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Green card holder held at US airport over Iran-linked arms trafficking charges
A US green card holder, Shamim Mafi, has been arrested at LAX for allegedly brokering multi-million dollar weapons deals on behalf of Iran. The charges include trafficking Iranian-made drones, bombs, and ammunition to Sudan, with some weapons reportedly originating from China. Mafi, a resident of Woodland Hills, faces up to 20 years in federal prison if convicted.
NYT Strands Answers Today #775: Hints for Friday puzzle, spoilers and solution inside
For newcomers, Strands is a daily word puzzle created by The New York Times. Players are given a grid of letters and tasked with finding hidden words that fit a particular theme.
ED flags Rs 11,600 crore 'proceeds of crime' in RHFL, RCFL probe
The Enforcement Directorate has alleged over ₹11,600 crore as proceeds of crime in a money laundering probe involving Reliance Home Finance and Reliance Commercial Finance. Public funds were allegedly diverted through shell entities. Nearly 90% of corporate loans were routed to shell companies. Key functionaries Amitabh Jhunjhunwala and Amit Bapna were taken into custody.
ED arrests Amitabh Jhunjhunwala, Amit Bapna in ADAG-linked money laundering probe
Enforcement Directorate arrested two former Anil Dhirubhai Ambani Group executives. Amitabh Jhunjhunwala and Amit Bapna face money laundering charges. The agency alleges a scheme to divert public money from Reliance Home Finance and Reliance Commercial Finance. Shell companies were allegedly used to siphon funds.
Winzo Case: HC warns ED of costs if challenge to Nanda’s bail is 'unnecessary’
The Karnataka High Court warned the Enforcement Directorate (ED) of Rs 1 lakh costs if its appeal against real money gaming company WinZo's cofounder's bail is deemed unnecessary. The ED must prove bail condition violations or fact suppression. The case involves allegations of money laundering, with the ED claiming WinZo used AI bots and restricted withdrawals to generate illegal proceeds.
CBI registers FIR in Rs 550 crore IDFC bank embezzlement case
The CBI has taken over a major investigation into the alleged embezzlement of Rs 550 crore from Haryana government accounts. Funds were reportedly siphoned off through fraudulent banking operations and fictitious transactions. Shell entities and associated firms are under scrutiny. The probe involves public servants and banking officials.
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People will give fitting reply to deception: Assam CM Biswa Sarma hits back at Congress
Congress leader Pawan Khera faces legal action from Assam Chief Minister Himanta Biswa Sarma's family. Khera made allegations regarding foreign passports and undisclosed assets. Sarma has denied these claims, calling them fabricated. Police reached Khera's Delhi residence. Khera has sought protection from arrest.
Passport row: Assam cops search Khera's Delhi home; Ramesh calls it 'witch hunt'
Assam Police searched Congress leader Pawan Khera's Delhi residence in connection with a case filed by Assam CM Himanta Biswa Sarma's wife over allegations of multiple passports and undeclared assets. Khera was not present during the search, with police stating they will trace him.
Curtains down on Assam's high-voltage campaign for April 9 assembly polls
The campaign for the Assam Assembly elections has ended. Voters will decide the fate of 722 candidates on April 9. The BJP and Congress traded sharp accusations. The ruling party highlighted development schemes. The opposition alleged corruption and hate politics.
Assam CM Himanta Biswa Sarma accuses Congress of Pakistan-linked smear campaign
Assam Chief Minister Himanta Biswa Sarma alleges the Congress party used false information from Pakistani social media to create charges against his wife. These allegations concern multiple passports and foreign properties. Sarma states this is a crime against the nation and an attempt to influence elections. His wife has filed a complaint against Congress spokesperson Pawan Khera.
Pawan Khera says more proof coming in passport row involving Assam CM Himanta Biswa Sarma's wife
Congress leader Pawan Khera has leveled serious allegations against Assam Chief Minister Himanta Biswa Sarma's wife, Riniki Bhuyan Sarma. Khera claims she possesses three passports and a substantial business empire in the United States. Sarma has vehemently denied these accusations, calling the passports fraudulent and threatening legal action. The political storm brews as Assam heads towards assembly elections.
Assam CM Himanta Biswa Sarma says Congress used false info from Pakistan social media to target his wife
Assam Chief Minister Himanta Biswa Sarma declared the Congress party finished in the state. He accused Congress leaders Gaurav Gogoi and Pawan Khera of having Pakistani links. This stems from allegations made by the Congress leaders regarding the Chief Minister's wife. Sarma stated documents used were AI photoshopped and sourced from a Pakistani social media group.
Backer Y Combinator drops Delve on compliance allegations; top brass allege smear campaign
Delve’s removal from Y Combinator’s directory follows allegations that compliance certifications for hundreds of Delve’s clients were fabricated. The company has pushed back, saying leaked data was taken out of context as part of a malicious campaign.
April 3 in world history: From Panama Paper leak to first handheld mobile phone call
April 3rd is a day of historical impact. In 1922, Joseph Stalin's rise began. 1933 saw the first flight over Mount Everest. The Marshall Plan was signed in 1948. The first mobile phone call happened in 1973. Bobby Fischer lost his chess title in 1975. The Panama Papers leak shocked the world in 2016. These events shaped history.
India reviews plan to exempt firms with turnover under Rs 1 crore from statutory audits
The government is deliberating on a new proposal aimed at relieving small enterprises from the requirement of undergoing mandatory audits. This initiative is designed to facilitate compliance, yet it raises alarms regarding potential fraudulent activities and insufficient regulatory supervision. Many stakeholders are anxious that it might result in a rise in the creation of shell companies.
₹2,200 crore SRS group fraud: ED restores properties worth ₹650 cr to over 2,300 homebuyers
The Enforcement Directorate has successfully restored ₹650 crore worth of immovable properties to 2,312 homebuyers defrauded by the SRS group. The agency is prosecuting the Faridabad-based realty group under the Prevention of Money Laundering Act for allegedly cheating investors and banks of ₹2,216 crore. Prosecution proceedings are ongoing, with efforts to recover further proceeds of crime and secure absconding accused.
Global financial fraud hits USD 442 billion in 2025, AI scams surge: Interpol
In 2025, global financial fraud skyrocketed to a staggering USD 442 billion, with Interpol’s latest findings highlighting a disturbing trend: cybercriminals are leveraging sophisticated AI technologies. With fraud now yielding 4.5 times greater returns, deepfake audio has emerged as a common tool for greenlighting fraudulent wire transfers.
Gaming transactions involving Fino Bank may face ED probe
Investigators found many cases of funds routed through multiple accounts or entities to obscure their origin, necessitating a deeper scrutiny under the anti-money laundering law, they said. The matter is connected to an ongoing investigation into alleged GST evasion related to online betting applications involving transactions totalling around ₹10,000 crore.
How a Delhi CA routed Rs 900 crore in a year from online scams through Dubai
A chartered accountant is under scrutiny for his alleged role in an international fraud network that siphoned off approximately Rs 900 crore. Investigators uncovered a sophisticated online scam targeting thousands across India, utilizing social media and offshore platforms to move funds. The network employed shell companies and cryptocurrency to obscure transactions, with a Dubai fintech platform facilitating offshore transfers.
ED raids 19 locations in Rs 597 crore IDFC First Bank fraud; over 90 bank accounts frozen
The Directorate of Enforcement has searched 19 locations in a Rs 597-crore scam. Public funds meant for fixed deposits were allegedly siphoned off. The investigation involves former bank employees and shell entities. Proceeds were routed through jewellers and real estate developers. Over 90 bank accounts were frozen during the searches.
Rs 590-cr IDFC First Bank 'fraud': ED searches at 19 locations in Haryana, Chandigarh
IDFC First Bank fraud case: The agency conducted searches in Haryana and Chandigarh against various business entities who helped the accused persons get accommodation entries to conceal the money trail and proceeds of crime, they said.
Inside the net worth of Iran’s new supreme leader Mojtaba Khamenei: From London mansions to shell firms
Mojtaba Khamenei is set to lead Iran as Supreme Leader. He reportedly controls billions in assets. These include properties in Tehran, Dubai, and Frankfurt. Swiss bank accounts and a British property are also mentioned. Funds are channeled through companies for real estate in Europe, the Gulf, and North America. He is a powerful, low-profile figure with IRGC ties.
Rs 7 lakh income, Rs 2 lakh donation to a political party: How fake contributions led to Section 80GGC tax deduction claim rejection
A Mumbai man's Rs 2 lakh donation to a political party for tax deduction backfired. The Income Tax Appellate Tribunal (ITAT) Mumbai disallowed the claim, finding the party engaged in a cash-back scheme. The party, with no verifiable office, allegedly returned donations after deducting a commission, facilitating fraudulent tax claims.
Fino Payments Bank denies GST evasion, rejects betting links
Fino Payments Bank said it has not evaded GST or promoted betting after its MD & CEO Rishi Gupta was arrested by the Directorate General of GST Intelligence in a probe into alleged illicit fund flows via shell firms and payment aggregators. The bank said the investigation relates to third-party programme managers, not its own compliance, and that all onboarding and invoicing followed regulations.
Fino Payments Bank used shell cos, payment aggregators to move illicit funds from online money gaming: Sources
GST authorities have arrested its managing director and CEO Rishi Gupta for violating the law related to the Goods and Services Tax (GST), Fino Payments Bank had said on Friday. Sources in the know of the case said that the initial investigation by the Directorate General of GST Intelligence (DGGI) is investigating a case of online money gaming, which is banned in India.
Aircel Maxis & INX media case: ED files sanction orders before court against ex-FM Chidambaram
The Enforcement Directorate has secured prosecution sanction orders against former Union Finance Minister P Chidambaram. These orders pertain to alleged money laundering offenses in the Aircel Maxis and INX Media cases. The agency's probe revealed FIPB approval was granted during Chidambaram's tenure. Illegal gratification was allegedly received through entities linked to his son, Karti P Chidambaram.
FATF warns of rising cyber-enabled fraud and widening money laundering, terrorist financing, and proliferation financing risks
The Financial Action Task Force warns of rising cyber fraud. This crime now links heavily with money laundering and terror financing. Criminals exploit digital platforms to steal money globally. The FATF calls for stronger rules and international teamwork. This will help trace and recover stolen funds. Countries must boost cooperation to fight this digital threat.
IQM Quantum Computers to list shares in US at initial $1.8 billion valuation
Finnish-headquartered IQM Quantum Computers is aiming to list its shares on the US stock market via a merger with a special purpose acquisition company Real Asset Acquisition Corp , the companies said on Monday.
SC asks HC to decide bail plea of Sukesh Chandrashekhar's wife
The Supreme Court has instructed the Delhi High Court to fast-track Leena Paulose's bail application. Paulose finds herself at the center of a high-profile extortion scandal worth Rs 200 crore, allegedly entangled with Sukesh Chandrashekar.
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