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Mumbai EOW Registers Fresh ₹150 Crore Fraud Case Against Anil Ambani-Linked Firms

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Mumbai: The Economic Offences Wing (EOW) of Mumbai Police on Monday registered a fresh case of alleged cheating, criminal breach of trust, and criminal conspiracy against former directors and officials of companies linked to the Anil Dhirubhai Ambani Group (ADAG).

According to police officials, the accused allegedly obtained a bank loan of ₹150 crore and later diverted the funds for purposes other than those for which the loan was sanctioned, eventually defaulting on repayment. This is the second FIR registered following a complaint filed by Axis Bank against companies associated with the ADAG group.

An EOW source said the latest case was registered at Cuffe Parade Police Station on the complaint of Prakash Prabhakar Rao, Vice-President of Axis Bank. Rao had earlier lodged another FIR in March this year against several ADAG-linked firms and their directors on similar allegations.

The FIR names the then whole-time director of Reliance Home Finance Limited (RHFL), former directors of beneficiary companies within the ADAG group, and other concerned company officials.

Police officers said the alleged offence took place between January 2010 and November 2019. Investigators suspect that the accused, in connivance with former directors of the company, entered into a criminal conspiracy to defraud the complainant bank and cause wrongful financial loss.

According to police sources, the accused allegedly submitted forged documents, furnished false financial information, and made misleading disclosures regarding the financial condition of RHFL to secure the loans. The funds were then allegedly diverted to accounts of other affiliated group companies.

Officials further said that the EOW is examining the financial trail and the role of various company officials in the alleged diversion of funds. Earlier, on March 12 this year, the EOW had registered another case on similar grounds against companies linked to the Anil Ambani group.

Crime

Maha ATS questions 112 people over alleged links with Pakistan-based gangster, conducts statewide searches

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Mumbai, July 10: The Maharashtra Anti-Terrorism Squad (ATS) has launched a major statewide operation to investigate alleged contacts between individuals in the state and Pakistan-based gangster Shahzad Bhatti, with the agency questioning 112 people identified so far in connection with the case.

According to an official statement by the Maharashtra ATS, teams from all 14 ATS units across the state began the action at around 7 a.m. on Friday. The teams have been visiting the locations of individuals who were allegedly in contact with Bhatti through social media platforms and are questioning them as part of the ongoing investigation.

The ATS said that several locations across Maharashtra are being searched as part of the operation. Searches and enquiries are underway in areas including Mumbai, Thane, Navi Mumbai, Mira Road, Sangli, Satara and Chhatrapati Sambhajinagar, among other places.

The agency is examining possible links between the identified individuals and Shahzad Bhatti, who is suspected of allegedly using social media platforms to influence or encourage young people towards anti-national activities. Based on these inputs, the ATS initiated the statewide action to verify the nature of the alleged contacts and gather further information.

The agency is also collecting details related to their communication patterns, online interactions and any possible association with the Pakistan-based gangster.

The ATS has clarified that the investigation is currently underway and further action will be taken based on the findings of the enquiry.

Since the year 2025, the police have busted nine modules handled by Pakistani national Shahzad Bhatti.

This man, who was once a social media influencer has become the latest headache for the security agencies and would continue to remain for some more time as Bhatti is waiting for complacency to set in so that he can strike India.

Bhatti has emerged as the key figure in the modules that have been busted by the police.

While four separate modules relating to Bhatti have been busted by the Uttar Pradesh Anti-Terrorism Squad (ATS), five were shut down by the Special Cell of the Delhi Police.

An Intelligence Bureau official said that a clear pattern has been emerging and the Indian agencies are battling a new type of threat. Usually when nine modules are busted back-to-back by specialised agencies, the ones who are in charge tend to pull back.

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Crime

Assam Police bust drug racket; seize narcotics worth Rs 3 crore

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Guwahati, July 10: Assam Chief Minister, Himanta Biswa Sarma, on Friday commended a police team in the Sribhumi district for seizing 30,000 Yaba tablets valued at around Rs 3 crore and arresting three persons in connection with the narcotics haul, reiterating the state government’s commitment to its anti-drug campaign.

Taking to X, the Chief Minister praised the police action with a sharp message underscoring the government’s crackdown on drug trafficking.

“Every shipment has a destination, this one was the police station. Kudos to @sribhumipolice for seizing 30,000 Yaba tablets worth approx ₹3 cr and apprehending three accused,” Sarma posted.

The Chief Minister also used the hashtag #AssamAgainstDrugs, a campaign that has become synonymous with the state’s sustained drive against narcotics.

According to officials, the consignment of Yaba tablets was intercepted during a police operation in Sribhumi district.

Three persons allegedly involved in the smuggling racket were taken into custody, while the contraband, estimated to be worth nearly Rs 3 crore in the illicit market, was seized.

Police have launched further investigations to ascertain the source of the consignment and identify the broader network involved in trafficking the synthetic drug.

The Barak valley region in Southern Assam has often been used as a territory for the movement of narcotics items as the locality is surrounded by interstate borders with Manipur and Mizoram.

It has been considered that a large cache of drugs are transported from the neighbouring states using the Barak valley as a corridor.

Yaba, commonly referred to as the “crazy drug”, is a combination of methamphetamine and caffeine and is widely trafficked across international borders.

Assam, owing to its strategic location in the Northeast, has witnessed repeated attempts by drug smugglers to use the state as a transit route for narcotics.

The Himanta Biswa Sarma-led government has intensified its war against drugs since assuming office in 2021, with law enforcement agencies conducting regular raids, destroying seized narcotics and dismantling inter-state and cross-border trafficking networks.

Senior police officials have maintained that anti-narcotics operations will continue across vulnerable districts to curb the menace of drug trafficking and prevent the circulation of psychotropic substances in the state.

The latest seizure adds to a series of major narcotics busts reported from Assam in recent months as security agencies continue to tighten surveillance along key trafficking corridors.

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Crime

Delhi Police bust illegal gambling den in Vikaspuri; four held, Rs 74,000 recovered

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New Delhi, July 9: Delhi Police busted an illegal gambling den operating from a two-storeyed jhuggi in Vikaspuri on Thursday, apprehending four alleged gamblers. The Police team also recovered Rs 74,070 in suspected stake money along with gambling-related material during the raid.

According to the police, the operation was carried out on July 7 after the Special Staff received specific and credible information about an illegal gambling racket being run from Indra Camp No. 4 in Vikaspuri.

Based on the tip-off, a raiding team was formed under the leadership of Inspector Rajesh Maurya and the ACP (Operations), under the overall supervision of senior officers.

The team immediately reached the identified location and conducted a raid. During the operation, four persons were allegedly found actively engaged in gambling, while 16 other individuals were also present at the premises.

Police recovered Rs 74,070, suspected to be gambling stake money, along with satta parchis, a chakri and number charts allegedly used for conducting illegal gambling activities.

During the investigation, police identified Shahid as the alleged kingpin behind the gambling racket. According to officials, Shahid has previously been involved in five gambling-related cases. His associate, Akram, was allegedly responsible for collecting the stake money from gamblers.

Both Shahid and Akram were absent during the raid. Police said efforts are underway to trace and apprehend the duo and ascertain their complete role in the illegal gambling operation.

The four apprehended accused have been identified as Shekhar (24), a resident of Vikaspuri, who is allegedly involved in three previous criminal cases; Sachin (22), a resident of JJ Colony, who has two previous criminal cases against him; Md. Nadeem (31), a resident of Shiv Vihar, who is allegedly involved in one previous criminal case; and Sahil (19), a resident of Uttam Nagar, who also has one previous criminal case.

Police said the recovered items, including the cash, satta parchis, chakri and number charts, have been seized as evidence.

Further investigation is underway to identify other persons associated with the racket and to establish the full extent of the illegal gambling network operating in the area.

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