Page 51 - Enforcement Directorate

Fintech major Paytm denies any ED investigation into money laundering

Meanwhile, the company has cautioned against speculation on reasons that prompted the Reserve Bank of India (RBI) to take action against Paytm Payments Bank

No ED investigation against company or CEO for money laundering: Paytm

The Enforcement Directorate is neither investigating One97 Communications, owner of Paytm brand, nor its Founder and CEO Vijay Shekhar Sharma for money laundering, the company said on Sunday. The ED had visited premises of the company and some other fintech firms like Razorpay in September 2022 for money laundering investigations against some of the merchants that were using their platforms. "Neither the Company nor its founder and CEO are being investigated by the Enforcement Directorate regarding inter alia money laundering. In the past, certain merchants/users on our platforms have been subject to enquiries and on those occasions, we have always cooperated with the authorities," Paytm said in a regulatory filing. The company said it has cooperated with the agencies during any investigations by the authorities on any set of merchants or users in the past. "We would like to set the record straight and deny any involvement in anti-money laundering activities. We have and continue t

Wrong advice landed Hemant Soren in jail, says JMM leader Lobin Hembrom

A day before the Champai Soren government in Jharkhand is scheduled to face a floor test, senior JMM leader Lobin Hembrom on Sunday claimed that wrong advice led to Hemant Soren's arrest by the ED. Hemant Soren, the former chief minister, has been arrested by the Enforcement Directorate in a money laundering case. "Hemant Soren repeatedly ignored my advice and eventually landed in jail... he has always been surrounded by wrong advisors," Hembrom a lawmaker from Borio seat in Sahibganj district, told reporters. Hembrom squarely blamed Hemant Soren's personal and media advisors, besides advisors from Jharkhand Mukti Morcha for his plight. He also objected to the move by the JMM-led alliance to shift MLAs to Hyderabad. Hembrom expressed displeasure over "such expenditure at a time when Jharkhand's majority populace struggled to meet both ends". He also demanded the implementation of the Chota Nagpur Tenancy Act and Santhal Parganas Tenancy Act. Both the Acts prohibit the sale of tri

ED 'fabricating evidence' against Hemant Soren: Rajya Sabha MP Kapil Sibal

Soren was on Friday remanded to five days' ED custody by a special PMLA court in Ranchi in connection with a money laundering case linked to an alleged land fraud

Govt's developmental works won't stop even if I am jailed: CM Kejriwal

Delhi Chief Minister Arvind Kejriwal on Sunday said the ongoing developmental works of his government for the people would not stop even if he was sent to jail. Laying the foundation stone of two school buildings at Kirari here, Kejriwal said, "Manish Sisodia was put in jail because he built schools. Satyendar Jain was sent to jail because he built Mohalla clinics." Kejriwal alleged that central agencies such as ED and CBI have been unleashed on them (AAP leaders). "But even if you put Kejriwal in jail, the (ongoing) works of building schools and Mohalla clinics and providing free treatment to the people of Delhi will not stop. The BJP wants us to join their party but we will not bow down," he asserted. Reacting on the interim Union Budget presented by Finance Minister Nirmala Sitharaman in Parliament on February 1, Kejriwal said it allocated only four per cent of the total budget for schools and hospitals while the Delhi government has been spending 40 per cent on education and ..

Govt's developmental works won't stop even if I am jailed: CM Kejriwal

Delhi Chief Minister Arvind Kejriwal on Sunday said the ongoing developmental works of the Delhi government like building schools and providing free treatment to the people will not stop even if he was sent to jail. Laying the foundation stone of two school buildings at Kirari here, Kejriwal said, "Manish Sisodia was put in jail because he built schools. Satyendar Jain was sent to jail because he built Mohalla clinics." Kejriwal said all central agencies like ED and CBI have been unleashed on them (AAP leaders). "But even if you put Kejriwal in jail, the (ongoing) works of building schools and Mohalla clinics and providing free treatment to the people of Delhi will not stop. The BJP wants us to join their party but we will not bow down," he asserted.

Excise scam: ED approaches court after Arvind Kejriwal skips 5th summon

The Enforcement Directorate on Saturday filed a complaint against Delhi Chief Minister Arvind Kejriwal in a court here for not appearing before it in a money laundering case linked to the alleged excise policy scam. The complaint was filed before Additional Chief Metropolitan Magistrate Divya Malhotra, who put up the matter for further hearing on February 7. "Fresh complaint case'for non-attendance in compliance of Section 50, PMLA, 2002, received by way of assignment," the judge noted. The judge heard the part arguments and adjourned the matter. "This is a fresh complaint case. Submissions heard. Put up for remaining submissions/ consideration on February 7, 2024," the judge said.

ED to probe Paytm Payments Bank if charges of fund siphoning found

The (RBI) on Wednesday ordered the payments bank unit of One 97 Communications, popularly known as Paytm, to stop accepting fresh deposits in its accounts or popular wallets from March

ED to transfer Hemant Soren from jail to its office for questioning

Jharkhand Mukti Morcha chief and former Chief Minister of Jharkhand Hemant Soren will be brought to the Enforcement Directorate's office from the Birsa Munda jail for questioning on Saturday.Hemant Soren was sent to five-day custody of the Enforcement Directorate by the High Court on Friday in connection with an alleged land scam case.The JMM chief was arrested by the ED after several summons in the alleged land scam case and several hours of questioning on Wednesday night.Meanwhile, amidst the political unrest in Jharkhand, Champai Soren took oath as the Chief Minister of Jharkhand on Friday at the Raj Bhavan in Ranchi.Alongside Soren, Congress' Alamgir Alam and RJD's Satyanand Bhokta also took the oath as ministers in the Jharkhand cabinet.Earlier, the ED said it had recovered cash worth in excess of Rs 36 lakh from the possession of the JMM chief, along with documents linked to the ongoing investigation into the alleged acquisition of land by 'fraudulent means'.The agency added ...

Meet Champai Soren, the new Jharkhand CM at helm amid political crisis

Champai Soren's appointment comes two days after former CM Hemant Soren resigned from his post before being arrested by the Enforcement Directorate in a money laundering case on Wednesday

J'khand people will deliver resounding response: Mamata on Soren's arrest

Condemning the arrest of JMM leader Hemant Soren, West Bengal Chief Minister Mamata Banerjee on Friday said the people of Jharkhand will deliver a "resounding response" to it. Stating that Soren was a close friend, Banerjee "vowed" to stand "unwaveringly" by his side. "I strongly condemn the unjust arrest of Shri Hemant Soren, a powerful tribal leader. The vindictive act by BJP-backed central agencies reeks of a planned conspiracy to undermine a popularly elected government," she posted on X. "He is a close friend of mine, and I vow to stand unwaveringly by his side, dedicated to protecting democracy in these trying times. The resilient people of Jharkhand will deliver a resounding response and emerge victorious in this crucial battle!" she added. Soren was arrested by the Enforcement Director on Wednesday in a money laundering case after he resigned as Jharkhand chief minister.

Champai Soren: From humble farm worker to Jharkhand's Chief Minister

Champai Soren, who once tilled fields with his father in a remote village in Jharkhand's Seraikela-Kharsawan district, has ascended to the chair of the state's chief minister. The 67-year-old tribal leader has earned the sobriquet "Jharkhand's Tiger" for his contribution to the long fight for the creation of a separate state in the 1990s. Jharkhand was created from the southern part of Bihar in 2000. A loyalist of Jharkhand Mukti Morcha president Shibu Soren, Champai became the leader of the JMM legislative party after Hemant Soren's resignation as the chief minister by the ED in a money laundering case and his subsequent arrest on the night of January 31. He is the seventh person to become Jharkhand's chief minister and the third from the JMM to reach that post after Shibu Soren and his son Hemant. "I used to work in farms along with my father (Simal Soren)... Now fate has offered me a different role," Champai Soren told PTI after being elected as the leader of the JMM legislative

SC dismisses Hemant Soren's plea on arrest, J'khand to get new CM: Updates

Hemant Soren's arrest followed after the ED questioned him for nearly six hours in his Ranchi residence, two days after raiding the south Delhi home of the ex-Jharkhand CM on Monday

Excise policy case: Delhi CM Kejriwal to skip ED summons for fifth time

Delhi Chief Minister Arvind Kejriwal will not appear before the Enforcement Directorate (ED) on Friday for questioning in an alleged money laundering case linked to the now-scrapped Delhi excise policy, according to the AAP. The ED on Wednesday had issued a fresh and the fifth summons to Kejriwal after he skipped four earlier summonses over the last four months. Kejriwal will not appear before the agency for questioning, the Aam Aadmi Party (AAP) said. Terming the summons "illegal", the party said the ED is repeatedly sending notices to Kejriwal to arrest him. The AAP also alleged that the BJP wants to topple its government in Delhi by getting Kejriwal arrested. The AAP will not let this happen, it said. The Delhi chief minister is, however, scheduled to take part in a protest of the AAP outside the BJP headquarters here at 11 am. Kejriwal skipped ED summonses for November 2 and December 21 in 2023 and January 3 and January 18 this year. He had called these notices "illegal". It

Delhi CM Kejriwal likely to skip ED summons for fifth time: Report

Delhi Chief Minister and AAP convener Arvind Kejriwal is unlikely to appear before the Enforcement Directorate (ED) on Friday for questioning in a money laundering case linked to the Delhi excise policy, sources in the party said. The ED on Wednesday issued a fresh and the fifth summons to Kejriwal after he skipped four earlier summonses issued by the federal agency over the last four months. Though the Aam Aadmi Party (AAP) remained tight-lipped about whether the Delhi CM will appear before the probe agency, sources in the party said that he is likely to skip the summons this time too. The AAP has maintained that its legal team is studying the summons issued to Kejriwal in connection with the excise policy linked money laundering case. Kejriwal is scheduled to participate in a protest along with his Punjab counterpart Bhagwant Mann outside the BJP headquarters on Friday against the alleged cheating in Chandigarh mayoral polls. On Tuesday, in a setback to the Congress and the AAP

Hemant Soren has 'illegal possession' of dozen land parcels in Ranchi: ED

Soon after he resigned as chief minister, Soren was arrested by the ED on Wednesday night. The agency had questioned him for over seven hours during the day

Court sends Hemant Soren to one-day judicial custody after arrest by ED

The Directorate of Enforcement had sought 10-day remand of the former Jharkhand Chief Minister but the order has been reserved

SC to hear Friday JMM leader Hemant Soren's plea against arrest

JMM leader Hemant Soren on Thursday moved the Supreme Court challenging his arrest by the Enforcement Directorate in a money laundering case. A bench comprising Chief Justice DY Chandrachud and Justices JB Pardiwala and Manoj Misra agreed to hear the plea of the former Jharkhand chief minister on Friday. Senior lawyers Kapil Sibal and Abhishek Singhvi, appearing for Soren, told the apex court that the leader will be withdrawing his plea from the Jharkhand High Court on the issue. Soren was arrested on Wednesday night in the case after resigning as the Jharkhand chief minister, and party loyalist and state transport minister Champai Soren was named as his successor. He was arrested after a marathon seven-hour grilling by the Enforcement Directorate in the case.

ED issues summons to NCP leader Rohit Pawar in MSC Bank scam case

Meanwhile, the NCP workers staged a hunger strike protest outside the NCP office in Mumbai against the probes by the central agency

ED conducting searches at India Cements Ltd offices in Fema probe

The Enforcement Directorate has conducted searches at the offices of leading Chennai-based cement manufacturer-- India Cements Ltd.-- as part of a foreign exchange violation investigation, official sources said on Thursday. Two office premises in Chennai and one in Delhi were covered by the federal probe agency over the last two days, as per provisions of the Foreign Exchange Management Act (FEMA), the sources said. The probe pertains to the affairs of its associate company India Cements Capital Ltd (ICCL) and transfer of funds abroad worth about Rs 550 crore, they said. The role of some alleged dubious agents and directors are under the probe scanner of the ED, they said. An official comment from the company to a PTI query is awaited. Founded in 1946, the company said on its website that "while retaining cement over the years as its mainstay, India Cements has ventured into related fields like shipping, captive power and coal mining.