The Enforcement Directorate (ED) has summoned businessman Anil Ambani for questioning on August 5 in connection with a major money laundering and loan fraud investigation involving companies under the Reliance Group banner. Raids Across Multiple Locations The summons comes a week after the ED

Maharashtra authorities have discovered that over 14,000 men fraudulently received benefits meant for women under the state-run Mukhyamantri Majhi Ladki Bahin Yojana. These men each received ₹1,500 per month, adding up to approximately ₹21.44 crore over a span of ten months. The scheme, launched in August 2024, aims to support women aged 21 to 65 from […]

The State Bank of India (SBI) has officially classified the loan account of Reliance Communications (RCom) and its promoter Anil Ambani as fraudulent. The decision, made on June 13, 2025, was in accordance with the Reserve Bank of India’s master directions on fraud risk and SBI’s internal policies. This classification was formally disclosed to the […]

The Income Tax Department has launched a large-scale crackdown on bogus claims made in income tax returns by individuals across India. On July 14, over 200 premises were searched as part of an operation targeting fraudulent deductions claimed under sections like 80G (donations), 80E (education loans), medical reimbursements, and other exemptions. Bogus Refund Rackets