'You don't have license to attack': Ex-MLA Kadu gets 3-month jail for assaulting public servant
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Economic Times
a minute ago
- Economic Times
Punjab: SAD leader Bikram Singh Majithia' s judicial custody extended till August 28
A Mohali court has prolonged SAD leader Bikram Singh Majithia's judicial custody until August 28 in connection with a disproportionate assets case involving alleged laundering of Rs 540 crore of "drug money." Majithia, arrested on June 25, appeared via video-conferencing. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads A court in Punjab's Mohali district on Thursday extended the judicial custody of Shiromani Akali Dal (SAD) leader Bikram Singh Majithia , who was arrested in a disproportionate assets (DA) case, till August Punjab Vigilance Bureau had arrested Majithia on June 25 in the DA case allegedly involving laundering of Rs 540 crore of "drug money".Majithia was produced before the court through prosecutor Ferry Sofat said Majithia's judicial custody has been extended till August July 6, Majithia was sent to judicial custody. His judicial remand was extended on July 19 and then on August is lodged in the New Nabha jail in court also heard the arguments of both counsels on Majithia's bail plea in the DA hearing the submissions, the court deferred the matter to August court has already fixed August 21 as the next date on Majithia's plea for a change of the FIR registered against Majithia, the Vigilance Bureau had claimed that preliminary investigations revealed more than Rs 540 crore of "drug money" had been laundered through several ways and it was allegedly facilitated by FIR against Majithia stems from an ongoing investigation being conducted by a Punjab Police special investigation team into the 2021 drug 2021, Majithia was booked under the Narcotic Drugs and Psychotropic Substances (NDPS) Act. The action was taken on the basis of a 2018 report of the anti-drug Special Task spent more than five months in Patiala jail and walked out of prison in August 2022 after the Punjab and Haryana High Court granted him bail.
Time of India
3 minutes ago
- Time of India
'Digital arrest': Punjab police bust Rs 92 crore-nationwide racket; 6 arrested, 2 on the run
Punjab police bust Rs 92 crore 'digital arrest' scam (Image credits: ANI) NEW DELHI: Punjab Police have busted a nationwide Rs 92-crore 'digital arrest' racket, exposing two organised gangs running elaborate cyber-enabled financial frauds. The breakthrough came after coordinated raids across Tamil Nadu, Karnataka, and Gujarat, which led to the identification of ten suspects. Six have been arrested, two are already in jail and will be brought on production warrants, while two remain on the run. In a press release, police said the gangs posed as senior police officers, CBI officials, or other law-enforcement authorities over the phone. Victims were falsely accused in fabricated criminal cases and threatened with a so-called 'digital arrest' unless they transferred large sums of money. The scam spanned several states, including a Rs 3-crore fraud targeting residents of SAS Nagar. The case stems from two FIRs lodged at the SAS Nagar Cyber Crime Police Station, Phase-7. Investigators have frozen or closed 310 bank accounts linked to the racket and connected the suspects to a Rs 12.5-crore fraud case registered in Bengaluru under Sections 318(4) and 319(2) of the BNS, and Sections 66(C) and 66(D) of the IT Act. Over the past four months, SAS Nagar Cyber Crime Police have dismantled six illegal call centres, arrested 41 people- including seven foreign nationals- and seized laptops, mobile phones, SIM cards, ATM cards, and multiple bank accounts. They have also cracked a honey-trap case, arrested the mastermind of a fake Railway job racket that duped 25 people, refunded Rs 4.12 crore to victims, and blocked scams worth Rs 2 crore through timely alerts to banks. SSP Harmandeep Singh Hans said the operation was more than just making arrests — it showcased Punjab Police's strong commitment to protecting citizens from cybercrime. He added that their efforts will continue to target such networks, recover stolen money, and ensure every offender is brought to justice.
Time of India
29 minutes ago
- Time of India
ED freezes Rs 110 crore in mule accounts and seizes 1,200 credit cards in Parimatch money laundering probe
Mumbai: The Enforcement Directorate (ED) froze Rs 110 crore in mule accounts and seized 1,200 mule credit cards following raids at 17 locations in Mumbai, Delhi, Noida, Jaipur, Surat, Madurai, Kanpur, and Hyderabad earlier this week. The operations were part of a money laundering investigation connected to the Parimatch online gaming-betting app operated from Cyprus, and conducts its illegal operations in India through multiple verticals. The raid also included a firm whose payment aggregator licence application had recently been rejected by the RBI. The ED stated that Parimatch defrauded investors (its users) by promising high returns and thus generated over Rs 3,000 crore in a year. Investigations revealed that Parimatch routed users' funds through mule accounts using various strategies across southern and western India to layer the money collected from users. The ED said that the app deceived users with attractive prize winnings and aggressive marketing, including sponsorship of sports tournaments and partnerships with well-known celebrities. Parimatch also established Indian entities to run surrogate advertisements under the names "Parimatch Sports" and "Parimatch News. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Find your car's value online in minutes. Spinny Click Here Undo " Payments to these agencies were made through foreign inward remittances, said the ED. You Can Also Check: Mumbai AQI | Weather in Mumbai | Bank Holidays in Mumbai | Public Holidays in Mumbai | Gold Rates Today in Mumbai | Silver Rates Today in Mumbai In one instance during the search, the ED discovered that funds deposited by users into mule accounts were withdrawn in cash in a specific locality in Tamil Nadu. Afterwards that cash was handed over to hawala operators, who used it to recharge virtual wallets of a UK-based company. The wallets were then used to purchase USDT cryptocurrency under the names of mule crypto accounts, operated by Parimatch agents, said the ED. In another instance, during the search found that in western India, Parimatch utilised domestic money transfer (DMT) agents. Funds collected in mule accounts controlled by these DMT agents were sent to Parimatch agents through payments made via mule credit cards. The ED seized 1,200 such mule credit cards from a small shop. The ED investigation also uncovered that payment companies, whose applications for Payment Aggregator licences had been rejected by the RBI, offered their services to Parimatch under the guise of technology service providers (TSPs) and provided their API to facilitate user fund collections. These TSPs supplied the APIs to Parimatch agents, who then opened mule accounts in the names of e-commerce companies and payment solution provider companies to collect funds from users. Money collected through UPI transfers was layered and transferred out as e-commerce refunds, chargebacks, vendor payments, and other transactions, effectively concealing the actual flow and purpose of the funds, said the ED. MSID:: 123306752 413 | Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. "Get the latest news updates on Times of India, including reviews of the movie Coolie and War 2 ."
