US EditionED Arrests Two People in Money-Laundering Probe Against Sahara Group — Details Here
INDIA, JUL 13 – Two Sahara Group officials were arrested for facilitating clandestine property sales and laundering proceeds from a Ponzi scheme with over 500 FIRs, the Enforcement Directorate said.
- On July 13, 2025, the Enforcement Directorate apprehended two individuals in Kolkata who were involved in a money-laundering investigation linked to the Sahara Group.
- This arrest followed over 500 FIRs filed by multiple state police departments, including Odisha, Bihar, and Rajasthan, alleging a Ponzi scheme involving Sahara entities.
- Abraham coordinated sales of Sahara properties while Verma executed transactions funneling large unaccounted cash, contributing to concealment of criminal proceeds from partial cash sales denying depositors' claims.
- Earlier in 2025, the ED attached 707 acres in Maharashtra worth ₹1,460 crore and 1,023 acres in Sahara Prime City valued at ₹1,538 crore, citing incriminating evidence from recent searches.
- The arrests and asset seizures imply ongoing clandestine disposal of Sahara properties and the group's unregulated financial operations, posing legal and financial risks to depositors and authorities.
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13 Articles
Police have arrested four people on suspicion of committing abuse of trust in carrying out business activities, money laundering and multiple criminal acts of tax evasion from July 2020 to June last year, the Ministry of Internal Affairs (MUP) announced today.
ED arrests two people in money-laundering probe against Sahara Group — Details here
The Enforcement Directorate arrested two people who allegedly played a ‘key role’ in siphoning money and disposing of properties, among other things, the agency found in its investigations. The two were presented in front of a local court and are currently under legal custody until 14 July 2025.
Agreeing to Hold Suspect Property Could Make You an Accomplice, RIB Warns
Kigali - The Rwanda Investigation Bureau (RIB) has issued a stern warning to the public: agreeing to hold property or money on behalf of someone else—especially when the source of those assets is unclear—could lead to prosecution as an accomplice in a financial crime. The reminder follows the arr
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