#MoneyLaundering Archives

Torres Ponzi Scheme Unveiled: ₹1,000 Crore Scam Leaves Thousands in Ruins

January 26, 2025 Editor

CEO of Torres Jewellery, has been arrested in multi-crore Ponzi scam, and remanded to police custody amid ongoing investigations. Tausif Riyaz, the CEO of Platinum Hern, the company behind the controversial Torres Jewellery brand, was arrested by Mumbai Police’s Economic Offences Wing (EOW) on Sunday in connection with a multi-crore Torres Ponzi scam. Riyaz was caught at a hotel in Lonavala after being on the run for several weeks after the scam came to light. Riyaz, who was the fifth individual to be arrested in the case, was presented before…

Rs 250 Crore Fraud Unravelled: Former J&K Co-operative Bank Chairman Nabbed in Massive Money Laundering Scheme

December 2, 2023 Editor

Former bank chairman Mohammad Shafi Dar arrested along with chairman of River Jhelum Cooperative Housing Building Society, a ‘fictitious firm’ The Enforcement Directorate (ED) has arrested former J&K Co-operative Bank chairman Mohammad Shafi Dar in connection with a Rs 250-crore money laundering case in Jammu and Kashmir, officials said on Friday. Dar was arrested along with Mohammad Hilal A Mir, the chairman of the River Jhelum Cooperative Housing Building Society, a “fictitious firm”, and they will be presented before a special court, according to the officials. The ED had conducted…

Enforcement Directorate arrests Ex-J&K Minister Lal Singh in Money Laundering Case

November 8, 2023November 8, 2023 Editor

Former Jammu and Kashmir minister Lal Singh was arrested by probe agency ED hours after an anti-corruption court dismissed his anticipatory bail application in a money laundering case. Former Jammu and Kashmir minister Lal Singh was arrested by the Enforcement Directorate here on Tuesday, hours after an anti-corruption court dismissed his anticipatory bail application in a money laundering case, officials said. Singh was under investigation by the federal agency as part of the case lodged under the Prevention of Money Laundering Act (PMLA) against an educational trust run by his…

ED Grills Ex-J&K Minister Choudhary Lal Singh for Over 12 Hours

November 5, 2023 Editor

Released on condition of appearing again on Monday; Supporters stage sit-in, allege BJP’s conspiracy to debar Singh from contesting polls Former Minister and Chairman Dogra Swabhiman Sangathan Party (DSSP) Chaudhary Lal Singh was questioned by Enforcement Directorate (ED) on Saturday for more than 12 hours as part of its investigations into a case of alleged irregularities in the purchase of land by an educational trust in Kathua. As per reports, Chaudhary Lal Singh reached the office of ED, in Jammu’s Narwal area around 9.30 am, after he was summoned in…

ED raids home of ex-J&K minister Lal Singh in connection with alleged money laundering scam

October 18, 2023 Editor

The ED searches are part of its probe into the allegations of money laundering against the educational trust headed by Chaudhary Lal Singh’s wife Kanta Andotra. The Enforcement Directorate on Tuesday raided eight places, including the residential premises of former minister and chairman of the Jammu and Kashmir Dogra Swabhiman Sanghthan Choudhary Lal Singh, as part of its investigations into a case of alleged irregularities in the purchase of land by an educational trust in Kathua. Singh’s wife Kanta Andotra is the chairperson of the R B Educational Trust. Sources…