ED seizes ₹51.22 crore in micro loan scam
The Hindu
The case involves the alleged extortion of high interest rates against micro personal loans given via mobile apps
The Enforcement Directorate (ED) has seized over ₹51.22 crore lying in the bank and virtual accounts of PC Financial Services Private Limited (PCFS), taking the total seizure so far to ₹288 crore in a case involving the alleged extortion of high interest rates against micro personal loans given via mobile apps.
The agency, which has taken the latest action under the Foreign Exchange Management Act (FEMA), is already probing several Non-Banking Financial Companies (NBFC) and fintech firms under the Prevention of Money Laundering Act. They allegedly provided personal loans through mobile apps and threatened customers with high interest rates.
KPCC president criticizes LDF government in Kerala for inaction against drug menace, accusing complicity in narcotics trade.
Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) announced that the registration fee for all immovable assets, including houses, plots, and agricultural lands, valued up to ₹10 lakh, will be reduced by 1% when registered in the name of women.
Speeding truck crashes into level-crossing gate, gets hit by train in Maharashtra; no injuries, 6-hour service disruption.
Patrons upset with old coaches in new LHB rakes of Mangaluru-Mumbai Matsyagandha Express
Tamil Nadu government presents Budget for 2025-26 in lengthy speech by Finance Minister Thangam Thennarasu before upcoming elections.
‘Appu’, Puneeth Rajkumar’s debut as a hero, has had a re-release. The film, directed by Puri Jagannadh, was a blockbuster, completing 100 days at the box office
Tushar Gandhi refuses to apologize for calling RSS a "cancer to the soul of the nation" in Kerala event.
Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) announced plans to notify Dhanushkodi as a Greater Flamingo Sanctuary.
Tamil Nadu Finance Minister announces ₹500 crore Tamil Nadu Semiconductor Mission-2030, boosting electronics exports and industrial growth.
Telangana Human Rights Commission investigates complaint about dire conditions at Gandhi Hospital in Hyderabad
Tamil Nadu Finance Minister Thangam Thennarasu on Friday (March 14, 2025) announced that a state-of-the-art Chennai Science Centre will be established in collaboration with the Singapore Science Centre to foster scientific thinking among students, at a cost of ₹100 crore.
Demolition of Chander Kunj Army Towers in Kochi, Kerala, worth ₹150 crore may take 9-10 months.
South Central Railway and NDRF conduct mock drill at Bolarum station to enhance emergency response efficiency.