Page 76 - Enforcement Directorate

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

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