Page 86 - Enforcement Directorate

ED attaches assets worth Rs 305.84 crore of Joyalukkas Pvt Ltd under FEMA

Directorate of Enforcement (ED) has attached assets worth Rs 305.84 crore of a private firm under section 37A of the Foreign Exchange Management Act, 1999 for violation of section 4 of the Act.

ED attaches Rs 305 cr assets of Joyalukkas jewellery group on hawala charge

The Enforcement Directorate on Friday said it has attached assets worth more than Rs 305 crore of Joy Alukkas Verghese, the owner of prominent Kerala-based jewellery group Joyalukkas, in a FEMA case linked to alleged transfer of "huge cash" to Dubai by the company through hawala channels. The federal probe agency had carried out searches at multiple premises of the Thrissur-headquartered group on February 22. "The attached assets include 33 immovable properties (valued at Rs 81.54 crore) consisting of land and residential building in Shobha City, Thrissur, three bank accounts (having deposits of Rs 91.22 lakh), three fixed deposits worth Rs 5.58 crore and shares of Joyalukkas India Pvt Ltd (valued at Rs 217.81 crore)," the ED said in a statement. The total value of these assets, attached under section 37A of the Foreign Exchange Management Act (FEMA), is Rs 305.84 crore, it said. The case pertains to "huge amount of cash transferred to Dubai from India through hawala (illegal money

Court extends Sukesh Chandrashekhar's ED custody in money laundering case

A Delhi court on Friday extended by three days the ED custody of Sukesh Chandrashekhar in a money laundering case related to alleged extortion of around Rs 4 crore from prominent entrepreneur Malvinder Singh's wife Japna M Singh. The judge extended the custody of the alleged conman after he was produced before court on expiry of his nine-day ED custody. The court passed the order on an application filed by the Enforcement Directorate which said it needed to interrogate him to track the money trail. The anti-money laundering probe agency also got 5 days' police remand of co-accused Deepak Ramdani. Sukesh Chandrashekhar was arrested following registration of an Enforcement Case Information Report (ECIR), the ED's version of an FIR, for allegedly duping Malvinder Singh's Wife Japna Singh of Rs 3.5 crore in order to secure bail for her husband arrested in a criminal case. Singh is a former promoter of Fortis Healthcare. According to the complaint, Chandrashekhar had called Japna M Si

ED questions Delhi CM Kejriwal's PA in excise policy money laundering case

The Enforcement Directorate (ED) on Thursday questioned Delhi Chief Minister Arvind Kejriwal's PA Bibhav Kumar in the money laundering case linked to alleged irregularities in the Delhi excise policy, officials said. Kumar deposed before the federal probe agency here and the investigators are recording his statement under the provisions of the Prevention of Money Laundering Act (PMLA), they said. His questioning is understood to be related to the ED's charges made before the court that at least 36 accused, including Delhi Deputy Chief Minister Manish Sisodia and Bibhav Kumar, "destroyed or used" 170 phones to conceal evidence of "kickbacks" worth thousand of crores of rupees in the alleged scam. The ED, till now, has filed two charge sheets or prosecution complaints in this case and has arrested a total of nine people. The ED has alleged in a charge sheet submitted to the court that a part of the alleged Rs 100 crore "kickbacks" generated in the scrapped Delhi excise policy were ..

Delhi excise policy case: HC seeks ED's reply in Benoy Babu's bail plea

The Delhi High Court on Wednesday sought a response from the Enforcement Directorate (ED) on bail plea of Benoy Babu, who is accused in the excise policy case.

Enforcement Directorate accuses Pernod Ricard of more policy violations

In the Jan 6 filing documents the federal agency accused Pernod of a 'conspiracy to gain illegal benefit by submitting wrong affidavit' to Delhi authorities

ED attaches bribe of Rs 20 lakh seized from an NHAI official under PMLA

The ED initiated the investigation under the PMLA based on the FIR filed by the CBI under various sections of the IPC, and Sections 7, 8, 9 and 10 of the Prevention of Corruption Act

Enforcement Directorate raids premises of 7 Cong leaders in Chhattisgarh

Party convention in Raipur in 4 days, searches a bid to divert attention: Baghel

BJP frustrated with Adani row: Baghel after ED raids Cong leaders' offices

He also said that the raids show the level of frustration of the BJP in the wake of Bharat Jodo Yatra's success and Hindenburg's report on Adani's truth

Will not be intimidated by such tactics: Cong on ED raids in Chhattisgarh

The Congress on Monday termed the Enforcement Directorate raids against party leaders in Chhattisgarh as an example of "third rate politics" of Prime Minister Narendra Modi, and said it will not be intimidated by such "tactics". This is not 'Amrit Kaal' but an "undeclared emergency", Congress general secretary Jairam Ramesh said at a joint press conference with party spokesperson Pawan Khera. They charged that the prime minister is practising the politics of "vendetta and vengeance" by raiding Congress leaders in Chhattisgarh. Ramesh alleged that the probe agencies are being misused by the present regime. He said 17 opposition parties have already come together against grant of powers to the ED under the PMLA and the opposition will jointly file the review petition in the Supreme Court against its previous judgement on the issue. Khera said the Adani issue is actually bringing the opposition together. The Enforcement Directorate on Monday conducted searches at multiple locations

ED raids Congress MLAs, leaders' premises in Chhattisgarh coal levy 'scam'

The Enforcement Directorate on Monday conducted searches at multiple locations in Chhattisgarh, including premises linked to Congress leaders, as part of an ongoing investigation into the coal levy money laundering case, officials said. The raids come ahead of the three-day plenary session of the Congress from February 24-26 in the state capital Raipur. The state is ruled by the party under Chief Minister Bhupesh Baghel. Over a dozen locations are being searched, including the premises linked to Congress leaders and some MLAs, official sources said. They said the ED is investigating those who have been the beneficiaries of the proceeds of crime of the alleged coal levy scam perpetrated during the tenure of the current government. The ED investigation relates to "a massive scam in which illegal levy of Rs 25 was being extorted for every tonne of coal transported in Chhattisgarh by a cartel involving senior bureaucrats, businessmen, politicians and middlemen", the agency has ...

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Scholarships worth Rs 75 cr misappropriated by institutes in UP: ED

The Enforcement Directorate (ED) has found that some educational institutes in Uttar Pradesh allegedly misappropriated scholarship funds worth Rs 75 crore meant for economically weaker, minority category and differently-abled students. The federal probe agency carried out searches at 22 locations in six districts of Uttar Pradesh on February 16 in a money laundering case linked to "fraudulent" availment of post-matriculation scholarships by various educational institutions of the state. The money laundering case stems from a 2017 complaint of the state vigilance bureau. In a statement issued on Friday, the ED said that the institutions under its scanner include S S Institute of Management, Mampur, Lucknow; Hygia College of Pharmacy, Lucknow; Hygia Institute of Pharmacy/Central Institute of Pharmacy, Lucknow; Lucknow Institute of Management and Education, Lucknow; and Dr Om Prakash Gupta Institute of Management and Technology, Farrukhabad. Dr Bhim Rao Ambedkar Foundation and Jivika

Life Mission case: After 9-hour grilling session, ED makes headway

After a nine-hour grilling of Venugopal Iyer, a CA, a close aide of Sivasankar, the ED has reportedly made headway with the CA stating he had just followed the former top bureaucrat's instructions.

LIFE Mission scam case: ED arrests former principal secretary to Kerala CMO

The case pertains to the state government's LIFE Mission project, which intends to build houses for 140 families in Wadakkanchery in Thrissur district through the LIFE Mission scheme

ED raids mobile app offices in different cities dealing in cryptocurrencies

The Enforcement Directorate (ED) on Wednesday said that they recently carried out search operations in Delhi, Gurugram (Haryana), Mumbai, Bengaluru, and Salem (Tamil Nadu).

Pinarayi Vijayan's former top official Sivasankar appears before ED

The once most powerful bureaucrat in the Pinarayi Vijayan government M.Sivasankar, who retired from service in January, appeared before the Enforcement Directorate on Monday

ED arrests YSR Congress MP's son in Delhi excise policy money laundering

The Enforcement Directorate has arrested Raghav Magunta, son of YSR Congress Party MP from Ongole Magunta Srinivasulu Reddy, in connection with its money laundering investigation into alleged irregularities in the Delhi excise policy case, officials said Saturday. Raghav Magunta was taken into custody under the Prevention of Money Laundering Act (PMLA) on Friday evening, they said. He is expected to be produced before a local court, where the federal probe agency will seek his custody. This is the ninth arrest in this case by the ED, and the third this week. It arrested Gautam Malhotra, son of former SAD MLA from Punjab Deep Malhotra, and Rajesh Joshi, the director of an advertising company called Chariot Productions Media Pvt Ltd, earlier in the week. The agency had alleged that a cartel called 'South Group' of liquor retailers, wholesalers and manufacturers was created as part of the now-scrapped Delhi excise policy, and the father and son duo were part of it. It had searched .

Delhi excise policy: Advertising firm director in ED custody till Feb 13

A court here on Thursday sent the director of an advertising company, who is alleged to have ran the AAP campaign during the 2022 Goa assembly polls, to ED's custody for interrogation in a Delhi excise policy-related money laundering case. Rajesh Joshi, the director of Chariot Productions Media Pvt Ltd, was produced before Special Judge M K Nagpal, who sent him for custodial interrogation till February 13. He was arrested by the ED on Wednesday. The agency sought his ten days' custody, saying he was required to be confronted with other accused in the case to unearth the larger conspiracy. It said the links of the advertising company promoter with regard to alleged diversion of "kickbacks" for the Goa assembly polls in 2022 are under the scanner of the agency. The ED alleged in a chargesheet submitted to the court that a part of the alleged Rs 100 crore "kickbacks" generated in the scrapped Delhi excise policy were "used" in the 2022 Goa assembly election campaign of the Arvind ...

ED seizes Rs 1.4 crore cash from Kolkata firm involved in coal smuggling

The Enforcement Directorate on Thursday said it has seized Rs 1.4 crore in cash from the premise of a Kolkata-based company and has identified a person who was "handling illegal cash of a minister" allegedly generated from coal smuggling. The federal probe agency issued a statement saying it raided the premises of the Gajraj Group at Earle Street in West Bengal's capital Kolkata on Wednesday. The action, the ED said, was undertaken on the basis of a "specific" intelligence input that a "highly influential political person" was making an attempt to launder the proceeds of crime originating from coal smuggling through his "close confidant" Manjit Singh Grewal alias Jitti Bhai. The seized cash of Rs 1.4 crore was "unaccounted", part of the total cash payment of approximately Rs 9 crore, for a property called Salasar guest house at an "under-valued" price, it said. "The market value of this property is more than Rs 12 crore. However, deed value of the same is shown around Rs 3 ...