Crime
ED seizes unlisted shares worth Rs 293.91 cr of ‘MGM’ Maran
The Enforcement Directorate (ED) on Tuesday said it has seized assets worth Rs 293.91 crore belonging to Tamilnad Mercantile Bank’s (TMB) former Chairman Nesamanimaran Muthu alias MGM Maran under the Foreign Exchange Management Act (FEMA).
According to the ED, the seized assets are in the form of shareholdings in four Indian companies, namely, the Southern Agrifurane Industries Private Ltd, Anand Transport Private Ltd, MGM Entertainment Private Ltd, and MGM Diamond Beach Resorts Private Ltd.
Incidentally, the three of the companies are unlisted entitites.
The ED said Maran had incorporated two companies in Singapore during 2005-06 and 2006-07 and invested Singapore $5,29,86,250 equivalent to Indian Rs 293.91 crore, but the investment was made without Reserve Bank of India’s (RBI) permission and non-disclosure to Indian regulators.
According to the agency, the provisions of Section 37A(1) empowers it to seize Indian asset of a person who has acquired assets in foreign country or made investment outside India without the approval of the RBI while he was a person resident in India.
Since the amount of foreign investment was SGD 5,29,86,250, the assets of equivalent value thereof of Rs 293.91 crore has been seized, it said.
Last year, the Adjudicating Authority under the FEMA had levied a penalty of Rs 35 crore on Maran for opening a bank account in Singapore and receiving foreign exchange to the tune of US$ 68,50,000 (equivalent to Rs 28.08 crore) in that account from a foreign entity.
The said payment is the consideration for facilitating and assigning the rights towards transfer of shares of the TMB in favour of Katra Holdings Ltd, consequent to a private agreement with that company. The penalty is also for failing to repatriate the said foreign exchange into India, the ED had said then.
The Adjudicating Authority had also fined Standard Chartered Bank Rs 100 crore and the TMB Rs 17 crore.
The ED had taken up the probe under FEMA based on reference received from the RBI to investigate advance remittances received by certain entities for purchase of the shares of the Tuticorin-headquartered TMB through escrow mechanism maintained with Standard Chartered Bank, Mumbai.
Following the probe, the ED had issued show cause notice to the TMB, its directors, Standard Chartered Bank and one of its officials for contravening FEMA.
In his adjudication order, the Special Director, ED, Southern Region imposed a penalty of Rs 11.33 crore on the TMB for recording in its books the transfer of 46,862 shares of the bank in the names of seven foreign entities viz. (i) RST Ltd (wholly owned by Ravi S. Trehan), Katra Holdings Ltd (wholly owned by Ramesh Vangal), GHI I Ltd (wholly owned by Rajat Gupta), Kamehameha (Mauritius) Ltd, FI Investments (Mauritius) Ltd, Cuna Group (Mauritius) Ltd, and Swiss Re Investors (Mauritius) Ltd.
The above seven entitities were not approved by the RBI for acquiring the shares of TMB.
A further penalty of Rs 5.66 crore was imposed on the TMB for its act of recording in its books, the subsequent transfer of 27,289 shares out of the above 46,862 shares in the names of two foreign entities – Sub-Continental Equities Ltd, Mauritius and Robert & Adris James Company Ltd, Mauritius, without the permission of the RBI.
Penalty has also been imposed on the directors of the Board of the TMB, who approved the recording of the transfer of shares of the bank.
The Standard Chartered Bank was held guilty of contravening FEMA for opening the Standard Chartered Bank Project Windmill (Sale Consideration) Escrow Account, without the RBI’s prior permission and for allowing deposits of Rs 113 crore and for having held 1,12,151 shares of the TMB in the said escrow account.
A penalty of Rs 34 crore was levied on the bank for the above contraventions.
Another Rs 66 crore penalty was levied on the Standard Chartered Bank for providing collateral/guarantee/taking into custody of TMB shares and original sale deeds of land in lieu of which Standard Chartered Bank, Mauritius granted a loan of US$ 55.40 million (equivalent to Rs 221 crore) to three foreign entities viz, Katra Holdings Ltd, Mauritius, RST Ltd, Cayman Islands, and GHI I Ltd, Cayman Islands, without any special permission from the RBI.
Crime
Gujarat cops arrest man who allegedly fled court after 20-year sentence in POCSO, rape case

Ahmedabad, June 26: The Ahmedabad Police arrested a 42-year-old man who allegedly absconded from court after being sentenced to 20 years’ imprisonment in a case involving offences under the Protection of Children from Sexual Offences (POCSO) Act, rape and the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act, officials said on Friday.
According to the Local Crime Branch (Zone-7), the accused, identified as Sultan alias Manoj Kumar, a resident of Fatehwadi area in Ahmedabad, was apprehended on Thursday evening during a special drive launched ahead of the annual Rath Yatra to trace absconding offenders and strengthen preventive policing.
“The city police commissioner and the joint commissioner of police had directed a coordinated operation to locate wanted and convicted offenders, particularly those involved in serious crimes, to help maintain law and order and ensure public safety during the festival,” officials said.
Acting on these instructions, Deputy Commissioner of Police (Zone-7) Shivam Verma instructed police stations and the LCB to prepare a special action plan using human Intelligence and technical inputs to trace absconding accused.
The breakthrough came while Police Sub-Inspector H.D. Vaghela and his team were patrolling the Zone-7 area.
Police said Head Constables Nashrullakhan and Mahendrasinh, along with Police Constable Irfan, received specific Intelligence that led to the arrest of the accused, who had allegedly fled from the court of the Seventh Additional District and Sessions Judge in Ahmedabad (Rural), after being sentenced.
The accused faces conviction under Sections 363, 366, 376(2)(N), 419 and 114 of the Indian Penal Code, along with Sections 4, 5(L), 6 and 8 of the POCSO Act and Sections 3(2), 3(5-A) and 3(2)(5) of the SC/ST (Prevention of Atrocities) Act.
The arrest follows other recent efforts by Gujarat police to track down fugitives. Earlier this week, the Ahmedabad Crime Branch arrested a life convict in the 1992 Radhika Gymkhana massacre case who had allegedly remained on the run for nearly seven years after jumping parole.
Last month, authorities also launched a manhunt after a convict serving sentences in murder and POCSO cases escaped from Sabarmati Central Jail before being traced.
Crime
Delhi Police arrest gangster Shabir Ali wanted in MCOCA case

New Delhi, June 26: The Special Cell of the Delhi Police on Friday arrested gangster Shabir Ali alias Shabir Chaudhary, who led an organised crime syndicate operating across North-East Delhi and the Trans-Yamuna region. Police said the accused had been absconding since April 2025 in a case registered under the Maharashtra Control of Organised Crime Act (MCOCA).
According to a statement issued by the Special Cell on Friday, Shabir Ali was wanted in a 2025 MCOCA case being investigated by the Special Cell. Nine members of his organised crime syndicate have already been arrested in connection with the same case.
The arrest was made by a team of the Special Cell’s NDR unit led by Inspectors Alok Kumar Maurya and Nitu Kumar under the supervision of ACP Ashish Kumar.
Police said that, acting on intelligence gathered through credible human sources and technical surveillance, the team apprehended Shabir Ali from the Shambhu Border in Haryana on June 14 and subsequently brought him to Delhi for further legal proceedings.
During the operation, police recovered one XUV and a scooty from the accused.
According to the Special Cell, Shabir Ali alias Shabir Chaudhary heads the Shabir Chaudhary-Hashim Baba-Anwar Chacha organised crime syndicate. The gang is allegedly active in the Trans-Yamuna and North-East Delhi regions, including Seelampur, Bhajanpura, Maujpur, Shahdara and adjoining districts of Uttar Pradesh.
Police alleged that members of the syndicate have been involved in several cases of extortion, murder, attempt to murder, land grabbing and other serious offences. Investigators also claimed that some members of the gang have been operating from abroad, particularly from Nepal and Dubai.
The Special Cell said it has taken a series of actions against the syndicate in recent months. In one such case, registered as FIR No. 08/2026 under the Arms Act at the Special Cell Police Station, alleged sharpshooter, Sohail alias Alam alias Tohid, was arrested on the intervening night of January 10 and 11. Police recovered one pistol and three live cartridges from his possession.
In another operation linked to FIR No. 303/2025 under the Arms Act, police arrested two alleged gang associates — Jasim alias Aalu and Jahangir alias Ikka — on December 11, 2025. Four pistols and 14 live cartridges were allegedly recovered during that operation.
Police said Shabir Ali is a native of Muzaffarnagar district in Uttar Pradesh and allegedly entered the criminal world in the mid-1990s through his association with Haji Afzaal of Seelampur. He allegedly became involved in several incidents of firing, murder and gang rivalry across North-East Delhi and the National Capital Region.
According to the police, following the murder of his brother Shamim Ahmed in 2008, Shabir intensified his criminal activities. During his incarceration in previous cases, he allegedly came into contact with several hardened criminals, including Hashim Baba and Anwar Khan alias Chacha, strengthening the organised crime network.
Police said Shabir Ali has previously been arrested in several criminal cases, including one under the MCOCA, and has been involved in 14 criminal cases relating to murder, attempt to murder, extortion and other serious offences. He is also wanted in FIR No. 629/2024, which is being investigated by the Special Cell and is facing a non-bailable warrant issued by a Delhi court in connection with an Arms Act case registered at Bhajanpura Police Station in 2022.
According to the Special Cell, key members of the organised crime syndicate, including Hashim Baba, Anwar Khan alias Chacha, Zoya Khan, Sameer alias Baba, Salim Ahmed alias Salim Pistol, Harsh Pal Singh alias Rubal and Illiyas, are currently lodged in jail under the MCOCA case.
Crime
CBI arrests Punjab National bank manager in Agra bribery case

New Delhi, June 26: The Central Bureau of Investigation (CBI) on Friday arrested a manager of the Punjab National Bank’s Bhadrauli Branch in Agra’s Barhan, Uttar Pradesh, in connection with an alleged bribery case.
According to the CBI, the case was registered on June 25, based on a complaint filed by an employee of a private company. It was alleged that the bank manager demanded illegal gratification of Rs 7,000 per loan file to process and clear around 19 solar panel loan applications.
The complainant alleged that after negotiations, the accused agreed to accept a total bribe of Rs 52,000 to clear the 19 loan files, which had already been sanctioned by the bank.
Acting on the complaint, the CBI laid a trap and caught the accused manager red-handed while allegedly demanding and accepting a part payment of the bribe amounting to Rs 30,000 from the complainant.
The accused was arrested on June 25 and is scheduled to be produced before the competent court in Ghaziabad on Friday. Further investigation into the case is underway.
Earlier on June 25, the CBI held a coordination meeting with the Department of Financial Services (DFS) and Chief Vigilance Officers of public sector banks, IDBI Bank and Life Insurance Corporation of India here on Thursday on measures to expedite investigations into bank fraud cases, according to an official statement.
The meeting was attended by the Department of Financial Services Secretary Sanjay Lohiya, the CBI Additional Directors A.Y.V. Krishna and N. Venu Gopal, Joint Directors of the CBI and DFS Joint Secretaries Shalini Pandit, Ashish Madhaorao More and Manoj Muttathil Ayyappan, along with other officials.
“During the day-long meeting, several issues, including previous approval under Section 17A of the Prevention of Corruption Act, sanction for prosecution under Section 19 of the Prevention of Corruption Act, awaited documents, bank fraud complaints, one-time settlement (OTS) issues, recent court judgments and issues related to mule accounts were discussed and deliberated upon,” the CBI statement said.
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