Page 74 - Enforcement Directorate

ED seizes cash, gold, diamonds while raiding slain Atiq Ahmad's aides

The allegations against them include kidnapping, extortion and assault

ED seizes Rs 30.60 cr in assets linked to Pandora Papers Leaks case

Investments in securities worth Rs 30.60 crore have been seized in connection with an alleged foreign exchange violation case against Vikram Swarup and Gaurav Swarup whose name figured in global financial data leaks called 'Pandora Papers', the Enforcement Directorate (ED) said on Saturday. The Pandora leaks stated the Indian businessmen brothers were "beneficial owners" in a company, Epsilon Enterprises Ltd, incorporated in British Virgin Islands, the agency said in a statement. The 'Pandora Papers' global leaks surfaced in 2021 after the International Consortium of Investigative Journalists (ICIJ) came out with 2.94 terabyte of data trove that exposed the offshore secrets of wealthy elites from more than 200 countries and territories including India. The investigation was stated to be based on a leak of confidential records of 14 offshore service providers that give professional services to wealthy individuals and corporations seeking to incorporate shell companies, trusts, ...

ED arrests 2 M3M directors in fresh money laundering case linked to bribery

The Enforcement Directorate (ED) on Thursday said it has arrested Basant Bansal and Pankaj Bansal, directors of Gurugram-based realty group M3M, in a money laundering probe linked to an alleged bribery case against a former judge and others. The two were taken into custody by the federal investigation agency on Wednesday under the Prevention of Money Laundering Act (PMLA). Basant Bansal and Pankaj Bansal were produced before a special PMLA court in Panchkula, which sent them to five-day ED custody, the agency said in a statement. The money laundering case in which the arrests have been made pertains to a Haryana Police Anti-Corruption Bureau (ACB) FIR filed in April against Sudhir Parmar, a former special judge for ED and Central Bureau of Investigation (CBI) cases who was posted in Panchkula, his nephew and a third M3M group director Roop Kumar Bansal. According to the FIR, the ED said, reliable information was received that Parmar was showing "favouritism" to the accused, namely

AIADMK asks ED, I-T dept to probe corruption charges against Udayanidhi

In an audio tape allegedly of then Tamil Nadu finance minister, P Thiagarajan (PTR), there were allegations against Udayanidhi and Sabareesan

BJP wants to do its politics through ED, says Stalin on TN minister arrest

Once again training his guns against the ruling BJP over the Enforcement Directorate (ED) action against his cabinet colleague V Senthil Balaji, Tamil Nadu Chief Minister M K Stalin on Thursday alleged the saffron party's leadership was engaged in "anti-people" politics and "wants to do its politics through the ED." In a video posted on his official Twitter handle, Stalin also slammed the ED for its handling of Electricity and Prohibition and Excise minister Balaji, which it had arrested, alleging the DMK leader was subject to "mental pressure," and subsequently suffered a health issue. "You all are aware of the unfair troubles being given to Senthil Balaji by the ED. None has any doubt that it is brazen political vendetta. Taking up a case that is 10 years old, he was confined and subjected to mental pressure. He was mentally and physically weakened and even suffered a life-threatening heart disease because of the ED. Can there be any more brazen political vendetta," Stalin ...

Tamil Nadu court rejects Senthil Balaji's plea against remand for 15 days

A Principal Sessions Court in Chennai rejected Tamil Nadu Minister Senthil Balaji's petition seeking to reject his remand for 15 days

TN SHRC member visits Senthil; quotes min as saying he was treated 'badly'

Tamil Nadu State Human Rights Commission (TNSHRC) member V Kannadasan on Thursday met arrested state minister V Senthil Balaji in a hospital and said the latter had told him he was "treated badly" by the Enforcement Directorate (ED) officials who had arrested him on June 14 in a cash for jobs scam. The opposition AIADMK took exception to Kannadasan's visit to the government hospital to meet Balaji, claiming he had spoken in favour of the ruling DMK in the past in TV debates. Citing his meeting Balaji, Kannadasan stated the minister said he was "treated badly" by ED officials during his arrest. "He said he was dragged and suffered an injury in his head," Kannadasan said. He said he visited the hospital based on both reports and complaints. However, only the doctors can confirm about the injuries said to have been suffered by Balaji, state Electricity and Excise and Prohibition minister. The TNSHRC will look into the matter, he added. Meanwhile, senior AIADMK leader and former MLA

ED arrests two promoters of Gurugram-based M3M in money laundering case

The Enforcement Directorate (ED) has arrested Basant Bansal and Pankaj Bansal, directors of Gurugram-based realty group M3M, in a money laundering matter linked to an anti-corruption bureau case against a Panchkula-based former special court judge, official sources said Thursday. The two directors were taken into custody by the agency on Wednesday under the provisions of the Prevention of Money Laundering Act (PMLA). The money laundering case in which they have been arrested pertains to a Haryana anti-corruption bureau (ACB) FIR filed in April against the former special court judge, his nephew and a third M3M group director Roop Kumar Bansal. The judge, according to the ACB FIR, was alleged to have been showing favouritism in the ED and CBI cases against the M3M group directors and another real estate group called IREO. The judge was later suspended by the Punjab and Haryana High Court. All the people accused in the ACB case have denied wrongdoing. The ED, on June 1, carried out

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TN Minister Senthil misused office to engineer cash-for-jobs 'scam': ED

Tamil Nadu minister Senthil Balaji allegedly "misused" his office for illegal gratification and "engineered" a job racket scam in the state transport undertakings during 2014-15 with purported kickbacks paid by candidates through his associates, the ED informed a local court on Wednesday hours after arresting the DMK leader. Calling him the "prime suspect" in the cash-for-jobs case, the federal probe agency also stated in its custody papers that alleged unaccounted cash deposits worth about Rs 1.60 crore were made in the bank accounts of Balaji and his wife. Balaji, 47, was arrested under the criminal sections of the Prevention of Money Laundering Act (PMLA) by the agency here on Wednesday after it launched searches the previous day at his premises and those linked to him in Chennai and some other locations. Chief Minister M K Stalin slammed the ED raids against Balaji as "intimidation politics" by the Centre. Balaji was admitted to a city government hospital after he complained of

Who is T Venkattram Reddy, the man arrested by ED in money-laundering case

Reddy is the former owner and promoter of Deccan Chronicle Holdings Limited (DCHL); ED alleges that he was involved in money laundering and submitted fake documents

Who is Tamil Nadu minister Senthil Balaji, arrested by ED on Wednesday?

Tamil Nadu minister Senthil Balaji was arrested in the wee hours on Wednesday in an alleged money-laundering case related to a job-for-cash scam

Rajasthan govt waives off registration fee of ED regional office building

The Rajasthan government has waived off the registration fee of the Enforcement Directorate's office here

Arrested TN minister Balaji undergoes coronary angiogram, advised bypass

Arrested Tamil Nadu Minister V Senthil Balaji has undergone coronary angiogram and has been advised bypass surgery at the "earliest", the hospital treating him said on Wednesday. The Electricity Minister was arrested by the Enforcement Directorate in connection with a money laundering case earlier in the day. Balaji "underwent coronary angiogram at 10.40 am" on June 14, a medical bulletin issued by the Director of the Tamil Nadu Government Multi Super Speciality Hospital, Omandurar Estate, said. "Coronory angiogram revealed triple vessel disease for which CABG (coronary artery bypass graft) - bypass surgery is advised at the earliest," it said.

ED arrests former promoter Venkatram of DCHL in money laundering case

The Enforcement Directorate has arrested T Venkatram Reddy, a former promoter of the Deccan Chronicle Holdings Limited (DCHL), as part of a money laundering investigation linked to an alleged bank fraud case, official sources said on Tuesday. Reddy was taken into custody under the Prevention of Money Laundering (PMLA) by the federal agency's Hyderabad office, they said. The agency had said in 2020 that its probe found that "the three promoters of DCHL namely P K Iyer, T Venkatram Reddy and T Vinayakravi Reddy hatched a well planned conspiracy and manipulated the balance sheets of the company inflating the profits-advertisement revenue and grossly under-stated the financial liabilities of the company to paint a rosy picture for years to cheat the banks and its shareholders." The company, at that time, was stated to be under corporate insolvency resolution process. A resolution plan for only Rs 400 crore has been approved by the NCLT. The total loan fraud committed by DCHL and its ..

ED arrests TN Minister Senthil Balaji under anti-money laundering act

The Enforcement Directorate (ED) on Wednesday arrested Tamil Nadu Electricity Minister V Senthil Balaji under the Prevention of Money Laundering Act (PMLA), official sources said. He was arrested after a long session of questioning, they said, even as the minister was admitted to a city government hospital after he complained of uneasiness. He is likely to produced before a special court later where the agency will seek his custody. The agency had launched multi-city searches in the state on Tuesday at the premises linked to the DMK's Karur strongman as part of the probe into money laundering. The action came months after the Supreme Court allowed a police and ED probe into an alleged cash for jobs scam against him. Earlier, he was hospitalised after he complained of uneasiness, DMK leaders said. State Minister P K Sekar Babu claimed there were 'symptoms' that Balaji has been 'tortured.' TV visuals showed Balaji being uneasy while being brought to the Government Medical College,

ED raids Tamil Nadu's electricity minister in money laundering probe

The Enforcement Directorate (ED) on Tuesday conducted searches against Tamil Nadu Electricity department minister V Senthil Balaji and some others as part of a money laundering investigation, official sources said. The raids are being carried out at Balaji's premises in state capital Chennai and Karur. The Supreme Court had last month allowed a police and ED probe into an alleged cash-for-jobs scam against Balaji, who also holds the Prohibition and Excise portfolio. The searches are being undertaken under the provisions of the Prevention of Money Laundering Act (PMLA), they said. Last month, the Income-tax department too had searched people close to Balaji in the state.

Bengal school job case: Bizman who donated bungalow to trust under scanner

A Kolkata-based businessman, who donated a highly expensive bungalow to a private trust owned by Sujay Krishna Bhadra a.k.a. Kalighater Kaku (uncle of Kalighat) has come under the scanner of ED

M3M director sent to ED custody for alleged diversion of investors' funds

The Enforcement Directorate (ED) on Friday confirmed that it has arrested Roop Kumar Bansal, promoter-director of real estate firm M3M Group, for alleged diversion of Rs 400 crore from the investors

FEMA authority slaps show-cause notices on Xiaomi, 3 foreign banks

According to the ED, the company started operations in India in 2014 and began remitting money in 2015. It has remitted money to three foreign entities, including one of its group units