Page 15 - Enforcement Directorate

Over 1,700 PMLA cases in trial stage; conviction rate at 93.6%: ED director

Over 1700 money laundering cases probed by the Enforcement Directorate (ED) are currently in the trial stage and the delay in courts can be attributed to the general delay in the justice system in the country, ED Director Rahul Navin said on Thursday. The top officer of the ED, however, said the conviction rate of the ED cases was 93.6 per cent as out of 47 cases decided by courts till now, there have been only three acquittals. A total of 1,739 cases of PMLA are under trial at present and the delay in prosecution in the money laundering cases can be attributed to general delay in the justice system in the country, he said while addressing the ED Day event held here. Navin said he "candidly" acknowledges pending investigation in PMLA cases, saying it will be the agency's efforts to file chargesheets in such cases before courts. He said the ED will use advanced technology and forensics in its investigations. The federal probe agency has completed 69 years of its existence as it was

2010 CWG case: Kalmadi supporters celebrate court nod to ED closure report

A section of Congress workers on Tuesday distributed sweets outside former Union minister Suresh Kalmadi's residence here, a day after a Delhi court accepted the ED's closure report in the 2010 Commonwealth Games-related alleged money laundering case against him. While there was no immediate reaction from Kalmadi or his family members over the court's decision, his followers said the court's acceptance of the closure report shows that Kalmadi was not involved in any wrongdoing. Bringing the curtains down on the 13-year-old case, the court on Monday accepted the Enforcement Directorate's closure report in the money laundering case against Kalmadi, the former head of the organising committee of 2010 Commonwealth Games (CWG), and then secretary general Lalit Bhanot and others. The allegations of corruption in conducting the CWG triggered a huge political uproar in the country, leading to filing of several criminal and money laundering cases. Kalmadi and others were accused of ...

ED seeks Apple, Xiaomi sales records in Amazon, Flipkart investigation

Enforcement Directorate expands Amazon, Flipkart investigation; smartphone brands asked to share online sales contracts and data

ED conducts search operations at Gensol Engineering; seizes documents

On April 15, India's markets regulator took a slew of actions against Gensol over concerns that the company might have diverted funds raised for business towards personal luxury purchases

'Unique corruption in CBI, ED': Delhi HC sends CBI officials to custody

In an unusual development, the Delhi High Court has remanded three CBI officials to the custody their own probe agency in a corruption case and said it "shakes the edifice of the machinery" whose primary duty was to bring the culprits to book. Justice Neena Bansal Krishna, in an order on April 25, said, "It is one of the unique cases of rampant corruption in CBI, ED and such other departments, which shakes the entire edifice of our executive and the investigating machinery which have the primary duty of investigations in crime and bring the culprits to face the penalty corruption." The complaint showed it was not a stand alone case of corruption by the government officials but reflected a "large conspiracy" amongst the officials of various departments who took bribes to give undue advantage or impact and interfere in investigations and the functioning of these departments. "It is, therefore evident that in certain situations as in the present case which is to unearth the larger ...

Major fire at ED office likely damaged Choksi, Nirav Modi, Bhujbal records

The Enforcement Directorate has submitted the original investigation records, retaining copies for itself but the fire is likely to impact the questioning of summoned witnesses

ED conducts raids at 11 premises of several liquor contractors in MP

The investigation was initiated by ED on the basis of an FIR against the Liquor Contractors, for causing loss to government revenue to the tune of Rs. 49,42,45,615 through forgery

Fire breaks out at ED office in Mumbai, important govt files destroyed

A major blaze broke out at the Enforcement Directorate's office building in south Mumbai in the early hours of Sunday, and the firefighting operations have continued for more than six hours, officials said. There were no reports of casualties in the fire that broke out at the Kaiser-I-Hind building in the Ballard Estate area, they said. Officials said the blaze, which started on the fourth floor of the five-storey building housing the ED office around 2.31 am, has continued to rage despite efforts. Firefighters are struggling to bring the blaze under control, a fire brigade official said. Mumbai Fire Bridge upgraded the fire to Level III at around 4.17 am, which is generally considered a major fire. At least eight fire engines, six jetties, water tankers and other equipment have been deployed to the spot. The official said several documents and equipment inside the office are feared to have been damaged. He said the exact cause of the fire is yet to be ascertained.

IPL 2025: ED files chargesheet against 11 people for illegal streaming

According to the chargesheet, Fairplay appointed several Indian celebrities, including Ranbir Kapoor, Sanjay Dutt and sports personalities such as AB de Villiers, Graeme Smith, to promote the platform

FIITJEE took ₹200 cr fees, failed to deliver services, laundered funds: ED

The Enforcement Directorate (ED) on Saturday alleged that FIIT JEE coaching institute collected more than Rs 200 crore as fee from thousands of students and their parents but "did not" deliver the educational service indicating "serious" financial irregularities and siphoning of funds. The federal probe agency said in a statement that it seized Rs 10 lakh in cash, jewellery worth Rs 4.89 crore after it conducted searches on April 24 as part of a money laundering investigation and covered premises including that of FIIT JEE Director D K Goel, other executives of the company and their offices. The raids covered seven premises in Noida, Delhi and Gurugram. FIIT JEE or its promoters could not be contacted for a comment on the charges made by the ED against them. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from multiple police FIRs got registered by the parents of students and IIT aspirants in Noida, Lucknow, Delhi, Bhopal and some other cities. These

Court refuses to issue notices to Sonia, Rahul in National Herald case

The Rouse Avenue Court in Delhi asks ED to plug gaps and submit more evidence before next hearing on May 2 in the National Herald case

ED raids Gensol Engineering, detains co-promoter Puneet Singh Jaggi

The Enforcement Directorate Thursday conducted searches against beleaguered Gensol Engineering Ltd and detained its co-promoter Puneet Singh Jaggi from a Delhi hotel, official sources said. The raids were conducted at company's premises in Delhi, Gurugram and Ahmedabad under the provisions of the Foreign Exchange Management Act (FEMA). The promoter brothers of the company -- Anmol Singh Jaggi and Puneet Singh Jaggi -- are under the scanner of the federal probe agency following a SEBI report against them for alleged financial misconduct and diversion of funds. The sources told PTI that Puneet Jaggi was detained by the ED from a Delhi hotel while Anmol Jaggi is stated to be in Dubai. The ED action is based on the SEBI order which claimed that Gensol Engineering obtained loans from Power Finance Corporation and IRDEA Ltd for procurement of EVs and EPC contracts. However, according to the sources, the company instead of utilizing these funds for the intended purposes had diverted the

Probe agency ED searches 8 places in Delhi-NCR in case against FIITJEE

Residence of Dinesh Kumar Goel, managing director of company, among places investigated: Sources

ED raids several locations in Delhi-NCR over FIITJEE centres' shutdown

FIITJEE institutes provide coaching to engineering aspirants for competitive exams. The institute has as many as 73 centres across the country

ED attaches fresh assets worth over Rs 1,500 crore in Sahara case

The Enforcement Directorate (ED) on Wednesday said it has attached fresh assets worth more than Rs 1,500 crore as part of a money-laundering investigation against the Sahara Group. A provisional order was issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA) to attach a total of 1,023 acres of land of Sahara Prime City Limited in 16 cities. The total value of these plots is Rs 1,538 crore (according to the 2016 circle rate). These pieces of land were purchased through "benami" transactions, with the funds "diverted" from Sahara entities, the agency said in a statement. These pieces of land are located in Gujarat, Odisha, Maharashtra, Karnataka, Rajasthan, Jammu and Kashmir and Uttar Pradesh, the statement said. Last week, the ED attached 707 acres of land in Amby Valley, located in Maharashtra's Lonavala, worth Rs 1,460 crore (market value). The money-laundering case stems from more than 500 FIRs filed by various state police departments. Three FI

'I am waiting for invitation': Priyanka Gandhi amid ED probe on family

Congress leader Priyanka Gandi's statement comes amid ED's investigations in the National Herald case against Sonia and Rahul Gandhi, and a separate money laundering case against Robert Vadra

Gensol Engineering shares down 80% since March; Retail investors hike stake

Gensol Engineering latest news: According to reports, Enforcement Directorate (ED) may grill Jaggi brothers of Gensol Engineering in mahadev app case

ED summons actor Mahesh Babu for questioning in money laundering case

The Enforcement Directorate is probing Sai Surya Developers under PMLA for delays in the 'Green Meadows' project. Actor Mahesh Babu was the project's brand ambassador

National Herald case: Goyal calls it a Rs 5,000 cr 'open and shut' scam

Union minister Piyush Goyal on Saturday said the action by the Enforcement Directorate (ED) in the National Herald case is aimed at protecting the nation's assets from being "taken over by the Gandhi family for personal use". Goyal alleged that Congress leaders Sonia Gandhi and Rahul Gandhi were involved in a conspiracy to take control of the property, originally meant for public interest, through the now-defunct National Herald newspaper. The ED's action in the National Herald case is to save the nation's assets, the Union commerce minister told reporters here. Such property should be returned to the people, he said. It should be utilised for the people and not the Gandhi family, which was trying to keep it for its own interests, he claimed. The Enforcement Directorate (ED) has filed a chargesheet against Congress leaders Sonia Gandhi, Rahul Gandhi and others on charges of money laundering in the National Herald case.

ED attaches ₹121.8 crore assets in Neomax Properties money laundering case

ED's Chennai zonal office is attached to movable and immovable properties in various locations across Tamil Nadu. The market value of the attached properties is around Rs 600 cror