The Enforcement Directorate (ED) has arrested three individuals, including a US resident, a resident of Vanuatu, and an Indian, as part of a money laundering investigation related to an alleged IPO scam in Hyderabad, India. The case stems from a complaint filed by the Securities and Exchange Board of India (SEBI) against Taksheel Solutions Limited, its promoters, directors, and others for irregularities in an IPO that raised INR 80.50 crore (approximately $11 million). The arrested individuals are accused of inflating the company’s revenue before the IPO and diverting and siphoning off the IPO proceeds. The funds were allegedly rotated through US-based entities, Singapore, and Hong Kong-based entities, and transferred to various individuals and entities for various purposes, including IPO-related expenses. The investigation is ongoing.
, an independent military force, and allied militias in Sudan raped several dozen women and girls in West Darfur’s capital, El Geneina, and those fleeing to Chad between late April and late June 2023, Human Rights Watch said today. The assailants appear to have targeted people because of their Massalit ethnicity and, in some cases, because they were known activists.){kind=link}
