10 November 2026 (मंगलवार) • Allegations are reported as allegations; court findings are reported as findings.
ED attaches Rs 10.63 crore properties in Kashmir PMEGP loan misuse case
Published: 10 November 2026 (action taken 9 November)
The Enforcement Directorate attached immovable properties worth Rs 10.63 crore under the PMLA in a case alleging misuse of the Prime Minister's Employment Generation Programme (PMEGP) in Kashmir.
According to the ED, PMEGP loans were availed through dummy borrowers using fake invoices of non-existent firms, in criminal conspiracy with officials of the Sumbal and Gamud Gadkhud branches of J&K Bank and private brokers, causing wrongful loss to the bank. The suspected proceeds were diverted through multiple bank accounts and partly used for construction, renovation and personal enrichment. The CBI and J&K Anti-Corruption Bureau registered predicate cases in June 2026.
Source: The Hindu
'Hashpe' crypto Ponzi scheme: ED arrests four promoters, Rs 112.91 crore mobilized
Published: 9 November 2026
The ED exposed an alleged Rs 112 crore cryptocurrency Ponzi scheme run through the 'Hashpe' platform. Promoters Imran Basha, Hitesh Kumar, Syed Usman alias Babu and Dhamodharan allegedly sold fictitious tokens (TCX and Hashpe) with no real value, using aggressive marketing, celebrity endorsements and a multi-level marketing network paying referral commissions to 'Leaders'.
Rs 112.91 crore was collected via bank transfers, cash and crypto; new investor money paid earlier participants and commissions, with a substantial portion allegedly diverted to personal expenses and asset acquisition. The scheme collapsed when withdrawals were blocked. Acting on an FIR by Puducherry Cyber Crime Police, the ED arrested the four promoters (now in judicial custody), filed a prosecution complaint and provisionally attached Rs 14.16 crore in assets - properties in Tamil Nadu, Haryana and New Delhi, a BMW car and bank balances.
Source: Lokmat Times (ANI)
Nordea fined DKK 155 million in Denmark's first bank money-laundering trial
Published: 9 November 2026
The Copenhagen City Court fined Nordea Danmark (branch of Finland's Nordea Bank Abp) DKK 155 million (about EUR 20.7 million) for breaches of Denmark's anti-money-laundering law, in the country's first criminal money-laundering trial of a bank. The court found Nordea disregarded warnings about transactions to Copenhagen currency-exchange offices and failed to review more than 200,000 mass-archived transaction alerts.
The case began with a 2016 referral by the Danish FSA (Finanstilsynet); charges were filed on 5 July 2024 after a renewed investigation. NSK special prosecutor Karen Moestrup Jensen noted Nordea was acquitted on substantial parts of the case and the fine is significantly lower than prosecutors sought; the prosecution will review the judgment and assess an appeal. The case was brought jointly by the National Unit for Special Crime (NSK) and the State Prosecutor for Serious Economic and International Crime.
Source: Danish Police / NSK official announcement