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ED Raids Richa Industries Promoters in ₹236-Crore Bank Fraud; Assets, Luxury Cars and Digital Evidence Seized

Gurugram | The Directorate of Enforcement (ED), Gurugram Zonal Office, has conducted extensive search operations on December 3 and 4, 2025, across Gurugram and Faridabad, targeting Richa Industries Limited (RIL), its promoters Sandeep Gupta, Manish Gupta, Sushil Gupta, and their associated group entities. The raids, conducted under the Prevention of Money Laundering Act (PMLA), 2002,…

French insect protein firm Ynsect goes under

French Ecology Minister Barbara Pompili visits the construction site of the ‘YNSECT’ factory, in January 2022. Photo: ANP (EPA/Christophe Petit-Tesson) French mealworm protein pioneer Ynsect has declared bankruptcy after years of financial struggle. The company, once hailed for its sustainability promise, fell short of funding needs. Ynsect now calls for the acquisition of assets to…

French insect protein firm Ynsect goes under

Early promise and funding Ynsect had a promising start, raising a total of $600 million of funds from, among others, the French investment bank BPIFrance, as well as receiving local incentives for the construction of a large insect processing plant in France. “Founded by scientists and environmental activists in 2011, Ynsect is pioneering a new…

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