Archive · 12 Jan 2026
ED Arrests Imposter in Rs 5,978 Crore Fraud Case
The Enforcement Directorate (ED) in Hyderabad has arrested a man named Kalyan Banerjee for pretending to be someone important and threatening ED officers.
He was hired by Nowhera Shaik, who is accused of a big fraud where she collected over Rs 5,978 crore from people promising high returns but didn't give back the money.
The ED has attached properties worth Rs 428 crore and is trying to auction them to return the money to the victims.
Shaik tried to stop the auction through courts and by hiring Banerjee to threaten the ED officers.
Banerjee was caught and admitted to his actions.
He will be in judicial custody until January 23, 2026.
The ED arrested Kalyan Banerjee for threatening officials and interfering in a Rs 5,978 crore fraud case involving Nowhera Shaik.
Shaik collected over Rs 5,978 crore from investors promising high returns but failed to return even the principal amount.
The ED attached properties worth Rs 428 crore and obtained Supreme Court approval to auction them to restitute victims.
Banerjee was hired by Shaik to threaten ED officers and stall the auction process, but he was caught and admitted to his actions.
Banerjee was produced in court on January 11, 2026, and remanded to judicial custody until January 23, 2026.
- Who
- Kalyan Banerjee, an imposter, and Nowhera Shaik, the primary accused in the fraud case.
- What
- Banerjee was arrested for threatening ED officials and trying to interfere in the investigation of a Rs 5,978 crore fraud case.
- When
- Banerjee was arrested on January 10, 2026, and produced in court on January 11, 2026.
- Where
- The case is being investigated by the Hyderabad zonal unit of the Enforcement Directorate (ED).
- Why
- Banerjee was hired by Nowhera Shaik to threaten ED officials and stall the auction of properties attached in the fraud case.
- Total Amount Collected
- Rs 5,978 crore
- Amount Attached by ED
- Rs 428 crore
- Cost Imposed on Nowhera Shaik
- Rs 5 crore
- Arrest Date
- January 10, 2026
- Court Remand Duration
- Till January 23, 2026
- Primary Accused
- Nowhera Shaik
- Arrested Imposter
- Kalyan Banerjee
- Act Used for Arrest
- Prevention of Money Laundering Act (PMLA), 2002
