Page 3 - Enforcement Directorate

ED attaches ₹4,190 cr in crypto cases, declares one as fugitive offender

The Enforcement Directorate has attached proceeds of crime worth Rs 4,189.89 crore in crypto-related cases under the anti-money laundering law and declared one accused as a Fugitive Economic Offender, Parliament was informed on Monday. Besides, the Central Board of Direct Taxes (CBDT) has also detected undisclosed income of Rs 888.82 crore from virtual digital assets (VDA) transactions during search and seizure operations. The CBDT has sent 44,057 communications to taxpayers who invested or traded in VDAs but did not report these in Schedule VDA of their Income Tax Returns (ITRs), Minister of State for Finance Pankaj Chaudhary said in a written reply to a question in the Lok Sabha. The government has also brought VDAs under the Prevention of Money Laundering (PMLA). "The Enforcement Directorate has investigated several crypto-related cases under PMLA, attaching/seizing/freezing proceeds of crime worth Rs 4,189.89 crore, arresting 29 persons, and filing 22 prosecution complaints. On

ED to file charge-sheet against Gurugram realty firm in PMAY fraud case

The Enforcement Directorate is soon expected to chargesheet a Gurugram-based real estate company and its promoters in a multi-crore money laundering investigation linked to alleged irregularities in the Pradhan Mantri Awas Yojna (PMAY) and fraud with homebuyers, official sources said Sunday. Swaraj Singh Yadav, the MD and "key person" of the company named Ocean Seven Buildtech Pvt. Ltd. (OSBPL), was arrested by the federal probe agency on November 13 and is currently lodged in jail under judicial custody. The ED has alleged that Yadav "fraudulently diverted" and laundered homebuyers' funds worth Rs 222 crore collected under PMAY through cancellation and re-sale of units at inflated prices, collection of substantial cash premiums, and diversion of Escrow proceeds into "shell" (dummy) entities. The PMAY aims to provide housing to the economically weaker sections as part of the Union government's ambitious plan to ensure 'home for all'. The agency, sources said, is carrying out an ...

Hemant Soren appears before court for ''non-compliance'' of ED summons

Jharkhand Chief Minister Hemant Soren on Saturday appeared before an MP-MLA court here in connection with a case related to alleged non-compliance of ED summons, a lawyer said. The CM also filed two bail bonds each for Rs 7,000, and the next hearing in the case will be on December 12, he said. On the direction of the Jharkhand High Court, the chief minister appeared before the MP-MLA court today. Henceforth, the CM does not need to appear in person," Soren's counsel Pradip Chandra said. The CM's advocate will represent him during the next hearing on December 12, he said. The ED had moved the court after Soren "did not turn up for questioning" on the basis of earlier notices issued to him in connection with an alleged land scam.

ED attaches ₹1,120 cr fresh assets linked to Anil Ambani firms in PMLA case

The Enforcement Directorate has attached fresh assets worth Rs 1,120 crore as part of its money laundering probe against the companies of Reliance Group chairman Anil Ambani, officials said. Eighteen properties, including the Reliance Centre in Mumbai's Ballard Estate, fixed deposits, bank balance and shareholding in unqouted investments of Reliance Anil Ambani Group have been provisionally attached under the Prevention of Money Laundering Act (PMLA), they said. Another set of seven properties of Reliance Infrastructure Ltd, two properties of Reliance Power Ltd, nine properties of Reliance Value Service Private Ltd, fixed deposits in the name of Reliance Value Service Private Ltd, Reliance Venture Asset Management Private Lt, Phi Management Solutions Private Ltd, Adhar Property Consultancy Pvt Ltd, Gamesa Investment Management Private Ltd and investments made in unquoted investment by Reliance Venture Asset Management Private Ltd and Phi Management Solutions Private Ltd have also bee

ED undertakes 1st-ever raids in Meghalaya as part of money laundering case

The Enforcement Directorate on Thursday conducted searches at multiple locations in Meghalaya as part of a money laundering probe into alleged misappropriation of funds at the Garo Hills Autonomous District Council (GHADC), officials said. These are the maiden raids undertaken by the federal probe agency's sub zonal office located in Shillong after registering a case under the Prevention of Money Laundering Act (PMLA) in the state. The agency has conducted similar action in the state as part of cases registered in other states. At least five premises in Tura under the West Garo Hills district were raided, the officials said. The probe relates to the alleged non-execution of developmental works and the misappropriation of funds allocated for the development of the Asanang constituency under the GHADC. According to officials, out of a total allocation of Rs 28.66 crore, members of the committee, in collusion with certain contractors, "diverted" and "misused" the funds in contraventi

Cough syrup deaths: ED attaches assets of Coldrif promoter in Chennai

Two flats in Chennai belonging to the promoter of Sresan Pharmaceuticals, the manufacturer of Coldrif cough syrup linked to the death of at least 20 children in Madhya Pradesh, have been attached under the anti-money laundering law, the Enforcement Directorate said on Wednesday. The assets, located at Kodambakkam in Tamil Nadu's capital city, are owned by G Ranganathan and his family members, it said in a statement. The value of the flats is Rs 2.04 crore, the statement said. Ranganathan was arrested by Madhya Pradesh Police in October. The agency alleged Sresan Pharma indulged in "rampant unfair trade practices to suppress its manufacturing costs and increase profits which are nothing but proceeds of crime (under the Prevention of Money Laundering Act)." Probe found that the manufacturer used industry-grade raw materials in the manufacturing of medicines instead of pharma-grade raw materials "without" proper quality checks. "Such materials were being purchased in cash without ..

Court sends Al Falah university founder Siddiqui to 14-day judicial custody

A Delhi court on Monday sent Al Falah University founder Jawad Ahmed Siddiqui to 14-day judicial custody in a terror-linked money laundering case. Siddiqui had been sent to the Enforcement Directorate (ED) custody for 13 days on November 19. On Monday, he was produced before Additional Sessions Judge Sheetal Chaudhary Pradhan, who sent him to judicial custody till December 15. During the hearing, the ED counsel briefly argued that it was premature to produce him before the court since the 13-day custody would end at 1 am on Tuesday, technically making Monday the 12th day of his custody. Meanwhile, an application was moved by Siddiqui's counsel seeking access to prescribed medication and spectacles during the custody period. The judge allowed the request. ED officials handed over Siddiqui's medical prescription to the court, which directed jail authorities to ensure that he continued to receive the prescribed treatment. The agency had earlier alleged that Al Falah University false

Kerala CM Pinarayi Vijayan gets ₹466 cr ED notice in KIIFB masala bond case

The ED's investigation focuses on how ₹2,000 crore, raised by the Kerala Infrastructure Investment Fund Board (KIIFB) through masala bonds, was used

Rapido denies involvement in ₹331-crore trail found in driver's account

Ride-hailing firm Rapido has denied having any involvement in an investigation being carried out by the Enforcement Directorate in the Rs 331-crore money deposit trail in a bike taxi driver account, the company said on Saturday. The driver's bank account received deposits worth Rs 331.36 crore between August 19, 2024, and April 16, 2025, according to ED officials. This was a classic case of a "mule" account being used to pump dirty money. A mule account is used to funnel illicit funds generated from financial crimes, and the actual owner is not its user. Such accounts are created using fake or hired KYC, where someone lends their account in lieu of a commission. The ED officials stumbled upon the Rapido bike driver while investigating the 1xbet online betting-linked money-laundering case. Rapido said that it is providing the required information to the Enforcement Directorate. "The individual mentioned is one of the two crore registered captains associated with us for bike taxi ..

Myanmar nationals misused Indians' GST credentials for drug trafficking: ED

Investigation into a cross-border narcotics trafficking racket has found that Myanmarese nationals "misused" GST credentials of Indians to facilitate purchase of raw material required for manufacturing drugs, the ED said. The federal probe agency had conducted its first-ever searches along the India-Myanmar border on November 27 following registration of a money laundering case into a drugs trafficking case of Mizoram. Locations across Aizawl and Champhai (along India-Myanmar border) in Mizoram, Sribhumi (Karimganj) in Assam and Ahmedabad in Gujarat were raided under the provisions of the Prevention of Money Laundering Act (PMLA). India shares a 1,643-km-long front with Myanmar on its eastern side. Evidence gathered during the searches indicated that Indians procured Pseudoephedrine tablets and Caffeine Anhydrous on behalf of Myanmar nationals, enabling trans-border drug production and trafficking apart from money laundering, the Enforcement Directorate said in a statement issued o

National Herald case: Court defers order on ED's chargesheet until Dec 16

A Delhi court on Saturday deferred its order on cognisance of the Enforcement Directorate (ED) chargesheet filed in the National Herald case. Special Judge Vishal Gogne deferred the pronouncement of the order to December 16. The ED has accused Congress leaders Sonia Gandhi and Rahul Gandhi, as well as late party leaders Motilal Vora and Oscar Fernandes, along with Suman Dubey, Sam Pitroda, and a private company, Young Indian, of conspiracy and money laundering. They allegedly acquired properties worth approximately Rs 2,000 crore belonging to Associated Journals Limited (AJL), which publishes the National Herald newspaper, the investigation agency had accused. It further alleged that the Gandhis held the majority 76 per cent shares in Young Indian, which fraudulently usurped the assets of AJL in exchange for a Rs 90 crore loan. The chargesheet names Sonia Gandhi and Rahul Gandhi, Pitroda, Dubey, Sunil Bhandari, Young Indian and Dotex Merchandise Pvt Ltd.

ED widens probe against Al Falah group; looks at land purchase deals

Widening its probe into the alleged financial irregularities at the Al Falah Group and Trust, the Enforcement Directorate (ED) has detected that its arrested chairman could have acquired some land parcels in Delhi by "forging" documents. The Al Falah University based in Haryana's Faridabad district is under the spotlight of investigations into the November 10 Red Fort area blast case in which a doctor working at its medical college allegedly blew himself up in a car full of chemical explosives. 15 persons were killed in the blast and a number of other were injured. The federal probe agency, as per official sources, is investigating at least five instances where documents related to the General Power of Attorney (GPA) for acquiring land parcels are alleged to have been forged at the behest of a Trust linked to the arrested chairman of the Al Falah Group, Jawad Ahmed Siddiqui. Siddiqui was arrested by the ED on November 18 following raids against the Al Falah Group and its linked ...

ED arrests WinZO founders over alleged money laundering; ₹505 crore frozen

ED claims gaming firm withheld players' funds after real-money gaming ban; company denies wrongdoing, says it operates with fairness and compliance

Delhi HC allows ED to attach illegal betting money in ₹2,400 crore scam

The court issued the order while dismissing petitions challenging the ED's provisional attachment orders issued more than a decade ago in an alleged multi-crore international cricket betting scam

Rabri Devi alleges bias, seeks transfer of CBI, ED cases to new court

Former Bihar chief minister Rabri Devi on Monday moved a plea seeking transfer of the CBI and ED cases registered against her to another court, saying she had a reasonable apprehension that "fair and impartial justice" would not be rendered. Devi is named as an accused in four cases, including the land-for-jobs and IRCTC scam case, which are being heard by Special Judge Vishal Gogne. The plea, submitted before the Principal District and Sessions Judge submitted, "The applicant (Devi) is having a bonafide and reasonable apprehension that fair and impartial justice will not be rendered by the Special Judge and that the conduct of the Special Judge during the proceedings in all cases appears to be unduly inclined towards the prosecution and bias which can be seen from number of instances of the case proceedinds/order". The plea claimed there was "a reasonable apprehension of bias" and that in the interest of justice, the cases needed to be transferred to another court of competent ...

RDB Infra slips 3% after ED summons MD & CFO under money-laundering case

The selling pressure on the counter came after the managing director and CFO of the company received a summon from the Directorate of Enforcement

ED seizes over Rs 14 cr in cash, gold after raids in Jharkhand, West Bengal

The Enforcement Directorate has seized cash and gold worth more than Rs 14 crore during searches against an alleged coal mafia network operating across Jharkhand and West Bengal, the agency said on Saturday. The raids were launched on Friday at 44 premises in the two states, in connection with "large-scale" illegal mining, theft, transportation, storage and sale of coal, the Enforcement Directorate (ED) said in a statement. Cash, jewellery and gold amounting to more than Rs 14 crore, various property deeds linked to the coal syndicate and agreements related to sale and purchase of land, several digital devices, account ledgers of entities controlled by the network, etc, have been seized, the statement added. The agency took cognisance of multiple FIRs filed by the police in both states to lodge a case under the Prevention of Money Laundering Act (PMLA). The FIRs indicate that a vast illegal coal supply network is operating across Jharkhand and West Bengal, the agency said in the ..

Anil Ambani Reliance group stocks slip up to 3% as ED attaches fresh assets

The attachment covers multiple properties linked to Reliance Communications (RCom) and other group entities, including buildings at Dhirubhai Ambani Knowledge City (DAKC) and Millennium Business Park

ED raids 40 locations in Jharkhand, West Bengal against coal mafia

The Enforcement Directorate on Friday conducted searches in a coordinated money laundering case action against the coal mafia in Jharkhand and West Bengal, official sources said. More than 40 premises in the two states are being covered as part of the action under the provisions of the Prevention of Money Laundering Act (PMLA), they said. In Jharkhand, the agency is covering about 18 locations as part of the investigation related to coal theft and smuggling. According to the sources, locations of entities named Anil Goyal, Sanjay Udhyog, L B Singh, and Amar Mandal are being covered. The collective scale of the case involves significant coal pilferage and theft, resulting in a massive financial loss to the government worth hundreds of crores of rupees, the sources said. In West Bengal, about 24 premises in Durgapur, Purulia, Howrah and Kolkata districts are being covered as part of an investigation into alleged illegal mining, transportation and storage of coal, they said.

ED files chargesheet against Robert Vadra in UK-based Sanjay Bhandari case

The Enforcement Directorate has filed a chargesheet against businessman Robert Vadra, husband of Congress MP Priyanka Gandhi Vadra, in a money laundering case linked to UK-based arms consultant Sanjay Bhandari, official sources said. The prosecution complaint has been filed before a special Prevention of Money Laundering Act (PMLA) court here, they said. This is the second money laundering chargesheet against Vadra. In July, he was chargesheeted by the ED in a money laundering case linked to alleged irregularities in a land deal in Haryana's Shikohpur. Vadra, 56, has been questioned by the ED in the Bhandari-linked case in the past. Bhandari, whose extradition request has been turned down by a UK court, was declared a fugitive economic offender by a Delhi court in July. The 63-year-old arms consultant fled to London in 2016 soon after the Income-Tax department raided him in Delhi. The ED filed a criminal case against Bhandari and others under the PMLA in February 2017, taking ...