The Enforcement Directorate (ED) has intensified its crackdown on financial crimes in India, resulting in multiple arrests and investigations. Notably, two individuals, Vasudev Bagchi and his son Abhik Bagchi, were arrested in connection with the Prayag chit fund scam. The ED is also investigating a significant bank fraud case involving Kwality Limited, conducting raids at 12 locations associated with the company. Additionally, the agency has arrested two importers in a separate case involving illegal foreign remittances amounting to ₹4,817 crore linked to forged invoices. In another development, the ED has filed a chargesheet against IFS officer Niharika Singh and her husband Ajit in a money laundering case. The ED has conducted searches in Delhi and surrounding areas, recovering various incriminating documents during these operations, which are part of a broader investigation into money laundering activities under the Prevention of Money Laundering Act.