Go Unlimited with Magzter GOLD
Get unlimited access to 10,000+ magazines, newspapers and Premium stories for just
Try GOLD - Free
CA used new deposits to repay investors: ED
Hindustan Times Navi Mumbai
|January 29, 2025
ED HAS IDENTIFIED THE ENTIRE AMOUNT RAISED BY DALAL'S FIRM FROM INVESTORS, ₹564 CRORE, AS PROCEEDS OF CRIME
MUMBAI: The Enforcement Directorate (ED) has submitted its charge sheet against Amber Dalal, owner of Ritz Consultancy Services, who allegedly defrauded investors of ₹564 crore through his company by running a Ponzi scheme and using new investments to pay returns to earlier investors. The accused is presently in judicial custody.
ED initiated its investigation based on a First Information Report (FIR) registered by the Oshiwara police station, on March 15, 2024, which was later transferred to the Economic Offences Wing (EOW) of the Mumbai police.
This story is from the January 29, 2025 edition of Hindustan Times Navi Mumbai.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM Hindustan Times Navi Mumbai
Hindustan Times Navi Mumbai
{ INSPECTOR CLOUSEAU? } Louvre sends jewels to Bank of France. Mystery man photo sparks buzz
PARIS: The Louvre has transferred some of its most precious jewels to the Bank of France, according to French radio RTL, after an audacious daylight heist last week exposed the famed museum's security vulnerability, Reuters reported.
1 mins
October 26, 2025
Hindustan Times Navi Mumbai
India focus on lineup for semis
Having drawn Australia in semis, the co-hosts still appear to be deciding on their best side
3 mins
October 26, 2025
Hindustan Times Navi Mumbai
Ireland set to get new prez
Left-wing independent Catherine Connolly is set to become Ireland's next president after her rival conceded defeat in a presidential election Saturday.
1 min
October 26, 2025
Hindustan Times Navi Mumbai
Don’t blame women for the violence they suffer
West Bengal chief minister Mamata Banerjee’s remark in the context of the rape of a medical student in her state, that the latter shouldn't have been out so late at night, is worrying.
2 mins
October 26, 2025
Hindustan Times Navi Mumbai
Pak threatens Afghanistan with ‘open war’ if talks fail
Pakistan's defence minister said on Saturday he believes Afghanistan wants peace but that failure to reach an agreement during talks in Istanbul would mean “open war,” days after both sides agreed to’a ceasefire following deadly border clashes, Reuters reported.
2 mins
October 26, 2025
Hindustan Times Navi Mumbai
Mr Marco and Ms Deb, solving crimes in Kolkata
We don’t normally think of foreign secretaries as authors of detective fiction.
3 mins
October 26, 2025
Hindustan Times Navi Mumbai
ALANA'S 7/18 SETS UP WIN FOR AUSTRALIA VS SOUTH AFRICA
Leg-spinner Alana King’s spellbinding wizardry formed the cornerstone of Australia’s seven-wicket triumph over South Africa as the defending champions concluded the Women’s World Cup league stage firmly on top of the table here on Saturday.
1 min
October 26, 2025
Hindustan Times Navi Mumbai
Exit from greylist doesn’t mean terror isn’t funded: FATF to Pak
The Financial Action Task Force (FATF), the global terror funding watchdog, has warned Pakistan that its removal from the ‘greylist’ in October 2022 doesn’t make it immune to money laundering and terrorist financing.
1 min
October 26, 2025
Hindustan Times Navi Mumbai
A numbers game
It’s thrilling to see showrunners in their 50s writing messy heroines who still prevail. Heaven knows, we've waited long enough
2 mins
October 26, 2025
Hindustan Times Navi Mumbai
Kurnool bus hit bike after the two-wheeler met with accident
Investigation into the horrific bus fire on NH-44 near Andhra Pradesh’s Kurnool town that claimed 19 lives early on Friday, police investigation has revealed that the bus did not hit a moving motorcycle, but run over the bike lying on the highway after a road accident.
2 mins
October 26, 2025
Listen
Translate
Change font size