixed and 5 movable properties nailed, cumulative attachments hit ₹53.22 crore. This operation underscores ED’s resolve to dismantle terror-financing networks, with further revelations expected.

Triggered by a CBI probe initiated per Supreme Court orders, the case revolves around manipulated notifications and releases of government-notified land in Gurugram sectors spanning 58 to 63 and 65 to 67. What was meant for public infrastructure was diverted to private hands through fraudulent GPAs and sham collaborations pre-notification.

ED sleuths uncovered how APIL bypassed fair valuation by securing powers of attorney sans payments, creating leverage to negotiate dirt-cheap deals post-notification. This not only eroded landowner rights but funneled black money into high-end projects.

Key to the approvals were DTCP licenses for Badshahpur land, freeing notified portions for ‘Essencia’ and ‘Versalia’ townships—luxury developments now occupied by unsuspecting buyers. The Agra properties, held by APIL-linked shells, were traced as laundered assets funding these ventures.

As the investigation deepens, this action aims to claw back illicit gains and shield end-consumers from project delays or legal tangles. It marks a pivotal moment in cleaning up Haryana’s real estate sector, plagued by similar scams for years, and reinforces accountability in urban development.

Under PMLA provisions, the attachment follows a CBI-registered FIR charging RCom, Ambani, and associates with IPC sections on conspiracy, criminal breach of trust, cheating, and anti-corruption laws. The probe exposed how the telecom firm and affiliates siphoned loans exceeding Rs 40,185 crore from banks, leaving a trail of NPAs.

Central to the case is the bungalow’s shift to a family trust, purportedly to distance it from Ambani’s personal liabilities as guarantor for RCom loans. ED contends this maneuver preserved family wealth while banks suffered massive losses. An earlier attachment on part of the property stood at Rs 473.17 crore.

As ED reaffirms its resolve to protect public funds, this action highlights systemic risks in corporate lending. The once-mighty Reliance empire’s fall from grace raises broader concerns about governance in India’s corporate sector. With the investigation intensifying, stakeholders await clarity on recovery prospects for beleaguered lenders.

Ludhiana cyber police’s FIR kicked off the ED probe, revealing how con artists impersonated CBI officers to scare Oswal into compliance. The loot flowed through mule accounts like M/s Mrityunjay Multitrade, opened by exploiting economically weak people with fake job offers. Accomplices Rumi Kalita and Arpit Rathore funneled funds via entities such as Frozenman Warehousing and Riglo Ventures, blending scam proceeds with other cyber hauls before shipping them overseas.

Recent ED searches in late 2025 yielded incriminating evidence, resulting in the duo’s arrests and judicial remand. The network’s reach extends to 200+ mules and ₹1.73 crore from other victims, hinting at foreign handlers. This case highlights the growing menace of digital arrest scams, where fraudsters weaponize fear of law enforcement against high-profile targets. ED vows deeper probes to dismantle the entire operation and recover laundered assets.

Triggered by a 2022 FIR from the Economic Offences Cell, the ED uncovered how Kelvekar used bogus gold items pawned in multiple identities to approve 32 loans. Raikar, entrusted as the bank’s gold appraiser, falsified reports to pass off fakes as pure gold, enabling the quick release of funds.

Post-disbursal, money flowed directly into Kelvekar’s account, financing gold bullion buys and property acquisitions. Probe estimates peg criminal proceeds at ₹2.81 crore, with the seized assets directly representing laundered wealth under PMLA provisions.

September 2025 searches at accused premises uncovered a trove of damning papers, from forged valuations to transaction logs. This provisional attachment under PMLA aims to strip fraudsters of their ill-gotten empire.

As investigations deepen, ED teams are dissecting linked accounts and transactions, signaling a broader sweep against white-collar crime in Goa’s financial sector. This case highlights the urgent need for robust verification in high-value loans, prompting calls for systemic reforms.

Triggered by a Lokayukta FIR invoking anti-corruption laws, the case accuses Dr. Mittal of disproportionate asset accumulation. Official records show his declared income was a modest Rs 60 lakh, yet asset buildup and spending reached Rs 2.98 crore—a gap of Rs 2.38 crore screaming irregularity.

Assets sprawled across names: Dr. Mittal’s, his wife’s, and the family HUF, hinting at deliberate concealment tactics. Purchases involved shadowy cash flows, opaque banking, and multi-layered deals to mask origins.

Unexplained expenditures on lifestyle and home needs further fueled suspicions. The couple allegedly laundered black money by integrating it into their limited white income streams.

A clever twist: Properties bought before the 2012 FIR were liquidated afterward, with funds funneled into fresh acquisitions. ED classifies these recycled gains as criminal proceeds, justifying their inclusion in the seizure.

Key assets seized: Capital gain bonds plus prime lands for housing and farming in Bhopal and Raisen. As the agency presses on, this development signals intensifying scrutiny on bureaucratic graft, promising accountability in public health administration.

Triggered by Yes Bank irregularities and RCom-linked bank scams, the move targets shares in power and metro ventures under Reliance Infrastructure, plus financial holdings from Value Corp. Executive-linked assets, such as Seturaman’s home and Garg’s investments, are also in the crosshairs. Cumulative attachments now surpass ₹12,000 crore.

At the heart of the scandal: Yes Bank’s ₹5,010 crore exposure to RHFL and RCFL soured rapidly into massive NPAs. Public funds exceeding ₹11,000 crore were injected via backdoor routes from Reliance Nippon MF through Yes Bank, evading regulatory hurdles.

CBI-registered cases paint a grim picture of ₹40,185 crore in outstanding loans from multiple lenders, branded fraudulent by nine banks. Funds were round-tripped: evergreening debts, propping up related parties, and parking in investment vehicles before recirculation.

Bill discounting schemes facilitated illicit transfers abroad and to group insiders, flouting every lending norm. As probes deepen, this saga highlights systemic vulnerabilities in corporate lending and the ED’s aggressive pursuit of accountability.

For investors and regulators, it’s a stark reminder of governance lapses in once-mighty conglomerates. The coming months will reveal if more skeletons tumble out, potentially reshaping India’s corporate landscape.

Triggered by police FIRs, the case exposes how engineering seats were blocked and auctioned illegally through the Karnataka Examination Authority’s admission process. Colleges under BMS demanded exorbitant capitation fees in cash, far exceeding government-regulated amounts, funneled via agents and brokers.

Extensive searches in May and June yielded incriminating evidence: ₹1.86 crore cash haul, notebooks detailing deals, digital chats, and papers proving ₹20.20 crore in black money from admissions. Management admitted to off-books collections routed for private luxury.

This scam underscores systemic flaws where desperate students pay premiums for seats. ED’s action signals a zero-tolerance stance, with ongoing investigations promising further arrests and attachments. Stakeholders await judicial outcomes to restore integrity in merit-based admissions.