Trends
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A holiday that never existed: how Pancard Clubs took ₹9,577 crore from 51 lakh people, paid the agents almost as much as it paid the investors, and left the state attaching resorts a decade after it was ordered to refund
On 1 October 2026 the Enforcement Directorate’s Mumbai Zonal Office-I announced that it had provisionally attached 211 immovable properties worth…
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Pancard Clubs: ₹9,577 Crore Collected, ₹4,387 Crore Identified as Proceeds of Crime, 51 Lakh Investors — Yet Only ₹700.89 Crore Attached
There are businesses that sell hotel rooms. There are businesses that sell holiday memberships. And then there are business models…
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Electrotherm’s ₹81.97-Crore Shadow: ED Attaches ₹43.65 Crore as an Old Bank-Fraud Trail Tightens Its Grip
There is a peculiar irony in the Electrotherm story. The company can point to thousands of crores of turnover, a…
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₹631 crore walked out. ED came back with ₹81.97 crore — and the Bhandaris are still in the chair.
The Enforcement Directorate has finally put a number on a 12-year-old hole in a public-sector bank’s books. The number is…
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WHY RAVINDER TANEJA, CHAIRPERSON OF TDI GROUP, MUST FACE IMMEDIATE CUSTODIAL SCRUTINY
There are builder disputes. Then there are builder empires whose troubles become so extensive that the words “delay”, “approval”, “possession”,…
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Seize the passport. Cuff Ravinder Taneja. India has already watched this movie, and the builder always gets the aisle seat.
He is chairperson of the TDI group and managing director of TDI Infratech Ltd and TDI Infrastructure Ltd. On 28…
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Is Kabul Chawla Going To Sue the RBI and the ED for Defaming Him and Extorting Rs 4.84 Crore?
He has already tried the theory on a journalist. The regulator and the agency have now put out the same…
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Is Kabul Chawla Going To Sue RBI & ED To Defame Him & Extort ₹4.84 Crores?
There is a curious twist in the continuing BPTP–Inventiva controversy. Inventiva has been reporting on BPTP, Kabul Chawla and Sudhanshu…
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Eighteen years, Rs 537.50 crore, and a personal bill of Rs 40.36 lakh: Kabul Chawla and Sudhanshu Tripathi buy a receipt, not a clean chit
The cheque is real. The clean chit is not. On 17 September 2026 the Reserve Bank of India compounded one…
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BPTP, Kabul Chawla & Sudhanshu Tripathi: ₹537.50 Crore FEMA Contravention, ED Search, Foreign-Asset Questions and a ₹4.84 Crore Compounding Order — The Questions the Glossy Realty Story Cannot Hide
A ₹4.84 crore payment can make for a neat headline. It can even be dressed up as routine regulatory compliance.…
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