Browsing Tag

financial crime India

2 posts
The Enforcement Directorate has attached ₹18.10 crore in assets linked to the 1xBet betting case, uncovering a complex network involving mule accounts, UPI payments, and digital ad promotions.

ED Attaches ₹18.10 Crore Assets in 1xBet Case; Probe Finds Illegal Betting Network Using UPI Mule Accounts

The Enforcement Directorate has attached ₹18.10 crore in assets linked to the 1xBet betting case, uncovering a complex network involving mule accounts, UPI payments, and digital ad promotions.
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.