The post ED Seizes ₹55 Crore Across 13 Reliance Infrastructure Bank Accounts in FEMA Violation Probe appeared first on The Edge Media.
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According to the agency, Reliance Infrastructure Ltd (R-Infra) and its special purpose vehicles (SPVs) allegedly diverted public money allocated for National Highways Authority of India (NHAI) construction projects. The ED claims the funds were moved out of India through unlawful channels.
read also: CBI Books Anil Ambani’s Son, Jai Anmol Ambani, in Rs 228 Crore Cheating Case Involving Union Bank of India
In its statement, the agency said that 13 bank accounts with a total balance of ₹54.82 crore have been seized for FEMA violations. The ED further alleged that the diverted funds were routed to shell companies in Mumbai through fraudulent sub-contracting arrangements.
R-Infra has not yet issued a comment on the development.
The agency also noted that Anil Ambani had been summoned for questioning in connection with the case last month but did not appear before investigators.
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]]>The post ED Tracks Rs 331 Crore Laundering Trail to Delhi Bike Taxi Driver appeared first on The Edge Media.
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Officials revealed that the trail of transactions first surfaced during the ongoing investigation into activities, tied to the 1xbet online betting network. The agency later traced the enormous inflow of funds to a driver, employed with a popular ride hailing service, whose daily struggle was limited to earning enough for basic meals.
Authorities were stunned when they learned that the driver’s account had received deposits amounting to Rs 33136 crore between August 19 2024 and April 16 2025.
After noticing the unusually high volume of money moving into the account, the ED conducted a search at the address listed in his banking documents
Officers found that the man lived in a small two room dwelling in a modest neighborhood of Delhi and spent most of his day riding his bike to make a living. Raising further suspicion, the agency identified that over Rs 1 crore from the massive deposits had been used to settle the bills for a lavish destination wedding, held at a luxury hotel in Udaipur.
Investigators believe, the wedding is connected to a young political figure from Gujarat, who is likely to be summoned for questioning.
The driver reportedly told the agency that he had no knowledge of the transactions nor any connection to the families involved in the Udaipur ceremony.
Based on the pattern of activity, the ED suspects that the bank account operated as a mule account, which typically channels illicit funds without the genuine owner’s involvement. Such accounts are often created using falsified or rented KYC information in exchange for small commissions.
The agency noted that funds entered the driver’s account from several unverified sources, before being quickly transferred to additional suspicious destinations. One of these sources appears to be linked to unlawful betting operations. The ED is currently analysing other incoming and outgoing transfers to uncover the full network behind the transactions.
As part of the wider investigation into the 1xbet case, the agency has already attached properties valued in crores belonging to former cricketers Shikhar Dhawan and Suresh Raina and has questioned multiple celebrities and sports personalities.
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]]>The post Alleged Forged Land Documents Emerge in Ongoing Probe Into Al Falah Group appeared first on The Edge Media.
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According to official sources, the agency is examining at least five instances, where documents related to General Power of Attorney for acquiring land, appear to have been fabricated on instructions from a Trust connected to Jawad Ahmed Siddiqui who heads the Al Falah Group and is currently in custody.
read also: ED Arrests Al Falah Group Chairman in Money Laundering Probe
Siddiqui was arrested on November 18 following searches at locations linked to the group in a money laundering case, involving allegations that students were deceived into enrolling in courses lacking proper accreditation.
Investigators believe that some of the GPAs may have been issued in the names of individuals who were no longer alive and the inquiry continues to track the authenticity of these records.
The Enforcement Directorate has also begun tracing and assessing the value of movable and immovable assets held by the group across India in addition to funds believed to have been transferred to foreign locations. These assets may be seized under the anti money laundering framework as the case progresses.
The agency has alleged that Siddiqui unlawfully collected more than four hundred fifteen crore rupees from students studying across institutions managed by his Trust while also expressing concern that he could attempt to leave the country given that some close relatives reside in Gulf nations. In its remand application the Enforcement Directorate stated that Siddiqui exercised significant influence over employees responsible for admission data financial ledgers accounts and IT systems across Al Falah University and other institutions under the Trust which placed him in a position to alter or eliminate important records.
Investigators have asserted that Siddiqui maintains overarching control over the entire Al Falah educational network and that only a segment of the suspected proceeds of crime totalling four hundred fifteen crore rupees has been traced to date. The agency also noted that the Al Falah group has grown rapidly since the late nineteen nineties developing into a sizeable educational establishment.
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]]>The post ED Arrests Al Falah Group Chairman in Money Laundering Probe appeared first on The Edge Media.
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Officials confirmed that Siddiqui was taken into custody under criminal provisions of the Prevention of Money Laundering Act and is being presented before a court for further remand.
read also: Al Falah University Clarifies Its Stand After Delhi Blast Investigation
Sources said the agency seized forty eight lakh rupees in cash during the searches that began at around 5:15 in the morning.
Multiple ED teams raided at least twenty five locations linked to the Al Falah Trust and the university network
An office in Delhis Okhla area was also searched with police and paramilitary forces providing security around the site.
The November 10 blast near the Red Fort claimed fifteen lives and investigators are examining the involvement of several doctors associated with the university and contacts in Kashmir as part of the wider anti terror probe.
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]]>The post CBI Questions Rhea Chakraborty & Her Brother Again appeared first on The Edge Media.
]]>The 28-year-old actress is accused of abetting Rajput’s suicide. Her brother Showik Chakraborty was also called by the CBI for the fourth day in a row for questioning in the case, the official said.
Rhea Chakraborty and her brother reached the DRDO guest house at Kalina in Santacruz, where the probe team is stationed, around 10.30 am, he said. A Mumbai Police vehicle escorted the car in which the two arrived at the guest house, he said. Rajput’s manager Samual Miranda and domestic help Keshav also reached the guest house in the morning.
Earlier, Rhea Chakraborty was questioned for nearly 10 hours on Friday and allowed to return home under police escort as a large number of media personnel were present outside her building. She was quizzed for around seven hours on Saturday. Her brother is being questioned by the CBI since Thursday.
On Saturday, the CBI also questioned Rajput’s flatmate Siddharth Pithani, cook Neeraj Singh and accountant Rajat Mewati at the guest house. Rajput (34) was found hanging in his flat in suburban Bandra on June 14.
Rhea Chakraborty had been earlier questioned by the Mumbai Police in the case. The Enforcement Directorate has also quizzed her in a related money laundering case.
The Supreme Court last week upheld the transfer of an FIR, lodged by Rajput’s father in Patna against the actress and others for allegedly abetting his son’s suicide and misappropriating his money, to the CBI.
– PTI
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