Page 8 - Enforcement Directorate

ED files plaint against fintech firm SIMPL for FDI policy violation

The ED accused Buy Now Pay Later app SIMPL of breaching FDI norms by issuing convertible notes and receiving foreign investment under automatic route without approval

ED files Fema complaint against Myntra over ₹1,654 crore FDI violation

ED's investigation allegedly found that Myntra received FDI equivalent of Rs 1654.35 crore and that it sold the majority of its goods to Vector E-Commerce

Delhi HC grants bail to NewsClick founder in ED, EOW foreign funding case

The Delhi HC granted anticipatory bail to NewsClick founder Prabir Purkayastha and director Pranjal Pandey in ED and EOW cases over alleged FDI rule violations and foreign funding

HC seeks ED reply on Aslam Wani's plea to quash money laundering case

The Delhi High Court on Wednesday sought Enforcement Directorate's (ED) response on a plea of Mohammad Aslam Wani, an alleged hawala dealer, seeking quashing of a money laundering case against him. Justice Sanjeev Narula issued notice to the ED for its response and posted the hearing on September 26. Wani sought quashing of the PMLA case arguing a 2010 trial court judgement clearing him of terror funding charges in a 2005 case, based on which the money laundering case was lodged in 2007. He said the verdict was upheld by the Delhi High Court in October 2017. Advocate M S Khan said his client Wani was cleared of all offences except under the Arms Act for possessing arms. "Consequently, the allegations by the prosecution regarding the generation of proceeds of crime from criminal activities related to the scheduled offence do not hold water. This perfectly aligns with the legal principle that if the underlying scheduled offence does not stand, the related proceedings under the ...

ED files Fema case against Myntra over ₹1,654-crore FDI policy breach

The ED files Fema case against Myntra for ₹1,654 crore FDI violation, alleges it routed retail sales via group firm Vector while posing as wholesale; complaint filed under Section 16(3)

Bhupesh Baghel's son sent to judicial custody till August 4 in liquor scam

He was produced before the court following the completion of his five-day custodial remand with the Enforcement Directorate (ED)

Chanda Kochhar found guilty in ₹64 cr bribe case linked to Videocon loan

An appellate tribunal found ex-ICICI CEO Chanda Kochhar guilty of taking a ₹64 crore bribe after approving a ₹300 crore loan to Videocon; the money was routed to her husband's firm

Betting app case: ED summons Rana Daggubati, Vijay Deverakonda & others

ED has summoned Rana Daggubati, Vijay Deverakonda, and Prakash Raj in a money laundering probe linked to illegal betting app promotions. The case involves 29 actors, influencers, and YouTubers

Meta, Google skip ED summons in betting probe, called again on Jul 28

Executives of tech giants Meta and Google did not depose before the Enforcement Directorate (ED) as scheduled on Monday and have now been given fresh summons for July 28 in a money laundering case linked to promotion of "illegal" online betting and gambling platforms, official sources said. It is understood that the representatives of the two companies sought deferment of the July 21 summons, saying they need time to collect relevant information and documents before they present themselves for questioning and recording of their statements at the federal probe agency. Sources said the executives have been given a one-week extension and asked to depose on July 28. Once they depose, their statements will be recorded under the Prevention of Money Laundering Act (PMLA), the sources said. There was no immediate response from the two companies. The federal agency is probing multiple platforms hosting illegal betting and gambling links, including instances of advertisements placed for the

ED arrests two Ramprastha Group directors in ₹1,100 crore fraud case

The Enforcement Directorate on Monday arrested Sandeep Yadav and Arvind Walia, promoters of realty company Ramprastha Group, as part of a money laundering investigation linked to an alleged Rs 1,100 crore fraud with homebuyers, official sources said. The arrests came after the Gurugram zonal office of the federal probe agency raided their premises early morning apart from some others in the national capital region (NCR). The two are directors and majority shareholders in Ramprastha Promoters and Developers Pvt. Ltd. (RPDPL). They have bene taken into custody under the Prevention of Money Laundering Act (PMLA), they said. It is alleged that RPDPL collected about Rs 1,100 crore from more than 2,000 homebuyers for various housing schemes like Project Edge, Project Skyz, Project Rise and Ramprastha City (plotted colony project). The possession of the flats or plots is yet to be given even after 15-20 years, the sources said.

SC concerned over ED summoning lawyers for advice, may frame guidelines

The Enforcement Directorate is "crossing all limits", the Supreme Court said on Monday as it expressed serious concern over the agency summoning advocates for offering legal advice or representing clients during investigations. It also called for guidelines on the matter. The remarks from an apex court bench of Chief Justice B R Gavai and Justice K Vinod Chandran came during a suo motu hearing initiated by the court to address the implications of such actions on the independence of the legal profession. The communication between a lawyer and the clients is privileged communication and how can the notices be issued against them they are crossing all limits, the CJI said. Guidelines should be framed, the CJI said while responding to submissions that recent ED notices to legal professionals like senior advocate Arvind Datar could have a chilling effect on the practice of law. Attorney General R Vennkataramani and Solicitor General Tushar Mehta said the issue had been taken up at the .

Why use ED for politics? SC warns against misusing agency in Muda scam

The Supreme Court has dismissed the ED's appeal against Karnataka HC order quashing Muda case summons to Siddaramaiah's wife; said political battles should not be fought through agencies

SC rejects appeal against Karnataka CM's wife, questions ED's role

The Supreme Court on Monday questioned the Enforcement Directorate's conduct in politically sensitive cases as it upheld the Karnataka High Court's decision to quash the case against Chief Minister Siddaramaiah's wife in the MUDA case. Cautioning against the agency being used as a tool in political battles, a bench comprising Chief Justice B R Gavai said, "Let political battles be fought before the electorate. Why are you being used". The bench comprising Chief Justice Gavai and Justice K Vinod Chandran was hearing the ED's appeal challenging a Karnataka High Court order that quashed proceedings in the Mysuru Urban Development Authority (MUDA) case involving BM Parvati, wife of the Karnataka chief minister. Mr Raju (Additional Solicitor General S V Raju who was appearing for the ED), please don't compel us to open our mouths. Otherwise, we will be forced to make some harsh comments about the ED. Unfortunately, I have some experience in Maharashtra. Don't perpetuate this violence ...

ED not a drone to attack at will on any criminal activity, says Madras HC

ED not a drone to attack at will on any criminal activity: Madras HC

ED summons Google, Meta on July 21 over ads linked to betting apps

The agency is examining the role of digital platforms in enabling the promotion of these illegal apps, which are under scrutiny for potential violations of the PMLA

ED arrests ex-CM Bhupesh Baghel's son in Chhattisgarh liquor scam

ED alleges a liquor syndicate operated between 2019-2022, causing ₹2,100 crore loss to state exchequer, with proceeds shared by top political figures

ED raids Punjab de-addiction centres in 'illegal' drugs sale case

The Enforcement Directorate (ED) on Friday raided multiple locations in Punjab apart from some in Mumbai as part of a money laundering investigation linked to "illegal" sale of drugs by private de-addiction centres in the northern state, official sources said. The federal probe agency's investigation stems from various FIRs filed by Punjab Police against a doctor named Amit Bansal, a pharmaceutical company, a drugs inspector and some others. Bansal runs 22 drugs de-addiction centres across Punjab, the sources said. The raids are being conducted in Chandigarh, Ludhiana and Barnala in Punjab and in Mumbai, Maharashtra, under the Prevention of Money Laundering Act (PMLA), they said. Sources said private de-addiction centres like the ones run by Bansal have been entrusted by the Punjab government to provide BNX (Buprenorphine/Naloxone) medicine to patients, enrolled in their facilities, so that they can be weaned away from narcotics. It was found that these medicines meant for ...

ED raids Bhupesh Baghel's house in connection with case against son

The Enforcement Directorate on Friday launched fresh raids at the premises of former Chhattisgarh chief minister Bhupesh Baghel's son Chaitanya Baghel in connection with a money laundering probe against him linked to an alleged liquor scam, officials said. Chaitanya Baghel's house in Bhilai town, which he shares with his father, is being searched by the ED under the Prevention of Money Laundering Act (PMLA) based on receipt of fresh evidence in the case, they said. The federal probe agency conducted similar raids against Chaitanya Baghel in March this year. Bhupesh Baghel, a senior Congress leader, also posted a message on X saying the ED has reached his Bhilai residence on the last day of the assembly session. The ED earlier said Chaitanya Baghel was suspected to be the "recipient" of the proceeds of crime of the alleged liquor scam. It has said the Chhattisgarh liquor "scam" resulted in a "massive loss" to the state exchequer and filled the pockets of the beneficiaries of a liqu

ED files chargesheet against Robert Vadra in Shikohpur land deal case

This is the first time a chargesheet has been filed by any investigative agency against 56-year-old Robert Vadra in a criminal matter

ED raids in ₹100 cr 'cheating' case against promoters of Bengaluru bank

The Enforcement Directorate (ED) on Thursday raided multiple locations in and around Bengaluru as part of a money laundering probe linked to an alleged fraud of Rs 100 crore with more than 15,000 depositors by the promoters of a local bank, officials sources said. The probe pertains to Shushruti Souhardha Bank, Shruthi Souharda Bank and Shree Lakshmi Souharda Bank and their promoters, including N Srinivas Murthy and his family members, the sources said. At least 15 locations in and around the city were searched by the agency under the Prevention of Money Laundering Act (PMLA). The allegations against the promoters pertain to cheating of over Rs 100 crore from more than 15,000 depositors by luring them to make deposits with high interest. These funds were "diverted" through unsecured loans to associates and most of the loans became non performing assets (NPAs) and the money was laundered and used to buy properties, the sources said. The federal probe agency has detected more than 2