ALEXANDRIA, La. — Tuesday, June 30, 2026 — Oakdale Subway owner Chandrakant Patel pleaded guilty in federal court to conspiracy to commit visa fraud and money laundering in a Louisiana U-Visa fraud scheme involving fabricated police reports, federal prosecutors said. Patel, 40, entered his plea on Friday, May 29, 2026, in the U.S. District Court for the Western District of Louisiana. Prosecutors said the scheme operated from December 2015 through July 2025. Lo

The U.S. Department of Justice is reportedly investigating how Iranian Supreme Leader Mojtaba Khamenei built a global investment portfolio with exposure to Wall Street banks, according to a Bloomberg News report published Thursday, June 18, 2026. Bloomberg cited officials familiar with the matter. The Justice Department had not publicly commented on the reported investigation when Reuters published its account. Mojtaba Khamenei Transactions Under Reported DOJ Review The investigation is reportedly part of a broader examination of allegations involving money laundering and corruption. Investigators are reviewing transactions involving companies overseen by Khamenei and examining the role U.S. financial institutions may have played in processing them, according to the report. JPMorgan Chase and Citigroup are among the banks reportedly under review. The report did not establish that either bank had violated U.S. law. JPMorgan, Citigroup and DOJ Responses Reuters said Citigroup declined to comment on the report. JPMorgan Chase and the Justice Department did not immediately respond to Reuters’ requests for comment when the story was published. The existence of an investigation does not mean criminal charges will be filed. Bloomberg reported that Khamenei, rather than the banks, was the primary focus of the inquiry. Why the Report Matters As Iran’s supreme leader, Khamenei has final authority over major matters of state, including the country’s foreign policy and nuclear program. The reported investigation could attract further scrutiny of financial transactions connected to Iranian political networks and their potential exposure to U.S. institutions. However, the inquiry remains at the investigative stage. No charges or findings of wrongdoing were announced in the report. Related: Mojtaba Khamenei Approves US-Iran Agreement as Swiss Talks Advance

Pakistan’s FATF grey-lit history has returned to attention following India’s election to the vice-presidency of the global financial-crime watchdog. Read more about India’s first election to the FATF vice-presidency and why the appointment matters. India’s new leadership position gives New Delhi greater visibility i

What is FATF, and why can its decisions affect governments, banks and investors worldwide? The Financial Action Task Force is the leading international body that sets standards for combating money laundering, terrorist financing and the financing of weapons proliferation. The organisation has received renewed attention after India was elected FAT

India has been elected FATF vice-president for the first time, placing senior official Vivek Aggarwal in a key leadership role at the global body that sets standards against money laundering, terrorist financing and proliferation financing. The Financial Action Task Force announced the appointment after its plenary meeting in Paris on Friday, June 19, 2026. Aggarwal, a 1994-batch Indian Administrative Service officer and secretary in India’s Ministry of Culture, will serve from Ju

ED Conducts Raids on Pinarayi Vijayan and Family On May 27, 2026, the Enforcement Directorate (ED) conducted searches at ten locations across Kerala, including the residence of former Chief Minister Pinarayi Vijayan, as part of a money laundering investigation connected to the Cochin Minerals and Rutile Limited (CMRL) case. The raids also targeted Exalogic Solutions Pvt Ltd, a company owned by Vijayan’s

A $12.5M U.S. Treasury check fraud case in New Jersey has led to a major arrest after an IRS alert exposed a suspected bank fraud scheme. Authorities say a 70-year-old Palisades Park man attempted to deposit a multimillion-dollar Treasury check using forged corporate identities. IRS Alert Uncovers Fraud Attempt The Internal Revenue Service

A county judge in Texas has been found guilty on two counts of money laundering, marking a major development in a high-profile campaign finance case. KP George, the first Indian-origin judge in Fort Bend County, was convicted of third-degree felony charges and now faces up to 10 years in prison. He is expected to be removed from office following his sentencing. The case traces back to financial activities between 2019 and 2022, when George was actively raising and managing campaign

In a major turn of events in the Delhi Excise Policy scam case, the Delhi High Court has issued notices to all 23 accused, including Telangana Jagruthi leader Kavitha, former Delhi CM Arvind Kejriwal, and former Deputy CM Manish Sisodia. This development follows the trial court's decision to discharge all the accused on February 27, 2025. The High Court’s action came after the Central Bureau of Investigation (CBI) filed an appeal, challenging the trial court's discharge order. Sol

The Tirumala Laddu adulteration case, a scandal that has rocked the religious and culinary world, has reached the highest legal corridors with the Supreme Court intervening and ordering a Central Bureau of Investigation (CBI)-led Special Investigation Team (SIT). The case has stirred a hornet’s nest due to the large-scale adulteration of the famous sacred laddus with harmful substances, undermining its spiritual significance. Now, the Enforcement Directorate (ED) is reportedly stepping into

Belgium’s Supreme Court has dismissed an appeal filed by fugitive businessman Mehul Choksi, marking a critical step forward in India’s long-running efforts to secure his extradition in connection with the Punjab National Bank fraud. The ruling, delivered on Tuesday by the Court of Cassation, upheld the earlier order of the Antwerp Court of Appeal, which had declared India’s extradition request lawful and enforceable. With this decision, Choksi’s attempt to overturn one of the final le

Prime Minister Narendra Modi has endorsed the newly passed Online Gaming Bill, calling it a landmark step to safeguard society from the dangers of online money games while opening doors for India’s esports sector. The Bill, passed by both Houses of Parliament, bans the operation, facilitation, and promotion of online money games that fuel addiction, fraud, and money laundering. At the same time, it distinguishes between skill-based activities like esport

The Enforcement Directorate (ED) has arrested Instagram influencer and self-proclaimed entrepreneur Sandeepa Virk in connection with a ₹40-crore money laundering case that has rocked both the entertainment and corporate sectors. Virk, who boasts over 1.2 million followers on Instagram, is accused of using a fake e-commerce business, hyboocare.com, as a front to launder illicit funds. The website, which claimed to sell FDA-approved beauty products, reportedly

The Enforcement Directorate (ED) has launched extensive raids across Mumbai and Delhi as part of a high-stakes money laundering investigation into a loan fraud case worth approximately Rs 3,000 crore. The raids are targeting 50 companies, including those linked to Anil Ambani's group, and involve about 25 individuals connected to the controversial transactions. The investigation stems from suspected illegal loan diversion, with particular focus on loans ap

A viral video of Lalit Modi and Vijay Mallya singing Frank Sinatra’s iconic song "I Did It My Way" together at a lavish London party has sparked both curiosity and criticism. Hosted by Modi, the extravagant celebration attracted over 310 guests, including friends and family from across the globe. Among the attendees was former Royal Challengers Bengaluru cricketer Chris Gayle, who shared an Instagram story featuring a photograph with Modi and M

The Enforcement Directorate (ED) has alleged that Congress leaders Sonia Gandhi and Rahul Gandhi were direct beneficiaries of ₹142 crore in proceeds of crime linked to the ongoing National Herald case. The explosive claim was made during preliminary arguments before Special Judge Vishal Gogne at Delhi’s Rouse Avenue Court on Wednesday, intensifying one of the most politically sensitive legal battles in recent times. The probe agency informed the court that the allegations es

The Andhra Pradesh liquor scam probe has taken a significant turn with another high-profile arrest made by the Special Investigation Team (SIT), deepening the political and financial implications of the case. After the recent apprehension of Raj Kasireddy, a known associate of former Chief Minister YS Jagan Mohan Reddy, the SIT has now arrested Govindappa Balaji, the director of Bharathi Cements. His alleged involvement in the money laundering aspect of the scandal has pushed the case into a mor

In a troubling incident highlighting the rise of cyber crime in India, a 44-year-old IT employee from Hyderabad was the target of an elaborate scam where he was held under "digital arrest" for almost 30 hours. The ordeal began in the early hours of October 26 when the victim received threatening messages claiming his mobile number and Aadhar ID were linked to a money laundering case filed in Mumbai. Despite initially ignoring the text messages, the situation escalated when