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Crime

ED arrests one in Rs 2,200 crore PMLA case

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 The Enforcement Directorate (ED) on Saturday said that it has arrested Pavitra Pradip Walvekar, the promoter director cum CEO of Kudos Finance and Investment Private Limited, an NBFC company in connection with a prevention of money laundering case.

His arrest was made at Hyderabad by a team of ED officials. The probe agency produced him before a special court and said that he wasn’t needed for further interrogation. After this the court remanded Pavitra to 15 days judicial custody.

The ED has been conducting money laundering investigation against a number of Indian NBFC companies which are in the business of instant personal loans via mobile apps.

The ED has found that various fintech companies backed by Chinese funds have made agreements with these NBFC companies for providing instant personal micro loans of term ranging from 7 days to 14 days.

Ms Kudos NBFC ‘purportedly’ engages FinTech (digital lending partners) Companies as a Service Provider to assist in identifying prospective customers, verifying their eligibility, collection of information/documents, conducting due diligence, collecting pre-disbursement documents, arranging execution of the loan agreement, assisting with collections and recovery of principal and interest payments and attending service requests/product related queries for the retail loans offered by the Company.

Although it is projected that the NBFC is engaging Fintech companies for the above activities, but in reality they are allowing the Fintech companies to misuse the valuable NBFC license of Kudos.

“Ms Kudos has a paltry Net Owned Fund (NOF), but it is taking huge amount as ‘security deposits’ and then opening separate Merchant ID (MID) with payment gateways for each fintech app and then depositing this security in the MID of the respective fintech app,” said an ED official.

Kudos company has no mobile app of its own. It is not involved in the lending business at all. It has miniscule staff and is blindly allowing fintech companies to operate at the back of MOU between self (NBFC) and Fintech Mobile app companies. Thus, the entire lending operation is being done by the fintech app from its own funds. Kudos is only lending its license and the fintech apps are the ones acting like the real NBFCs and doing end to end micro lending and reaping majority of the benefits. In return Kudos is taking a commission without doing any due diligence or hard work.

“Entire decisions regarding fixation of interest rate, processing fee were taken by fintech companies and these companies were operating on the basis of instructions from Chinese beneficial owners. They capture customers’ data by getting access to their mobile contacts, media. In order to obtain more profits and to maintain high recovery rate, their call centres resorted to harsh recovery measures by using abusive language to entire phone list and contacts and misuse of social media privileges. Unable to bear the level of harassment, certain people have committed suicides,” said an ED official.

The official said that at the time of crediting the loan amount, the apps would deduct 15-25 per cent of the amount as processing fee and on the remaining amount they were charging very high interest rate.

“Fund trail investigation done by ED revealed that despite having NOF of only Rs 10 crore, Kudos circulated loans over Rs 2,200 crore in its name and it was entirely funded by 39 fintech companies who are now not responding to summons and have shutdown their operations and are absconding,” said the ED official.

In the entire business, fintech companies have gained a total profit of around Rs 544 crore and Kudos has gained a profit of around Rs 24 crore.

This entire arrangement is in complete violation of the RBI guidelines on NBFCs and thus, the entire profit of Rs 568 crore is nothing but proceeds of crime.

The source of funds with the fintech companies is also suspect and is being investigated.

Despite repeated opportunities, Pavitra Pradip Walvekar was not revealing the real identity and beneficial owners of the 39 apps with whom they were in business for more than a year.

The ED has alleged that instead of cooperating with the investigation, he had been making active attempts to obstruct the free and fair investigation.

Crime

Tension escalates in Ujjain over Shahi Masjid portion removal; tear gas fired as stone-pelting continues

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Ujjain, Sep 28: A tense situation gripped parts of Ujjain in Madhya Pradesh on Monday morning as protests against the proposed partial removal of the historic Shahi Masjid turned restive, with stone-pelting reported and police resorting to tear gas shells to disperse the crowd.

A heavy police force remains deployed around the mosque complex amid ongoing preparations for the Simhastha 2028 event.

The unrest centres on road-widening work along an approximately 900-metre stretch from Kanthal Square to Gopal Mandir. Authorities are expanding the route to 15 metres to manage the expected large influx of pilgrims during the major Hindu religious gathering.

Several religious structures fall within the project’s alignment. Officials note that most of around 60 such structures along the route have already been cleared. However, the Shahi Masjid and a nearby mazar close to the “Khade Hanuman Mandir” have become focal points of opposition in recent days.

The Shahi Masjid, described by community members as a centuries-old Waqf property (with some accounts dating it to around 1390), is proposed for partial demolition affecting portions of the prayer hall, a minaret, and related structures.

The Madhya Pradesh High Court in Indore had earlier dismissed petitions challenging the Ujjain Municipal Corporation’s notices, citing public interest and traffic needs for the upcoming Simhastha. A further hearing related to the matter was scheduled for Monday at the Indore High Court.

Anticipating possible enforcement, authorities deployed nearly 2,000 police personnel along with heavy machinery, including earthmoving machines.

Members of the Muslim community began gathering at the Shahi Masjid complex and adjoining roads from Saturday night, raising slogans. The protests continued through Sunday night. Barricades were erected on the “Kanthal-Gopal Mandir” route to restrict movement, and surveillance was conducted using drone cameras.

Police and Rapid Action Force units maintained a strong presence.

On Monday, as the situation remained charged, some youths continued pelting stones at police personnel even as tear gas shells were fired repeatedly, police sources said. More than a dozen and a half shells were used in efforts to disperse the gathering.

Tension continued at the site while forces worked to restore order.

In a related incident during law-and-order duties, Crime Branch TI Pushpa Panchal sustained an injury to her hand. According to police, a group of women was advancing during the protest. While the female police contingent attempted to move them away safely, officers approached the group, who were using a sheet as cover. The corner of the sheet cut TI Panchal’s hand. She received first aid, and her hand was bandaged.

Police confirmed that none of the protesting women was injured and all remained safe.

The administration has emphasised that the road-widening forms part of broader infrastructure upgrades for Simhastha 2028, which is expected to draw crores of devotees. Similar actions have been taken against numerous other religious and non-religious structures across the city to ease congestion near key sites, including the Mahakaleshwar Temple area.

Community representatives have called for the mosque to be spared, while authorities maintain that the work proceeds under legal processes and development plans.

As of the latest reports, a large police contingent continues to maintain security around the mosque, with efforts focused on preventing further escalation while the High Court hearing proceeds.

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Crime

Delhi Crime Branch arrests interstate criminal, foils Rs 1 crore extortion-driven elimination plot

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New Delhi, Sep 28: The Delhi Police Crime Branch has apprehended interstate criminal Harender Nagar alias KD, 33, in connection with an extortion conspiracy targeting a financier in Rohini, recovering two sophisticated illegal pistols and 14 live cartridges from his possession, officials said on Monday.

According to the Crime Branch, Nagar, son of Jaswant Singh and a resident of Bamba­wad village in Dadri tehsil of Gautam Buddha Nagar, Uttar Pradesh, allegedly demanded Rs 1 crore as protection money from a financier based in Rohini.

Police said that after the financier refused to pay the demanded amount, Nagar came to Delhi with the alleged intention of eliminating him, posing a serious threat to his life and security.

During the operation, police recovered two sophisticated illegal pistols and 14 live cartridges from Nagar’s possession.

The accused was also allegedly wanted in connection with a major gold robbery case registered at Baldev Nagar police station in Ambala, Haryana, in which approximately 1.5 kg of gold jewellery was allegedly looted from a van on August 18.

Police said Nagar disclosed his association with the Bhau Gang and named his associate Deepak as the alleged supplier of the recovered arms and ammunition. He was also found to have previously been involved in four criminal cases registered in Delhi and Haryana.

According to the Crime Branch, the arrest is part of its efforts to identify and apprehend criminals allegedly involved in interstate activities, including extortion, robbery and planned violence.

On September 9, SI Sumit and HC Rambir received specific information regarding the presence of Harender Nagar alias KD, who had allegedly made threatening and extortion calls to a financier, Ajay Yadav alias Boss, a resident of Sector 7, Rohini, and demanded Rs 1 crore as protection money.

The information was immediately shared with senior officers, following which directions were issued to trace and apprehend the accused.

According to the information received by the police, Nagar had allegedly come to Delhi with the intention of eliminating the financier after he refused to pay the protection money that had been demanded.

Acting on the information and through technical surveillance, the dedicated team reached Sector 24, Rohini, near a drain, and took strategic positions.

At around 10:45 p.m., on a tip off by a secret informer, the team apprehended a man who was identified as Harender Nagar alias KD, 33, son of Jaswant Singh and a resident of Dadri tehsil in Gautam Buddha Nagar, Uttar Pradesh.

During a search, police recovered a sophisticated pistol along with five live cartridges from the pocket of his jeans. Another illegal sophisticated pistol along with four live cartridges was recovered from his bag, while five additional live cartridges were also recovered from his possession.

The recovered arms and ammunition were seized through a seizure memo.

Subsequently, FIR No. 217/26 under Sections 25/54/59 of the Arms Act was registered at the Crime Branch police station, and Nagar was arrested in the case.

During sustained interrogation, police said Nagar disclosed that he, along with his associate Deepak, had allegedly hatched a conspiracy to extort money from financier Ajay Yadav alias Boss.

During interrogation, Nagar also disclosed his involvement in a gold robbery conspiracy in Ambala, Haryana.

According to his alleged disclosure, he, along with his associates Deepak, Chhotu and others, had planned to rob gold jewellery while it was being transported in a van.

Police said that in pursuance of the alleged plan, Nagar and five associates robbed approximately 1.5 kg of gold jewellery from a van in Ambala on August 18, 2026.

The accused disclosed that the robbed gold jewellery was taken by his associate Deepak for disposal or sale. Police further said that three to four of his associates had already been arrested in Haryana.

Nagar also disclosed that Deepak was associated with the Bhau Gang and that he had joined him. He further disclosed that the illegal arms and ammunition recovered from his possession had allegedly been provided by Deepak, who is residing in Narela, Delhi.

Information regarding Nagar’s arrest was immediately shared with the concerned police station in Ambala, Haryana.

A team of the Crime Investigation Agency, Haryana, subsequently reached Delhi and interrogated the accused regarding the Ambala gold robbery case.

The Investigating Officer moved an application seeking transit remand of the accused before the court. However, the court directed that the application be moved before the court concerned . Accordingly, Nagar was sent to judicial custody for seven days.

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Crime

Cab driver attempts to sexually assault woman in Hyderabad

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Hyderabad, Sep 28: A cab driver allegedly attempted to sexually assault a woman near Shamshabad on the outskirts of Hyderabad and robbed her of Rs 60,000, officials said on Monday.

The incident occurred near the site of the 2019 Disha case on Friday (September 26) night but came to light on Monday. The 38-year-old woman lodged a complaint with Rajiv Gandhi International Airport (RGIA) Police Station. Police later registered an FIR.

The complainant, a resident of Devarkonda in Nalgonda district, stated that she boarded a taxi at Jadcherla around 6 p.m. on September 26 to come to Hyderabad. She was carrying Rs 60,000 in cash.

On reaching Shamshabad, the driver asked her to pay an extra Rs 50 to go to Gachibowli, to which she agreed. The FIR states that after crossing the Tondupally toll gate, the driver stopped the car at a medical shop on the ORR service road to buy medicines.

Around 8:30 p.m., he again stopped the vehicle near a deserted place beside the Kothwalguda service road and allegedly tried to molest her. When she raised an alarm and got down from the vehicle, the driver snatched the bag containing the cash and sped away.

Based on the complaint received the same night, police registered a case under Sections 74, 318(4), 303(2) of BNS and took up the investigation. It was near Tondupally toll gate that a 27-year-old woman veterinarian was gang raped and murdered on the night of November 27, 2019.

The charred body of Disha (as the victim is referred to by the investigators) was found at Chatanpally near Shadnagar the next day. The horrific incident had triggered huge public outrage and grabbed the national headlines.

Four accused arrested in the case were gunned down by police in an alleged encounter on December 6, 2019. According to police, the accused tried to snatch weapons from police while they were taken to Chatanpally as part of the investigation. Police personnel escorting them opened fire, killing all the accused.

The Supreme Court later appointed an inquiry commission to probe the alleged encounter.

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