Page 22 - Enforcement Directorate

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

Lilavati Hospital trust alleges Rs 1,200 cr fraud, files complaint with ED

The Lilavati Kirtilal Mehta Medical Trust (LKMM) filed a complaint against its ex-trustees, accusing them of siphoning off trust funds through fraudulent means and illegal offshore transactions

ED attaches Chandigarh house of Punjab Cong MLA Khaira in drugs case

The Enforcement Directorate Tuesday said it has attached Punjab Congress MLA Sukhpal Singh Khaira's house in Chandigarh worth Rs 3.82 crore as part of a probe into a drug trafficking-linked money laundering case against him and some others. An order has been issued under the Prevention of Money Laundering Act (PMLA) on March 8 to provisionally attach the property located in Sector 5 of Chandigarh, the federal agency said in a statement. The asset is worth Rs 3.82 crore, it said. The Enforcement Directorate (ED) alleged Khaira "acquired and utilised" the proceeds of the crime to the tune of Rs 3.82 crore "generated" from an international drug syndicate operated by his "close associate" Gurdev Singh and his overseas-based associates. Reacting to the development, Khaira took to X to say, "I've just learnt through media that ED has attached my Chandigarh residence about which I want to clarify that I have received no notice about this from ED or any other government source. Even if the

Paytm amends ESOP policy, expands pool with grant of 109,995 stock options

Other amendments included modifying the vesting schedule for future grants from the previous five-year limit to a range of one to five years from the grant date

FIR lodged for stoning ED vehicles after raids at Bhupesh Baghel's house

The Durg Police has filed an FIR into an incident of obstructing and stoning of a vehicle that was part of the Enforcement Directorate team that searched the residence of former Chhattisgarh chief minister and senior Congress leader Bhupesh Baghel in a case against his son, official sources said. The complaint has been filed at the 'Old Bhilai' police station in the said district on Monday night by the driver of the private vehicle. The ED had raided Baghel's residence in Bhilai's Mansarovar Colony and 13 other locations in Durg as part of a money laundering investigation against his son Chaitanya Baghel in an alleged liquor scam case. The searches went on for about eight hours during which the ED seized about Rs 30 lakh in cash and some documents, according to sources. The driver said in his complaint to the police that about 15-20 protestors stopped the four-wheeler while it was leaving around 4:30 pm on Monday from Baghel's residence and some people climbed on the bonnet. Some o

Protesters hurl stones at ED vehicles after raid at Bhupesh Baghel's home

Protesters pelted stones at Enforcement Directorate (ED) vehicles on Monday in Durg district of Chhattisgarh when its personnel were leaving after conducting a raid at the residence of Congress leader and former Chhattisgarh chief minister Bhupesh Baghel, police said. The stone pelting incident took place in the evening when Congress workers were protesting against the ED raid carried out as part of a money laundering investigation against Bhupesh Baghel's son, Chaitanya, in the alleged liquor scam case. "We have received a verbal complaint from ED officials that protesters tried to stop their vehicles and hurled stones, causing damage to the window pane of a vehicle", Durg Superintendent of Police Jitendra Shukla said. A case will be registered in this regard and further action will be taken accordingly, he said. The ED on Monday morning launched raided the premises of Bhupesh Baghel, who served as CM from 2018 to 2023, in Padum Nagar of Bhilai town in Durg district as part of a .

ED found Rs 32-33 lakh cash in my house; not a big thing: Bhupesh Baghel

Senior Congress leader and former Chhattisgarh chief minister Bhupesh Baghel on Monday said the ED raid at his premises was the outcome of the BJP's frustration. Baghel claimed ED found Rs 32-33 lakh cash in his house where he lives with his wife, three daughters, a son, daughter-in-law and grandchildren. "It is not a big thing as I have a big family and we do farming on 140 acres and have other sources of income. We will provide its details," he said. Baghel claimed the ED hasn't found anything except some documents related to cases concerning BJP leaders. He alleged that the raids were aimed at discouraging him after he was made Congress's in-charge for Punjab. The Enforcement Directorate raided the premises of Baghel in Bhilai town of Durg district as part of a money laundering investigation against his son, Chaitanya Baghel, in the alleged liquor scam case, official sources said. The premises of an alleged close associate of Chaitanya, Laxmi Narayan Bansal alias Pappu Bansal,

ED seizes business jet at Hyderabad airport in money laundering case

The Enforcement Directorate has seized a business jet parked at the Hyderabad airport as part of a money laundering investigation against a Hyderabad-based company and its promoters who allegedly duped numerous investors in a Rs 850 crore Ponzi "scam", official sources said on Saturday. The money laundering case stems from a Cyberabad police FIR against Falcon Group (Capital Protection Force Pvt. Ltd.), its CMD Amar Deep Kumar and some others, the sources said. It is alleged that the Falcon Group "collected" Rs 1,700 crore from investors for high returns through a "fraudulent" invoice discounting investment scheme. Rs 850 crore, out of the total funds, was re-paid leaving a total of 6,979 investors unpaid, according to the sources. Kumar, the sources said, fled the country using this jet. He or his company could not be contacted immediately for a response on the charges. Officials from the ED's Hyderabad office found that the 8-seater business jet 'N935H Hawker 800A' (owned by a

ED arrests WTC Group promoter Ashish Bhalla in real estate fraud case

The ED had conducted search operations on January 27 against Bhalla and Bhutani Group promoter Ashish Bhutani in connection with the same case

ED attaches Rs 65 cr assets linked to ex-GM of Sikkim Bank in fraud case

The Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth Rs 65.46 crore in connection with a money laundering case involving a former general manager-ranked officer of a Sikkim-based bank. The ED said in a statement that the attached assets include four residential properties and land parcels located in Deorali, Syari, Ranipool and Penlong - all in Sikkim. These properties were allegedly acquired using proceeds from fraudulent activities linked to siphoning of funds from the State Bank of Sikkim (SBS) by Dorjee Tshering Lepcha, its former general manager (operations). Additionally, several bank accounts with a combined deposit of approximately Rs 53.41 crore in the names of Lepcha and his family members have also been frozen, the statement said. These actions are parts of an ongoing investigation into the misappropriation and laundering of funds from the bank under the Prevention of Money Laundering Act (PMLA), 2002. Established in 1968

ED raids SDPI offices: Rijiju says agencies act on facts and figures

When questioned about the action on SDPI, a political party recognised by Election Commission of India, Rijiju stated that any action taken against illegal deeds should not be seen as a communal issue

ED conducts raids on 12 locations linked to SDPI across multiple states

The current raids underscore the ED's ongoing scrutiny of organizations suspected of involvement in activities contravening national laws

Rs 4.5K-cr 'investment fraud': ED conducts searches in Delhi, Mumbai

According to the ED, during the search operations, various incriminating documents detailing overseas assets currently being operated by family members of the main accused

Paytm parent failed to file required reports to RBI: ED on Rs 611 cr notice

The Enforcement Directorate on Monday said it has issued a Rs 611 crore worth show cause notice to Paytm's parent company and linked entities for "contravention" of the FEMA on various counts. The notice has been issued by a special director of the federal agency before the initiation of adjudication proceedings. The show cause notice has been issued to Paytm's flagship company One 97 Communication limited (OCL), its managing director and other Paytm subsidiary companies like Little Internet Pvt Ltd and Nearbuy India Pvt Ltd for contraventions of the provisions of the Foreign Exchange Management Act (FEMA) to tune of around Rs 611 crore, the ED said in a statement. Investigation found that OCL made foreign investment in Singapore and "did not" file necessary reporting to the Reserve Bank of India (RBI) for the creation of an overseas step-down subsidiary, it said. The OCL had also received foreign direct investment (FDI) from overseas investors "without following" proper pricing ..

Cooperating with ED into alleged money laundering case, says Bhutani Group

Real estate firm Bhutani Infra on Saturday said it is co-operating with Enforcement Directorate (ED) in its investigation into alleged money laundering and fraud with property buyers. On Thursday, the ED searched multiple premises of two real estate companies and their promoters in Delhi-NCR as part of a money laundering investigation linked to alleged fraud with homebuyers, officials had said. The action is being taken against WTC Builder, its promoter Ashish Bhalla and the Bhutani Group, among others, they said. In a statement on Saturday, Bhutani Infra said it has severed all ties with the WTC Group earlier this month and "is now fully cooperating with the ED in its investigation." The company said that "it has no financial or operational connections to WTC, and any suggestion to the contrary is entirely false and misleading." Bhutani Group said "it is not involved in any of the current financial troubles surrounding WTC. On Thursday, the Gurugram office of the ED raided about

Paytm gets ED show cause notice for transactions involving over Rs 611 cr

Company says these violations pertain to a period when these firms were not subsidiaries of One97 Communications

AgustaWestland PMLA case: HC questions ED's dissent to Michel's bail plea

The bench of Justice Swarna Kanta Sharma questioned the Enforcement Directorate after James' lawyer, Aljo K Joseph, mentioned the Supreme Court's bail ruling

ED arrests key players in Rs 719 crore fake Chinese loan app scam

ED officials reported that the arrested individuals received substantial remuneration-Rs 2 crore and Rs 70 lakh, respectively-for their involvement in creating these illicit accounts