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Enforcement Directorate Raids Tayal Group in ₹820 Crore Bank Fraud Case, Seals 215 Bank Accounts

Enforcement Directorate Raids Tayal Group in ₹820 Crore Bank Fraud Case, Seals 215 Bank Accounts

The Enforcement Directorate (ED) has conducted extensive searches at 12 locations in Ahmedabad and Mumbai in connection with an alleged ₹820.86 crore bank fraud involving the Tayal Group. The investigation, carried out under the Prevention of Money Laundering Act (PMLA), targets Tayal Group promoters and directors Praveen Tayal and Saurabh Tayal, along with resolution professionals Kiran C. Shah, Vinod P. Ambavat, and company secretary Ravi Kapoor. The ED alleges that a network of shell companies and insolvency proceedings were used to divert funds, create liabilities, reduce banks' influence, and protect valuable properties. During the searches, the ED sealed 215 bank accounts, which were allegedly opened using largely paper-only companies. The investigation also revealed that group companies failed to repay bank loans, leading to non-performing assets (NPAs), and that money from the alleged fraud was moved through shell companies and invested in real estate, including the Express Mall in Nagpur, valued a...
ReutersReuters
Modi wants India to power the AI age. Residents are pushing back

Modi wants India to power the AI age. Residents are pushing back

By Vibhuti Sharma, Munsif Vengattil and Aditya Kalra MUMBAI, Oct 9 (Reuters) - The view from Indian engineer Tushar Shetty's Mumbai apartment captures a tension playing out around the world as the artificial intelligence boom fuels an unprecedented data-centre building spree.
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Mumbai Remains India's Wealthiest City with Highest Number of Millionaires and Billionaires

Mumbai Remains India's Wealthiest City with Highest Number of Millionaires and Billionaires

Mumbai Remains India's Wealthiest City with Highest Number of Millionaires and Billionaires
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Kader Exports Supplies Costco's Kirkland Signature Farm-Raised Shrimp from India

Kader Exports Supplies Costco's Kirkland Signature Farm-Raised Shrimp from India

Kader Exports Supplies Costco's Kirkland Signature Farm-Raised Shrimp from India
Detroit Free PressDetroit Free Press
Why some say Michigan should ban bitcoin ATMs as victims lose millions

Why some say Michigan should ban bitcoin ATMs as victims lose millions

Picture someone, maybe your mom, standing in a liquor store feeding one $50 or $100 bill after another into a bitcoin ATM. Dollar after dollar gone.
VarietyVariety
Nana Patekar, Indian Star of ‘Parinda’ and ‘Krantiveer,’ Dies at 75

Nana Patekar, Indian Star of ‘Parinda’ and ‘Krantiveer,’ Dies at 75

Nana Patekar, the Indian Hindi and Marathi cinema actor whose roles ranged from the menacing crime lord of “Parinda” to the comic gangster of “Welcome,” died Oct. 8, at his residence in Goa. He was 75. Patekar went into cardiac arrest at home and was declared dead at 5:20 am local time, news agency ANI […]
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BlackRock Seeks Associate for Private Valuations Team in Asset Management

BlackRock Seeks Associate for Private Valuations Team in Asset Management

BlackRock Seeks Associate for Private Valuations Team in Asset Management
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Experian Seeks Marketing Director in Mumbai to Drive Growth in Indian Market

Experian Seeks Marketing Director in Mumbai to Drive Growth in Indian Market

Experian Seeks Marketing Director in Mumbai to Drive Growth in Indian Market
ReutersReuters
Judge lets US fund seek New York Fed documents tied to Radiant World

Judge lets US fund seek New York Fed documents tied to Radiant World

By Jonathan Stempel NEW YORK, Oct 6 (Reuters) - A federal judge on Tuesday allowed a US fund to seek payment records from the Federal Reserve Bank of New York and the Clearing House Interbank Payments System, as it pursues a criminal complaint of fraud and money laundering against iron ore trader
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Texas Businessman Sentenced to 13 Years for Wire Fraud and Identity Theft, Exotic Cars Seized

Texas Businessman Sentenced to 13 Years for Wire Fraud and Identity Theft, Exotic Cars Seized

Clayton Lloyd Iley, a 41-year-old businessman from Stephenville, Texas, has been sentenced to over 13 years in federal prison for wire fraud and aggravated identity theft. According to the U.S. Attorney’s Office for the Northern District of Texas, Iley operated an insurance brokerage and two other companies, including Spartan Global Security, which offered private military contracting services. From January 2020 to May 2026, Iley defrauded victims by claiming he could invest their money in a non-existent 'Bonded Note' loan program supposedly offered by the Defense Department. He collected over $2 million, which he spent on personal expenses and to further his scheme. Additionally, Iley took premium payments from insurance clients but never opened their policies. He then used victims' personal information to obtain credit cards in their names without their knowledge, running charges through his company accounts and using the cards for personal bills and car payments. As part of his plea agreement, Iley agre...
ReutersReuters
India raises rates for first time in nearly four years, signals further tightening

India raises rates for first time in nearly four years, signals further tightening

By Jaspreet Kalra and Abinaya V MUMBAI, Oct 7 (Reuters) - The Indian central bank raised its benchmark repo rate by 25 basis points to 5.5% on Wednesday, marking the first rise in nearly four years amid mounting inflation and strong economic growth.
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Cryptocurrency Investigator Infiltrates North Korean Money Laundering Network via Telegram

Cryptocurrency Investigator Infiltrates North Korean Money Laundering Network via Telegram

Cryptocurrency Investigator Infiltrates North Korean Money Laundering Network via Telegram