Page 75 - Enforcement Directorate

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

ED issues notices to Xiaomi, 2 senior executives for FEMA violations

The federal probe agency had seized Rs 5,551.27 crore worth of funds of Xiaomi Technology India Private Limited lying in its bank accounts under the FEMA for unauthorised remittance

ED, CBI, I-T dept should not work under pressure: Rajasthan CM Gehlot

Rajasthan Chief Minister Ashok Gehlot on Friday said central agencies like the ED, CBI, and I-T department should not work under any pressure. The statement comes in the wake of the Enforcement Directorate (ED) conducting searches at multiple locations in the state in connection with a money laundering probe into allegations of exam paper leaks for the recruitment of teachers. Reacting to the ED raids, Gehlot told reporters in Khandela, Sikar, "I had already said that the ED was waiting (to enter the state). We know that wherever elections are held in the country, the ED goes there first. They are given a list." "It is not appropriate for the ED to work under pressure. Be it CBI, ED, or Income Tax Department, if these agencies work impartially, without pressure, then we will welcome them," he added. Gehlot reiterated that if an opposition party is in power in a poll-bound state, the Centre sends its agencies there. "I would ask the officials of the ED, CBI, and Income Tax to pleas

Money laundering case: ED seizes Rs 7.5 cr cash, FDs after raids in Bihar

Cash and fixed deposits worth about Rs 7.5 crore have been seized after raids were carried out in a money laundering case linked to alleged illegal sand mining by some companies that led to the loss of Rs 250 crore revenue for the Bihar government, the ED said on Friday. The searches were carried out on June 5 at twenty-seven locations in Patna, Dhanbad and Hazaribagh in Jharkhand and Kolkata at the premises of the two firms Broadson Commodities Pvt. Ltd., Aditya Multicom Pvt. Ltd., their directors, chartered accountants and other associates, the agency said in a statement. The money laundering case was filed by the Enforcement Directorate after taking cognisance of various Bihar Police FIRs filed against the accused. The police FIRs, the ED said, were registered on the basis of complaints from the Bihar mining department against the accused for "illegal sand mining and its sale without using the departmental pre-paid transportation e-challan issued by the mining authority, thereby

ED arrests M3M director Roop Kumar Bansal in connection with PMLA case

The Enforcement Directorate (ED) has arrested M3M Promoter Roop Kumar Bansal in connection with a Prevention of Money Laundering case, said sources on Friday

Call after polls: Abhishek Banerjee refuses to comply with ED summon

TMC National General Secretary Abhishek Banerjee declined to comply with an Enforcement Directorate (ED) summon issued to him on Thursday in connection with the alleged teacher recruitment scam

REET paper leak: ED seizes incriminating documents during Rajasthan raids

The Enforcement Directorate probing the REET paper leak case in Rajasthan have sealed the residences and offices of accused RPSC member Babulal Katara, Suresh Dhaka and Suresh Kumar Vishnoi

Panama Papers: ED seizes Rs 2.74 cr assets of Kolkata business family

The Enforcement Directorate (ED) on Monday said it has seized Rs 2.74 crore worth assets of a Kolkata-based business family which allegedly held a Swiss bank account and whose name figured in the Panama Papers leak. The properties, seized under the Foreign Exchange Management Act (FEMA), include fixed deposits, bank balance and land at Kolkata belonging to Shyama Prasad Murarka (deceased) and Sanjay Murarka, the agency said. Panama Leaks stated that Shyama Prasad Murarka and Sanjay Murarka were "directors and shareholders in a company called Billipack Limited that was incorporated in the British Virgin Islands", it said. The Murarkas were the "beneficiaries in the bank account of Billipack Limited maintained with HSBC, Switzerland. The investigation found that the Murarka family was holding assets in the form of foreign exchange in various accounts with HSBC Switzerland in their name and in the name of Billipack Limited in contravention of FEMA". The Panama Papers is referred to an

ED conducts search operations in multiple cities in Rs 122 cr GST fraud

The ED initiated money laundering investigation based on FIRs registered by Bhavnagar Police under various sections of IPC, against Bomar and others

ED raids realty groups IREO, M3M, seizes luxury cars worth Rs 60 crore

The ED on Monday said it has seized luxury cars worth Rs 60 crore, including those of Ferrari, Lamborghini, and Bentley, and jewellery valued at Rs 5.75 crore during raids on real estate companies IREO and M3M in a money laundering investigation. The federal agency said in a statement that the searches were carried out on June 1 at seven of their locations in Delhi and Gurugram. The owners, controllers and promoters of the M3M Group -- Basant Bansal, Roop Kumar Bansal, Pankaj Bansal and other key persons -- deliberately avoided investigations during the raids, the ED alleged. The agency has been investigating the IREO group for the last few years on charges of diverting, siphoning off and misappropriating funds of investors and customers, and it was later found that "huge amounts of money running into hundreds of crores were siphoned off through the M3M Group too". "In one of the transactions, M3M group received about Rs 400 crore from IREO Group through several shell companies in

ED searches in Rajasthan 'anticipated' as elections are coming: CM Gehlot

Rajasthan Chief Minister Ashok Gehlot on Monday accused the Centre of misusing its investigative agencies and said the Enforcement Directorate (ED) searches in the state were "anticipated" as the assembly elections are approaching. The ED conducted searches at multiple locations in Rajasthan during the day in connection with a money laundering investigation into an alleged exam paper leak case for recruitment of government teachers in the state, according to sources in New Delhi. While the opposition BJP in the state defended the ED action, saying the law will take its course, the Congress said the ED has come to Rajasthan on a "political task". The chief minister also accused the Centre of targeting his Officer on Special Duty Lokesh Sharma in a phone tapping case. Speaking to reporters on the sidelines of an event here, Gehlot said the ED, CBI and the Income Tax department were "eagerly desirous" to enter Rajasthan, and accused the Centre of misusing these agencies in election-bo