Page 6 - Enforcement Directorate

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 ...

ED attaches ₹1,452 crore fresh assets linked to Anil Ambani Reliance group

The ED said RCom and its group companies availed loans from multiple domestic and overseas lenders between 2010 and 2012, with outstanding dues now at ₹40,185 crore and several accounts declared fraud

ED attaches fresh assets in case against Anil Ambani's Reliance Group

The Enforcement Directorate (ED) has attached fresh assets worth crores of rupees as part of a money laundering probe related to Reliance Group chairman Anil Ambani and his companies, official sources said. The federal investigative agency had earlier attached properties worth Rs 7,500 crore in this case. The latest provisional attachment order has been issued under the Prevention of Money Laundering Act (PMLA) for the assets located in various parts of the country. It is estimated that assets worth over Rs 1,400 crore have been attached as part of the latest order, the sources said.

ED arrests Lalu Prasad family aide Amit Katyal in real estate fraud case

The Enforcement Directorate has arrested Amit Katyal, a real estate businessman considered close to RJD chief Lalu Prasad's family, in a money laundering case linked to alleged cheating of homebuyers in Gurugram, official sources said. Katyal was taken into custody by the Gurugram zonal office of the agency on Monday under the Prevention of Money Laundering Act (PMLA), they said. A special court in Gurugram sent him to six-day ED custody. The investigation pertains to the allegations of non-delivery of flats in the Krrish Florence Estate built in Gurugram's Sector 70 over 14 acres. The project was being developed by Katyal's company, Angle Infrastructure Pvt Ltd. Katyal was arrested by the ED also in 2023 in a separate money laundering case related to the railways' alleged land-for-jobs scam involving Lalu Prasad, his wife Rabri Devi, and other family members. The businessman was chargesheeted in August by the federal agency in a third case for allegedly cheating homebuyers for Rs

Al Falah chairman had reasons to flee, ₹415 cr tainted funds identified: ED

Siddiqui was taken into custody by the federal probe agency on Tuesday night after it conducted day-long searches against the Al Falah University group of Faridabad

ED attaches nine UAE luxury properties in ₹1,266 cr SBI fraud case

The attached properties are in the form of apartments and commercial spaces, worth Rs 51.70 crore. These properties were attached on November 17

ED arrests Al Falah group chairman in Red Fort blast-linked probe

The Enforcement Directorate on Tuesday arrested Jawad Ahmed Siddiqui, chairman of the Al Falah group, after it conducted simultaneous searches in Delhi-NCR against the trustees and promoters of Faridabad-based Al Falah University, which has been at the centre of the probe into the Red Fort area car blast case, officials said. Siddiqui has been taken into custody under the criminal provisions of the Prevention of Money Laundering Act (PMLA) and is being produced before a competent court for remand, they said. The agency has also seized Rs 48 lakh in cash during the searches that began around 5:15 am, according to sources. Multiple teams of the federal probe agency raided at least 25 premises of the Al Falah Trust and the university establishment. Officials of the agency also raided an office in Delhi's Okhla area, with a security cordon being provided by the police and paramilitary forces. Fifteen persons were killed in the blast that took place on November 10 near the iconic monum

Court frames charges against Nawab Malik in PMLA case linked to Dawood

The Enforcement Directorate registered the case in 2022 and arrested Malik in February that year. He is currently out on medical bail granted by the Supreme Court

SC issues notices to Centre, CBI, ED, and Anil Ambani on PIL alleging fraud

The Supreme Court on Tuesday issued notices to the Centre, CBI, ED, Anil Ambani and others on a PIL seeking a court-monitored probe into alleged massive banking and corporate fraud involving Reliance Communications (RCOM), its group companies and their promoter. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran took note of the submissions of lawyer Prashant Bhushan, appearing for PIL petitioner and former Union secretary E A S Sarma, and sought the replies within three weeks. The bench has now posted the PIL for further hearing after three weeks. Bhushan alleged that the probe agencies are not investigating the alleged complicity of banks and their officials in the huge banking fraud. He sought a direction to the CBI and the ED to file respective status reports with regard to the probe against banks and their officials in the case. Issue notice returnable in three weeks. Let them file their replies, the CJI said. The PIL alleged systematic diversion of publi

ED raids Al Falah University, linked persons in Delhi Red Fort blast case

The Enforcement Directorate on Tuesday launched searches against the Al Falah University of Faridabad and its promoters and linked persons as part of its investigation related to the Red Fort area terrorist blast case, sources said. Teams of the federal probe agency have been searching multiple locations in the Delhi-NCR since early morning, sources said. It is understood that the ED is taking action under the anti-money laundering law following cognisance of the first information reports filed by the NIA and the Delhi Police in the case. The agency is investigating finances and purported terror financing links in the matter. Sources said the searches began around 5 am, and the trustees of the University are also being raided. Till now, the NIA has arrested two persons, allegedly close aides of "suicide bomber" Dr Umar Nabi. The Al Falah varsity is located in the Dhouj area of Faridabad district in Haryana near Delhi, and it is a medical college-cum-hospital.

'No ex parte order': Court denies Anil Ambani's plea to halt media coverage

A Delhi court refused Anil Ambani's request to stop media reports on alleged ₹41,000-crore fraud, saying it will hear all media organisations first before deciding on any interim order

Anil Ambani skips ED summons in Fema case, says ready to depose virtually

Reliance Group Chairman Anil Ambani refused to appear before the Enforcement Directorate in a Foreign Exchange Management Act (FEMA) case for the second time on Monday. The businessman said he was ready to depose before the federal probe agency via "virtual appearance/recorded video", a statement he made when he skipped the summons the first time on November 14. The ED had rejected Ambani's offer and issued him a fresh summons for Monday. It was not clear if the agency would issue a third summons now. Proceedings under the FEMA are civil in nature, as against the criminal processes under the anti-money laundering law. In a statement, a spokesperson of the 66-year-old businessman said, "Mr Anil D. Ambani has offered to make himself available for the recording of his statement, at any date and time suitable to ED, via virtual appearance/recorded video." According to sources, the agency had asked Ambani to appear before it in person on Friday and record his statement under the FEMA.