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ED Arrests 2 In ₹300 Crore Digital Investment Scam; Duo Remanded To Custody

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Mumbai: The Enforcement Directorate (ED) has arrested two persons for allegedly cheating investors in Gujarat and Maharashtra of around Rs 300 crore through digital investment schemes and laundering the proceeds. A court has remanded the accused Sudhir Kotadiya, 33, and his cousin, Umang Kotadiya, 27, from Amreli to ED custody till March 20.

The money laundering case was registered based on an FIR initially filed at the Vartak Nagar police station in Thane and later transferred to the Economic Offences Wing (EOW).

Investigators allege the accused operated a large-scale digital investment scheme through several entities, including Qfonn App Limited, Qfon Connect India LLP, Qfon Entertainment Pvt Ltd, and Qfon Ajobman India LLP, among other related firms.

ED prosecutor Arvind Aghav, seeking their custody, told the court that the accused had been absconding, prompting authorities to issue a look-out circular.

He said the duo fled to Dubai and later re-entered India via Nepal to evade legal action before being traced and arrested in Gujarat.

According to investigators, the accused lured people to invest by promising monthly returns ranging from 2% to 10.5%, claiming the income would be generated through online advertisement viewing and app-based digital activities.

The probe found that funds from new investors were used to pay returns to earlier investors, while a significant portion was allegedly siphoned off.

One investor who had put in Rs 183 crore provided details of about 60 companies, entities and individuals whose bank accounts were allegedly used to collect nearly Rs 55 crore on the instructions of the accused.

The ED claims Sudhir Kotadiya was the mastermind behind the Qfonn app-based Ponzi scheme and held 25% shares in Qfonn App Limited, with another 25% held by his wife, Ranjanben Kotadiya, while the remaining shares were with other family members.

Umang Kotadiya allegedly handled operations, serving as director or partner in multiple Qfon group entities and acting as an authorised signatory for several bank accounts linked to the scheme.

Crime

Mumbai Shocker! Man Shot, Stabbed To Death In Kurla; 3 Arrested

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Mumbai: A shocking incident has come to light from Mumbai’s Kurla, where a man was shot and stabbed to death. According to the Mumbai Police, three accused have been arrested in the case.

the incident took place on April 29 at around 10 pm near Pipeline Block No. 3 in Kurla’s V B Nagar. The deceased, identified as Baba Pawar, was shot by one person while two others stabbed him.

After the information was received, Pawar was rushed to Bhabha Hospital for treatment. However, he succumbed to his injuries while undergoing treatment.

A case was registered at V B Nagar police station under Bharatiya Nyaya Sanhita and Arms Act for murder and other offences. Later, it was reported that the police arrested all the three accused involved in the crime. Currently, further investigation is underway to determine the circumstances and motive behind the gruesome killing.

Meanwhile, in another recent incident, a man allegedly stabbed a shopkeeper five to six times after thinking that he and his brother were laughing at him. The incident occurred in Agripada’s Baby Garden area, where two brothers were chatting and laughing over something in their shop.

When the accused arrived at the shop, he thought the two brothers were laughing and mocking him and in a sudden outburst, Mansuri pulled out a knife and attacked one of the brothers multiple times. 

Prior to this, another stabbing incident took place in Mira Road’s Naya Nagar, where a 31-year-old man, Zaib Zubair Ansari, attacked two security guards after being questioned about their religion. The attack took place near Asmita Grand Mansion in Mira Road East, where two security guards were on duty when Ansari approached them, initially asking for directions to a nearby mosque. Later, Ansari questioned one of the guards about his religion before attacking him with a knife. He then entered the security cabin and allegedly asked the second guard to recite the ‘Kalma’.

Ansari was arrested within hours after police reviewed CCTV footage. He was later produced before a Thane district court, which remanded him to police custody until May 4.

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Crime

Thane Woman, 61, Duped Of ₹15.76 Lakh By Fraudsters Posing As Officials; Police Register Case, Launch Probe To Trace Accused

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Thane: A 61-year-old woman from Thane, who had worked as a baby caretaker in Dubai, has allegedly been cheated of Rs 15.76 lakh under the pretext of receiving a parcel containing valuables from abroad, police said on Thursday.

The woman, who lives near Thane railway station in Maharashtra, alleged that two persons contacted her on her Dubai mobile number on April 14 and informed her that her gold ornaments and a high-end phone had arrived at the Mumbai airport from Italy, an official from Naupada police station said.

“They told her that the consignment needed to be cleared before April 22 and threatened that if she failed to do so, she would face legal action and would not be allowed to go back to Dubai,” the official said.

The fraudsters allegedly made multiple calls to the woman from different numbers and shared bank account details via WhatsApp, coercing her into transferring money on several occasions, he said.

“Under pressure and fear of arrest, the woman transferred Rs 15,76,000 into various bank accounts provided by the fraudsters,” the official said.

The woman approached the police on Tuesday, following which a case was registered against two unidentified persons under sections 318(4) (cheating) and 3(5) (common intention) of the Bharatiya Nyaya Sanhita.

Efforts were underway to trace the culprits, the police added.

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Crime

‘No Fear, I Am Not Scared’: Dawood Ibrahim’s Aide Salim Dola’s 1st Reaction After Being Brought To Mumbai Following Istanbul Arrest

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Mumbai: Salim Dola, a close aide of fugitive underworld don Dawood Ibrahim, displayed defiance upon his arrival in Mumbai following his arrest in Turkey, declaring, “No fear. I am not scared,” as he was escorted by officials. His statement came while he was being taken for a medical examination before being produced in court on Thursday.

Dola, considered a key figure in the operations of the infamous D-Company, was brought to the city yesterday by the Narcotics Control Bureau (NCB) after being granted a two-day transit remand by a Delhi court.

The arrest marks a major breakthrough for Indian agencies, as Dola had been on the run for several years and was allegedly managing international drug trafficking operations from Turkey. He was held on April 25 in Istanbul’s Beylikduzu district during a coordinated operation involving Indian intelligence and Turkish law enforcement authorities.

Following his arrest, Dola was deported to India and first produced before the Patiala House Court, which approved his transfer to Mumbai for further investigation. Special Public Prosecutor Manish Gupta appeared for the NCB and sought his custody in connection with a 2023 narcotics case registered in Mumbai.

Upon reaching Mumbai yesterday, Dola was taken to the NCB’s zonal office, where he is currently being interrogated. Officials believe he holds critical information about the functioning of D-Company’s global drug network, including smuggling routes across West Asia and Europe and the use of hawala channels to move illicit funds. Investigators are also looking to uncover details about sleeper cells and local distributors linked to the syndicate in Mumbai and surrounding regions.

Dola will be produced before a Mumbai court following initial procedures. His arrest and the later transfer to Delhi and now Mumbai are being seen as a major step in efforts to dismantle transnational organised crime networks with links to India.

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