State vs Punit Garg — Rs 40,000 crore money laundering case

CBI chargesheeted 33 accused in a cyber fraud case involving a Delhi executive defrauded of Rs 50 lakh. The scheme used fake 'digital arrest' claims to extort money. The accused include proprietors of dummy firms, technical handlers, and money mules who routed funds.

The CBI filed a chargesheet naming 33 accused in a cyber fraud case involving a digital arrest scam. Fraudsters allegedly used a deceptive domain to convince victims they were under investigation and extorted money under the guise of 'digital arrest'. The chargesheet includes proprietors of dummy firms, technical handlers, and financial mules involved in siphoning cheated funds.

CBI arrested IAS officer Pankaj Agarwal in connection with an alleged Rs 657-crore fraud involving IDFC First Bank. Chargesheets have been filed against five bankers, one CSCL official, and one private individual. The case involves suspected financial misconduct at multiple levels.

Nirav Modi and his uncle Mehul Choksi are accused of orchestrating a massive fraud at Punjab National Bank's Brady House Branch in Mumbai by allegedly obtaining fraudulent Letters of Undertaking (LoUs) without following due process, causing losses estimated between ₹13,000–14,500 crore to the bank. The CBI registered an FIR and has filed multiple chargesheets before a Special CBI Court in Mumbai — the ED has conducted parallel PMLA proceedings and attached assets worth over ₹18,000 crore. Both primary accused remain at large outside India: Nirav Modi is held in UK custody pending extradition, and Mehul Choksi was arrested in Belgium in 2025 with an Antwerp appellate court having cleared his extradition to India. The domestic trial before the Special CBI Court in Mumbai is ongoing, with supplementary chargesheets continuing to be filed as recently as March 2025.

Multi-crore Punjab and Maharashtra Cooperative (PMC) Bank fraud involving Housing Development and Infrastructure Limited (HDIL) promoters Rakesh Wadhawan and Sarang Wadhawan. The bank had loaned approximately 70% of its deposits to HDIL in violation of RBI guidelines, resulting in massive loan defaults. Accused face charges under IPC sections and the Prevention of Money Laundering Act. The case involves parallel investigations by Mumbai Police Economic Offences Wing and Enforcement Directorate.

The Punjab and Maharashtra Co-operative (PMC) Bank was placed under an RBI administrator in September 2019 after it was found to have massively under-reported non-performing loans worth over Rs 6,700 crore extended to Housing Development and Infrastructure Ltd (HDIL), constituting approximately 73% of the bank's total advances. The Economic Offences Wing (EOW) of Mumbai Police arrested HDIL promoters Rakesh Wadhawan and Sarang Wadhawan, booking them under multiple IPC sections — the Enforcement Directorate subsequently filed a money laundering case against them under the Prevention of Money Laundering Act (PMLA). As of April 2024, the Bombay High Court granted bail to both Rakesh and Sarang Wadhawan, while criminal trial proceedings and ED/PMLA matters remain active before courts in Maharashtra. Both the accused are presumed innocent unless and until convicted by a competent court.