ED arrests Sandeepa Virk, 'cosmetologist' for alleged money laundering
New Delhi, Aug 13 (PTI): The Enforcement Directorate said on Wednesday it has arrested a woman, who claims to be an actor and a cosmetologist, under the anti-money laundering law in a case of alleged fraud and misrepresentation.
The agency said the purported links of the woman, Sandeepa Virk, with a Reliance Group executive, Angarai Natarajan Sethuraman (President, Corporate Affairs), are also under its scanner. Sethuraman, in a statement, denied any connection with Virk or any transactions related to her.
Virk was taken into custody under the Prevention of Money Laundering Act (PMLA) on Tuesday after searches were conducted against her and her associates in Delhi and Mumbai over the last two days.
A special court sent her to the ED's custody till August 14, the agency said. The woman claims to be the owner of a skin care products selling website named hyboocare.com, which the ED claimed was a "front" for money laundering.
She and her associates are being probed for allegedly exerting undue influence through "misrepresentation" and "defrauding" individuals by soliciting money under false pretences.
According to an Instagram ID of Virk, she is an actor and entrepreneur and the founder of the said website.
The federal agency said in a statement that the woman was also "in touch with" Sethuraman, former director of erstwhile Reliance Capital Limited.
She was communicating with him regarding "illegal liaisoning", the ED claimed, adding that the searches at Sethuraman's residence "confirmed" these allegations.
"Besides, diversion of funds for personal benefit has also been unearthed during the course of the search action," it said.
The ED alleged that public money worth about Rs 18 crore belonging to Reliance Commercial Finance Limited (RCFL) was disbursed to Sethuraman in 2018 by "flouting" prudent lending norms.
The funds were lent under terms that allowed a deferment of the principal amount as well as the interest, with multiple waivers granted and no due diligence conducted, it said.
The ED claimed that besides this, a home loan of Rs 22 crore was provided by Reliance Capital Limited by "violating" the prudential norms. "A large part of these loans are seen to have been eventually siphoned off and remained unpaid," it alleged.
Sethuraman, in a statement, dismissed the allegations as "baseless". He denied any connection with Virk or any transactions related to her.
Detailing about Virk's web portal, the agency said it purportedly sold FDA-approved beauty products. However, the ED said the products listed on the website have been found to be non-existent and the portal lacks a user registration option and is plagued by persistent payment gateway issues.
A scrutiny of the website uncovered minimal social-media engagement, an inactive WhatsApp contact number and an absence of transparent organisational details, all of which reinforce the finding of "non-genuine" commercial activity, the ED claimed.
"These factors, including limited product range, inflated pricing, false claims of FDA approval and technical inconsistencies, indicate that the website serves as a front for laundering funds," it said.
Another social media-hosted bio data of the woman said she is a certified cosmetologist.
The ED said several "incriminating" documents were seized during the searches and the statement of a man named Farrukh Ali, stated to be an associate of Virk, was recorded.
The money-laundering case stems from an FIR lodged by the Punjab Police.
Sethuraman said that the home loan he received from Reliance Capital was granted following due process and was secured by the property offered as collateral.
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Tribal man brings dead sister's skeleton to bank to withdraw money from her account
Keonjhar (PTI): A tribal man in Odisha's Keonjhar district on Monday brought the skeleton of his dead sister to a bank to withdraw the money deposited in her name, police said.
The incident occurred at Maliposi branch of Odisha Grameen Bank located at Patana block of Keonjhar district. The man was identified as Jeetu Munda (50) of Dianali village. He was seeking to withdraw Rs 20,000 from the bank account of his elder sister, Kalra Munda (56), who died on January 26, 2026.
"I have run several times to the bank, and the people there told me to bring the account holder to withdraw money deposited in her name. Though I told them that she had died, they did not listen to me and insisted on bringing her to the bank. Therefore, out of frustration, I dug the grave and brought out her skeleton as proof of her death," an illiterate Jeetu Munda told reporters.
Patana Police Station Inspector in charge (IIC) Kiran Prasad Sahu, who reached the bank after getting information, said, "Jeetu is an illiterate tribal man. He does not know what the legal heir or nominee is. The bank officials have failed to make him understand the procedure to withdraw money from the dead person's account."
However, after the incident, the police assured Jeetu Munda that they would facilitate the withdrawal of money from the bank account of his dead sister. Later, the skeleton was again buried at the graveyard in presence of police.
Meanwhile, local Block Development Officer (BDO) Manas Dandpat said that he was not approached by anyone for the legal heir of late Kalra Munda. "Today only, I came to know about it. We will see what can be done to resolve the issue," the BDO said.
Meanwhile, bank sources said that the nominee in Kalra Munda's bank account was also dead. Therefore, Jeetu Munda was the lone claimant over the money deposited in her name.
The local administration has directed the bank officers to make arrangements and ensure that Jeetu Munda, who is the only claimant as per the rules, gets the money as soon as possible.
