Money laundering probe tied to alleged fake bank guarantee leads to arrest and custodial interrogation of corporate CFO.
An enforcement agency arrested a corporate CFO in connection with alleged money laundering arising from a purportedly fake bank guarantee submitted for a group subsidiary. Investigations, initiated by a police FIR, uncovered an intermediary company allegedly issuing counterfeit guarantees for commission, use of an email domain resembling a major bank to send forged communications, multiple undisclosed bank accounts with suspicious transactions, and a paper entity registered at a residential address. The agency is seeking custodial remand for interrogation while the corporate group has lodged a criminal complaint and disclosed the matter to regulators.

Reliance Power CFO arrested for alleged money laundering amid multi crore bank fraud investigation, currently detained.
The chief financial officer of Reliance Power was taken into custody under the Prevention of Money Laundering Act in connection with an inquiry into multi crore bank frauds, with investigators examining the group's financial transactions to trace alleged illicit funds and establish links to the alleged banking irregularities.

Assistant drug controller arrested in alleged money laundering and disproportionate assets probe over bribery and illicit gains.
Allegations state an assistant drug controller is detained under Money Laundering provisions for soliciting bribes from pharmaceutical linked individuals, generating illicit proceeds from predicate offences including cheating, forgery and criminal conspiracy, and using those proceeds to acquire assets disproportionate to known income, with the prosecution arising from vigilance FIRs and a police complaint.

Muthoot Group MD questioned in a money laundering probe over alleged diversion of investor funds.
Investigation concerns alleged inducement of investors into fixed deposits and non-convertible debentures with promised returns, followed by alleged diversion of collected funds to Srei Equipment Finance Limited after representing it as a group affiliate, producing non-repayment on maturity. The Enforcement Directorate registered a case under the Prevention of Money Laundering framework based on police FIRs, summoned the group's managing director and recorded his statement as part of the inquiry.

Bail granted to Nagpur lawyer and brother in PMLA case after prescribed detention and pending predicate offence.
A special court granted bail to two brothers in a money laundering case under the Prevention of Money Laundering Act, noting they had undergone the minimum detention and the maximum imprisonment period applicable to the alleged PMLA offence. The Enforcement Directorate alleges proceeds of crime from forged documents and land grabbing. The court observed the PMLA outcome depends on the predicate offence pending in Nagpur and that related issues are before the High Court, making swift resolution difficult, and therefore found no substantial reason to deny bail.

Religare ESOP manipulation alleged as money laundering, with assets frozen and ESOP gains treated as proceeds of crime.
Enforcement Directorate filed a chargesheet alleging the former Religare executive chairperson orchestrated an ESOP manipulation scheme to unlawfully acquire and convert ESOP shares into alleged proceeds of crime of Rs 179.54 crore, linked to a scheduled offence under IPC cheating and criminal conspiracy; the agency alleges collusion with co executives, unilateral approval and allocation of ESOPs contrary to company policy, inducement of a third party to procure shares and file a complaint, and seeks asset freezing and classification of gains as proceeds of crime.

Unauthorised foreign exchange transactions prompt raids and imminent money laundering probe into alleged luxury car smuggling and forged registrations
Authorities conducted coordinated searches and seizures of high end vehicles and premises linked to owners and intermediaries after preliminary inquiries alleged a syndicate imported luxury cars via neighboring country routes using forged documents and fraudulent RTO registrations, sold them at undervalued prices to high net worth buyers, and routed cross border payments through hawala style channels; the probe is being pursued under the Foreign Exchange Management Act with a criminal money laundering case under the Prevention of Money Laundering Act being prepared, and a court has permitted an application for provisional release of a specific seized vehicle.

Production of original records ordered, compounding files to be produced and law enforcement must clarify money laundering stance.
The court directed the Ministry of Corporate Affairs to produce original files relating to the compounding of irregularities identified by the securities regulator in Indiabulls Housing Finance Limited and required a senior official to attend; it also directed the enforcement agency to clarify its position and the steps taken in light of an investigative report that the allegations prima facie disclosed money laundering, seeking documentary proof of closures and investigatory actions.

No concept of digital arrest under PMLA; arrests are physical and summons carry verifiable QR codes.
No concept of digital arrest exists under the Prevention of Money Laundering Act; arrests under the statute are carried out physically. To combat fake digital summons and extortion, a system generates summons bearing a QR code, unique passcode, signature, stamp and official contact details; authenticity can be verified on the agency's official website after the issuing date (excluding weekends and public holidays). Officials are directed to issue summons through this system except in exceptional cases, and a designated contact is available for non-system summons verification.

Money laundering investigation leads to PMLA searches, freezes and seizures after alleged diversion of public marriage assistance funds.
Enforcement Directorate searches under the PMLA followed allegations that a former Janpad Panchayat CEO and others fabricated beneficiary records and uploaded false information to divert Marriage Assistance Scheme disbursements to ineligible accounts, withdrawing and rerouting proceeds into personal accounts, investments and immovable property; searches, freezes and seizures targeted bank accounts, mutual funds, property papers and digital devices to preserve evidence of proceeds of crime.

JSW money-laundering probe over Rs 33.80 crore disputed payment proceeds; investigation and appeals may continue.
Refusal to stay ED proceedings under the PMLA where the key issue is whether Rs 33.80 crore - unpaid consideration for iron ore - constitutes proceeds of crime. Payments were made through regular banking channels and reflected in accounts; the court declined to quash cognisance or interdict proceedings and directed that statutory appeals be pursued before the Appellate Tribunal, which will determine whether the attached property falls within Section 2(1)(u) PMLA and whether withdrawals violated law.

Fake call centre money laundering probe targets crypto and gift card conversion of extorted funds across multiple locations.
Money laundering searches under PMLA targeted multiple Delhi NCR and Mumbai premises linked to an alleged network of "fake" call centres that duped foreign victims. Accused persons are said to have impersonated corporate support and investigative officials to extort payments, converting victim funds into cryptocurrencies and gift cards; crypto wallets used by the fraudsters reportedly show transactions amounting to millions of US dollars. Searches aim to trace and restrain proceeds and identify channels used for conversion and transfer of illicit funds.

Senthil Balaji's ministership during a pending money laundering trial was not barred; transfer of trial and special prosecutors suggested.
The petition sought clarification on whether former minister V Senthil Balaji could resume ministerial office during his money laundering trial. The bench refused to treat the earlier order as an outright injunction on his ministership but stressed that any assumption of office that risks influencing proceedings or the state's atmosphere would be impermissible. The court suggested considering transfer of trials to a neutral venue and the appointment of special public prosecutors, and sought state submissions and names for such appointments in the large, multi accused cash for job cases.

Asset attachment under PMLA: ED provisionally attaches immovable properties in MUDA linked money laundering probe.
The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act (PMLA) attaching 34 immovable properties, including MUDA sites, alleging routing and layering of undue gratification used to purchase assets in relatives' and associates' names and asserting a nexus between MUDA officials and real estate businessmen involving cash payments for allotments and approvals.

Investigation into Zubeen Garg's death to include probe of alleged financial crimes and benami property acquisitions.
A judicial commission will be formed to investigate Zubeen Garg's death, collect affidavits and digital evidence, and consider post mortem reports, while the CID leads a concurrent probe into alleged organised financial crimes and benami property acquisitions linked to event manager Shyamkanu Mahanta, with the Enforcement Directorate and Income Tax Department likely to join following seizures of multiple PAN cards, corporate seals, and documents during raids.

Murder investigation continues as additional suspects arrested and international cooperation sought for evidence gathering.
Multiple arrests have been made in the investigation into Zubeen Garg's death, with suspects charged under provisions for culpable homicide not amounting to murder, criminal conspiracy and causing death by negligence, and an additional murder charge added; the CID and a Special Investigation Team are conducting interrogations, collecting forensic evidence including autopsy and viscera reports, seeking international cooperation via the Mutual Legal Assistance Treaty with Singapore, and pursuing a parallel probe into alleged money laundering and benami property holdings linked to the festival organiser.

Murder charge invoked against two accused, prompting custody, forensic tests and international mutual legal assistance for evidence collection.
Police have arrested and remanded the singer's manager and the festival organiser and added a murder charge under the Bharatiya Nyaya Sanhita; the CID is conducting a consolidated investigation into multiple FIRs while awaiting forensic viscera results from the Central Forensic Laboratory and coordinating evidentiary cooperation with the foreign jurisdiction through formal requests and a Special Investigation Team.

Interface between insolvency law and PMLA coordination proposed to reconcile asset attachment and moratorium while preserving both regimes
A procedural solution is being prepared to reconcile PMLA asset attachments by the Enforcement Directorate with the IBC moratorium and resolution process, preserving the sanctity of both statutes while enabling effective stressed asset resolution; a circular will provide operational guidance. The IBBI is also implementing Supreme Court directions for real estate and drafting regulations to reflect proposed amendments to the Code following stakeholder consultations.

Virtual Digital Asset compliance: notices and takedowns issued for offshore providers operating without required AML/CFT registration.
FIU IND issued non-compliance notices under the PML Act to 25 offshore Virtual Digital Asset Service Providers for failing to register and meet activity-based AML/CFT obligations applicable to entities serving Indian users, noting that registration and duties (reporting, record-keeping, and other compliance) apply regardless of physical presence. The Director also used IT Act powers to issue takedown notices for publicly accessible applications/URLs of entities operating without PML Act compliance.

Foreign exchange violations prompt ED searches and PMLA-linked investigation into alleged fund diversion and undisclosed related party transfers.
Foreign exchange compliance and alleged illegal remittances are under investigation after Enforcement Directorate searches in Maharashtra and Madhya Pradesh targeting Reliance Infrastructure. The probe follows a securities regulator report alleging diversion of funds disguised as inter corporate deposits through an intermediary that was not disclosed as a related party, prompting action under the Prevention of Money Laundering Act. The company has characterised the matter as historical, stated disclosed exposure, and cited a mediated settlement filed in court to recover the exposure.