Page 17 - Enforcement Directorate

'Think of people's rights too': SC slams ED over bid to move NAN scam case

Supreme Court criticised ED for ignoring fundamental rights in plea to transfer NAN scam case

ED arrests ex-chairman of Karnataka co-op bank in Rs 63-crore fraud case

The Enforcement Directorate on Wednesday arrested a former chairman of a Karnataka-based cooperative bank for alleged financial irregularities of about Rs 63 crore at one of its branches. R M Manjunatha Gowda was taken into custody under the Prevention of Money Laundering Act (PMLA) and produced before a special court in Bengaluru, which sent him to ED custody for 14 days, the federal probe agency said in a statement. The arrest came a day after the ED carried out raids in Bengaluru and Shivamogga districts of Karnataka in the probe against the financial affairs of the Shimoga District Co-Operative Central Bank, City Branch. "Large-scale misappropriation of funds took place at the said branch which was orchestrated primarily by the branch manager, B Shobha, on the instructions of Gowda," the ED alleged. The two and their legal representatives could not be contacted for comment on the ED's charges. According to the chargesheet filed by Lokayukta Police (of Karnataka Police), the E

Bank fraud: SP leader Vinay Tiwari, firm's MD in ED custody till Apr 11

A PMLA court here on Tuesday remanded Samajwadi Party leader Vinay Shankar Tiwari and an executive of his company to Enforcement Directorate custody till April 11 in a money laundering case linked to an alleged bank loan fraud, the federal probe agency said. Tiwari and Ajeet Pandey, the managing director of the Uttar Pradesh strongman's company Gangotri Enterprises Limited (GEL), were arrested by the ED on Monday from Lucknow and Maharjganj, respectively. According to officials, Pandey is a kin of Tiwari. A special Prevention of Money Laundering Act (PMLA) court has sent the two to ED remand till April 11, the probe agency said in a statement. The arrests were followed by fresh searches carried out by the ED at 10 locations in Lucknow, Gorakhpur, Maharganj and Noida districts in Uttar Pradesh, and Mumbai on Monday. The searches revealed that funds were "diverted" under the garb of investment and interest-free loans, and advances were given to the GEL group companies, the probe age

ED summons 'Empuraan' producer Gokulam Gopalan for questioning on Apr 22

This comes after a six-hour questioning session on Monday, where Gopalan's statements and the documents provided by him and his statements are being examined

ED arrests SP leader Tiwari, aide in Rs 750 crore bank 'fraud' case

The Enforcement Directorate (ED) on Monday arrested former Uttar Pradesh MLA Vinay Shankar Tiwari and a senior official of his company in a money laundering investigation linked to an alleged bank loan fraud of Rs 750 crore, official sources said. The money laundering case stems from an FIR filed by the Central Bureau of Investigation (CBI). Tiwari, 59, was taken into custody from the state capital Lucknow around 5 pm. Ajeet Pandey, the managing director of his company called Gangotri Enterprises, was apprehended from Mahrajganj district around the same time under the Prevention of Money Laundering Act (PMLA), the sources said. Tiwari, the Samajwadi Party (SP) strongman, was produced here before a special PMLA court that sent him to a day-long judicial custody. He and Pandey will be produced again before the court on Tuesday where the ED is expected to seek their custodial remand. Tiwari is the son of a former minister and strongman from Gorakhpur, late Hari Shankar Tiwari. He ...

ED claims FEMA violation after raids on 'L2: Empuraan' producer's firm

The Enforcement Directorate on Saturday said it seized Rs 1.5 crore in cash after searching the premises of a chit fund company owned by Gokulam Gopalan, one of the producers of the Malayalam movie "L2: Empuraan", in connection with foreign exchange law violations. The federal agency said in a statement that the searches that were launched on Friday ended on Saturday. The action was initiated under the Foreign Exchange Management Act (FEMA) at one location in Kozhikode, Kerala and two locations in Chennai, Tamil Nadu at the residential and business premises of Sree Gokulam Chits and Finance Co. Pvt. Ltd., the ED said. The searches led to the seizure of Rs 1.50 crore in cash and "incriminating" documents in "violation" of FEMA, it said. There was no immediate response from Gopalan or his company on the ED allegations. The ED searches come in the backdrop of the recent controversy surrounding "L2: Empuraan", the second instalment of the "Lucifer" trilogy. Touted as one of the costl

ED searches Empuraan producer Gopalan's chit fund firm in FEMA case

The Enforcement Directorate on Friday conducted searches at the chit fund company premises of Kerala-based businessman Gokulam Gopalan, one of the producers of the movie "L2: Empuraan", as part of an alleged Rs 1,000 crore foreign exchange violation case, official sources said. The searches are being undertaken at five premises in various states, including in Chennai (Tamil Nadu) and Kochi (Kerala), under the provisions of the Foreign Exchange Management Act (FEMA), the sources said. The action is being undertaken against Gopalan and his company Sree Gopalan chit and Finance Co. Ltd. for alleged FEMA violations of Rs 1,000 crore with certain NRIs and some related "unauthorised" transactions, the sources. The agency is also understood to be analysing some "cheating" cases against the company for possible investigation under the anti-money laundering law. "L2: Empuraan", the second part of the "Lucifer" movie, a trilogy planned by the Prithviraj-Mohanlal team, has become a topic of h

Muda scam case: ED challenges closure report involving Siddaramaiah

The ED has challenged the closure report filed by the Lokayukta police in the MUDA site allotment case involving Karnataka Chief Minister Siddaramaiah and others. The Enforcement Directorate (ED) filed a protest petition on Tuesday before the Special Court for MPs and MLAs against the Lokayukta police, stating that it is the aggrieved party in the case. The central agency quoted the statement of objects and reasons of PMLA-2002 in its petition, which read, "It is being realised, world over, that money laundering poses a serious threat not only to the financial systems of countries, but also their integrity and sovereignty. The ED said the state (country) comes under the definition of victim' of Money Laundering offence. It further said the agency should be construed as an aggrieved person, as they are the prosecutors under the Prevention of Money Laundering Act and thus it has a right or locus standi to protest or to be heard before any order is passed on the closure report filed b

ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case

ED investigation revealed that M/s Lakhani India Limited and group companies had jointly defrauded Indian Overseas Bank, Punjab National Bank and Allahabad Bank by misappropriation

ED attaches Rs 95 cr worth assets of Gurugram realty firm SBPL in PMLA case

The Enforcement Directorate on Monday said it has attached assets worth about Rs 95 crore as part of a money laundering investigation against a Gurugram-based real estate company and its promoter on charges of duping more than 950 homebuyers. The action has been taken against Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt. Ltd. (SBPL), his companies and some other persons, the federal probe agency said in a statement. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) for attaching land parcels, residential house and commercial building in Gurugram (Haryana), it said. These properties are worth Rs 94.82 crore, acccording to the agency. The company or its promoter could not be contacted for their response on the allegations made by the ED against them. The money laundering case stems from a clutch of FIRs filed by the Economic Offences Wing (EOW) of Delhi Police. The EOW complaints were registered on the basis of complaints of various ..

Tahir Hussain gets bail in money laundering case after 4 years of custody

He will remain in custody in a larger conspiracy of the Delhi riots case. He is also accused of a larger conspiracy in the Delhi Riots case

ED arrests Vijay R Gupta of Vindhyavasini Group in loan fraud case

The investigation revealed that Gupta formed over 40 shell companies to divert and siphon off the loan proceeds, hiding his tracks and avoiding personal contribution to the financing

Kalpataru denies ties to fraudulent group misusing name after ED statement

Kalpataru Ltd. also pointed out that it is in the process of taking further legal action against the group for misusing its trademark

ED attaches ₹6.17 crore properties linked to Kalpataru Group companies

According to an official statement, all the immovable properties are in the form of residential/commercial land and are situated at Mathura in Uttar Pradesh

Highlights: RBI releases Monetary Policy Committee meeting calendar for FY26

Latest news updates: Catch all the live news updates from around the world here

Parl approves Banking Laws (Amendment) Bill; Oppn says it lacks safeguards

PP Suneer (CPI) alleged that Indian banking system has been mismanaged to favour large corproate interest

Former ED chief Sanjay Kumar Mishra appointed full-time EAC-PM member

Sanjay Kumar Mishra, a retired officer of the 1984 batch of the Indian Revenue Service, is an economic expert who has overseen numerous high-profile cases

Madras HC Bench recuses itself from hearing TASMAC plea against ED searches

A division bench comprising Justices M S Ramesh and N Senthilkumar of the Madras High Court on Tuesday recused itself from hearing the petitions filed by TASMAC and the Tamil Nadu government against the recent ED searches on the state-run liquor retailer. When the petitions filed by TASMAC and the state government came up for hearing, the bench said it recused itself from hearing the case, but did not specify any reasons. The bench had on March 20 directed the Enforcement Directorate, which conducted raids on the premises of Tamil Nadu State Marketing Corporation (TASMAC) earlier this month, to produce copies of FIR and Enforcement Case Information Report (ECIR) along with any other material which it relied upon against TASMAC. Orally directing the ED not to proceed further pursuant to its raids at the TASMAC headquarters in the city, the bench posted to March 25, further hearing of the petitions filed by the liquor retailer and the state government against the searches conducted by

ED files charge sheet against advocates, others in Patna railway fraud case

The Enforcement Directorate (ED) Saturday said it has filed a charge sheet against some Bihar-based advocates and others in a money laundering case linked to alleged siphoning of funds of deceased persons whose claims were settled by the Railway Claims Tribunal in Patna. The federal probe agency said in a statement that it has also provisionally attached 24 immovable properties worth Rs 8.02 crore part of the probe. It, however, did not say who owned these attached properties. The charge sheet has been filed against advocates Bidyanand Singh, Parmanand Sinha, Vijay Kumar and Kumari Rinki Sinha apart from Archana Sinha, Nirmala Kumari and Harijag Business and Development Pvt Ltd. A special PMLA court in Patna took cognisance of the prosecution complaint (charge sheet) on Friday, it said. The charge sheet seeks confiscation of the attached assets and conviction of the accused, the ED said. Those listed in the charge sheet or their legal representatives could not be contacted for a .

TASMAC issue: HC directs ED not to proceed further against liquor retailer

The Madras High Court on Thursday directed the Enforcement Directorate (ED) not to proceed further pursuant to its searches at state-run liquor retailer TASMAC's headquarters in the city recently. While giving an oral direction to ED in this connection, the HC also directed the central agency to produce copies of FIR and Enforcement Case Information Report (ECIR) along with any other materials which it relied upon against the Tamil Nadu State Marketing Corporation. After conducting searches at TASMAC earlier this month, ED had recently claimed irregularities to the tune of about Rs 1000 crore. A division bench comprising Justices M S Ramesh and N Senthilkumar posted to March 25, further hearing of the petitions filed by TASMAC and the Tamil Nadu government against the searches conducted by ED. In its petition, TASMAC sought a direction to the ED not to harass its employees under the guise of investigation. It also sought a declaration that the ED's action of investigating the offe