Page 75 - Enforcement Directorate

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

ED raids VIPS Group in Pune; assets worth Rs 18.54 cr seized in Maharashtra

The Enforcement Directorate (ED) recently raided the premises of VIPS Group and Global Affiliate Business in Pune and Ahmednagar, which resulted in the seizure of assets worth Rs 18.54 crore

ED attaches Rs 58 lakh worth of assets of travel agent in laundering case

Assets worth Rs 58 lakh of a Ludhiana-based travel agent have been attached as part of a money laundering probe linked to alleged cheating of people in the name of arranging work permit visas of different countries for them, the Enforcement Directorate (ED) said on Friday. A provisional order of attachment has been issued under the Prevention of Money Laundering Act (PMLA) to attach some commercial properties of the travel agent, Nitish Ghai, it said in a statement. The money laundering case stems from multiple FIRs filed by the Punjab Police against Ghai and some others. The travel agent has been accused of "cheating" the general public by offering them "false allurement" of providing work permit visas of different countries, a promise that never materialised nor the payments made by the victims were returned, the ED alleged. It was found that 35 police FIRs against the accused are currently under trial or under investigation. Bank accounts of Nitish Ghai were scrutinised and it

Probe against Manish Sisodia in excise policy case complete, says ED

The ED has also alleged that Sisodia created legal facade and tried to derail the investigation

ED attaches Rs 124 cr worth assets of Surana Group in bank loan fraud

Assets worth about Rs 124 crore that were in possession of various entities linked to the Chennai-based Surana Group of companies have been attached in connection with a money laundering investigation related to three alleged bank loan frauds worth a total Rs 3,986 crore, the Enforcement Directorate said Wednesday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 78 immovable properties, it said in a statement. The agency had attached assets of a similar value earlier in this case and with the latest order, the total attachment in the case stands at Rs 248.98 crore. The money laundering probe stems from three CBI FIRs filed against the accused in 2020 that alleged that three Surana Group companies, along with their promoters, directors and unidentified individuals, indulged in misappropriation and criminal breach of trust, manipulation of books of accounts through fictitious entities and routing of funds through shell (dummy) ...

Hawala transactions in Goa polls linked to Rs 50, Rs 20 notes: ED

"These money transfers should be seen in light of evidence of hawala transfers and the usage of illegal cash in the Goa elections," ED said while linking it to Delhi excise policy scam

ED conducts searches against Jharkhand Cong MLA in money laundering case

The Enforcement Directorate on Tuesday conducted searches at various locations in Jharkhand linked to Congress MLA Pradeep Yadav and others as part of a money laundering investigation against them, official sources said. The five-time legislator from the Poraiyahat seat of the state is the deputy leader of the party in the state assembly. About a dozen locations linked to the MLA in the state are being raided as part of a probe being conducted against him and others under the Prevention of Money Laundering Act (PMLA), the sources said. Yadav, 57, and another party legislator were raided by the Income Tax department in 2022 as part of a tax evasion probe against some business groups engaged in coal trading and transportation, execution of civil contracts, extraction of iron ore and production of sponge iron in Jharkhand. The money laundering investigation stems from this tax case, the sources said.

Delhi Excise Policy scam: Manish Sisodia used 43 SIM cards, says ED

The ED sources said that Sisodia had been using an iPhone 13 Max Pro for 11 months, but destroyed it soon after the L-G's order

Manish Sisodia generated Rs 622.67 cr POC in Excise Policy scam: ED

ED probe into the Delhi's Excise Policy scam has revealed that former Deputy CM Manish Sisodia had allegedly generated Rs 622.67 cr Proceeds of Crime (POC) through different modus operandi

Delhi excise policy: ED uncovers misuse of power by Punjab govt's machinery

The Enforcement Directorate during its investigation into the Delhi excise policy scam has unearthed a shocking case of 'misuse of power' by the Punjab government's machinery

ED attaches assets worth Rs 36.3 crore of Udayanidhi Stalin Foundation

The Enforcement Directorate (ED) on Saturday said that they have attached immovable properties worth Rs 36.3 crore and seized Rs 34.7 lakh lying in the bank account