Page 88 - Enforcement Directorate

Delhi HC rejects journalist Raghav Bahl's plea in ED money laundering case

A single-judge bench of Justice Jasmeet Singh dismissed the plea observing that the investigation is not over yet and the petition is premature

ED arrests TMC youth leader Kuntal Ghosh in teachers recruitment scam

The Enforcement Directorate (ED) on Saturday arrested Trinamool Congress youth leader Kuntal Ghosh for his alleged involvement in teachers recruitment scam, a senior official said

Charge sheet not 'public document', cannot be put in public domain: SC

The Supreme Court held that charge sheet filed in criminal cases by investigating agencies cannot be put in public domain for free access

SC agrees to hear plea of journalist Rana Ayyub in money laundering case

The Supreme Court agreed to hear the petition of journalist Rana Ayyub challenging the summons issued to her by a special PMLA court in Ghaziabad in a money laundering case lodged against her by ED

Covid-19 centre contracts probe: BMC chief at ED office to record statement

Brihanmumbai Municipal Corporation Commissioner Iqbal Singh Chahal on Monday went to the Enforcement Directorate's office here in connection with its probe into the alleged irregularities in award of contracts for COVID-19 care centres. The ED had summoned Chahal to record his statement in the matter. Chahal was seen entering the ED's office at Ballard Estate in south Mumbai at around 11.40 am. Bharatiya Janata Party leader Kirit Somaiya had alleged irregularities in the COVID-19 centers set up by the BMC. He had also filed a complaint at the Azad Maidan police station, based on which the police registered an FIR against a hospital management firm and some persons for allegedly submitting fake documents to obtain contracts of COVID-19 care centres.

ED alleges France's Pernod violated Delhi city rules to boost market share

Pernod Ricard violated the liquor policy of India's capital city by financially supporting retailers who in exchange stocked more of the French company's brands and boosted its market share, ED said

ED, I-T raids on Mushrif: MVA slams BJP for unleashing 'fear politics'

Mushrif is the third senior NCP leader after Anil Deshmukh and Nawab Malik, besides Shiv Sena (UT)'s Raut, facing the heat of the various probe agencies in the past couple of years

Rs 635-cr money laundering: ED files charge sheet against Maharashtra MLA

The Enforcement Directorate (ED) has filed a charge-sheet against Maharashtra MLA Ratnakar Gutte before a special court here in connection with an alleged multi-crore loan fraud. As per the probe agency, Gutte, Rashtriya Samaj Paksha MLA from Gangakhed in Parbhani district, is accused of laundering Rs 635 crore through Gangakhed Sugar and Energy Private Limited (GSEPL), of which he was chairman. Gutte, as per the ED charge-sheet, tied up with several banks between 2012 and 2017 and obtained agricultural loans by using documents like PAN and property details of farmers. The GSEPL was an agent in this agreement. As per the ED, banks sanctioned Rs 772.31 crore, of which Rs 635.89 crore were disbursed in fictitious accounts created in the name of farmers using these documents, and the money was siphoned off. A sum of Rs 272 crore is pending for repayment, the ED said, adding it has attached 22 immovable properties, bank accounts and other movable properties worth Rs 255 crore connected

There will be no probe by Central agencies against CPI-M leaders: Congress

Since the BJP/RSS combine and the CPI-M are two sides of the same coin, there will be no probe against the CPI-M leaders by national agencies, a top Congress leader in Kerala said

Story in numbers: PMLA registrations up four-fold, higher than a decade ago

According to the Enforcement Directorate (ED) data on PMLA, 5,422 cases are under investigation, 400 have been arrested and 25 convicted until March 31, 2022

ED freezes Rs 42.21 crore in relation to gaming application E-nuggets case

Enforcement Directorate carried out search operation on total 1548 bank accounts involved in cyber crimes and freezed amount of Rs 42.21 crore in case related to Mobile Gamming Application, E-nuggets

Court convicts former chemical & fertilisers ministry official in PMLA case

A special court in Bengaluru has convicted a former official of the ministry of chemical and fertilisers and his wife on money laundering charges for siphoning more than Rs 1.25 crore from the funds of the Central Institute of Petrochemicals Engineering and Technology, the ED said on Friday. The designated PMLA court "convicted H N Arvind and Binu H Arvind for offences committed under the Prevention of Money Laundering Act and sentenced H N Arvind to rigorous imprisonment for a period of four years along with imposition of fine of Rs 1 lakh." "The court also sentenced Binu H Arvind to rigorous imprisonment for a period of three years along with imposition of fine of Rs 50,000," the Enforcement Directorate said in a statement. The money laundering case stems from an earlier CBI FIR that charged H N Arvind for siphoning off a sum of Rs 1,25,71,209 when he was working as a technician (grade-I) in the central institute of plastic engineering and technology in Mysuru (Karnataka). The ..

ED attaches Rs 4.09 cr worth of assets of former APSC board member

ED has attached assets worth Rs 4.90 crore of a former board member of Assam Public Service Commission (APSC) in connection to a money laundering case, officials said on Thursday

ED raids Pure Milk Products' premises in loan fraud case, seizes Rs 1.15 cr

The Enforcement Directorate on Thursday said it has seized Rs 1.15 crore cash, mobile phones and property documents after raiding the premises of a Punjab-based businessman in connection with a money laundering probe linked to an alleged bank loan fraud. The searches were launched on December 27 at 11 business and residential premises of Pure Milk Products Pvt. Ltd (PMPPL), its directors Charanjit Singh Bajaj, Livtar Bajaj and Gurdeep Kaur, their associated entities, along with the premises of their associates, the federal probe agency said in a statement. The money laundering case stems from a FIR of the Central Bureau of Investigation (CBI) filed against the accused earlier, it said. The CBI FIR had alleged that PMPPL "committed the offence of forgery, cheating, submission of forged documents as genuine and other offences, and credit facilities sanctioned by the bank to PMPPL was Rs 62.13 crore and the total NPA (non performing asset) amount was Rs 60.74 crore as on ...

ED attaches assets worth Rs 1.88 cr of former Odisha govt cleaning staffer

Assets worth Rs 1.88 crore of a former cleaning assistant working with the Odisha government have been attached under the anti-money laundering law, the Enforcement Directorate (ED) said Wednesday. The properties belong to Lingaraj Jena, the former 'safei mohareer' (cleaning assistant), posted in the office of the additional sub-collector (settlement) in Puri district. The money laundering case of the ED stems from a case of alleged possession of disproportionate assets filed by the Odisha vigilance directorate against Jena. The charge sheet filed by the vigilance directorate said Jena had "illicitly enriched" himself and his family members by acquiring assets disproportionate to his known sources of income, totalling Rs 1.88 crore. The ED probe in the case registered under the Prevention of Money Laundering Act (PMLA) found that Jena "acquired monetary proceeds through indulgence in criminal activities, concealed it and invested the same in the acquisition of various assets.

ED attaches assets worth over Rs 205 cr of Chennai-based firm in PMLA case

The ED on Monday said it has attached assets worth more than Rs 205 crore of a Chennai-based chemicals manufacturing company and its promoters, days after the Madras High Court refused to entertain the firm's plea against the action initiated by the federal probe agency. The agency issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the properties of MGM Maran, MGM Anand and their company Southern Agrifurane Industries Private Limited, it said in a statement. The total worth of the attached assets is Rs 205.36 crore. The probe against Maran, a former chairman of Tamilnad Mercantile Bank Limited (TMBL) during 2007, was initially launched by the Chennai Police's central crime branch following which the Enforcement Directorate (ED) registered a criminal case under sections of the PMLA. The police case was lodged on the basis of of a complaint from a private bank. Maran, along with other directors and officials of the TMBL, "facilitated a deal for t

ED seizes assets of Saravana Stores worth Rs 66 cr in money laundering case

The Enforcement Directorate said it has attached immovable properties of Saravana Stores in Chennai amounting to Rs 66.93 crore in connection with a money laundering case for defrauding Axis Bank

ED attaches Rs 55 cr worth of 'benami' land of DMK MP A Raja in Coimbatore

The Enforcement Directorate on Thursday said it has attached a "benami" asset worth Rs 55 crore of DMK MP A Raja -- 45 acres of land in Coimbatore district in Tamil Nadu -- under the anti-money laundering law. The federal agency said in a statement the land was purchased by a company allegedly linked to Raja, in lieu of granting environmental clearance to a Gurugram-based real estate company by the leader during his stint as the Union minister for environment and forests between 2004-07. The land is held in the name of a "benami" company of Raja, the Enforcement Directorate said. Benami means 'no name' or 'without name' and such properties are those in which the real beneficiary is not the one in whose name the property has been purchased. The 59-year-old Raja is currently a DMK MP from the Nilgiris Lok Sabha seat. The politician has been earlier in the cross hairs of the ED when his role was investigated and a charge sheet was filed against him by the agency in connection with it

ED seizes assets worth Rs 81 cr from Hisar-based firm in ponzi scheme case

The Enforcement Directorate (ED) said that it has attached movable and immovable properties worth Rs 81.7 crore related to Future Makers Lifecare Pvt Ltd, a Hisar-based company

Excise scam: Prominent people from south gave Rs 100 cr to AAP, says ED

Several prominent people from south-India had given kickbacks of around Rs 100 Cr to AAP government here in exchange of favours and undue benefits to them in the liquor business, the ED has alleged in its charge sheet filed before a city court in Delhi excise scam. The ED alleged in its charge sheet filed against businessman Sameer Mahendru and AAP's communication in-charge Vijay Nair had hatched a conspiracy with K Kavitha, MLC of Telangana, Magunta Srinivasulu Reddy (MSR), MP of Ongole (Andhra), his son Raghav Magunta, and Sarath Reddy, who are collectively called as South Group. Mahendru, in collusion with others, formed a cartel of retailer-wholesaler-manufacturer with Pernod Ricard, Benoy Babu, Vijay Nair, representative of AAP, Arun Pillai, K Kavitha, Magunta Srinivasulu Reddy (MSR), his son Raghav, Sarath Reddy, Abhishek Boinpally and Buchi Babu, it alleged, adding that the 'south group' was represented by Arun Pillai, Abhishek Boinpally and Buchi Babu. It added that Mahendru