Archive · 6 Dec 2025
Money Laundering Cases in India
In India, several high-profile money laundering cases have been making headlines.
Former NCP MLA Ramesh Kadam and nine others have been charged with stealing Rs 313 crore from a government organization meant to help poor people.
The court says Kadam used his position to take money for himself and his friends, buying property and businesses with it.
In another case, the Gupta family, promoters of Richa Industries, is accused of siphoning off Rs 236 crore from their company and influencing the insolvency process.
The Enforcement Directorate has seized cash and frozen bank accounts linked to this case.
Additionally, retired IAS officer Pradeep Sharma has been sentenced to five years in prison for misusing his position to grant government land to a private company at concessional rates.
These cases highlight serious issues of corruption and financial misconduct in India.
Charges framed against former NCP MLA Ramesh Kadam and nine others in a money laundering case involving Rs 313 crore.
The Gupta family accused of siphoning off Rs 236 crore from Richa Industries and influencing the insolvency process.
Enforcement Directorate seizes cash and freezes bank accounts linked to the Richa Industries fraud case.
Retired IAS officer Pradeep Sharma sentenced to five years' imprisonment for money laundering and misusing official position.
Sharma's properties seized and confiscated by the Central government as part of the investigation.
- Who
- Former NCP MLA Ramesh Kadam, the Gupta family (Sandeep, Manish, Sushil, and Shweta Gupta), and retired IAS officer Pradeep Sharma
- What
- Framing of charges and sentencing in multiple money laundering cases
- When
- Charges framed and sentences delivered in recent months
- Where
- Mumbai, Gurugram, Faridabad, and Ahmedabad, India
- Why
- Alleged misappropriation of funds, criminal conspiracy, and misuse of official positions
- Accused in Kadam Case
- Ramesh Kadam and nine others
- Amount Involved in Kadam Case
- Rs 313 crore
- Organization Involved in Kadam Case
- Sahityaratna Lokshahir Annabhau Sathe Development Corporation (SLASDC)
- Charges Framed Under in Kadam Case
- Prevention of Money Laundering Act
- Judge in Kadam Case
- Special Judge Satyanarayan Navander
- Plea in Kadam Case
- Not guilty
- Period of Alleged Misappropriation in Kadam Case
- 2012 to 2014
- Accused in Richa Industries Case
- Sandeep Gupta, Manish Gupta, Sushil Gupta, and Shweta Gupta
- Amount Involved in Richa Industries Case
- Rs 236 crore
- Organization Involved in Richa Industries Case
- Richa Industries Ltd (RIL)
- Charges Framed Under in Richa Industries Case
- Prevention of Money Laundering Act (PMLA)
- Accused in Sharma Case
- Pradeep Sharma
- Amount Involved in Sharma Case
- ₹1.20 crore
- Organization Involved in Sharma Case
- Welspun India Limited
- Charges Framed Under in Sharma Case
- Prevention of Money Laundering Act (PMLA)
- Sentence in Sharma Case
- 5 years' imprisonment and a fine of ₹50,000
