Page 28 - Enforcement Directorate

Manish Sisodia not innocent, 'neck deep' in scam: ED, CBI tell SC

The Supreme Court was hearing pleas filed by Manish Sisodia, who was seeking bail in cases linked to the alleged Delhi excise policy scam

Crypto scam: ED seizes Rs 1-cr cash during raids in Leh, other places

An amount of Rs 1 crore and "incriminating" documents were seized following raids against operators of a "fake" cryptocurrency investment company that cheated people in Ladakh and some other places, the Enforcement Directorate said Sunday. The searches were undertaken on August 2 in Leh, Jammu and Sonipat in Haryana under the provisions of the Prevention of Money Laundering Act (PMLA). Officials had said this was the first time that the federal anti-money laundering agency carried out searches in Ladakh. The probe pertains to cheating of innocent people, including people of Leh, by assuring them of doubling their investment in a short period of 10 months through investment in fake cryptocurrency named Emollient Coin, the agency said in a statement. This "fake" cryptocurrency, as per the ED, was represented and promoted by Naresh Gulia of Sonipat through a company named Emollient Coin Limited that was incorporated in September, 2017 in the United Kingdom. The business was promoted a

ED undertakes first-ever searches in Ladakh in cryptocurrency fraud case

In its first ever raids in the Union Territory of Ladakh, the Enforcement Directorate on Friday conducted searches as part of its money laundering probe linked to a cryptocurrency fraud case in which investors lost more than Rs 7 crore worth of deposits, officials said. The agency's zonal office here raided at least six premises in Leh town of Ladakh, Jammu in J-K and Sonipat in Haryana in the case against A R Mir and others. It is alleged that 2,508 investors deposited more than Rs 7.34 crore in a fake cryptocurrency business in the name of "Emollient Coin Limited". They, however, did not get any returns or currency back, and these funds were laundered by the business' promoters to purchase land assets in Jammu. The money laundering case stems from a March 2020 FIR registered in Leh and some other complaints filed in the Union Territory (UT) of Jammu and Kashmir (J-K) against Mir and Ajay Kumar Choudhary. Police in Leh in their FIR stated that an inquiry was conducted by a committ

ED attaches immovable properties worth Rs. 298.21 crore of Chettinad Group

ED initiated an investigation based on an FIR registered by the Directorate of Vigilance and Anti-Corruption (DVAC), Chennai

SC to hear ED plea challenging HC's order for Hemant Soren's bail on Jul 29

The Supreme Court is scheduled to hear on July 29 an Enforcement Directorate plea challenging the Jharkhand High Court's order granting bail to Chief Minister Hemant Soren in a money laundering case linked to an alleged land scam. A bench of Justices B R Gavai and K V Viswanathan is scheduled to hear the federal agency's plea against the June 28 order of the high court. Soren, the executive president of the Jharkhand Mukti Morcha (JMM), had resigned as chief minister shortly before the ED arrested him on January 31 in the case. After coming out of jail on bail in the case, he took oath as the chief minister of Jharkhand on July 4. Earlier during the hearing in the high court, the ED's counsel had argued that if Soren was released on bail, he might commit a similar offence and referred to cases against ED officers in the SC/ST police station. "Though the conduct of the petitioner has been sought to be highlighted by the Enforcement Directorate on account of the First Information Rep

Elvish Yadav appears before ED for questioning in money laundering case

YouTuber Siddharth Yadav alias Elvish Yadav appeared before the Enforcement Directorate here on Tuesday for questioning in a money laundering case linked to suspected use of snake venom as a recreational drug in parties he hosted and related financial transactions, official sources said. The agency will record his statement at its zonal office located at Ashok Marg here. The central agency had registered a case in May and pressed charges under the Prevention of Money Laundering Act (PMLA) after taking cognisance of an FIR and charge sheet filed against him and linked persons by the Gautam Buddh Nagar (Noida) district police in Uttar Pradesh. Elvish Yadav was summoned by the agency in the second week of July but he sought deferment of the summons owing to his scheduled foreign travel and professional commitment. Rahul Yadav alias Rahul Fazilpuriya, a singer from Haryana allegedly linked to Elvish Yadav, was questioned by the ED in the said case, they said. Alleged generation of ...

ED arrests Sonepat Congress MLA Surender Panwar in illegal mining case

In January, the probe agency had conducted extensive searches at premises linked to Surender Panwar and his associates in Haryana's Sonepat

ED attaches immovable properties valued at Rs 300 cr in Gurugram village

The raids, carried out on July 16, also led to the seizure of digital devices and incriminating documents

ED attaches Rs 300 cr worth land of M3M realty in case involving Congress

The ED on Friday said it has attached land in Gurugram, worth over Rs 300 crore, of real estate group M3M as part of a money laundering probe linked to an alleged land fraud case that also involves Congress leader and former Haryana chief minister Bhupinder Singh Hooda. To attach the land, a provisional order was issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA). The 88.29 acres of land is located in Basharia village of Harsaru tehsil in Haryana's Gurugram district that borders Delhi. The land is valued at Rs 300.11 crore, the Enforcement Directorate (ED) said in a statement. In a statement, a spokesperson of the real estate group said they were "highly disappointed with the highly unwarranted, unjustified and uncalled for action by the ED...to provisionally attach its land asset which is in no way connected with any offence and under no circumstances can be placed in the purview of proceeds of crime as understood under the PMLA." The money ..

Delhi HC allows sale of conman Sukesh's 26 cars, says 'subject to decay'

These cars were attached and in possession of the Directorate of Enforcement (ED) in a money laundering case linked to the Rs 200 crores extortion case

ED arrests Sanjay Badaya for Jal Jeevan Mission scam in Rajasthan

So far, the ED had arrested three people in connection with the Jal Jeevan Mission scam

Delhi Excise policy: SC to hear Sisodia's bail pleas; seeks reply from ED

A bench headed by Justice B R Gavai sought responses from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) on Sisodia's pleas

Key question on Enforcement Directorate powers before SC's larger Bench

Should there be an additional requirement for ED officers to demonstrate the need for arrest under Section 19 of PMLA?

CBI, ED should not become 'political weapons': K'taka Home Minister

Karnataka Home Minister G Parameshwara on Saturday said central agencies like the CBI and Enforcement Directorate (ED) should not become "political weapons". His comments come a day after the ED on Friday arrested former minister B Nagendra in connection with a money laundering probe linked to alleged irregularities in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited. Following allegations against him in connection with the scam, Nagendra, who was Scheduled Tribes Welfare Minister, had tendered his resignation on June 6. "I have said that ED is probing him (Nagendra), based on the information they get, they will take action. Now he has been arrested. Based on the information they have, he has been arrested. These procedures happen in accordance with the law, but this should not be used politically," Parameshwara said. Addressing reporters here, he said central agencies like CBI, ED should not become political weapons. The ED had earlier this week ...

Kejriwal gets interim bail from SC, but to remain in jail in CBI case

Top court says 'power to arrest under PMLA can't be exercised as per whims of ED'

Dadam illegal mining case: ED raids multiple places in Haryana, Delhi

Those who were searched include Ravita, Pankaj Singh, Jagat Singh, Sanjay Gupta, Sombir Singh, Naveen Kumar and others, the ED said

SC to deliver verdict on Arvind Kejriwal's plea against ED arrest today

ED had discovered chats between Kejriwal and Hawala operators regarding the alleged proceeds of crime in the case

Delhi excise policy case: SC grants interim bail to CM Arvind Kejriwal

However, Delhi Chief Minister Arvind Kejriwal will continue to remain in Tihar Jail in relation to a liquor policy scam under investigation by the Central Bureau of Investigation

ED takes ex- K'taka min B Nagendra into custody in money laundering probe

The Enforcement Directorate on Friday took former Minister B Nagendra into custody, as part of a money-laundering probe linked to the alleged irregularities in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited, official sources said. The Congress MLA was taken to the ED office here from his residence for questioning, the sources said. Following allegations against him in connection with the scam, Nagendra, who was Scheduled Tribes Welfare Minister, tendered his resignation on June 6. "I'm being brought from my home...I don't know anything," Nagendra told reporters as he was being taken to the ED office. The ED has carried out searches for the last two days at several places, including at the premises of former Karnataka Minister Nagendra and ruling Congress MLA Basanagouda Daddal, who is Chairman of the Corporation. The agency covered around 20 locations in Karnataka, Andhra Pradesh, Telangana and Maharashtra as part of a case registered under the ...

ED arrests Amtek's Arvind Dham in Rs 25,000 crore bank 'fraud' case

The move follows searches conducted by the agency last month at around 35 locations in Delhi-NCR, Mumbai, and Nagpur as part of its money laundering probe