Crime
Enforcement Directorate attaches property worth several crores in PACL India case
The Enforcement Directorate (ED) on Friday said that it has attached properties worth several crores of rupees belonging to some companies in connection with a money laundering case against PACL India Ltd.
While the attached immovable assets are in the form of land ad-measuring 3,39,984.2 square metres worth Rs 185 crore, the movable assets amounting to Rs 7,51,78,480 are in the form of bank balances of some companies.
The attached companies are DDPL Global Infrastructure Private Ltd (DDPL), Unicorn Infraprojects and Estates Private Ltd (Unicorn) and Brightview Projects and Estates Private Ltd.
A senior ED official said that PACL collected money from the public under different schemes for allotting plots in different parts of the country or giving an option to take back their expected tentative value of land in lieu of the allotted plot under the scheme on maturity.
PACL was in the real estate business and sale of agricultural land through their agents and local office. Getting double benefit by creating easy equity for procurement of land and later taking the benefit on the appreciation of land prices, it had collected amounts running into several crores from investors all over India.
The ED has learnt in the investigation that Directors of PACL siphoned off amounts received from investors and utilised the same for personal gains by investing in various entities.
Investigation also revealed that PACL transferred Rs 101 crore (being investors’ money) in Dhanashree Developers Private Ltd, out of which Rs 26 crore were transferred to DDPL Global Infrastructure Private Ltd.
Further, PACL transferred Rs 2,285.79 crore to Prateek Kumar who invested Rs 94.61 crore in DDPL and Unicorn. It also transferred Rs 110.95 crore in Systematix Venture Capital Trust through its 25 front companies, which was invested in DDPL and Unicorn in form of OFCD and equity.
With the funds received from PACL through various channels, DDPL and Unicorn purchased land parcels at village Tiwri of Vasai in Maharashtra’s Palghar district. DDPL and Unicorn entered into various agreements with different entities for sale of FSI and construction of residential cum commercial projects, from which the two entities generated huge profits.
“Investigation by ED also revealed that the shareholding of DDPL and Unicorn was changed frequently in order to legitimise the funds received from PACL and to ensure that the assets are not taken over and given to investors. The scheme has been cleverly designed to obscure the actual beneficiary of the land and shares to avoid investigation by government agencies. The shareholders of DDPL and Unicorn viz. Hemant Patil and Dharmesh P Shah have claim over these assets without ever actually investing any substantial funds in the companies,” said the official.
Investigation with regard to tracing the remaining Proceeds of Crime is in progress.
Crime
Online betting: ED conducts searches at 20 premises in Mumbai, Pune, Hyderabad

Mumbai, Oct 17: In fresh action against an online betting/gaming and cyber fraud syndicate, the Enforcement Directorate (ED) conducted search operations at 20 premises located in Mumbai, Pune, Mehsana, Surat and Hyderabad, ED officials said on Saturday.
During the search operations on October 13, the ED’s Mumbai Zone-2 seized various incriminating documents, digital devices and other material evidence relating to the layering and diversion of proceeds of crime, the official said in a statement.
In addition, multiple bank accounts of the concerned entities and persons have been ordered frozen under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the statement said.
In the case, the ED had earlier conducted searches at multiple places in Pune, Mumbai and Bengaluru and also arrested Ram U. Ramdhani, founder of Edsom Fintech Private Limited, who remains in judicial custody, it added.
The investigation stems from two predicate offences pertaining to the online gaming and betting platform “All Panel Exchange” (allpanelexch.com) and MGM91 wherein the complainants were induced to deposit funds and were subsequently cheated, the ED said.
The central agency’s investigation under PMLA established that funds collected from victims of both betting platforms were routed and ultimately received in the bank accounts of a Pune-based entity established by Ram U. Ramdhani.
“Edsom had developed and operated an in-house payment intermediary platform called “iPaisa”, through which it onboarded more than 200 shell/front entities — referred to internally as “merchants” — on behalf of online gaming, betting, and cyber fraud operators and their agents, referred to as “Channel Partners/Carry and Forward Agents”,” the ED said.
“Investigation revealed that funds collected from victims of online gaming/betting/cyber fraud platforms were routed through a vast network of mule bank accounts and the controllers of these betting platforms, along with the shell entities used for routing the proceeds of crime, have been identified,” the ED added.
It also emerged that a significant number of persons involved in operating these online betting/gaming platforms were being directed from Dubai based persons, the probe agency said.
The syndicate was further aided by certain cooperative banks, whose infrastructure was used to collect and further layer the illicit proceeds, it added.
“Investigation has also established that the proceeds of crime generated through online betting/gaming and cyber fraud activities were siphoned out through three principal routes: One, by way of remittances disguised as trade transactions through over invoicing; and other, by cash withdrawals from mule accounts opened under the guise of APMC units; and another, by conversion of funds into cryptocurrency for siphoning off the proceeds of crime outside India,” the ED said.
Crime
One killed as DTC bus runs into pedestrians in Delhi Anand Parbat

One person was killed, and two others were injured after a Delhi Transport Corporation (DTC) bus hit vehicles and pedestrians in Delhi Anand Parbat area on Saturday, officials said.
According to the officials, an e-rickshaw, two bikes, and a scooter rider were hit by the bus, which was heading towards Tikri Border.
One person died on the spot, while two others were seriously injured and were shifted to the hospital.
The officials added that the bus driver fled the scene following the accident.
According to the eyewitnesses, the bus was speeding when it hit the pedestrians.
“The bus was being driven by a female driver. The bus was at a very high speed. Pedestrians tried to save themselves; however, some were hit by the bus. Around 4-5 people were injured,” an eyewitness told media.
“There is always a traffic jam in this area. There is no place to walk on this road. Rikshaws and shops have encroached upon the road. Everyone fears to walk on this road. Today, a person has died because of all this,” another said.
“Several accidents keep happening here. The situation is miserable. The police also don’t arrive on time,” a local told media.
Police and forensic teams have reached the spot and are investigating the incident. Further details are awaited.
In a separate incident, one person was killed, and three others were injured after a truck hit two motorcycles near Crescent Apartment Red Light in Dwarka Sector 18 in the early hours of Saturday.
According to Delhi Police, the fatal accident occurred at around 12.45 a.m. The two motorcycles were carrying four people, with two persons on each vehicle, when the truck struck them.
Police apprehended the truck driver, Hotam Singh, 41, a resident of Agra, Uttar Pradesh. The truck, both motorcycles, and other exhibits were seized.
A case has been registered at Dwarka North police station under relevant sections, and further investigation is underway.
Crime
Delhi Police rescue 19 women, arrest 10 in raids on two spas in city

The Central District Police conducted simultaneous raids at two spa establishments in the Nabi Karim and Paharganj areas of Delhi, rescuing 19 women and arresting 10 people for their alleged involvement in illegal activities, police said on Saturday.
The raids were conducted as part of a crackdown on alleged illegal activities operating under the guise of spa services. Two FIRs have been registered under Sections 3, 4, and 5 of the Immoral Traffic (Prevention) Act, and further investigation is underway.
In the first operation, Nabi Karim police acted on specific information about an alleged sex racket operating at Hollywood Spa, located on the second and third floors of property number 8709-10 on Desh Bandhu Gupta Road.
According to police, on October 16, a secret informer approached Sub-Inspector Neeraj Rathi and provided information about the alleged racket. The information was shared with the station house officer (SHO), who constituted a team to verify the input and take legal action.
A police personnel was deployed as a decoy customer to verify the information. After the alleged illegal activity was confirmed, the team raided the premises, rescued 14 women and arrested nine accused.
The arrested persons were identified as Preeti Iman Ali, 39, the spa owner; Rizwan Ali, 38, the manager; Asif, 35; Shajeb, 31; Mohd. Umar, 39; Sameer, 25; Shahrukh, 35; Gulrej alias Danish, 28; and Shiva, 25. They are residents of Delhi, Uttar Pradesh, Uttarakhand and Karnataka.
An FIR (No. 473/26), dated October 16, was registered at Nabi Karim police station under Sections 3, 4 and 5 of the Immoral Traffic (Prevention) Act.
In a separate operation, Paharganj police raided New Latest Unisex Salon and Spa at property number 3738 on Desh Bandhu Gupta Road. During the raid, five women were rescued, and one accused was arrested.
The accused was identified as Shakeel Ahmed, 46, a native of Rampur, Uttar Pradesh, who was residing at the spa premises in Delhi.
An FIR (No. 452/2026), dated October 17, was registered at Paharganj police station under Sections 3, 4 and 5 of the Immoral Traffic (Prevention) Act.
Police teams from both stations carried out the operations under the supervision of their respective SHOs, with the Nabi Karim operation also supervised by the ACP, Paharganj.
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