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PMLA Case
The Enforcement Directorate has attached fresh assets worth Rs 1,120 crore as part of its money laundering probe against the companies of Reliance Group chairman Anil Ambani, officials said. Eighteen properties, including the Reliance Centre in Mumbai's Ballard Estate, fixed deposits, bank balance and shareholding in unqouted investments of Reliance Anil Ambani Group have been provisionally attached under the Prevention of Money Laundering Act (PMLA), they said. Another set of seven properties of Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, nine properties of Reliance Value Service Private Ltd, fixed deposits in the name of Reliance Value Service Private Ltd, Reliance Venture Asset Management Private Lt, Phi Management Solutions Private Ltd, Adhar Property Consultancy Pvt Ltd, Gamesa Investment Management Private Ltd and investments made in unquoted investment by Reliance Venture Asset Management Private Ltd and Phi Management Solutions Private Ltd have also bee
The Enforcement Directorate on Friday said it has made a fresh and the third arrest in connection with a money laundering probe against businessman Anil Ambani's group company Reliance Power linked to issuance of an alleged fake bank guarantee of Rs 68 crore. Amar Nath Dutta, a resident of Kolkata, was taken into custody on Thursday under the provisions of the Prevention of Money Laundering Act (PMLA). A special court sent him to ED custody till November 10, it said in a statement. The federal probe agency has arrested former Reliance Power CFO Ashok Kumar Pal and a private person Partha Sarathi Biswal, MD of an Odisha-based company named Biswal Tradelink, sometime back as part of this investigation. "He (Dutta) claims to provide consultancy services in Trade Financing. Dutta played an active role along with Ashok Pal and Partha Sarathi Biswal, for providing fake bank guarantees," the agency said. The case pertains to a bank guarantee of Rs 68.2 crore submitted to the Solar Energy
A PMLA Appellate Tribunal has upheld a 2018 provisional attachment of assets order issued by the Enforcement Directorate (ED) against Congress MP Karti Chidambaram in the INX money laundering case investigation. The properties included a part of a flat located in Delhi's Jorbagh area and deposits worth a few crores of rupees kept in a bank branch in Chennai. Fifty three-year-old Karti, son of senior Congress leader and former Union cabinet minister P Chidambaram, had filed an appeal before the Appellate Tribunal for the Prevention of Money Laundering Act (PMLA) in 2019, seeking to set aside the attachment order issued by the federal probe agency on the grounds that the ED did not file the chargesheet in this case within the stipulated 365 days time limit. His lawyers argued that, hence, the continued attachment of the house was "bad in law". According to the PMLA, a provisional attachment order issued by the ED, after its confirmation by the adjudicating authority, shall continue .
Six immovable properties worth Rs 10.55 crore of certain directors and shareholders of Gurugram-based real estate company Ansal Properties and Infrastructure Ltd (APIL) have been attached under the anti-money laundering law in a case linked to alleged violation of environment protection laws, the ED said on Wednesday. The attached properties, provisionally frozen under the provisions of the Prevention of Money Laundering Act (PMLA), consist of commercial units located in Gurugram (Haryana), Greater Noida (Uttar Pradesh) and Ludhiana (Punjab). The assets belong to directors, shareholders and beneficial owners of APIL like Sushil Ansal, Pranav Ansal and Kusum Ansal, in a case that stems from the "violation" of The Water (Prevention and Control of Pollution) Act and The Air (Prevention and Control of Pollution) Act in two of its residential real estate projects located in Gurugram. Haryana Police had first registered an FIR and later filed a chargesheet before a court, the Enforcement
Former Trinamool Congress MP Mimi Chakraborty on Monday appeared before the ED for questioning in a money-laundering case linked to an alleged illegal betting app, officials said. The statement of Chakraborty, 36, is being recorded under the Prevention of Money Laundering Act (PMLA) in a case related to an "illegal" betting app named 1xBet. The ex-MP and actor is understood to be linked to the app through certain endorsements and financial transactions. The Enforcement Directorate (ED) wants to understand her links with this app during the questioning. The agency is probing multiple such cases involving illegal betting apps that are alleged to have duped numerous people and investors worth crores of rupees or have evaded a huge amount of taxes. Former cricketers Suresh Raina and Shikhar Dhawan have been questioned by the federal probe agency in this case earlier. Actor Urvashi Rautela, 31, has been asked to depose on Tuesday in this case by the ED. Rautela is 1xBet's Indian ...
A special Prevention of Money Laundering Act (PMLA) court here on Saturday remanded TMC MLA Jiban Krishna Saha, arrested by the Enforcement Directorate (ED), to judicial custody for 14 days. Saha, who was arrested on August 25 by the federal agency on money laundering charges, was produced before the court at the end of his six-day ED remand. The agency's lawyer Bhaskar Prasad Banerjee prayed before the special court judge for Saha's judicial custody. The MLA did not make any bail prayer before the court. The legislator from the Burwan constituency in Murshidabad district was arrested by the federal probe agency after searches were conducted at his residence. The raids also covered the premises of his associates and an alleged middleman named Prasanna Kumar Roy. Saha was earlier arrested by the CBI in connection with the alleged school jobs recruitment irregularities in April, 2023 and was granted bail by the Supreme Court in May, 2024. The ED has alleged that Saha, along with hi
A judge of the Delhi High Court on Thursday recused himself from hearing a plea by UK-based arms consultant Sanjay Bhandari challenging a trial court's order declaring him a "fugitive economic offender". Justice Girish Kathpalia, who was dictating the order and fixing the hearing for Friday on the maintainability of the plea, transferred the matter to another bench when the counsel for Bhandari and the Enforcement Directorate (ED) could not come to a consensus on the date of hearing. The case is listed before the trial court on August 2. Senior advocate Kapil Sibal, representing Bhandari, insisted that the matter be heard today itself as he was not available on Thursday, or it be heard after some days till when the court should direct the ED not to confiscate Bhandari's assets. However, ED's counsel was of the view that the court should not pass any interim order without hearing the agency's submissions, as he had preliminary objection on the maintainability of the plea and that it