Page 71 - Enforcement Directorate

3,110 money laundering, 12K FEMA cases registered by ED in last 3 yrs: Govt

The Enforcement Directorate has registered 3,110 cases under the anti-money laundering law and over 12,000 complaints to probe alleged foreign exchange violations over the last three years, the government informed Parliament on Monday. Minister of State for Finance Pankaj Chaudhary told Lok Sabha in a written reply that the ED has recorded cases on the basis of a "risk-based robust mechanism" under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) and the Foreign Exchange Management Act, 1999 (FEMA). The number of cases recorded under the PMLA in 2020-21 was 981, during 2021-22, it rose to 1,180 and there were 949 cases during 2022-23, he said in the reply. The total money laundering cases registered in these three years stand at 3,110. Similarly, the federal agency booked 2,747 cases under the FEMA during 2020-21; 5,313 during 2021-22; and 4,173 cases in 2022-23. So a total of 12,233 FEMA cases were registered by the ED in the last three years. He also gave t

Lalu Yadav's family: Assets worth Rs 6 cr seized in land-for-jobs case

Enforcement Directorate seized assets in alleged corruption case against former Chief Ministers Lalu Yadav and Rabri Devi, along with Bihar Deputy Chief Minister Tejashwi Yadav

Notice issued to ED on Sisodia's plea seeking permission to withdraw cash

Sisodia has sought permission to withdraw the amount as the bank is not allowing it to withdraw without written orders from the court

ED raids Haryana Cong MLA Chhoker in money laundering case; seizes cars

Four luxury cars, jewellery worth Rs 14.5 lakh and Rs 4.5 lakh in cash have been seized following raids against Haryana Congress MLA Dharam Singh Chhoker and companies "owned and controlled" by him in a money laundering case linked to alleged cheating of homebuyers, the Enforcement Directorate said on Monday. The 59-year-old legislator from the Samalkha in Panipat district is stated to be the "owner and promoter" of the Mahira real estate group along with his sons Sikander Singh and Vikas Chhoker. The action under criminal sections of the Prevention of Money Laundering Act came after the ED launched searches against the legislator, Sai Aaina Farms Pvt Ltd (now Mahira Infratech Pvt Ltd), other companies of the Mahira Group and some others on July 25, it said in a statement. Eleven locations in Samalkha, Gurugram and Delhi were raided by the federal probe agency. The money laundering case stems from an FIR filed by the Gurugram Police against Sai Aaina Farms Pvt. Ltd. for "cheating a

Delhi court denies default bail to 3 PFI members in money laundering case

A Delhi court has denied "default bail" to three members of the banned Popular Front of India (PFI), who are accused in a money-laundering case related to alleged terror activities. Special Judge Shailender Malik dismissed the applications of accused Mohammad Ilias, Mohammad Perwez Ahmed and Abdul Muqeet, seeking default bail in the money-laundering case lodged by the Enforcement Directorate (ED), saying he did not find any case made out for the relief. The accused were arrested on September 22, 2022 and are currently in judicial custody. The ED had filed a prosecution complaint (the federal agency's equivalent of a chargesheet) against them on November 19, 2022. The accused submitted that the ED had filed the prosecution complaint without completing its investigation and thereby, they should be granted default bail. Special Public Prosecutor N K Matta, who appeared in the court on behalf of the ED, submitted that merely because "further investigation" is going on, it cannot be ...

'Ulterior political motives': Oppn slams govt over extension to ED's Mishra

The opposition slammed the BJP-led Centre on Friday over the extension of the tenure of Enforcement Directorate (ED) chief Sanjay Kumar Mishra till September 15, alleging that this was done with "ulterior political motives" and was aimed at targeting the leaders of the INDIA bloc with "false cases" to weaken the alliance. The Supreme Court on Thursday extended Mishra's tenure till the midnight of September 15 in larger "public and national interest", after the Centre asserted that his continuity is necessary in view of the ongoing FATF peer review and attempts by India's neighbours to ensure that the country gets into the "grey" list. The top court, which initially made a sharp observation and asked "are we not giving a picture that there is no other person and the entire department is full of incompetent people", subsequently relented and accepted the Centre's request for extending Mishra's tenure, but for a month less than what was sought. Addressing a joint press conference outsi

Delhi excise policy scam: Court denies 'default bail' to Vijay Nair

A Delhi court on Thursday dismissed an application of former AAP communications in-charge Vijay Nair seeking 'default bail' in a money laundering case related to the alleged Delhi excise policy scam. Special Judge M K Nagpal denied the relief to the accused, saying that the issue was already dealt with by the Delhi High Court, which had dismissed Nair's application for grant of regular bail sought on the ground that the Enforcement Directorate had field a "piecemeal or incomplete prosecution complaint" (ED's equivalent to a charge sheet) regarding him. In view of the above...it is held that this court is not competent or the appropriate forum to consider the above point or ground for default bail of the accused and the appropriate course available to the accused is to approach the same Judge or Bench of the High Court with a request for consideration of the said point or ground... With the above observations and findings, the present application filed by accused Vijay Nair is being .

S K Mishra to continue as Enforcement Directorate chief till Sept 15: SC

The order comes after the government had filed an appeal for an extension of the deadline till October 15

SC 'amazed' at order passed by Allahabad HC, calls it self-contradictory

From Gyanvapi to ED director Sanjay Kumar Mishra's tenure, here are important developments from the apex court on Wednesday

Centre moves SC seeking extension of tenure for ED chief SK Mishra

In a judgement earlier this month, the Supreme Court had dubbed the extension of ED chief Sanjay Kumar Mishra as illegal

AG writes to Centre on setting panel to examine hanging death row convicts

From ED's opposition to Preeti Chandra's bail to plea for urgent hearing on SIMI, here's what happened in the Supreme Court today

ED registers 490 fraud cases related to NPAs worth over Rs 20 crore

The Directorate of Enforcement has recorded 490 bank fraud cases related to non-performing assets (NPAs) of Rs 20 crore or more in the last 5 years under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA), Parliament was informed on Tuesday. "As on July 20, 2023, proceeds of crime amounting to Rs 26,732.68 crore approx. have been attached/freezed, 82 persons have been arrested and 80 prosecution complaints have been filed before the special court, PMLA in these cases," Minister of State for Finance Bhagwat Karad said in a written reply to the Rajya Sabha. Further, he said, assets worth Rs 15,113.02 crore have been confiscated and restituted to public sector banks. In the case of an account classified as NPA, banks initiate recovery action under various recovery mechanisms, such as filing a suit in civil courts or in debts recovery tribunals, action under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002, filin

ED conducts searches in Delhi Jal Board linked money laundering case

The Enforcement Directorate (ED) has conducted searches in a money laundering case linked to alleged irregularities and siphoning of funds of the Delhi Jal Board (DJB), official sources said on Tuesday. The raids were carried out in the national capital on Monday at about 10 premises as part of the investigation being carried out under the provisions of the Prevention of Money Laundering Act (PMLA). The agency has collected some documents and records, the sources said. The ED probe is stated to be based on a November, 2022 FIR of the Delhi government's anti-corruption branch (ACB) for alleged embezzlement of Rs 20 crore funds from the DJB.

Over 93% conviction rate in money laundering cases in 9 years: Govt

The Enforcement Directorate (ED) has reported a conviction rate of more than 93 per cent in money laundering cases over the last nine years, the government informed the Parliament on Monday. The federal agency also has a vacancy of over 25 per cent as of July 13, Minister of State for Finance Pankaj Chaudhary said in a written reply in the Lok Sabha. As per his statement, the ED has a sanctioned strength of 2,075 staffers and out of this it has 1,542 posts occupied at present. "During the last nine years, the trial has been completed in 31 PMLA cases which resulted in conviction of 54 accused in 29 cases. Thus, as on date, rate of conviction under PMLA is 93.54 per cent," the minister said while replying to a question on ED's conviction rate in money laundering cases during the last nine years. The ED was entrusted to enforce stringent provisions of the Prevention of Money Laundering Act (PMLA), enacted in 2002, from July 1, 2005. It also enforces the Foreign Exchange Management A

ED arrests Samajwadi Party politician in ponzi linked money laundering case

The Enforcement Directorate on Monday said it has arrested an Uttar Pradesh-based state secretary of the Samajwadi Party after it raided his premises in Noida as part of a money laundering investigation linked to the 'Bike Bot' alleged Ponzi scam. Dinesh Kumar Singh alias Dinesh Singh Gujjar was arrested on July 21 and a special Prevention of Money Laundering Act (PMLA) court sent him to ED custody till July 26, the agency said in a statement. The money laundering case stems from multiple FIRs filed by the Uttar Pradesh Police on the basis of complaints made by certain investors about the 'Bike Bot' fraud allegedly committed by Garvit Innovative Promoters Ltd. (GIPL), its promoter Sanjay Bhati and others. Bhati and others are alleged to have floated lucrative investment scheme in the name of 'BIKE BOT' in 2017, the ED said. As per the scheme, it said, a customer could invest in 1, 3, 5 or 7 bikes which would be maintained and operated by the company and the investors would be paid

In political palette of TN, saffron is a colour DMK wants turned pallid

On June 14, Balaji was arrested by the Enforcement Directorate (ED) after 18 hours of interrogation and a search of his official residence and chamber at the state Secretariat

SC seeks ED's reply on Senthil Balaji's plea against HC order in PMLA case

The Supreme Court on Friday sought response from the Enforcement Directorate (ED) on the pleas of Tamil Nadu Minister V Senthil Balaji and his wife Megala challenging the July 14 order of the Madras High Court upholding his arrest by the probe agency in a money laundering case. A bench of Justices A S Bopanna and M M Sundresh issued a notice to the ED on the pleas and posted the matter for hearing on July 26. The minister and his wife have filed two separate petitions in the top court challenging the high court order. Besides upholding the arrest of the minister, the high court had held as valid his subsequent remand in judicial custody by a sessions court in the money laundering case arising out of the alleged cash-for-jobs scam in the state's transport department when he was the transport minister. He continues to be a minister without portfolio in the Tamil Nadu cabinet. During the hearing in the apex court, senior advocate Kapil Sibal, appearing for the petitioners, referred t

PMLA case: SC seeks ED's reply on plea by Senthil Balaji against HC order

The Supreme Court on Friday sought response from the Enforcement Directorate (ED) on the pleas of Tamil Nadu Minister V Senthil Balaji and his wife Megala challenging the July 14 order of the Madras High Court upholding his arrest by the probe agency in a money laundering case. A bench of Justices A S Bopanna and M M Sundresh issued notice to the ED on the pleas and posted the matter for hearing on July 26. The minister and his wife have filed two separate petitions in the top court challenging the high court order. Besides upholding the arrest of the minister, the high court had also held as valid his subsequent remand in judicial custody by a sessions court in the money laundering case arising out of the alleged cash-for-jobs scam in the state's transport department when he was the transport minister. He continues to be a minister without portfolio in the Tamil Nadu cabinet. Justice C V Karthikeyan, who was named as a third judge by the high court to hear the habeas corpus petit

SC seeks ED's reply on plea by Senthil Balaji against HC order in PMLA case

The Supreme Court on Friday sought response from the Enforcement Directorate (ED) on the pleas of Tamil Nadu Minister V Senthil Balaji and his wife Megala challenging the July 14 order of the Madras High Court upholding his arrest by the probe agency in a money laundering case. A bench of Justices A S Bopanna and M M Sundresh issued notice to the ED on the pleas and posted the matter for hearing on July 26. The minister and his wife have filed two separate petitions in the top court challenging the high court order. Besides upholding the arrest of the minister, the high court had also held as valid his subsequent remand in judicial custody by a sessions court in the money laundering case arising out of the alleged cash-for-jobs scam in the state's transport department when he was the transport minister. He continues to be a minister without portfolio in the Tamil Nadu cabinet.

ED files fresh case against former Jet Airways promoter Naresh Goyal

The Enforcement Directorate has conducted eight searches so far in locations linked to Naresh Goyal after filing a fresh case where Canara Bank is the complainant