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Probe Agency ED Summons I-PAC Director In Money Laundering Case
The Enforcement Directorate has summoned Rishi Raj Singh, a director of I-PAC, to appear for questioning on April 20 in a hawala-linked money laundering case. Earlier actions include ED raids on I-PAC premises in Bengaluru and the arrest of another director, with related ED investigations tied to a Delhi Police FIR and a coal scam probe. The ED alleges various financial irregularities amounting to about Rs 50 crore.
Why It Matters
The case involves political consultancy linked to major parties and allegations of money laundering and hawala transactions, highlighting ongoing scrutiny of political financing and associated enforcement actions.
Timeline
4 Events
April 19, 2026: ED summons I-PAC director Rishi Raj Singh for questioning on April 20
April 19, 2026
The ED has summoned Rishi Raj Singh, a director of I-PAC, to depose on April 20 at the ED office in Delhi in a money laundering case linked to hawala transactions; his statement will be recorded under the Prevention of Money Laundering Act (PMLA).
April 13, 2026: ED arrests Vinesh Chandel after questioning in Delhi
April 13, 2026
The ED arrested Vinesh Chandel in the case following his questioning in Delhi; he is currently in ED custody.
April 2, 2026: ED raids Rishi Raj Singh's Bengaluru premises
April 2, 2026
The Enforcement Directorate conducted a search at Rishi Raj Singh's Bengaluru premises as part of the money laundering probe stemming from hawala transactions and related fund movements involving I-PAC and its directors.
January 8, 2026: ED raids Jain's Kolkata premises and I-PAC office in coal scam case
January 8, 2026
The ED raided the premises of Pratik Jain and I-PAC's Kolkata office as part of the coal scam case linked to I-PAC. The agency's move is described as part of ongoing investigations into financial irregularities connected to the political consultancy and its directors, including Singh, Chandel and Jain.