Page 26 - Enforcement Directorate

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices

ED attaches fresh assets of Nirav Modi worth Rs 29.75 cr under PMLA

The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank deposits, land, and buildings, it said in a statement. The agency, which has been probing Modi in the alleged USD 2 billion fraud against the Punjab National Bank for over five years now, has attached assets worth Rs 2,596 crore in India and abroad in the past. Modi, 53, is presently lodged in a UK jail and has lost his extradition plea to India in connection with this alleged bank loan fraud case, which is also being investigated by the Central Bureau of Investigation. Modi and his uncle Mehul Choksi, both prime accused in the case, along with others are being probed by the ED on money laundering charges for allegedly perpetrating fraud in connivance with bank officials and b

ED seizes Rs 12.9 lakh in Axis Mutual Fund's alleged front-running case

Front-running is a market malpractice of making personal gains by trading in securities ahead of large client orders

Sandip Ghosh's wife purchased properties without approval from WB govt: ED

The Enforcement Directorate Tuesday claimed that the wife of Sandip Ghosh, the former principal of Kolkata's RG Kar Medical College and Hospital, purchased two immovable assets without "proper approval" from West Bengal government authorities. The federal agency alleged in a statement that it has "found" documents related to about half-a-dozen houses, flats and a farmhouse owned by the doctor couple during searches conducted against them and their "close relatives" on September 6 at seven locations in Kolkata. Sandip Ghosh has been booked by the ED in an alleged financial irregularities linked money laundering case after taking cognisance of a CBI FIR. The ex-principal came under the scanner following the rape and murder of a 31-year-old postgraduate trainee doctor at the hospital on August 9. The ED said his wife, Dr Sangeeta Ghosh, purchased two immovable properties "without any proper approval from the state government authorities". "Interestingly, a post facto approval was gran

ED to prioritise asset restoration for victims; Rs 16,400 cr recovered

In addition to expediting the completion of investigations, the Enforcement Directorate will now prioritise restitution of assets

Doctor rape-murder: Lack of evidence affecting CBI probe, says official

Thirty days have passed after the body of a woman medic, raped and murdered, was recovered from state-run Kar Medical College and Hospital here, but investigators are still clueless about what led to the crime that has opened a can of worms. CBI detectives, who took up the probe into the case after the Calcutta High Court transferred the investigation from the Kolkata Police on August 13, said that they were unable to join several dots due to lack of evidence from the crime scene, a senior official said. This, he said, has affected the investigation of the crime which came to light after the body of the trainee doctor was found in the seminar room of the hospital on August 9. The police arrested Sanjoy Roy, a Kolkata Police civic volunteer, the next day in this connection. It was found during the investigation that former principal of the hospital Dr Sandip Ghosh ordered the demolition of a restroom and a toilet close to that seminar room on August 10. As a portion of the two areas

Punjab, Haryana HC dismisses plea of Cong MLA's son against ED arrest

The Punjab and Haryana High Court has dismissed a petition seeking quashing of criminal proceedings and arrest of a Haryana Congress MLA's son by the ED, citing 10 judicial pronouncements made by the Supreme Court on these issues. The Court of Judge Mahabir Singh Sindhu in Chandigarh on August 27 held that prima facie, the offence of money laundering was "clearly made out" against the petitioner Sikandar Singh Chokker and that his plea was "nothing but complete misuse of the process of Court as well as law." Sikandar Chokker is the son of Dharam Singh Chokker, sitting Congress MLA from the Samalkha (Panipat district) seat of Haryana. Dharam Singh Chokker has been recently given a ticket by his party for contesting the forthcoming assembly polls in the state from the same seat. Sikandar Chokker was arrested by the Enforcement Directorate (ED) on April 30 from a hotel in Haridwar, Uttarakhand on the basis of a special PMLA court issued arrest warrant against him in a money laundering

ED raids German company's subsidiary in case of fraud involving Rs 130 cr

The Enforcement Directorate on Saturday said it has frozen bank deposits, mutual funds and other financial investments worth more than Rs 9 crore as part of a money laundering probe against some former employees of a Pune-based subsidiary of a German firm who allegedly diverted company funds to the tune of crores of rupees. Searches were undertaken at six locations in Pune, Maharashtra and Delhi-NCR on September 4, the central agency said in a statement. The premises of the former employees and some vendors who worked "hand in gloves" with them were raided, according to the ED. The money laundering case stems from a Pune Police (Chakan police station) FIR based on a complaint made by the MD of HUF India Pvt Ltd., a subsidiary of German-based company HUF Halswerk & Furst GMBH & Co. KG, that is engaged in the production of electronic remote-control systems for four-wheeled vehicles. The company had an annual turnover ranging from Rs 100 crore to Rs 300 crore. It was alleged in ..

Delhi Court issues notice to ED on plea of Anubrata Mondal seeking bail

Special CBI Judge Jyot Kler, on September 4, issued notice to ED and sought reply on the bail application

ED raids houses of RG Kar's ex-principal Ghosh, aides over irregularities

ED had registered a case under the Prevention of Money Laundering Act (PMLA) to probe money laundering charges against Sandip Ghosh

CBI didn't arrest me for 2 yrs, insurance arrest made after bail: Kejriwal

Delhi Chief Minister Arvind Kejriwal told the Supreme Court on Thursday that the CBI did not arrest him for nearly two years in the alleged excise policy scam and an 'insurance arrest' was made on June 26 after he got bail in the "harsher" money laundering case filed by the ED. Senior advocate Abhishek Singhvi, appearing for the chief minister, told a bench of Justices Surya Kant and Ujjal Bhuyan that no notice was served to Kejriwal by the CBI before arrest and an ex-parte arrest order passed by the trial court. Seeking bail for the jailed Delhi CM, Singhvi submitted that Kejriwal is a constitutional functionary and was not a flight risk. Singhvi said Kejriwal was not named in the CBI FIR and moreover, he is not a flight risk. The senior lawyer said the top court, while granting interim bail in the money laundering case, had said the chief minister was not a threat to society. What started in August, 2023 has led to arrest in March this year in the money laundering case, he said

AAP MLA Amanatullah dealt in 'tainted' cash transactions, avoided probe: ED

AAP MLA Amanatullah Khan was dealing with "ill-gotten" money and indulged in "tainted" cash transactions to purchase an immovable property in Delhi, the Enforcement Directorate alleged on Tuesday. The federal agency has arrested the 50-year-old legislator from Okhla on Monday after conducting a search at his house. He was produced before a local court the same day that sent him to four-day ED custody. The agency also charged him with "non cooperation" and "avoiding investigation" in the case claiming he only appeared once out of the 14 summonses sent to him to depose and get his statement recorded by the investigating officer. The money laundering case against the AAP MLA stems from two FIRs, one by the Delhi ACB and the other filed by the CBI to probe alleged irregularities committed during his tenure as the chairman of the Delhi Waqf Board from 2016-2021. He was been charged by the ED and the CBI with committing illegalities in the appointment of Group C and D employees in the De

AAP MLA Amanatullah Khan sent to 4-day ED custody in money laundering case

A Delhi court on Monday night remanded AAP MLA Amanatullah Khan to four-day ED custody in a money laundering case. The Enforcement Directorate (ED) produced Khan before Special Judge Rakesh Syal hours after he was arrested from his home and sought his 10-day custody, stating he was required to be confronted with other accused and evidence in the case. "Four-day ED custody, to be produced on September 6," said the judge who had earlier reserved its order on the ED's application The 50-year-old MLA from the Okhla assembly seat was taken into custody from his residence under the provisions of the Prevention of Money Laundering Act (PMLA) at 11.20 am. The ED had descended for a search at his residence just after 6 am. The money laundering probe against Khan stems from two FIRs, one registered by the Central Bureau of Investigation in the Delhi Wakf Board-related "irregularities" and another by the Delhi Anti-Corruption Branch related to a case of alleged possession of disproportionate

Centre targeting our leaders, MLAs; Amanatullah arrested without proof: AAP

AAP on Monday said its MLA Amanatullah Khan has been arrested by the Enforcement Directorate (ED) in a "false" case and the more the ruling BJP tries to suppress the Arvind Kejriwal-led party's voice, the more vocal it will be. AAP Rajya Sabha MP Sanjay Singh claimed Khan was arrested "without any evidence". The ED on Monday arrested Khan, the MLA from Delhi's Okhla, in a money laundering case against him and some others linked to him, official sources said. Singh opposed the AAP MLA's arrest, questioning if it was a "comedy or probe" by the agencies. "Is this an investigation or a comedy?' he asked in a post on X and claimed the CBI filed charge sheet in the Waqf Board case against Khan in 2016 and six years later said in its charge sheet "no economic offence has been committed". The Anti Corruption Branch(ACB) and the ED filed cases in the matter and Khan got bail after arrest by the ACB. The ED raided his house in 2023 but nothing was found, and in 2024 he was interrogated for

News updates: CBI arrests ex-RG Kar Hospital principal Sandip Ghosh over 'financial misconduct'

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Why did ED arrest AAP leader Amanatullah Khan?

Amanatullah Khan, an AAP leader and MLA from Okhla, was taken into custody by the Enforcement Directorate (ED) on September 2. Watch the video to know why.

Amanatullah produced before Delhi court by ED in money laundering case

The Enforcement Directorate on Monday produced AAP MLA Amanatullah Khan before a Delhi court in a money laundering case. The ED produced Khan before Special Judge Rakesh Syal, where it is likely to seek his custody in the case. He was taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) after the agency conducted a search at his residence in the Okhla area of the national capital earlier today.

Power to arrest is proportional to its checks, balances: Delhi court to ED

A Delhi court has pulled up the Enforcement Directorate (ED) while granting bail to an accused in a money laundering case and said that the power to arrest must be directly proportional to its checks and balances coupled with unambiguous regulations. Granting bail to Mangelal Sunil Agarwal, Additional Sessions Judge (ASJ) Dheeraj Mor noted that in a "very unpleasant situation", while the previous investigating officer had cited him as a witness, the next IO chose to arrest him based on the same evidence available on record. "The hallmark of investigation is its objectivity. Subjective interpretation of IO must be deprecated as it would make a supposed objective investigation dependent upon his uncontrolled whims and fancies, who has been conferred extreme power of arrest that leads to curtailing liberty of an individual," the judge said in the order passed on August 31. "In these circumstances, it is apparent that one of the lOs was/is wrong and either acted upon the considerations

ED arrests AAP MLA Amanatullah Khan in Delhi Waqf Board 'corruption' probe

In January this year, the agency had filed a charge sheet over alleged irregularities in the recruitment in Delhi Waqf Board under the chairmanship of Amanatullah Khan

AAP's Bharadwaj accuses Centre of 'misusing' ED in Amantullah Khan's case

"The whole country is seeing how the agencies are being misused and as the elections come closer, these people will increase this kind of pressure even more," Bhardwaj said