The Enforcement Directorate (ED) conducted raids at Ruchi Group-linked premises in Mumbai and Indore under the PMLA in connection with alleged bank fraud cases, freezing bank balances over Rs 20 lakh and seizing cash worth more than Rs 23 lakh
25 December,2025 06:56 PM IST | Mumbai | mid-day online correspondent
Agency initiates investigation based on a case registered by the Indore Police; a prosecution complaint was filed on December 22 before a Special PMLA Court in Indore against the syndicate.
24 December,2025 08:14 AM IST | Mumbai | Anish Patil
Mumbai
Mehul Choksi and his nephew Nirav Modi are the prime accused in a scam, being probed by both the CBI and ED. They are accused of siphoning off over Rs 13,000 crore from the PNB using Letters of Undertaking and Foreign Letters of Credit by bribing officials
23 December,2025 10:48 PM IST | Mumbai | PTI
While hearing his pleas, HC asked Mallya, who is wanted in India to face trial on fraud and money laundering charges, about his return. The bench made it clear to Mallya’s counsel that it will not hear the plea against the Act unless the businessman first submits to the court’s jurisdiction
23 December,2025 07:18 PM IST | Mumbai | mid-day online correspondentADVERTISEMENT
