Page 76 - Enforcement Directorate

ED chargesheets former Punjab SSP Surjit Singh Grewal in PMLA case

The ED said that the PMLA court in Punjab has taken cognizance of the complaint and have issued summons to the accused for July 28

ED raids on foreign-registered online gaming portals at 25 locations

The federal probe agency said the raids led to the finding that these online gaming companies and websites were registered in small island countries like Curacao, Malta and Cyprus

ED raids Sanjay Singh's aides, AAP leader calls it Modi's 'gundagardi'

The ED admitted its mistake. When they couldn't find anything, today ED raided the homes of my colleagues Ajit Tyagi and Sarvesh Mishra.

Anyone who speaks against govt's injustice gets notice: Aaditya Thackeray

Reacting to the summon issued by the Directorate of Enforcement (ED) to Nationalist Congress Party (NCP) leader Jayant Patil, Shiv Sena (UBT) leader Aaditya Thackeray on Monday said that anyone who speaks against the injustice done by the government is being served with notice.Aaditya Thackeray said that he does not think that Jayant Patil will be scared in this situation.While addressing the reporters in Nagpur, Aaditya Thackeray said, " Anyone who speaks against the injustice by the government is given notice. But I don't think Jayant Patil will be scared. We are the people who fight for the truth and we will stand with him.""We are also seeing that authoritarian tendencies are also on the rise in the country," he added.Earlier today Maharashtra Nationalist Congress Party (NCP) president Jayant Patil on Monday reached the Enforcement Directorate (ED) office in connection with the alleged IL & FS (Infrastructure Leasing and Financial Services Limited) scam.The ED last week ...

Suffering for being part of opposition: NCP's Jayant Patil on ED summons

Maharashtra Nationalist Congress Party president Jayant Patil, whom the Enforcement Directorate (ED) has summoned for questioning on Monday in a money laundering case, said one faces such sufferings for being part of the opposition. Speaking to reporters outside his residence in Mumbai, Patil said he was going to appear before the ED and also asked his party workers to maintain peace. The ED has summoned Patil for questioning in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm IL&FS, as per officials. The 61-year-old MLA from Islampur seat of Maharashtra was issued the first summons for appearance on May 12, but he had sought deferment for about 10 days citing some personal and official engagements. The politician was subsequently asked to appear on May 22. Patil on Monday said, I am part of the opposition and one needs to face such type of suffering. I never heard the name of the IL&FS in the past, but the ED ...

Six short-sellers in Adani stocks under ED, Sebi lens for insider trading

SC report, stock revival to help Adani group raise Rs 21K cr: Bankers

ED files money laundering case against Gujarat conman Kiran Patel

The Enforcement Directorate on Saturday said it has conducted searches at a dozen locations in Gujarat against alleged conman Kiran Patel who is accused of cheating people by impersonating as a PMO official while taking the Jammu and Kashmir administration on a ride. The searches, carried out on May 19, resulted in seizure of documents related to immovable properties apart from recovery of "highly incriminating" material, the agency said in a statement. "Further investigation in respect of his activities in J-K and other places is in progress," it said. A total of 12 locations in Ahmedabad, Gandhinagar, Morbi and Mehsana in Gujarat in the investigation relating to Kiranbhai Jagdishbhai Patel and his associates Jay Savjibhai Sitapara, Hardik Kishorebhai Chandrana, Vitthalbhai Motibhai Patel, Amit Pandya and Piyush Kantibhai Vasita were searched. The ED alleged Patel, with criminal intention, employed high degree of forged means, impersonated himself as senior government official ...

Bank loan fraud: ED attaches Rs 122 cr assets of Pune businessmen, others

Assets worth more than Rs 122 crore of various accused, including that of a former chairman of Pune-based Seva Vikas co-operative Bank and promoter of an education group, have been attached as part of money laundering investigation linked to an alleged bank loan fraud, the Enforcement Directorate (ED) said Friday. A provisional order for attaching 47 immovable properties worth Rs 121.81 crore located in Pune in Maharashtra and movable assets of Rs 54.25 lakh (belonging to Devi Concrete Products) has been issued under the criminal sections of the Prevention of Money Laundering Act (PMLA). The properties belong to Amar Mulchandani, former chairman of Seva Vikas co-operative Bank, Vivek Aranha, promoter of Pune-based Rosary Education group, Sagar Suryawanshi, Khemchand Bhojwani and their family members and linked entities. The case stems from a Pune Police FIR against the Rosary Education group, its promoters and others with regard to an alleged loan fraud, the ED said in a ...

ED, Sebi probing the role of six short sellers in Adani group stocks

Hindenburg had taken position on Adani overseas listed securities

Land-for-jobs PMLA case: Rabri Devi appears before ED for questioning

Former Bihar Chief Minister Rabri Devi on Thursday appeared before the Enforcement Directorate here for questioning in a money laundering case linked to the alleged land-for-jobs scam, official sources said. The 68-year-old Devi, wife of RJD chief Lalu Prasad, is recording her statement in this case under the Prevention of Money Laundering Act (PMLA). Rabri Devi's children, including Bihar Deputy CM Tejashwi Yadav and MP daughter Misa Bharti, have been questioned by the federal agency in this case in the recent past. The money laundering case stems from a CBI FIR. The ED had carried out searches in this case sometime back and seized "unaccounted cash" of Rs 1 crore and detected proceeds of crime worth Rs 600 crore. The alleged scam pertains to the period when Lalu Prasad was the railway minister in the UPA-1 government. It is alleged by the agencies that during the period 2004-09, various persons were appointed to Group D positions in various zones of the Indian Railways, and in

Chhattisgarh money laundering case: SC pulls ED, says don't create fear

From pulling up ED in Chhattisgarh money laundering case to questioning the source of power of Delhi-LG while nominating 10 aldermen, here are the important cases of the day

ED searches LYCA Productions in Chennai in money laundering probe: Report

Earlier ED said it had carried out search operations at 21 locations in Delhi and Gurugram in connection with Amira Pure Foods Private Limited, Karan A Chanana and others

IL&FS money laundering case: ED issues fresh summons to NCP's Jayant Patil

The Enforcement Directorate (ED) has issued fresh summons to Maharashtra NCP president and MLA Jayant Patil for questioning in a money laundering case linked to alleged financial irregularities in the now bankrupt financial services firm IL&FS, official sources said Monday The 61-year-old MLA from Islampur seat of Maharashtra was issued the first summons for appearance on May 12 but he had sought deferment for about 10 days citing some personal and official engagements. The politician has now been asked to appear on May 22, the sources said. Patil, a former minister of home and finance, is also the state president of the Nationalist Congress Party (NCP) and is a seven-term legislator. He had told reporters last week that he never had any association or financial dealing with IL&FS. Alleged payment of some "commission amount" by some accused companies to entities linked to Patil are under the scanner of the agency and it is understood he will be questioned about these ...

Court grants bail to Mirchi's aide in money laundering case, pulls up ED

A special PMLA court here on Friday granted bail to businessman Haroun Yusuf, arrested in 2019 in connection with a money laundering case also involving late gangster and drug smuggler Iqbal Mirchi, holding he had no knowledge regarding the latter's source of money. The Enforcement Directorate (ED), probing the case, has claimed Yusuf had assisted Mirchi in buying properties in India using money earned through illegal activities. However, special PMLA (Prevention of Money Laundering Act) court judge MG Deshpande, while granting the accused bail, held that except bare allegations, there was nothing to show Yusuf had any knowledge regarding Mirchi's source of money. The judge also pulled up the central agency for delaying trial in the case. Based on multiple FIRs registered under provisions of the IPC and the NDPS Act (Narcotic Drugs and Psychotropic Substances Act) against Mirchi, the ED had registered its case against him, his family members and others. Mirchi died at the age of

NCP leader Jayant Patil does not appear before ED, cites family engagements

NCP leader and former Maharashtra minister Jayant Patil on Friday did not appear before the Enforcement Directorate (ED) here for recording statement in the the alleged IL&FS money laundering case. The ED had summoned him on Friday. Patil, who heads the Maharashtra unit of the Nationalist Congress Party, had on Thursday said he had written to the central agency seeking time as he had to attend some marriages in the family. The former state finance minister had also told reporters that he never had any association or financial dealings with Infrastructure Leasing & Financial Services Ltd (IL&FS). Patil, who has held home and finance portfolios in the Maharashtra government in the past, has sought ten days for appearing before the agency, sources said. The ED on Wednesday carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- in connection with its money laundering probe into alleged financial ...

I-T dept impounds Mukhtar Ansari's 'benami' land parcel in Ghazipur

The income tax department on Thursday issued a proclamation for impounding a Rs 12-crore land piece, alleged to be a benami asset of gangster-politician Mukhtar Ansari, in this district, official sources said. A team of officials from the department's Lucknow investigation unit accompanied by district authorities and local police erected an iron-made notice board at 'Mauja Kapurpur NZA' under Sadar Tehsil in the district, the sources told PTI. The I-T department is impounding this property temporarily under the benami assets law and any sale/purchase or transfer of this asset is prohibited, the board embossed with the department's logo and message said. A senior official also read out the proclamation to the public present around. As per the process, once the Adjudicating Authority of the Benami assets law approves the I-T department order, the property can be confiscated permanently. The department's Lucknow headquartered benami assets investigation unit attached this property la

Delhi liquor scam: HC calls for ED's stand on bail plea of YSRC MP's son

The Delhi High Court on Thursday sought to know the Enforcement Directorate's (ED) stand on a plea moved by Raghav Magunta, the son of YSR Congress Party MP Magunta Srinivasulu Reddy, seeking interim bail in a money-laundering case related to an alleged liquor scam in the national capital. Justice Dinesh Kumar Sharma asked the ED's counsel to take instructions in the matter and listed it for further hearing on May 15. Magunta has sought interim bail on the ground of his wife's medical condition. He has challenged a trial court's May 8 order that dismissed his interim bail plea. The trial court had said it could not be ignored that the accused was being prosecuted for the offence of money laundering, a serious economic offence. It had said it was not satisfied with the history of the ailment of Magunta's wife as nothing special or serious was stated about her condition in the documents placed before it. Other family members of the accused could also take care of his wife, the cour

Chhattisgarh liquor scam: Court extends custody of Raipur Mayor's brother

The Enforcement Directorate (ED) has made two fresh arrests of a hotel trader and liquor businessman in the Rs 2,000 crore alleged liquor syndicate scam linked money laundering case of Chhattisgarh, official sources said Thursday. Nitesh Purohit, promoter of Giriraj hotel located in state capital Raipur, was arrested on Wednesday noon while Pappu Dhillon was arrested on Thursday, they said. Chhattisgarh Chief Minister Bhupesh Baghel on Thursday accused the ED of trying to implicate him in the alleged liquor scam in the state. The ED has been acting as an agent of the Bharatiya Janata Party, he claimed while talking to reporters at the Police Lines helipad in Raipur. Anwar Dhebar, the elder brother of Raipur Mayor and Congress leader Aijaz Dhebar, was the first person to be arrested by the agency in this case last week. The agency told the court on Wednesday that Purohit was allegedly "aware of the illegal operations of Anwar Dhebar and willingly assisted him in movement of proceed

ED searches Deloitte, BSR offices in IL&FS money laundering probe

According to ED, statutory audit of IFIN has been made by Deloitte Haskins & Sells LLP between FY09 and FY18 and by BSR & Associates for FY18

ED searches may tarnish Manappuram's business prospects: Fitch report

Fitch Ratings on Wednesday said the recent search by the enforcement directorate at gold-backed lender Manappuram Finance highlights corporate governance challenges that can arise in emerging markets like India. "Such searches need not lead to further regulatory action, but investigations raise reputational risk that could tarnish a lender's business prospects and constrict funding access due to reduced market confidence - potentially affecting an issuer's credit profile - even if no wrongdoing is identified," Fitch added. The rating agency said Manappuram Finance Ltd has disclosed that the Enforcement Directorate's search at its premises pertained to legacy non-compliant activities at its branches up until 2012. Such searches are relatively rare, and can flag potential governance risks, but the activities the company has identified thus far as being involved are publicly known and Fitch has already factored them into its rating, "including our assessment of the company's corporate