Punjab Chief Minister Bhagwant Mann condemned Enforcement Directorate raids targeting AAP leaders, including minister and MLA Sanjeev Arora. Mann alleged the BJP is misusing central agencies to go after political opponents and said the raids are repeated. He also framed the action as part of a broader effort to pressure Punjab and AAP ahead of political milestones.
Startup and business news collided on 8 May 2026. Zepto secured SEBI approval for its $1.2 billion IPO, moving it closer to a landmark quick commerce listing. The ED arrested all three Gameskraft co-founders in a money laundering case tied to real-money gaming platforms. Swiggy also posted Q4 results with its loss narrowing 26% to ₹800 crore on 45% revenue growth.
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Seven Aam Aadmi Party Rajya Sabha members have resigned, intensifying internal turmoil as Swati Maliwal alleges corruption and harassment and Raghav Chadha faces a sharp fall from favour. Ashok Mittal quit after ED raids, while Sanjay Singh blamed BJP’s “Operation Lotus.” With assembly polls looming in Punjab, Gujarat and Goa, the shake-up threatens AAP’s stability and campaign momentum.
The Enforcement Directorate carried out searches on 12 premises across Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura in a money laundering probe linked to a municipal fraud case. The action follows an FIR by the ACB, Panchkula, alleging a conspiracy to embezzle about ₹145 crore from civic body accounts, with ED examining related financial trails.
In a major jolt to Arvind Kejriwal’s AAP, Rajya Sabha MPs Raghav Chadha, Ashok Mittal and Sandeep Pathak quit the party and joined the BJP. The switch follows weeks after a leadership reshuffle, when Mittal replaced Chadha in Rajya Sabha. The development comes amid recent high-stakes political heat, including ED raids that had already intensified scrutiny.
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