Page 62 - Enforcement Directorate

Edtech major Byju's faces ED heat for Rs 9.4k crore 'forex violation'

Legal proceedings against the edtech firm have begun

National Herald probe: ED attaches Rs 752 cr assets of Cong-linked firms

The Enforcement Directorate (ED) on Tuesday said it has attached immovable assets and equity shares worth about Rs 752 crore as part of its ongoing money laundering investigation against the Congress-promoted National Herald newspaper and companies linked to it. The provisional attachment order came as the elections in five states of Chhattisgarh, Madhya Pradesh, Rajasthan, Telangana and Mizoram are in progress and the counting of votes is scheduled to be held on December 3. The Congress called the agency action as "petty vendetta tactics" and dubbed the ED a "coalition partner" of the BJP which, it claimed, is staring at a certain defeat in the assembly polls. The federal probe agency alleged in a statement that in this case the shareholders and donors of the Congress were "cheated" by the office-bearers of AJL and the party. A provisional attachment order has been issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA) against Associated Journals Lt

Always been fully compliant with FEMA regulations: Byju's assures investors

The edtech giant has reached out to all its investors regarding an alleged show-cause notice issued by ED and assured them that the firm has not violated any foreign exchange rules

ED issues notice to Byju's for violation of forex rules, firm denies

The agency has alleged violations by the company worth Rs 9,000 crore ($1.1 billion) under the Foreign Exchange Management Act (FEMA), the television channel reported

ED searches Congress' Telangana candidate Vivek Venkatswamy in FEMA case

The Enforcement Directorate on Tuesday searched the premises of Congress candidate from Telangana's Chennur seat Vivek Venkatswamy and some others as part of a foreign exchange violation probe, official sources said. They said the federal agency is undertaking the searches under the provisions of the Foreign Exchange Management Act (FEMA) in Chennur and Hyderabad, they said. The former MP, early this month, had resigned from the BJP and joined the Congress in the presence of party leader Rahul Gandhi in Hyderabad. With declared assets worth over Rs 600 crore, Vivek is the richest politician contesting the November 30 assembly polls in Telangana. Vivek and his wife own movable assets valued at Rs 377 crore, mostly shares in various companies, including his own Visaka Industries, which was founded in 1981. The family's immovable assets stood at over Rs 225 crore. According to the affidavit filed by him, Vivek and his wife have liabilities or loans worth Rs 41.5 crore. Vivek's annu

Amway generated proceeds of crime of over Rs 4k cr via MLM scheme: ED

Amway India, which runs a multi-level marketing (MLM) scheme, generated proceeds of crime worth more than Rs 4,000 crore and a substantial part of it was siphoned off to overseas bank accounts, the Enforcement Directorate alleged on Monday. The federal agency said this after filing a charge-sheet against Amway India Enterprise Pvt Ltd before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad. The court took cognisance of the prosecution's complaint on Monday, the Enforcement Directorate (ED) said in a statement. The criminal case of money laundering registered by the ED stems from multiple FIRs filed by the Telangana Police against Amway and its directors. It is alleged that they were promoting an "illegal money circulation scheme under the guise of sale of goods" and "cheating the general public by promising them very high commissions/incentives through simple enrolment of new members and by claiming that these commissions/incentives would continue in ...

SC seeks responses from Centre, ED on Sanjay Singh's plea against arrest

The Supreme Court on Monday sought responses from the Centre and the Enforcement Directorate on AAP leader Sanjay Singh's plea challenging his arrest and remand in a money laundering case related to alleged Delhi excise policy scam. A bench of Justices Sanjiv Khanna and SVN Bhatti issued notice to the Centre and the ED, and asked them to submit their responses before December 11. The bench ordered that if Singh files a petition for regular bail in the interregnum, then it should be considered independent of the observation made in the Delhi High Court's judgement dated October 20. Singh, who was arrested on October 4 in the case, had moved the top court challenging the High Court verdict. In its order, the High Court had refused to interfere with his arrest in the case, saying it could not impute a political motive to a premier investigating agency in the absence of material on record. It had also said that Singh's was not a "prima facie case of no evidence at all". The ED's money

ED files prosecution complaint against Met Technologies director, 8 others

ED investigation revealed that representatives of the said company targeted gullible residents in the USA, UK, and Australia, according to the press release

Vivo PMLA case: Delhi court seeks ED's response on Lava MD's bail plea

A court here on Saturday sought a response from the Enforcement Directorate on an application filed by the MD of Lava International Company seeking bail in a money-laundering case against Chinese phone-maker Vivo. Special Judge Tarun Yogesh issued a notice to the ED on the application filed by Hari Om Rai and directed the central probe agency to file its reply by November 29, when the court will further hear the matter. The court passed the direction after hearing arguments from Advocate Nitesh Rana, who, appearing for the accused, claimed that since Rai was not required for further custodial interrogation, no purpose will be served by keeping him in custody. "Accused has no role in money laundering and in the schedule offence. He is just an entrepreneur," Rana told the judge. Rai was arrested last month with a few others under the provisions of the Prevention of Money Laundering Act. The ED has alleged that Vivo "illegally" transferred Rs 62,476 crore to China in order to avoid .

Delhi govt sends Bamnoli land acquisition report to CBI, ED; seeks probe

The Delhi government has sent to the CBI and the ED a report of Vigilance Minister Atishi alleging "prima facie complicity" of Chief Secretary Naresh Kumar in the Bamnoli land acquisition matter, requesting a probe, government sources said on Thursday. Kumar has denied any wrongdoing and alleged that "mudslinging" was being done by people with "vested interests" against whom vigilance action was taken for corruption. On Wednesday, the 670-page report of Vigilance Minister Atishi was submitted to Lieutenant Governor V K Saxena by Chief Minister Arvind Kejriwal's office. It has demanded Kumar's suspension and claimed that the scale of "undue benefits" in the matter was more than Rs 897 crore. "The report was referred to the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) after the chief minister gave his go ahead," a source said. Compensation for 19-acre land in southwest Delhi's Bamnoli village for the NHAI's Dwarka Expressway project was allegedly raised

ED issues fresh summons to millionaire Singham in NewsClick PMLA case

A fresh summons was issued by the Enforcement Directorate to China-based American millionaire Neville Roy Singham for questioning in connection with a money laundering probe linked to online news portal NewsClick, officials said on Thursday. The 69-year-old businessman, who is accused of spreading Chinese propaganda in India, is stated to be currently based in Shanghai. The summons were sent to Singham recently on his personal email ID and also through the Chinese diplomatic channels after the ED routed them through the Ministry of External Affairs (MEA), the officials said. This is understood to be the second summons issued to Singham by the ED. The first was issued last year after the federal agency launched its investigation in 2021. The request has been sent under the Mutual Legal Assistance Treaty (MLAT) signed between India and China in 2003. Under this agreement, both countries shall promote cooperation for exchange of information on legal matters and cooperation in other le

NewsClick case: ED summons US millionaire Neville Singham to join probe

Neville Roy Singham's name first surfaced in a report by The New York Times, which alleged that the US millionaire was involved in spreading Chinese propaganda worldwide.

Waqf Board money laundering case: ED gets 3-day custody of three accused

As per ED, the money laundering case pertains to sell purchase of land for Rs. 13.40 crores. It is alleged that the transaction involves proceeds of crime

Religious conversions to be banned in Chhattisgarh under BJP rule: Rajnath

Chhattisgarh Assembly elections: Defence Minister Rajnath Singh said that forced religious conversion in the state will be prohibited if the BJP comes to power in Chhattisgarh

Former Delhi Dy CM Sisodia meets ailing wife after court's permission

Former Delhi deputy chief minister Manish Sisodia, currently in Tihar jail, met his ailing wife on Saturday after permission from a city court. Sisodia, who is in jail in connection with the alleged liquor scam case, was allowed to meet his wife for six hours between 10 am and 4 pm. Accompanied by police personnel, Sisodia reached his home on Mathura Road in a prison van at around 10 am and returned to the jail after the meeting time lapsed. During the brief time Sisodia spent with his wife, the AAP leader lighted diyas in his house on 'Choti Diwali'. He did not interact with mediapersons who were gathered outside his residence. Sharing a photo of Sisodia hugging his wife as he was leaving his house to return to jail, Delhi Chief Minister Arvind Kejriwal said, "This picture is very painful." "Is it right to do such injustice to a person who gave hope to the poor children of the country?" Kejriwal wrote on X. In June too Sisodia was granted permission by the Delhi High Court to me

3 arrested by ED in money laundering case against AAP MLA Amanatullah Khan

The Enforcement Directorate has arrested three people as part of a money laundering investigation against AAP MLA Amanatullah Khan linked to alleged irregularities in recruitment of staff for the Delhi Waqf Board, official sources said Saturday. The agency had last month raided the premises of the 49-year-old legislator who represents the Okhla constituency in the Delhi assembly. Three people have been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said. Their identities were not immediately known. The agency had alleged that Khan acquired "huge proceeds of crime" in cash from illegal recruitment of staff in the Delhi Waqf Board and invested these for purchasing immovable assets in the name of his associates. "The searches were conducted in the case related to illegal recruitment of staff in Delhi Waqf Board and illegal personal gains by way of unfairly leasing out of Waqf Board properties during the chairmanship of the board b

Land-for-jobs 'scam': ED arrests 'associate' of Lalu Prasad's family

The Enforcement Directorate has arrested Amit Katyal, an alleged associate of RJD chief Lalu Prasad and his son Tejashwi Yadav, in connection with a money laundering investigation into the alleged land-for-jobs scam case, official sources said on Saturday. Katyal was detained by the agency on Friday and was arrested after questioning, they said. He is expected to be produced before a local court where the ED will seek his custody for interrogation. Sources said Katyal was evading the agency's summons for questioning for about two months. The Delhi High Court had recently rejected his plea to quash the ED summons against him in this case. The premises of Katyal were raided by the federal agency in March when it had also covered the premises of Lalu Prasad, Bihar Deputy Chief Minister Tejashwi Yadav, his sisters and others. Katyal, according to the ED, is a "close associate" of the Rashtriya Janata Dal (RJD) supremo as well as a former director of A K Infosystems Private Limited. A

Money-laundering case: Rs 50 crore assets of Pawan Munjal attached

Federal agency seizes assets worth Rs 50 cr, including immovable properties worth Rs 25 cr, of businessman

SC issues notice to ED on Boinpally's plea challenging legality of arrest

The Supreme Court on Friday sought the Enforcement Directorate's (ED) response on a plea moved by businessman Abhishek Boinpally, who has been arrested in a money-laundering case related to the alleged Delhi excise policy scam, challenging the legality of his arrest by the agency. A bench of Justices Sanjiv Khanna and S V N Bhatti issued a notice to the ED and sought the agency's reply by November 20. The court was hearing Boinpally's plea against a Delhi High Court order that dismissed his plea challenging the legality of his arrest. Boinpally had challenged his arrest before the high court on the ground of non-compliance of section 19 of the Prevention of Money Laundering (PMLA), which deals with the procedure for arrest. Senior advocate Mukul Rohatgi, appearing in the court on behalf of Boinpally, referred to a recent apex court judgment and said the ED must furnish the reasons of arrest to the accused in writing. The top court said it will take up the matter along with Boinpal

ED attaches Rs 24.95 cr worth properties of Hero MotoCorp's Pawan Munjal

The Enforcement Directorate on Friday said it has attached assets worth Rs 24.95 crore of Hero MotoCorp executive chairperson Pawan Kant Munjal as part of a money laundering investigation against him. Three immovable properties of Munjal located in Delhi have been provisionally attached under the provisions of the Prevention of Money Laundering Act (PMLA), the central agency said in a statement. Munjal, it said, is the CMD and Chairman of Hero MotoCorp Ltd and the assets are worth about Rs 24.95 crore. The ED had carried out raids against Munjal and his companies in August after filing a PMLA case against him that was filed after taking cognisance of a Directorate of Revenue Intelligence (DRI) charge sheet that accused him of taking foreign exchange/currency out of India illegally. "The prosecution complaint alleges that foreign currency/foreign exchange equivalent to Rs 54 crore was illegally taken out of India," the ED said.