Browsing Tag

ED raid

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A high-end apartment in Mumbai's Signature Island, owned by alleged scamster Anubhav Bhatter, is up for e-auction by Standard Chartered Bank to recover over Rs. 135 crore in defaulted loans. Bhatter's firm, BRH Wealth Kreators, was banned for misusing client funds worth hundreds of crores, with ongoing ED investigations revealing deeper fraud.

Luxury Property Belonging to Scam Accused Anubhav Bhatter Up for Auction

A high-end apartment in Mumbai’s Signature Island, owned by alleged scamster Anubhav Bhatter, is up for e-auction by Standard Chartered Bank to recover over Rs. 135 crore in defaulted loans. Bhatter’s firm, BRH Wealth Kreators, was banned for misusing client funds worth hundreds of crores, with ongoing ED investigations revealing deeper fraud.
In a significant ruling on February 23, 2026, the Bombay High Court overturned an interim stay, permitting Bank of Baroda, IDBI Bank, and Indian Overseas Bank to resume fraud-tagging proceedings against Anil Ambani over alleged fund diversion in Reliance entities. This comes as the ED continues its PMLA crackdown, having attached assets exceeding ₹12,000 crore, including the Ambani family's Pali Hill home in Mumbai.

ED Tightens Noose on Anil Ambani Group: Assets Worth ₹1,120 Crore Attached, Total Seizures Cross ₹10,117 Crore

The ED has attached properties worth ₹1,120 crore belonging to the Reliance Anil Ambani Group in the Yes Bank–Reliance Finance fraud probe, pushing cumulative attachments to ₹10,117 crore. The assets include major Mumbai real estate, Chennai plots, Panvel flats, and large financial holdings tied to multiple group entities.