ED Questions Rana Kapoor: The Enforcement Directorate (ED) on Monday questioned Yes Bank co-founder Rana Kapoor in connection with the ongoing investigation under the Prevention of Money Laundering Act (PMLA), which focuses on alleged financial transactions linked to Anil Ambani group companies. According to officials, this investigation mainly pertains to the period from 2017 to 2019, when Yes Bank had made large-scale investments in Reliance Anil Ambani group companies.

Rana Kapoor interrogated again

ED says that during this period, Yes Bank invested about Rs 2,965 crore in Reliance Home Finance Limited (RHFL) and about Rs 2,045 crore in Reliance Commercial Finance Limited (RCFL), out of which an amount of Rs 1,353.5 crore was found outstanding on RHFL and Rs 1,984 crore on RCFL.

According to the investigating agency, these two companies together had received public funds worth more than Rs 11,000 crore. ED also claimed that before Yes Bank made investments in Anil Ambani group companies, the bank had received huge amounts of money from its erstwhile Reliance Nippon Mutual Fund.

Screw tightened in money laundering case

The agency alleges that due to conflict of interest under SEBI rules, Reliance Nippon Mutual Fund could not directly invest or transfer funds in the financial companies of Anil Ambani group, so the public’s mutual fund investments were allegedly routed to these companies through Yes Bank through an indirect route.

ED believes that Rana Kapoor is being interrogated to understand this suspicious structure and flow of money, so that it can be found out how public funds were misused and money laundered.

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Former Maharashtra minister and veteran NCP leader Nawab Malik has suffered a major setback in the money laundering case. A special court of PMLA has framed charges against Nawab Malik. This matter is related to the Enforcement Directorate (ED) case of the year 2022.

ED had arrested Nawab Malik in February 2022. It is alleged that with the help of Dawood Ibrahim’s sister Haseena Parkar, he wrongfully took possession of about three acres of land in Kurla, Mumbai. There is an allegation that crime related money of Rs 16 crore was involved in this deal. There has also been an allegation of use of fake documents.

Nawab Malik declared himself innocent

NCP leader Nawab Malik declared himself innocent in the PMLA case related to Dawood Ibrahim’s property, after which the special PMLA court framed charges against him.

During the hearing in the court, Nawab Malik’s lawyer had said that we have filed a petition in the High Court regarding this case. During the last hearing on this petition, ASG Anil Singh had told the High Court that he will give the documents related to this case to the accused party and till then the charge will not be framed.

The court rejected the petition

Earlier, a special court of PMLA had rejected the discharge petition filed by Malik and his company. The discharge petition was filed on behalf of Malik’s company ‘Malik Infrastructure’. On behalf of the company, it was said that the entire ED case is based on guesses and speculations, because the company did not exist at the time the alleged illegal deal took place.

Sufficient primary evidence present in the case – Court

Rejecting the company’s arguments, the court said that there is sufficient primary evidence in the case. The court said that from the preliminary investigation it is clear that Nawab Malik, along with Haseena Parkar, Salim Patel and accused Sardar Khan associated with D-Company, took illegal possession of a valuable plot in Kurla and then tried to legalize it through money laundering. This plot is said to involve criminal proceeds of Rs 16 crore.

JayPee Infratech Money Laundering Case: The troubles of Manoj Gaur, former managing director of Jaypee Infratech, are increasing continuously. After completing five days of ED custody in the money laundering case, he was produced in Delhi’s Patiala House Court on Tuesday. After the end of his custody, the court has ordered to send Manoj Gaur to judicial custody for 14 days.

What is the whole matter?

On November 13 (Thursday), the ED had arrested Manoj Gaur, a renowned builder of Greater Noida, on charges of allegedly defrauding investors in the project and money laundering. After his arrest, Patiala House Court sent him to ED custody for 5 days.

During the hearing in the court, ED officials told that the companies led by Manoj Gaur raised Rs 32,825 crore from home buyers, but out of this, about Rs 13,833 crore was used for other purposes. Overall only Rs 18,000 crore was spent on construction works.

Many complaints from investors registered

The agency alleges that the companies transferred huge amounts of money to various firms and private accounts, due to which thousands of home buyers have not yet been able to get possession of their flats.

Many FIRs have been registered in this matter in Delhi and Uttar Pradesh Police. Investors have complained that they did not get the houses on time and their capital remained stuck. ED told the court that the remand of Manoj Gaur is necessary so that a thorough investigation can be done into the alleged misuse of huge amount of money, transactions done abroad and the role of other related accused.

During ED’s custody, Manoj Gaur’s lawyers argued in the court that he was already cooperating in the investigation and buyers in many of the group’s projects had already got possession of the houses. The Gaur family termed the arrest as unnecessary and demanded reduction in the remand period. However, after hearing all the parties, the court approved the 5-day ED remand, considering it appropriate.

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Jaypee Money Laundering Case: Former Chairman of Jaypee Group, Manoj Gaur was arrested by the Enforcement Directorate (ED) in Delhi on 13 November 2025 in a money laundering case. ED has made this arrest under the Prevention of Money Laundering Act (PMLA). Manoj Gaur is the former Executive Chairman and CEO of Jaiprakash Associates Limited (JAL) and also the former CMD of Jaypee Infratech Limited (JIL).

What is the matter?

The ED investigation is based on the FIR lodged by the EOW (Economic Offenses Wing) of Delhi and Uttar Pradesh Police. In these FIRs, thousands of homebuyers had complained that they had paid money to buy flats in projects like Jaypee Wishtown and Jaypee Greens, but the projects were not completed.

The complainants alleged that the company and its promoters defrauded them under criminal conspiracy and wrongly diverted their money for other purposes.

What came to light in the ED investigation?

According to the ED, Jaypee Associates Limited (JAL) and Jaypee Infratech Limited (JIL) extorted approximately Rs. Raised Rs 14,599 crore (based on claims filed in NCLT). A large part of this huge amount was not used in construction work, but Diverted to other companies and trusts of the group.

The institutions to which the money was transferred include —

• JP Seva Sansthan (JSS)
• Jaypee Healthcare Limited (JHL)
• Jaypee Sports International Limited (JSIL)

Most importantly, Manoj Gaur is also the Managing Trustee of Jaypee Seva Sansthan (JSS), And this trust was among those receiving diverted funds.

ED raid and evidence

On 23 May 2025, ED in Delhi, Noida, Ghaziabad and Mumbai Raids were conducted at 15 places. A large amount of financial documents, digital records and evidence related to fund diversion were recovered in these raids. Investigation revealed that Manoj Gaur’s role was central in the planning and decisions of fund diversion. ED says to transfer funds here and there A complex network of companies and trusts was created.

ED has clarified that the investigation is still going on, and more major revelations and arrests are possible in the coming days. This arrest is being considered as the biggest action taken so far in the real estate sector, which can prove to be an important step towards providing justice to thousands of homebuyers.

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Taking major action in the money laundering case, the Enforcement Directorate (ED) has temporarily seized assets worth Rs 11.14 crore of former Team India cricketers Suresh Raina and Shikhar Dhawan. This action has been taken as part of a money laundering investigation related to the illegal online betting platform 1xBet.

According to ED, mutual fund investments worth Rs 6.64 crore in the name of Suresh Raina, while a property worth Rs 4.5 crore in the name of Shikhar Dhawan has been seized.

What was revealed in the investigation in ED,

ED investigation revealed that 1xBet and its other brands like 1xBat and Sporting Lines were running online betting and gambling business in India without any permission. Investigation found that Suresh Raina and Shikhar Dhawan had made endorsement deals with foreign companies and advertised through videos and social media posts for the promotion of 1xBet.

Payments for these advertisements were not sent directly to India but were routed through foreign routes. So that the real source can be hidden. According to ED, this money was earned from illegal betting. To make it look white, a deal was made with the cricketers.

ED investigation further revealed that 1xBet used thousands of fake accounts or accounts created in the names of others for betting in India. So far, more than 6000 such accounts have been identified. Betting money was deposited in these accounts. Which were further transferred several times through various payment gateways so that the money could not be tracked. ED raided four payment gateways in the country and till now more than 60 bank accounts have been frozen. An amount of about Rs 4 crore has been blocked in these accounts.

Central agency appealed to the people

ED has appealed to the people to stay away from any online betting or gambling app. He has warned that those who promote such platforms or give their bank details to someone else for use, then action can be taken against them under PMLA law. In which there is a provision of imprisonment up to 7 years and confiscation of property.

ED has advised the public not to give their bank account or UPI ID to anyone else for use. Do not click on any betting, high return or passive income link on social media. Stay away from mobile apps or Telegram/Whatsapp channels that promote gambling or betting. If someone has misused your account, immediately inform the bank and police. The investigation into this matter is still going on.

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ED Summons Anil Ambani: Reliance Group Chairman Anil Ambani’s problems have increased further in the bank loan fraud case. The Enforcement Directorate (ED) has sent a notice to Anil Ambani to appear for questioning again next week. ED has asked the 66-year-old industrialist to appear before the agency on November 14. He will be interrogated on charges of money laundering in the SBI bank loan fraud case. Earlier, ED had called Anil Ambani for questioning on August 5.

ED (Enforcement Directorate) has intensified the investigation into the fake bank guarantee racket related to Anil Ambani’s company Reliance Power. Investigation has revealed that the company had filled the tender for the government project SECI (Solar Energy Corporation of India), in which it was necessary to give bank guarantee. For this, Reliance Power had entrusted this work to a company named Biswal Tradelink Pvt Ltd (BTPL) of Odisha.

what is the matter

The investigation found that the bank guarantee given by BTPL was fake, and in return Reliance Power had paid about Rs 5.4 crore to BTPL. The people involved in this fraud created a fake domain named s-bi.co.in by copying the real website of SBI (sbi.co.in). Through this, fake emails were sent, so that it seemed as if the bank guarantee had been issued by State Bank of India (SBI).

ED has arrested BTPL Managing Director Parth Sarathi Biswal. Investigation revealed that BTPL is a company formed only on paper – neither its actual office nor documents were found. Suspicious transactions worth crores of rupees were found in many secret bank accounts of the company. People associated with the racket used disappearing messages on Telegram app so that evidence could be destroyed.

Big questions before ED

Now ED is investigating – who approved the payment of Rs 5.4 crore to BTPL and why?

Was Anil Ambani aware of this fraud?

Who benefited from the fake bank guarantee?

Through which channels and people was the money transferred?

Since this case is directly related to Reliance Power and its affiliated companies, ED has called Anil Ambani for questioning so that his role can be clarified.

Big revelation of the racket – fake guarantee of Rs 68.2 crore

The ED investigation also found that Reliance NU BESS Limited and Maharashtra Energy Generation Ltd, which are Anil Ambani group companies, had also submitted fake bank guarantees worth Rs 68.2 crore to SECI. After this case, ED has also started re-investigation into the old financial fraud cases of Anil Ambani Group. Reliance Communications Ltd (RCom) accused of loan fraud of ₹14,000 crore. Case of fraud of Rs 1,050 crore registered against Canara Bank.

The government had told in Parliament that SBI has declared RCom as a ‘fraud account’, and preparations are being made to send a complaint to CBI. Overall, this case is not limited to just a fake bank guarantee – it raises serious questions on the financial transparency and management of Reliance Group.

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The Mohammad Yunus government of Bangladesh has now banned the proposed visit of radical Islamic preacher Zakir Naik, wanted in India, to Bangladesh. After huge criticism and controversy, the government has made it clear that at present Naik will not be allowed to enter the country. This decision was taken in the meeting of the Law and Order Core Committee of the Home Ministry held at the Dhaka Secretariat on Tuesday. Information about this decision has been given by local media outlet Pratham Aalo.

Earlier, the Yunus government had made preparations to welcome Zakir Naik, notorious for his hate speeches. As soon as this news came out, India officially expressed its objection. The Indian Foreign Ministry had issued a statement expressing hope that if Zakir Naik reaches Dhaka, he will be handed over to India.

Zakir Naik is taking refuge in Malaysia

At present Zakir Naik is taking refuge in Malaysia. There are many serious cases registered against him in India for terrorism, money laundering and spreading hate speech. In 2016, the National Investigation Agency (NIA) had filed a case against him under anti-terrorism laws, after which he fled India and obtained permanent residence status in Malaysia.

Naik was about to attend a religious program in Dhaka

According to reports, Naik was scheduled to attend a religious program to be organized in Dhaka on 28-29 November. The responsibility of this event was given to Spark Event Management Company, which had recently announced on Facebook that it is preparing to bring Naik to Bangladesh. The event was to be held in Agargaon area of ​​Dhaka and the organizers had claimed that they had received government permission.

Government canceled the program

However, now the government has canceled this program. It is noteworthy that former Bangladesh Prime Minister Sheikh Hasina government had already banned Zakir Naik from entering the country. In 2016, two terrorists involved in the terrorist attack on a cafe in Dhaka were revealed to have been influenced by Naik’s radical speeches.

Investigation into cases registered against Naik in India continues

The investigation into the cases registered against Naik in India is still going on and Indian agencies are making efforts for his extradition. This decision of the Bangladesh government is being considered an important step in terms of regional security.

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ED has given Bangalore’s big real estate company Ozone Urbana Infra Developers Pvt. Ltd. And has taken major action against its promoters. In the case of money laundering, ED has attached assets worth Rs 423.38 crore on 4 October 2025. This action has been taken under PMla.

ED investigation is based on several FIRs, which were registered in different police stations in Bangalore city. In these FIRs, the company and its promoters were accused of fraud and conspiracy. Apart from this, on the order of the Supreme Court, CBI, EO-I, New Delhi also registered a case against the company.

Thousands of home buyers do not capture flat

Investigation has revealed that Ozone Urbana Infra Developers Pvt. Ltd. Did not complete their housing projects on time and did not capture the flat to thousands of home buyers. The company had promised to woo the people that the EMI of home loan would be filled itself till it is captured, but later neither gave EMI nor returned flat or money. ED investigation has revealed that the company and its promoter S.K. Vasudevan grabbed around Rs 927 crore from buyers … He transferred this money to the accounts of other group companies and his family … Investigation also found that the money that the builder had taken for the project development was spent elsewhere …

Raid at 10 places
The Bangalore zonal team of ED conducted raids at 10 places on 1 August 2025. Many important documents and evidence were found from there, which revealed the fund diversion. Now, ED has attached the assets of the company and its promoter provisional. In this, Ozone Urbana Infra Developers Pvt. Ltd. 92 flats of Avenue Project, 13 flats of Aqua-2 project, 4.5 acres of commercial land and promoter S. Vasudevan and his wife have 179 acres of land. The total price of all these properties has been stated to be Rs 423.38 crore. However, the investigation of the case is going on.

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Ed Action on Waqf Board Request: Taking major action in the money laundering case, the ED has returned an amount of Rs 3.82 crore to the Karnataka State Waqf Board. This money was from the Waqf Board, which was wrongly transferred to other accounts through fraud.

The ED conducted this investigation under the ongoing investigation against Sushila Chintamani and others. The case started with an FIR, which was registered against two officers of Vijaya Bank and Syed Siraj Ahmed, an employee of the Waqf Board.

Transferred money in accounts of fake companies

The Waqf Board had given a fixed deposit of about Rs 4 crore through two checks in Vijaya Bank to open a fixed deposit, but instead of opening FD, these money was transferred to the accounts of fake companies. According to the ED, Mercedes cars were purchased from Rs 1.10 crore out of Rs 4 crore and Rs 2.72 crore was transferred to a fake company Ajay Sharma Trading Corporation.

ED returned money to the real entitled

ED tracked the entire money trail of this scam and attached property worth Rs 3.82 crore. After this, on 31 March 2017, ED also filed a charge sheet against 6 people and companies in the court. Under the PMLA law, the ED emphasized that the money which was incorrectly withdrawn, should be returned to its real entitlement.

When the court asked to return the money to the Waqf Board, the ED did not object to this. Finally, on 1 July 2025, ED returned the money to the Waqf Board, CEO Jilani H. Mokashi of the Karnataka State Waqf Board was handed over a banker check of Rs 3.82 crore.

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