Page 82 - Enforcement Directorate

ED attaches assets worth Rs 5.21 cr in Bangalore mining case: Official

According to the officials, the assets attached are in the form of six immovable properties owned by the accused

ED files caveat in SC on K Kavitha's plea challenging summons against her

A Caveat application is filed by a litigant to ensure that no adverse order is passed against them without being heard

Sisodia involved in 'large-scale destruction of digital evidence': ED

The Enforcement Directorate has claimed before a Delhi court that AAP leader and former deputy chief minister Manish Sisodia was involved in "large-scale destruction of digital evidence to impede investigation" into the Delhi excise policy case and had changed and destroyed 14 phones. In its remand application, seeking an extension of Sisodia's custody, the agency on Friday said the major recommendations that ultimately formed the basis for the Excise Policy 2021-22, including fixing of 12 per cent profit margin for wholesalers, were not decided in the group of ministers (GoM) meetings and instead "imported from external sources". The Enforcement Directorate (ED) had arrested Sisodia on March 9 in the Tihar jail, where he was lodged in connection with a Central Bureau of Investigation (CBI) case about alleged corruption in the formulation and implementation of the now-scrapped policy. The CBI had arrested him on February 26. The ED is probing money laundering charges against the Aam

Delhi excise policy case: ED likely to confront Sisodia with his PA today

Aam Aadmi Party leader and former Deputy Chief Minister Manish Sisodia's PA, Devender Sharma is likely to join the probe of the ED in connection with the Delhi excise policy scam case

CBI working impartially; most cases being probed reported during UPA: Shah

Union Home Minister Amit Shah on Friday asserted that probe agencies like the CBI and the ED have been working impartially and except two, all cases they were investigating had been registered during the UPA government. Participating in the India Today Conclave here, Shah said whatever the investigating agencies were doing could be challenged in courts. In 2017, during Uttar Pradesh polls, a big woman leader of Congress had said if they were indulging in corruption, why there was no investigation. She was questioning us. Now they are creating a hue and cry when there has been action, he said. The home minister said these investigating agencies are not above the court and any notice, FIR and chargesheet can be challenged in the courts. Instead of going to the court, why are they shouting outside. I want to ask the people if there is any corruption allegation against anyone, should not there be a probe. All these cases, except two, were registered during their rule. Not during our ..

Delhi excise scam: Court sends Manish Sisodia to ED custody till March 22

A city court on Friday extended the ED custody by five days of senior AAP leader Manish Sisodia, arrested in a money laundering case related to the excise policy, saying the physical custody of the accused appeared necessary for his further effective interrogation. Special judge M K Nagpal allowed the anti-money laundering agency to interrogate the former Delhi deputy chief minister in custody till March 22. The Enforcement Directorate (ED) had sought Sisodia's custody for seven days. The court, which heard the arguments put forth by the ED and Sisodia's lawyers on the AAP leader's custody, said in its nine-page order said that the physical custody of the accused appears to be necessary for his further effective interrogation, in light of the new or fresh incriminating facts or material which has surfaced during this period (of earlier seven-days ED custody) and also to confront him with the fresh physical records and digital data received or expected to be received as well as the ..

Court reserves verdict on ED plea seeking extension of Sisodia's custody

A court here on Friday reserved its order on an Enforcement Directorate plea seeking the custody of AAP leader Manish Sisodia, who has been arrested in a money laundering case related to the Delhi excise policy, for seven more days. Sisodia was produced before special judge M K Nagpal, who will announce the order on the extension of the former Delhi deputy chief minister's custody shortly. Heavy security deployment was made inside and outside the Rouse Avenue Court premises. The ED told the court that crucial information had come up during Sisodia's custody and he had to confronted with other accused persons. It said voluminous data from Sisodia's email and mobile, etc. is also being forensically analysed. Opposing the federal probe agency's plea, Sisodia's lawyer said there is not a whisper from the agency regarding the proceeds of the crime, which is fundamental to the case. He further said there is no justification for the extension of custody and Sisodia was confronted only w

Chinese loan app case: Razorpay, fintech cos, NBFCs named in ED chargesheet

The Enforcement Directorate Friday said it has filed a charge sheet against payment gateway Razorpay, three fintech companies controlled by Chinese nationals and as many NBFCs and some others in a money laundering probe linked to Chinese loan apps which allegedly cheated numerous people. The federal probe agency said in a statement that the special Prevention of Money Laundering Act (PMLA) court based in Bengaluru has taken cognisance of the prosecution complaint (chargesheet). A total of seven entities and five individuals have been named as accused in the charge sheet. The accused entities include fintech companies Mad Elephant Network Technology Private Limited, Baryonyx Technology Private Limited and Cloud Atlas Future Technology Private Limited which are "controlled" by the Chinese nationals and three non-banking financial companies (NBFCs) registered with RBI named X10 Financial Services Private Limited, Track Fin-ed Private Limited and Jamnadas Morarjee Finance Private ...

Crypto under PMLA: CoinDCX registers itself as reporting entity with FIU

As per the Prevention of Money Laundering Act (PMLA), 2002, a reporting entity is required to conduct KYC verification of the customers and maintain their records

ED knocks at the door of Franklin Templeton execs, conducts searches

Sebi in 2021 barred firm from launching new debt schemes for violating norms in winding up of 6 debt schemes

Delhi excise policy case: BRS MLC K Kavitha to skip ED probe today

K. Kavitha, the daughter of Telangana CM K. Chandrasekhar Rao, who was all set to join the investigation of ED in connection with Delhi excise policy scam case, is likely to skip the summon

Money laundering: ED data shows only 2.98% cases against MPs/MLAs

The Enforcement Directorate (ED) has said that only 2.98 per cent of its overall ECIRs or complaints have been filed against serving or former MPs and MLAs even as its conviction rate under the anti-money laundering law is at a high of 96 per cent. The federal probe agency has published an updated data of its action under the three laws it implements-- the Prevention of Money Laundering Act (PMLA), the Foreign Exchange Management Act (FEMA) and the Fugitive Economic Offenders Act (FEOA)-- till January 31, 2023. The ED was entrusted with enforcing the stringent provisions of the PMLA, enacted in 2002, from July 1, 2005. The law empowers the agency to summon, arrest, attach the assets of the accused at the investigation stage and prosecute the offenders before a court of law. The data said the ED filed a total of 176 Enforcement Case Information Reports (ECIRs), equivalent to a police FIR, against existing and ex MPs, MLAs and MLCs which comes to 2.98 percentage of the total 5,906 suc

ED conducts searches at Franklin Templeton offices in Mumbai, Chennai

The Enforcement Directorate is conducting searches at some places linked to asset manager Franklin Templeton and its former and current executives in Mumbai and Chennai as part of a money laundering investigation, officials said. The federal agency is looking to gather more evidence as part of its investigation against the company and its promoters under the Prevention of Money Laundering Act (PMLA), they said. In November 2020, capital markets regulator Sebi issued a show-cause notice to the company following its April 2020 decision to wind up six debt schemes having Rs 25,000 crore of assets under management (AUM) from 3 lakh investors, citing liquidity challenges because of the pandemic. Eventually, the company was asked to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and was banned from launching new debt schemes for alleged irregularities in running the six debt schemes. The Chennai police economic offences

Delhi excise policy scam: Kavitha to appear for questioning before ED today

BRS MLC K. Kavitha is scheduled to appear before the Enforcement Directorate (ED) on Thursday in connection with the central agency's probe into the Delhi Excise Policy scam case

LS, RS face disruptions, oppn to intensify pressure over Adani, Rahul row

Opposition parties sought to build pressure on their demand and embarked on a protest march to Enforcement Directorate (ED) office

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Oppn writes to ED for probe against Adani after cops block protest march

Cops cut short protest march to ED office

Only 3% PMLA cases have been against politicians: Enforcement Directorate

Probe agency registered 5,906 cases under the criminal from 2005 till Jan 2023, its data shows

Oppn leaders stopped by Delhi Police on way to ED office over Adani issue

Delhi Police on Wednesday erected barricades and stopped leaders of several opposition parties marching towards the ED office here from Parliament House demanding a JPC probe into the Adani issue, saying prohibitory orders under Section 144 of the CrPC were in place in the area. The opposition leaders were stopped near Vijay Chowk in Lutyens' Delhi. Police made regular announcements using loudspeakers and urged the protesting MPs to vacate the area as CrPC Section 144, which prohibits the assembly of four or more people in an area, was in effect. When the leaders could not move past the barricade, they called off their march and returned to Parliament House. A senior police officer said earlier in the day that the police had made adequate security arrangements outside the ED office in view of the protest march. The leaders wanted to hand over a complaint to the Enforcement Directorate on the Adani-Hindenburg issue. Before starting their march, the leaders met in the office of Lea

Adani issue: Oppn writes to ED, says agency can't abdicate its jurisdiction

Leaders of several opposition parties on Wednesday urged the Enforcement Directorate (ED) to initiate an investigation into the Adani Group over allegations of corrupt practices, including money laundering through shell companies. In a letter emailed to the ED Director S K Mishra, the parties told the probe agency that "it cannot turn around and abdicate its jurisdiction". The letter as signed by leaders of the Congress, CPI, CPI-M, JDU, SS (UBT), RJD, DMK, JMM, AAP, IUML, VCK, Kerala Congress and others. Leaders of several opposition parties were stopped by the police at Vijay Chowk here as they took out a protest march from Parliament House to hand over a complaint to the Enforcement Directorate on the Adani issue. In their letter to the ED, the opposition leaders said, "We are acutely aware of how in the recent past, the ED has also zealously pursued cases of alleged political favouritism, including sharing concurrent jurisdiction with SEBI and CBI. We are also aware of the limi