Page 2 - Enforcement Directorate

ED raids TMC leader Madan Mitra's properties in alleged municipal jobs scam

The Enforcement Directorate has been carrying out raids since early Saturday at multiple properties, allegedly linked to TMC MLA Madan Mitra, in West Bengal as part of its money laundering investigation into municipality recruitment "irregularities", officials said. A total of seven premises allegedly linked to Mitra, a former minister in the previous TMC regime, are being searched, they said. Search operations were launched at Mitra's Bhabanipur residence in south Kolkata, alongside a five-floor apartment in Dakshineswar on the northern fringes of the city and a flat in Joka on Kolkata's southern outskirts, they said. Raids are also taking place at a property in Beleghata in north Kolkata and the premises of two local clubs in Bhabanipur and Santoshpur, the officials added. The leader was also being questioned by the investigators at his Dhirendranath Gupta Road residence in Bhabanipur, where he was reportedly staying with his family. Mitra represents the Kamarhati assembly seat

ED arrests two former executives of Reliance Anil Ambani Group: Officials

ED arrests two former Reliance Telecom executives in a money laundering probe linked to an alleged ₹114.98-crore SBI loan fraud case

ED summoned Zepto's Aadit Palicha, Kaivalya Vohra over FEMA compliance

Zepto's updated IPO papers show founders Aadit Palicha and Kaivalya Vohra received ED summons under FEMA, with the company also flagging regulatory risks to investors

ED summoned Zepto founders in April under Fema ahead of IPO, UDRHP reveals

The UDRHP revealed ED asked Zepto's founders to provide information related to foreign and overseas investments, audited financial statements since FY21, shareholding patterns, loans and guarantees.

ED approaches court seeking SFIO documents in CMRL money laundering case

The ED, which is probing a money laundering case linked to CMRL and involving former Kerala Chief Minister Pinarayi Vijayan's daughter Veena T, has approached a court here seeking access to documents collected by the SFIO during its investigation into the matter. The Enforcement Directorate (ED) filed a petition before the Special Court for the Prevention of Money Laundering Act (PMLA) in Kochi seeking copies of documents gathered by the Serious Fraud Investigation Office (SFIO), which had investigated alleged "fake" expenses admitted by Cochin Minerals and Rutile Ltd (CMRL) before the Income Tax Settlement Commission. ED sources said the documents sought by the agency include records related to Exalogic Solutions Private Limited, the company owned by Veena, which was engaged in IT consultancy services. The agency has requested the court to direct the SFIO to provide copies of documents collected during its investigation. The petition is likely to be considered next week. The ED pr

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