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Delhi court orders I-PAC director Vinesh Chandel 14 day judicial custody in money laundering case

Delhi court orders I-PAC director Vinesh Chandel 14 day judicial custody in money laundering case

A Delhi court has remanded Vinesh Chandel, director of I-PAC, to 14 days of judicial custody in a money laundering probe connected to an alleged coal pilferage case. Chandel has filed for regular bail. The Enforcement Directorate’s custody concluded on the day of the hearing, and the court noted the arrest followed required legal procedures.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
ED raids 12 locations over ₹145 crore municipal funds laundering embezzlement case

ED raids 12 locations over ₹145 crore municipal funds laundering embezzlement case

The Enforcement Directorate carried out raids at 12 locations tied to a ₹145 crore money laundering probe involving alleged embezzlement from the Municipal Corporation, Panchkula. The ED focused on properties linked to former municipal accounts officials and banking personnel, seizing documents and legal agreements that could support the case.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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ED alleges 11600 crore proceeds of crime in Reliance finance probe over shell routing

ED alleges 11600 crore proceeds of crime in Reliance finance probe over shell routing

The Enforcement Directorate has alleged more than ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance and Reliance Commercial Finance. The agency claims public funds were diverted through shell entities and that nearly 90% of corporate loans were routed to such companies. ED also arrested key functionaries Amitabh Jhunjhunwala and Amit Bapna for questioning.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
ED sweeps Karnataka in bitcoin heist probe targeting Cong MLA family links

ED sweeps Karnataka in bitcoin heist probe targeting Cong MLA family links

The Enforcement Directorate has carried out statewide searches in Karnataka over a cryptocurrency money laundering case connected to a bitcoin heist. Investigators said stolen virtual assets were being sold, while the proceeds moved through multiple accounts tied to hacker Srikrishna alias Sriki. The probe also reportedly reached premises linked to the sons of BDA chairman NA Harris, with Nalapad brothers alleged to be close associates.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
CBI cracks bribery ring that bank insiders used to launder cyber fraud money

CBI cracks bribery ring that bank insiders used to launder cyber fraud money

The CBI has arrested two bank officials after finding they took bribes to help cyber criminals set up mule accounts for money laundering. Funds routed through these accounts came from cyber frauds, and the accused allegedly also advised criminals on how to avoid detection. The case underscores insider facilitation in financial crimes, and investigations are still underway.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
UK launches London crackdown on illegal crypto trading issuing cease and desist letters

UK launches London crackdown on illegal crypto trading issuing cease and desist letters

The UK’s financial watchdog, the FCA, says it has targeted illegal crypto trading sites in London through a joint effort with tax officials and police. Acting under money laundering and terrorist financing regulations, it issued cease and desist letters at each location. The move signals tighter enforcement against platforms suspected of operating outside legal and regulatory frameworks.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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ED raids 12 locations tied to Kotak Mahindra Bank in Panchkula municipal fraud probe

ED raids 12 locations tied to Kotak Mahindra Bank in Panchkula municipal fraud probe

The Enforcement Directorate carried out searches on 12 premises across Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura in a money laundering probe linked to a municipal fraud case. The action follows an FIR by the ACB, Panchkula, alleging a conspiracy to embezzle about ₹145 crore from civic body accounts, with ED examining related financial trails.

Summarised by Beize from a story on Republic on 24 Apr 2026
Delhi court denies medical bail to Punit Garg in 40000 crore laundering case

Delhi court denies medical bail to Punit Garg in 40000 crore laundering case

A Delhi court at Rouse Avenue denied interim medical bail to Punit Garg, the former Director of Reliance Communications, accused in a Rs 40,000 crore money laundering case. The court cited an AIIMS report stating his tests are not urgent at present, directing that any future medical requirement be routed through government hospital referral rather than interim release.

Summarised by Beize from a story on Republic on 24 Apr 2026
Centre must crack down on unlawful online betting differently as apps keep popping up

Centre must crack down on unlawful online betting differently as apps keep popping up

Unlawful online betting and gambling apps are surging during cricket fever, and the Enforcement Directorate is probing some for money-laundering risks. While authorities have tried banning them, the apps simply reemerge in new forms almost immediately. The article suggests shifting approach—learning from the government’s strategy against illegal loan apps—rather than relying on bans alone.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Income Tax probes NRIs unlisted share deals demanding proof of funds and valuations

Income Tax probes NRIs unlisted share deals demanding proof of funds and valuations

India’s Income Tax Department has issued notices to NRIs and offshore entities to explain investments in unlisted shares, focusing on the source of funds and how valuations were set. Officials say they’re cross-checking demat records for transactions between 2019 and 2023, flagging possible tax evasion, round-tripping, and money laundering, with non-compliance risking tax demands and litigation.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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Karnataka High Court warns ED it may charge Rs 1 lakh over Winzo founder bail appeal

Karnataka High Court warns ED it may charge Rs 1 lakh over Winzo founder bail appeal

The Karnataka High Court cautioned the Enforcement Directorate that it could impose Rs 1 lakh in costs if the agency’s appeal against Winzo founder Paavan Nanda’s bail is deemed unnecessary. The court’s firm stance highlights growing scrutiny over the ED’s strategy in the money laundering case, as proceedings continue and the bail challenge remains under review.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Supreme Court strengthens bail rights in money laundering cases calling jail the exception

Supreme Court strengthens bail rights in money laundering cases calling jail the exception

The Supreme Court has reiterated the principle that bail is the norm and jail the exception, grounding the approach in Article 21’s protection of personal liberty. The rulings also question how Section 45 of the Prevention of Money Laundering Act operates, arguing it can undermine the presumption of innocence. The focus shifts to balancing enforcement with constitutional rights.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
Nepal Home Minister Sudan Gurung resigns citing ethics as probe ties him to money laundering

Nepal Home Minister Sudan Gurung resigns citing ethics as probe ties him to money laundering

Nepal’s Home Minister Sudan Gurung has resigned, saying ethics and “moral responsibility” forced his exit. The move comes as an investigation targets alleged links between Gurung and businessman Deepak Bhatta, who is being scrutinized for money laundering offences, raising fresh questions over governance and political accountability.

Summarised by Beize from a story on Republic on 24 Apr 2026
Norwegian fugitive Umar Zahoor spotted with JD Vance in Islamabad raising new questions

Norwegian fugitive Umar Zahoor spotted with JD Vance in Islamabad raising new questions

Umar Farooq Zahoor, a Pakistan-origin businessman wanted in Norway for major financial fraud and money laundering, is drawing fresh attention after reports said he was spotted alongside US Vice President JD Vance during engagements in Islamabad. Despite being a fugitive, he is reportedly recognized in Pakistan for foreign investments, prompting renewed scrutiny over his international ties.

Summarised by Beize from a story on Republic on 24 Apr 2026

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ED opens multiple money laundering probes in poll bound West Bengal tied to ministers and MLAs

ED opens multiple money laundering probes in poll bound West Bengal tied to ministers and MLAs

The Enforcement Directorate is investigating multiple money laundering cases in poll-bound West Bengal, targeting alleged corruption, chit fund scams, and recruitment irregularities. ED claims involvement of senior ministers, MLAs, and state officials. Probes are ongoing into political consultancy firms, teacher recruitment, coal smuggling, and alleged irregularities in municipality jobs as elections approach.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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