Page 27 - Enforcement Directorate

AAP MLA Amanatullah Khan says ED team reached his house to arrest him

Senior AAP leader and MLA Amanatullah Khan on Monday claimed that a team of the Enforcement Directorate (ED) has reached his house here to arrest him. Sources said the ED team reached his house in Okhla as part of a money laundering investigation. Delhi Police and Central Reserve Police Force teams have been deployed at Khan's residence In a post on X, Khan said, "A ED team has reached my house to arrest me." "Early this morning, at the behest of the dictator, his puppet ED reached my house. The dictator is leaving no stone unturned to harass me and other AAP leader," said Khan, who represents Okhla in the Delhi Assembly. Several Aam Aadmi Party (AAP) leaders, including Manish Sisodia and Sanjay Singh, hit out at the BJP government at the Centre, saying agencies are targeting those who raised their voice against the ruling party. In a video on X, Khan also said he has been replying to all the notices being sent by the agency. But a team is here to arrest him on a search warrant,

ED restitutes Rs 19.40 crore to defrauded investors of Rose Valley Group

Rose Valley Group had amassed substantial deposits from the public under false/fraudulent promises of high returns

ED attaches Rs 834 cr land of Emaar India, MGF Developments under PMLA

The attached properties, spanning 401.65 acres in Gurugram and Delhi, are linked to an ongoing investigation into fraudulent land acquisitions

SC-appointed SIT on black money asks probe agencies to coordinate with ED

The Supreme Court-appointed Special Investigation Team (SIT) on black money on Wednesday stressed the need to regulate online gambling and rising narcotic trade and asked anti-corruption probe agencies to coordinate with Enforcement Directorate (ED) and Income Tax for better results. SIT vice-chairman Justice (Retd) Arijit Pasayat made this remark after a meeting with various stakeholders, including ED director Rahul Navin, Central Board of Direct Taxes (CBDT) chairman Ravi Agrawal, and senior officials from state vigilance, customs, and excise. He also indicated that the SIT is expected to submit its ninth interim report to the Supreme Court within a fortnight to a month. To date, the panel has already submitted eight reports. "We have consistently argued that corruption should not be limited to the Prevention of Corruption Act alone. It must also be addressed under Income Tax laws and the Money Laundering Act, as black money represents undisclosed income," Justice Pasayat said. H

Rs 908 cr penalty imposed against DMK MP in Fema rules violation case: ED

The Enforcement Directorate on Wednesday said a penalty of Rs 908 crore has been slapped in a case related to the violation of foreign exchange rules against DMK MP S Jagathratchakan and his family members. The federal agency issued a statement which said that properties worth Rs 89.19 crore, seized in September 2020, have been confiscated following an adjudication order issued on August 26 under the Foreign Exchange Management Act (FEMA). Jagathratchakan, 76, represents the Arakkonam Lok Sabha seat. The agency said a FEMA probe was initiated against the MP, a businessman from Tamil Nadu, his family members and related Indian entity. This investigation, it said, resulted in the passing of seizure order, dated September 11, 2020 under section 37A of FEMA, for various movable and immovable properties in the name of the MP and his family members. There are valued at Rs 89.19 crore. "The properties worth Rs 89.19 crore which were seized in terms of section 37A of FEMA were also ordere

ED files money laundering case to probe irregularities in R G Kar Hospital

The Enforcement Directorate has filed a money laundering case to probe alleged financial irregularities at the RG Kar Medical College and Hospital during the tenure of its former principal Sandip Ghosh and some others, official sources said Tuesday. The federal agency has taken cognisance of a CBI FIR to file its Enforcement Case Information Report (ECIR), equivalent to an FIR, under various sections of the Prevention of Money Laundering Act (PMLA). The agency, according to the sources, has gathered banking and medical procurement documents related to this hospital and medical college from "various sources" and it may soon issue summons to the accused for questioning and recording of their statements, the sources said. The accused in the ED case are the same who have been named in the CBI complaint, they said. In its FIR registered on the directions of the Calcutta High Court, the CBI has booked Ghosh and three Kolkata-based private entities -- Ma Tara Traders of Madhya Jhorehat, .

SC grants bail to BRS Leader K Kavitha in Delhi liquor policy case

Bharat Rashtra Samithi leader secures bail from Supreme Court after five months in custody

ED conducts searches in case related to Assam govt funds' misappropriation

Bank and fixed deposits worth Rs 34 crore were attached under the anti-money laundering law following searches in a case related to alleged misappropriation of Assam government funds meant for the welfare of construction workers, the ED said on Saturday. The case pertains to the "fraudulent" award of contracts worth Rs 118 crore during 2013-16 by the Assam Building and Other Construction Workers Welfare Board (ABOCWWB) to a company named Purbashree Printing House, a proprietorship of Priyanshu Boiragi. "It is a case of misappropriation of money collected as cess for the welfare of construction workers. During the searches, various incriminating documents and materials were seized," the federal agency said in a statement. It did not say when the searches were conducted. The Enforcement Directorate (ED) added that it also attached "proceeds of crime" of Rs 34.03 crore in the form of bank and fixed deposits. The money-laundering case stems from an FIR registered by the Chief Minister

ED conducts searches at Religare Enterprises executives' premises

The Burman family is the largest shareholder in REL and is currently embroiled in a conflict with the REL chairperson over a change of control at the financial firm

Excise case: Will file reply to Kavitha's bail plea by Aug 22, ED tells SC

The Enforcement Directorate (ED) on Tuesday told the Supreme Court that it will file its response to BRS leader K Kavitha's bail plea in a money laundering case linked to the alleged Delhi excise policy scam by August 22. Additional Solicitor General S V Raju, appearing for the ED and the Central Bureau of Investigation, told a bench of Justices B R Gavai and K V Viswanathan that the CBI's counter affidavit has already been filed in the matter. Raju said the ED's counter affidavit was in the "pipeline" and would be filed by August 22. The bench posted the matter for hearing on August 27. The apex court had on August 12 sought responses from the CBI and the ED on Kavitha's pleas challenging a July 1 Delhi High Court order denying her bail in the two cases. The high court had dismissed Kavitha's bail pleas in both the cases, saying she was prima facie one of the main conspirators in the criminal conspiracy related to the formulation and implementation of the now-scrapped Delhi Excis

ED, Cyber Crime conduct search ops at 20 locations in Magicwin case

The ED's investigation revealed that the Magicwin website was involved in illegal activities such as betting

ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine

The Enforcement Directorate on Friday said assets worth more than Rs 29 crore have been attached under the anti-money laundering law as part of an investigation against a fraud investment website that ran a Ponzi scheme across the country. The action has been taken against the portal --www.pearlvine.com -- that runs under the banner of Pearlvine International, the central agency said in a statement. The money laundering case stems from an FIR filed by the CID of Meghalaya Police on a complaint made by the RBI. Pearlvine International was an "unrecognised" entity, which claimed itself to be US-based and provided several lucrative investment options. It collected a minimum amount of Rs 2,250 as membership fees and ran a Ponzi scheme in India between 2018 till March, 2023, the Enforcement Directorate (ED) said. During this period, the company organised seminars all around the country soliciting membership and popularising its benefits, the central agency said. At one point of time in

ED arrests 4 in Chinese-linked online betting app fraud worth Rs 400 cr

Four persons have been arrested in connection with a Rs 400 crore "fraud" online betting and gaming app allegedly linked to some Chinese nationals, the Enforcement Directorate (ED) said on Friday. Arun Sahu, Alok Sahu, Chetan Prakash and Joseph Stalin were taken into custody under the provisions of Prevention of Money Laundering Act (PMLA) in the case related to the app named 'Fiewin', the federal probe agency said in a statement. The money laundering case stems from an FIR filed at the Cossipore police station in Kolkata against some unknown persons for "cheating" and "conspiracy" with a number of online gamers through the app. "An amount of Rs 400 crore was generated from the Fiewin app fraud and thereafter was credited into eight Binance (global crypto exchange) wallets in the name of Chinese nationals. These wallets were operated from the Chinese mainland as revealed by the access IP logs. "The Chinese nationals communicated with and instructed the four accused persons through

Bank fraud: ED attaches Rs 678 cr worth land assets of Avantha Group

Land assets worth more than Rs 678 crore of the Avantha Group have been attached under the anti-money laundering law as part of an alleged bank loan fraud linked probe, the Enforcement Directorate said Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach the properties located in Haryana, Maharashtra and Uttarakhand. The assets belong to various group companies of Avantha Group, "owned and controlled" by businessman Gautam Thapar. "On 19.08.2019, CG Power and Industrial Solutions Ltd had made disclosure under Regulation 30 of the SEBI (listing obligations and disclosure requirements) Regulations, 2015 to Bombay Stock Exchange and National Stock Exchange regarding findings which had potential implications on the financial position of the company. "The disclosure made by CG Power and Industrial Solutions Ltd. revealed that assets and liabilities of the company have been understated considerably," the ED said in a statement. It w

ED summons Dabur's Mohit Burman, others in Religare money laundering probe

Religare open offer case: Dabur Chairman Mohit Burman, three independent directors of Care Health Insurance and the manager of the open offer have been summoned by the Enforcement Directorate

ED starts restitution of flats worth Rs 20 cr to cheated Gurugram buyers

The Enforcement Directorate has initiated the process of restitution of flats worth more than Rs 20 crore to homebuyers of a Gurugram realty project who were allegedly cheated by the builder company, official sources said Wednesday. The case pertains to flats constructed by the SRS Group as part of projects like SRS Pearl, SRS City and SRS Prime. The process to restitute 78 flats of genuine homebuyers in these SRS projects has been initiated following the Appellate Tribunal, instituted under the Prevention of Money Laundering Act (PMLA), issuing an order on August 12 allowing the ED to return these flats worth a total Rs 20.15 crore to their rightful claimants. The central agency in January 2020 had provisionally attached assets worth Rs 2,215 crore as part of a money laundering investigation against the SRS Group of companies in a case related to alleged fraud committed against a number of homebuyers and investors. It was alleged by the ED that the SRS group of companies received

Money laundering charges framed against TMC MP Saket Gokhale, says ED

A special PMLA court in Ahmedabad has framed criminal charges, under the anti-money laundering law, against TMC's Rajya Sabha MP Saket Gokhale on Tuesday, the Enforcement Directorate said. "The Ld. Principal District and Sessions Judge, Ahmedabad (Rural) and designated Special Court PMLA, Ahmedabad today framed criminal charges against Saket Gokhale, MP Rajya Sabha and national spokesperson of All India Trinamool Congress under the provisions of Prevention of Money Laundering Act, 2002...," the central agency said in a statement. It said a charge sheet was filed against the 31-year-old MP under the anti-money laundering law last year. "Charges against him for the scheduled offence in the police case (Gujarat Police) had also been framed," it said. The special court had also rejected the application filed by Gokhale under Section 309 of the CrPC for keeping the proceedings under PMLA, 2002 in abeyance till the case of scheduled offence registered against him is decided by the court,

SC delays ruling on Abhishek Banerjee's plea over ED summons in job scam

TMC leader Abhishek Banerjee and his wife's plea challenged the ED summons in connection to a money laundering investigation related to an alleged school job recruitment scam in West Bengal

SC junks plea challenging order to consider NDTV's application under FEMA

The Supreme Court on Monday dismissed a plea by the ED challenging a Bombay High Court order, which directed the RBI to consider the compounding applications filed by NDTV in a case of alleged FEMA violation. A bench of Justice Abhay S Oka and Justice Augustine George Masih said no case for interference was made out. The high court, in its 2018 order, set aside objections raised to the compounding proceedings by the Enforcement Directorate (ED), which had earlier flagged the alleged Foreign Exchange Management Act (FEMA) violations and issued showcause notices to NDTV. In November 2015, the ED issued showcause notices to the news organisation for allegedly flouting foreign exchange regulations while availing of overseas and foreign direct investment facilities to the tune of more than Rs 2,000 crore. In March 2016, NDTV filed an application with the Reserve Bank of India (RBI) for compounding of the contraventions alleged in the showcause notices. However, a year later, the RBI to

ED registered more than 5,200 money-laundering cases since 2014: Govt

More than 5,200 money-laundering cases have been registered by the Enforcement Directorate (ED), with convictions obtained in 40 and acquittal in three since 2014, the government informed Parliament on Tuesday. The data was provided by Minister of State for Home Nityanand Rai in a written reply to a question in the Lok Sabha. A total of 5,297 cases were lodged under the Prevention of Money Laundering Act (PMLA) by the ED between 2014 and 2024, the data said. It said 40 cases resulted in conviction during the said period. However, one case resulted in acquittal during this year while two cases led to acquittals in 2017, the data shared by the minister showed. A total of 375 accused are currently under arrest under the anti-money laundering law for the period between 2016 and 2024, he stated. Rai also provided similar data for cases registered under the Unlawful Activities (Prevention) Act (UAPA), apart from acquittals and convictions under the anti-terror law between 2014 and 2022