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Wednesday, March 4, 2026

Tag: shell companies

First Brands Founder Charged in Multi-Billion Dollar Fraud Case

Indian authorities charge First Brands founder with fraud that allegedly wiped out billions in investor wealth through shell companies and fake orders.

ED Seizes ₹1,400 Crore Ambani-Linked Properties, Total Attachments Near ₹9,000 Crore

Enforcement Directorate intensifies action against ADAG companies with fresh property seizures. Anil Ambani skips summons as FEMA probe reveals ₹40 crore diversion via shell companies.

ED Issues Fresh Summons to Anil Ambani in FEMA Case

Enforcement Directorate summons Anil Ambani in FEMA case involving alleged ₹40 crore siphoning from Jaipur-Reengus highway project and ₹600 crore hawala network.

SRS Group Co-Founder Deported to India in ₹2,200 Crore Fraud Case

Praveen Kumar Kapoor, accused of ₹2,200 crore fraud, deported from US to face money laundering charges after years evading Indian authorities.