Shell Companies Money Laundering
PMLA ViolationsDec 2025 CBI Charge-sheet: 111 shell companies unearthed in a ₹1,000 Cr transnational cyber-fraud network. One account alone received ₹152 Cr in months.
Black Money Swiss Bank Scandals
Offshore AssetsGovt update (July 2025): Indian funds in Swiss banks rose to ₹37,600 Cr in 2024. Over ₹35,105 Cr in penalty demands raised under BMA Act till March 2025.
Hawala Racket Scams
Shadow BankingDec 2025: Delhi HC rules profits from illegal cricket betting and international hawala channels can be attached as 'Proceeds of Crime' under PMLA.
GST Fake Invoice Scam
ITC FraudNov 2025: Chennai CGST busts inter-state racket involving 93 bank accounts; ₹350 Cr estimated evasion via non-existent companies.
PAN–Aadhaar Misuse Scams
Identity TheftOct 2025: Pan-India fraudster arrested in Goa for ₹2.8 Cr extortion; used fake PAN/Aadhaar links to "Digital Arrest" victims under the guise of ED.
Income Tax Refund Fraud
IRS ImpersonationDec 2025: CBDT launches "Nudge Initiative" to review ineligible refund claims. IRS issues "Dirty Dozen" warning on false Fuel Tax Credit claims.
Customs Duty Evasion
Import FraudDec 2025: Bengaluru Airport issues High Alert as imposters pose as Customs officials to extort payments into personal bank accounts.
Fake Export–Import Bills Scam
Trade-based MLJan 2025: ED uncovers ₹4,978 Cr siphoned abroad using overvalued goods (5000x value) and circular SEZ trades in Mundra/Kandla.
NSE Insider Trading Scam
Market IntegrityAug 2025: NSE reaches ₹40 Cr settlement with SEBI over sensitive data sharing with third-party vendors, facilitating potential insider gain.
SEBI Market Manipulation
Regulatory ActionOct 2025: Jane Street group alleged to have engaged in ₹4,843 Cr intraday index manipulation. Adani Green insider trading orders issued in Dec 2025.