The Enforcement Directorate arrested Karuturi Venkateshwara Rao on June 2 in a ₹899 crore ($108M USD) bank fraud case that allegedly ran for fifteen years inside the books of a Bengaluru cable company. The machine was not the cable. It was the paperwork.
The Enforcement Directorate attached 14 properties of Gian Sagar Educational and Charitable Trust this week, valued at ₹1,596 crore ($191M USD). The trust treated patients. The money, the ED alleges, came from a farmland Ponzi that ate ₹48,000 crore from people who thought they were buying soil.
The Enforcement Directorate arrested Nowhera Shaik's personal assistant on June 3, 2026, in a case that ran a faith label over a Ponzi engine. Roughly 172,000 investors were promised up to 36 percent. The returns, the agency alleges, were never paid.
For four months in 2022, a Telegram-promoted app called Global Media paid Indians small amounts to watch advertisements. Then it disappeared with roughly ₹45.33 crore (about $5.4M USD), and the people running it had Cambodian and Malaysian phone numbers.