Page 18 - Enforcement Directorate

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

Land-for-jobs case: Rabri Devi, Tej Pratap appear before ED; Lalu summoned

The Enforcement Directorate has summoned RJD president and former Bihar chief minister Lalu Prasad for questioning in the land-for-jobs money laundering case on March 19, official sources said on Tuesday. Prasad, 76, has been asked to depose before the federal probe agency in Patna. Some of his family members have also been called for questioning in the same case. Their statements are to be recorded under the Prevention of Money Laundering Act (PMLA), the sources said. The sources, however, said that Prasad and his family members are not expected to appear before the agency. Last year, the ED filed a chargesheet in the case against Lalu Prasad's family members before a Delhi court, naming his wife Rabri Devi and their daughters Misa Bharti and Hema Yadav as accused apart from some others.

ED conducts searches at entities linked to George Soros in Bengaluru

The case pertains to alleged FDI being sourced by OSF and the utilisation of these funds by certain beneficiaries in alleged contravention of Fema guidelines

'Conspiracy by BJP': Bhupesh Baghel denies reports of ED summoning his son

On March 10, the ED conducted searches at the residence of Bhupesh Baghel, his son Chaitanya Baghel and others in connection with an ongoing probe

Central agencies being used to subdue political opponents, says CPI(M) MP

Central investigative agencies like the Enforcement Directorate (ED) are being used to subdue political opponents of the Centre, not just in Kerala but across India, CPI(M) MP K Radhakrishnan alleged on Friday. Radhakrishnan made the allegation while responding to reporters' queries on an ED notice received by him to appear before the agency in connection with the Karuvannur Cooperative Bank scam case. The MP said that the notice does not mention the Karuvannur case and instead it asks him to produce details of his assets, including bank accounts and land records. "I have sent a letter stating that I cannot appear before the agency now due to the ongoing Parliament session. I will appear before it after the session is over," he said. Radhakrishnan, the MP from Alathur Lok Sabha constituency in Kerala, said that he was ready to face any investigation. "They are looking for assets that I have earned. Let them investigate and find out," he said. The ED has summoned Radhakrishnan for

India, Mauritius sign MoU to boost cooperation against financial crimes

ED in its media statement said that MoU was exchanged in the presence of Prime Minister of India Narendra Modi and the PM of Mauritius Dr Navinchandra Ramgoolam

ED files plaint against 24 in Rs 2,467 crore credit society fraud case

During the PMLA investigation, ED found that Suresh Kute and others lured more than four lakh investors to deposit money with DMCSL by promising higher returns

ED says it found unaccounted-for cash deals worth ₹1,000 cr in TASMAC ops

The Enforcement Directorate Thursday said it has found "multiple irregularities" in the operations of TASMAC that has monopoly over liquor trade in Tamil Nadu, including "manipulation" in the tender processes and "unaccounted" cash transactions worth Rs 1,000 crore through distillery companies. The federal agency claimed in a statement that it got "evidence" suggesting these corrupt practices after it raided the employees, corporate offices of distilleries and plants of the Tamil Nadu State Marketing Corporation Limited (TASMAC) on March 6. ED sources, on the day of the raids, had said the searches were also conducted against "key associates" linked to prohibition and excise department minister Senthil Balaji. The ED said it found "incriminating" data related to transfer postings, transport and bar licence tenders, indent orders "favouring" few distillery companies, excess charge of Rs 10-30 per bottle by TASMAC outlets, with the "involvement" of TASMAC officials, during the ...

Ranya Rao gold smuggling case: ED conducts raids in Bengaluru under PMLA

The accused, Ranya Rao, while recording a statement with the DRI, informed them that this was her first time smuggling gold and how she did it