ED chief flags AI data leak risk, orders probe into insolvency ‘haircuts’

NEW DELHI: The Enforcement Directorate (ED) is set to re-examine a string of insolvency resolution cases involving suspiciously large “haircuts” through which promoters buy back their own stripped assets at a discount.

The federal probing agency director warned officers that even offline use of Artificial Intelligence tools can leak sensitive case data, and said agencies should now share information more freely with each other instead of only on a need-to-know basis.