Enforcement Directorate

RBI closes Myntra FEMA case after ED nod, imposes ₹2.88 lakh fee

A FEMA investigation against Flipkart-backed online fashion-and-lifestyle platform Myntra has been "terminated" after the RBI issued a compounding order on the basis of a "no objection" given by the Enforcement Directorate (ED). The Reserve Bank of India (RBI) issued the order on April 20 in the case of Myntra Designs Private Limited, the ED said in a statement. The central agency had initiated a probe against the e-commerce platform last year for alleged contraventions of the Foreign Exchange Management Act (FEMA), based on "credible" information. A compounding order in the regulatory context means a formal decision taken by an authority to settle an offence by allowing the defaulter to pay a monetary penalty instead of facing prosecution. The agency was probing the company for two alleged contraventions of the FEMA covering transactions worth about Rs 46 crore. Myntra, according to the ED, made a one-time payment of Rs 2.88 lakh to get the case compounded or closed. Compounding

Reserve Bank of India issues compounding order in Myntra Designs FEMA case

Walmart-owned online fashion retailer paid Rs 2.88 lakh to settle alleged contraventions related to overseas investment reporting and commitments

ED carries out searches against Vedanta Group as part of Fema probe

The Enforcement Directorate on Tuesday conducted searches against the Vedanta Group as part of a FEMA probe, officials said. They said the action was going on. The searches are part of a Foreign Exchange Management Act (FEMA) violation investigation, they said. More details are yet to be ascertained. An official statement from the company is awaited.

Bank fraud case: Ex-RCom executive lodged in Arthur Road Jail after arrest

Former Reliance Communications Group managing director Amitabh Jhunjhunwala, arrested by the CBI in a multi-crore bank loan fraud case, has been lodged in Mumbai's Arthur Road Jail, officials said on Tuesday. A Mumbai court on Monday allowed the Central Bureau of Investigation (CBI) to arrest Jhunjhunwala, who was in judicial custody in New Delhi in a related money laundering case being probed by the Enforcement Directorate (ED). Considering the late hour and the accused's travel from Delhi's Tihar Jail, the court remanded him to judicial custody, with a plea for his police custody scheduled for later in the day, officials said. Jhunjhunwala, group managing director of Anil Ambani-led Reliance Communications Group, looked after important functions such as corporate finance, banking and utilisation of funds. The CBI has claimed that based on his directions, loan funds received from banks were managed/utilised by other officials of the RCom group. Due to misutilisation of loan funds,

ED searches Pinarayi Vijayan's residence in CMRL money laundering case

The Enforcement Directorate on Wednesday conducted searches at the residence of former Kerala chief minister Pinarayi Vijayan and others as part of its investigation into the CMRL money laundering case, officials said. They said a total of 10 premsies in the state, including Vijayan's rental house in the state capital here, are being raided under the provisions of the Prevention of Money Laundering Act (PMLA). It is alleged that a private company named Cochin Minerals And Rutile Ltd (CMRL), made an illegal payment of Rs 1.72 crore to Vijayan's daughter T Veena's company -- Exalogic Solutions -- during 2018 to 2019, even though the IT firm had not provided any service to the company. On Tuesday, the Kerala High Court dismissed a petition filed by the CMRL seeking to quash the ED proceedings in the case. The ED had filed a PMLA case to probe the allegations in 2024.

ED freezes ₹526 crore deposits in money laundering case against Gameskraft

The Enforcement Directorate on Thursday said it has frozen Rs 526-crore bank deposits and seized gold jewellery worth Rs 3.5 crore along with Rs 11 lakh in cash after it concluded searches in a money laundering case against online gaming platform Gameskraft and its founders, officials said Thursday. The searches against the Bengaluru-based company were launched on May 7 in Delhi-NCR and the capital city of Karnataka. The raids concluded on May 13, the agency said in a statement. Movable assets like bank and payment gateway deposits, bonds and fixed deposits worth a total Rs 526.49 crore have been frozen while gold, diamond jewellery and bullion worth Rs 3.5 crore and Rs 11 lakh in cash have been seized during the operation conducted under the Prevention of Money Laundering Act (PMLA), it said. Following the raids, the ED had arrested three founders of the company -- Deepak Singh, Prithvi Raj Singh and Vikas Taneja. Gameskraft Technologies Pvt Ltd, as per the ED, hosts rummy games a

ED arrests three founders of gaming platform Gameskraft in PMLA case

The Enforcement Directorate on Friday arrested three founders of online gaming platform Gameskraft in an alleged fraud-linked money laundering case, officials said. They said Deepak Singh, Prithvi Raj Singh and Vikas Taneja have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA). Deepak Singh and Prithvi Raj Singh were arrested from the Delhi-NCR region and subsequently a transit remand wad obtained for producing them before a Bengaluru jurisdictional court. Taneja was arrested from Bengaluru and has been produced before a court, the officials said. The arrests came after the central agency filed a money laundering case against Gameskraft Technologies Ltd and other associated entities taking cognisance of multiple police FIRs related to alleged cheating and fraud. The ED also undertook raids in the case on Thursday at 17 locations in Delhi-NCR and Karnataka leading to seizure of certain documents, they said. The platform, as per ED offic

ED raids 'aide' of Punjab AAP functionary, others in land 'fraud' case

The ED on Thursday conducted searches at multiple locations in Punjab and Chandigarh, including the premises of an alleged associate of Punjab Aam Aadmi Party functionary, as part of a money laundering probe against two realty groups on charges of fraudulent change of land use and duping investors, officials said. The agency searched about a dozen locations in Mohali (SAS Nagar) and Chandigarh linked to the Suntec City project (developed by ICHBS or Indian Cooperative Housing Building Society), its promoter Ajay Sehgal, ABS Townships, Altus Space Builders, Dhir Constructions and associates under the provisions of the Prevention of Money Laundering Act (PMLA). By late evening, the ED search teams seized about Rs 1 crore in cash. This included Rs 21 lakh kept in two bags that were flung onto the ground from a window of the Western Towers, a high-rise residential building in Mohali's Kharar area. Officials said the search parties recovered the scattered cash, which was in the ...

ED attachments up 170% to ₹81k cr in FY26; ₹63,142 cr returned to victims

The ED has a conviction rate of 94 per cent and is confident that out of more than 2,400 cases now pending before trial courts

Should money laundering trials pause till predicate offence trial?

Enforcement Directorate seeks Additional Solicitor General view

CBI, ED to Suprema Court: Rcom probe won't hinder banks' recovery efforts

Agencies say criminal investigations into Reliance Communications operate separately from insolvency proceedings and will not affect lenders' efforts to recover dues

Delhi HC issues fresh notice to Kejriwal on ED plea against acquittal

The Delhi High Court on Wednesday issued a fresh notice to AAP chief Arvind Kejriwal on pleas by the ED challenging his acquittal in two separate cases lodged against him for not appearing before the agency despite summonses issued in the excise policy case. Justice Swarana Kanta Sharma noted that according to the registry, the earlier notice issued to the former chief minister had not been served. The investigating agency's counsel said notice was issued to Kejriwal on April 1 but no one has entered an appearance on his behalf. "Registry reports that (he is) not served. I will issue fresh notice. Respondent has not been served," the judge said, and listed the matter for hearing on July 22. The cases stem from the ED's complaint to the trial court that the then chief minister intentionally disobeyed the summonses issued to him by not joining the probe. It also alleged that Kejriwal raised frivolous objections and deliberately created grounds for not attending the probe. In the hi

ED attaches ₹3,034-cr assets in probe against Anil Ambani's Reliance Group

The Enforcement Directorate has attached fresh assets worth Rs 3,034 crore as part of its ongoing money laundering probe against the Reliance Anil Ambani Group (RAAG) companies, sources said. The sources said the attached properties belong to Reliance Communications (RCOM) and Reliance Infrastructure Ltd. (R-Infra). These include a flat in Mumbai, a farmhouse in Khandala, a hill station in Maharashtra, some land parcels in Sanand (Ahmedabad) and 7.71 crore shares of R-Infra, among others. The central agency issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA) to attach these assets. According to sources, the total attachment of properties in the cases against the Reliance Anil Ambani Group now stands at Rs 19,344 crore. The Group is being investigated by the ED on charges of bank fraud and diversion of funds.

ED raids Raheja Developers in money laundering case over fraud with buyers

The Enforcement Directorate on Saturday conducted fresh searches against real estate company Raheja Developers as part of a money laundering investigation linked to alleged fraud with home buyers. They said about seven premises in Delhi-NCR are being covered as part of the action. The searches are being conducted in the matter of alleged fraud with the home buyers and non delivery of flats in its project Raheja Revanta, as per the officials. The agency had raided the company in June 2025 as part of this probe.

Karnataka CM accuses Centre of targeting Congress leaders after ED raids

Karnataka Chief Minister Siddaramaiah on Tuesday accused the central government and its agencies of consistently targeting Congress members by using searches on their properties, and questioned why similar action is not taken against BJP leaders. He was reacting to searches conducted by the Enforcement Directorate on Monday on several individuals, among them the sons of Karnataka Congress MLA N A Haris and the grandson of former Union Cabinet minister K Rahman Khan, in connection with a cryptocurrency-linked money laundering case. "The central government always targets Congress leaders. Will they raid the houses of BJP leaders?" Siddaramaiah said in response to a question. More than a dozen premises in the city were searched as part of the operation carried out by the ED under the provisions of the Prevention of Money Laundering Act (PMLA). The premises searched comprised those of Mohammed Haris Nalapad and Omar Farook Nalapad, the sons of the MLA; Aqeeb Khan, the grandson of vetera

ED conducts raids at premises linked to Punjab Minister Sanjeev Arora

The Enforcement Directorate on Friday conducted searches at premises linked to Punjab industries minister Sanjeev Arora and some others as part of an investigation, officials said. Locations in Ludhiana and some others places are being covered by the agency officials, they said. Arora, an Aam Aadmi Party (AAP) leader, was raided by the ED in 2024 too. It has then said in a statement that companies linked to Arora and some other entities caused "loss" to the state government and generated "huge" proceeds of crime by alleged misuse of industrial land for residential projects. A few days back, the federal probe agency conducted FEMA searches at the premises of AAP Rajya Sabha MP Ashok Kumar Mittal and his educational institutions in Punjab and Haryana.

ED arrests ex-ADAG executive Amitabh Jhunjhunwala in loan fraud case

The Enforcement Directorate on Wednesday arrested Amitabh Jhunjhunwala, a former senior executive of Anil Dhirubhai Ambani Group (ADAG), in an alleged bank loan fraud-linked money laundering case, officials said. Jhunjhunwala was taken into custody under the Prevention of Money Laundering Act (PMLA) after questioning. The agency has produced him before a court seeking his custody for detailed interrogation, they said. The probe pertains to an alleged bank loan fraud perpetrated through Anil Ambani group companies like Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Ltd (RHFL) using shell or dummy companies. Jhunjhunwala had been a director of Reliance Capital Ltd, the holding company of RHFL and RCFL, from March 2003-September 2019.

ED raids at business entities linked to AAP MP Ashok Mittal in Punjab

The Enforcement Directorate on Wednesday conducted raids at business entities linked to AAP Rajya Sabha MP Ashok Mittal in Punjab as part of a FEMA probe, offiicials said. Mittal, a 61-year-old businessman and educationist who heads the Lovely Group including an university by this name, was recently made the deputy leader of the Aam Aadmi Party (AAP) in Rajya Sabha, replacing Raghav Chadha. Officials said the searches are being conducted at multiple business entities linked to Mittal in Jalandhar and Phagwara apart from some other locations. The action is being undertaken under the Foreign Exchange Management Act (FEMA), they said.

I-PAC director Vinesh Chandel sent to 10 days in ED custody in PMLA case

A special court in Delhi has sent I-PAC co-founder and director Vinesh Chandel to ten days of ED custody following his arrest by the Enforcement Directorate in a money laundering case, officials said on Tuesday. In a major action weeks ahead of the West Bengal assembly polls, the federal probe agency late Monday evening arrested Chandel in the case linked to an alleged coal scam in the poll-bound state. Officials said Chandel, a law graduate from NLIU Bhopal, was taken into custody after questioning and produced before a special Prevention of Money Laundering Act (PMLA) court late Monday night. The court sent him to 10 days ED custody, they said. Chandel's premises in Delhi, apart from that of another I-PAC co-founder and director, Rishi Raj Singh, in Bengaluru and that of former Aam Aadmi Party (AAP) communications in-charge Vijay Nair in Mumbai, were raided by the ED on April 2 as part of this investigation. I-PAC has been providing political consultancy to the TMC and the West

ED seizes ₹6.3 crore in money laundering probe linked to real estate fraud

The Enforcement Directorate (ED) has seized Rs 6.3 crore in cash and jewellery worth Rs 7.5 crore following searches against a Delhi-based real estate company accused of defrauding homebuyers and currently undergoing insolvency proceedings, officials said on Saturday. The action under the Prevention of Money Laundering Act (PMLA) was launched on Friday and 10 premises of former directors, promoters and associated entities of the company -- Earth Infrastructures Ltd. (EIL) -- in Delhi and Gurugram were covered. The company, according to official records, has been undergoing a corporate insolvency resolution process (CIRP) since June 2018. According to the ED officials, the money laundering case against the former directors and promoters of the company was initiated after taking cognisance of five Delhi Police (Economic Offences Wing) FIRs, apart from a complaint filed by the Serious Fraud Investigation Office (SFIO), the investigation arm of the Ministry of Corporate Affairs. The ED