Page 94 - Enforcement Directorate

National Herald case: ED again summons Karnataka Congress chief Shivakumar

The Enforcement Directorate has summoned Karnataka Congress President D K Shivakumar for questioning in its ongoing money laundering probe into the operations of the Congress party-owned National Herald newspaper, official sources said. He has been asked to depose before the federal investigative agency on October 7 in Delhi, they said. The 60-year-old former cabinet minister was last questioned by the federal agency on September 19 in the national capital in another money laundering case linked to alleged possession of disproportionate assets. The latest summons comes at a time when the 'Bharat Jodo Yatra' of the Congress party, led by its leader Rahul Gandhi, entered Karnataka on Friday, September 30, and will be in the state for 21 days. Shivakumar is involved in the conduct of this leg of the yatra. While exiting the ED office after his questioning last month, he had told the waiting mediapersons that he has been charge-sheeted by the agency in one money laundering case but h

ED order to seize Rs 5.5K cr from Chinese mobile firm Xiaomi gets approval

FEMA, which checks foreign exchange violations, requires that the appeals against seizure orders be heard only by an authority appointed by the Centre

PFI involved in money laundering, ED tells court, 3 accused sent to jail

Popular Front of India (PFI) has been involved in continuous offences of money laundering over the years, the Enforcement Directorate Friday told a Delhi Court which remanded three arrested office bearers of the banned outfit to 14 days of judicial custody. The agency also said that its investigation had revealed that the accused persons played an active role in raising or receiving bogus cash donations on behalf of PFI. The agency arrested the three accused, Perwez Ahmad, President of PFI Delhi, Mohd. Ilias, general secretary of the Delhi unit, and its office secretary Abdul Muqeet on September 22 for their alleged role in the offence of money laundering in the guise of cash donations. Additional Sessions Judge Shailender Malik remanded the three accused to 14 days of judicial custody after they were produced before him on completion of their seven days of custodial interrogation. The ED in its remand application said Prevention of money laundering Act (PMLA) investigation has ...

ED files complaint against DoT official in disproportionate assets case

The Enforcement Directorate has filed a prosecution complaint against a senior Department of Telecommunications officer and a few others before a special court in Kolkata under the Prevention of Money Laundering Act (PMLA) in a disproportionate assets case. The court has taken cognisance of the offence of money laundering in the prosecution complaint against Soumyendra Nath Banerjee, a former deputy director general, new technology, DoT, Kolkata, and a few others filed by the Enforcement Directorate (ED) on Thursday, an ED statement said. The ED initiated money laundering investigation on the basis of an FIR registered by the CBI, ACB, Kolkata for offences punishable under various sections of the Prevention of Corruption Act, 1988. As per the charge-sheet filed by the CBI, ACB, Kolkata, Banerjee had allegedly amassed huge assets, beyond his known source of income, and was in a possession of disproportionate assets worth Rs 7.58 crore, the statement said. The ED investigation reveal

Xiaomi case: FEMA authority confirms ED's seizure order of Rs 5,551.27 cr

The order has been issued under section 37A of the FEMA against Xiaomi Technology India Private Ltd, the federal agency said in a statement.

ED freezes crypto currency, Tether worth Rs 47.64 lakh under PMLA

The Enforcement Directorate has freezed crypto currencies and Tether, an Ethereum token that is pegged to the value of a US dollar, equivalent to Rs 47.64 lakh under the provisions of the Prevention of Money Laundering Act (PMLA). This has come following an investigation conducted by the ED against a person named Aamir Khan and others relating to the Mobile gaming application, E-nuggets, According to an Enforcement Directorate (ED) statement. The ED initiated the money laundering investigation on the basis of an FIR registered on February 15, 2021 under various sections of IPC by the Park Street police station in Kolkata against Khan and a few others based on complaint filed by the Federal Bank in a Kolkata court. Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding public. Further, after collecting handsome amount from the public, all of a sudden, the withdrawal from the said app was stopped on the pretext of one and other ...

ED freezes OctaFx Trading's bank balance of Rs 21.14 cr under FEMA

The Enforcement Directorate said it has frozen the bank balance to the tune of Rs 21.14 cr of OctaFx and related entities in the case of illegal online forex trading through international brokers

Chinese loan apps: ED freezes funds worth Rs 9.82 cr in payment gateways

The ED has frozen Rs 9.82 crore worth funds kept in merchant IDs with certain online payment gateways as part of an ongoing money laundering investigation against a "Chinese-controlled" investment token app. This is the second time that the ED has frozen funds kept in merchant IDs with certain online payment gateways. "Various Chinese-controlled entities like Comein Network Technology Private Limited and others, in service agreements with various NBFCs (non banking financial companies) were also operating multiple suspicious loan/other apps such as Cashhome, Cashmart, Easyloan etc. and they indulge in receiving funds from public on pretext of operating these apps (mobile applications)," the federal agency said in a statement. The app-based token under investigation in this case is HPZ and the entities whose funds have been frozen under the anti-money laundering law include Comein Network Technology Private Ltd, Mobicred Technology Private Ltd, Magic Data Technology Private Ltd, Bait

ED gets 8 days custody of liquor bizman Mahendru in money laundering case

A Delhi court Wednesday remanded liquor businessman Sameer Mahendru in eight days custody of the of the Enforcement Directorate for alleged money laundering. Mahendru, the managing director of Indospirit, a liquor distributor, was arrested by ED in connection with a money laundering investigation linked to alleged irregularities in the now-scrapped Delhi excise policy. ...The accused is being remanded to the custody of ED for eight days, i.e, till October 6, 2022, Special Judge M K Nagpal said. The court noted Mahendru was arrested only on Wednesday morning and the investigation was at a nascent stage. Noting that the accused has not cooperated in the probe so far, the court said his custodial interrogation was required to ascertain the exact volume and extent of the laundered proceeds of crime. It said he was required to be confronted with the huge physical and digital records which were claimed to have been seized during the searches conducted by the agency. His interrogation

WBSSC scam: Partha Chatterjee, Arpita's judicial custody extended to Oct 31

This means that the duo will spend not just the Durga Puja, but the entire festive season including Laxmi Puja, Kali Puja, Diwali, and Bhai Dooj behind the bars

Kolkata gaming app: ED freezes crypto assets worth Rs 12.83 crore

The Enforcement Directorate on Wednesday said it has frozen bitcoins worth Rs 12.83 crore as part of an ongoing money laundering probe against the promoter of a Kolkata-based mobile gaming app firm that is alleged to have duped a number of people. Crypto currency worth 77.62710139 bitcoins is kept in the Binance crypto exchange and it belongs to a person named Aamir Khan who owns a mobile gaming application called E-Nuggets, the federal probe agency said in a statement. The ED had raided the premises of the company and that of Khan and his father Nesar Ahmed Khan in Kolkata early this month and seized Rs 17.32 crore cash from there. Aamir Khan was arrested by the detective department of the Kolkata Police from Ghaziabad in Uttar Pradesh last week. The money laundering case stems from an FIR filed by the Kolkata Police against the company and its promoters in February 2021. This FIR was registered at the Park Street police station based on a complaint filed by the Federal Bank ...

Govt bans Popular Front of India for 5 years with immediate effect

On September 22, multi-agency teams spearheaded by NIA arrested 106 leaders and activists of the PFI in 15 states for allegedly supporting terror activities in the country

Delhi Excise policy case: ED arrests businessman Sameer Mahendru

The Enforcement Directorate (ED) arrested businessman Sameer Mahendru, one of the prime accused in Delhi's excise scam case involving Deputy Chief Minister Manish Sisodia

Online gaming: ED raids company, freezes Rs 68 crore worth of deposits

The Enforcement Directorate has frozen more than Rs 68 crore worth of deposits after it raided a company and its related entities that ran mobile games and allegedly duped a number of people, including children, by extracting "unauthorised" payments from them and later transferred these to Singapore. The federal probe agency said in a statement that it searched three premises of Coda Payments India Pvt Ltd (CPIPL) as part of a money laundering investigation and added the company has collected Rs 2,850 crore till date, out of which Rs 2,265 crore was remitted "outside" India after retaining certain percentage of revenue for payment of taxes and nominal profits here. The ED said the company ran mobile games such as Garena Free Fire, Teen Patti Gold, Call of Duty and its money laundering case against the company was registered after taking cognisance of multiple police FIRs filed against the company and in some cases, the gaming portals too. "It is alleged that Coda Payments India Pvt.

Rs 200-cr money laundering case: Court grants interim bail to Jacqueline

A Delhi court on Monday granted interim bail to actor Jacqueline Fernandez in a Rs 200 crore money laundering case involving alleged conman Sukesh Chandrashekar. The court also sought a response from Enforcement Directorate (ED) on the regular bail plea of the actor who claimed to herself a victim of circumstances. Special Judge Shailender Malik granted Fernandez interim relief on a personal bond of Rs 50,000 and posted the matter for further hearing on October 22. In her regular bail plea, Fernandez, a citizen of Sri Lanka, said that she was a tax-paying resident of India since 2009 and her professional reputation and future work commitments were intrinsically linked to the country. The actor said that she had consistently appeared before the investigating agency as and when summoned and her statements under the relevant section of the Prevention of Money Laundering Act (PMLA) were recorded five times. In terms of the permission granted to her by the court, she travelled abroad

Delhi HC issues notice on Satyendar Jain's plea against ED in PMLA case

The Delhi High Court issued notice to the Enforcement Directorate on a plea moved by Delhi Minister Satyendar Jain against the transfer of proceedings in the money laundering case against him

Jacqueline Fernandez gets interim bail in Rs 200 cr money laundering case

A Delhi court on Monday granted interim bail to actor Jacqueline Fernandez in a Rs 200 crore money laundering case against alleged conman Sukesh Chandrashekar. Special Judge Shailendra Malik granted Fernandez the relief on a personal bond of Rs 50,000 and posted the matter for further hearing on October 22. On August 31, predecessor judge Praveen Singh had taken cognizance of a supplementary charge sheet filed by the Enforcement Directorate and asked Fernandez to appear before the court. Fernandez, who was summoned by the ED several times in connection with the investigation, has been named as an accused for the first time in the supplementary charge sheet. ED's earlier charge sheet and a supplementary charge sheet did not mention her as an accused. The documents, however, had mentioned the details of the statements recorded by Fernandez and fellow actor Nora Fatehi. According to ED, Fernandez and Fatehi, who were examined, had received luxury cars and other expensive gifts from .

What is the Popular Front of India?

Scores of people linked to Popular Front of India were taken into custody from various parts of the country during raids by NIA and Enforcement Directorate on Thursday. Know more about this outfit

Thomas Isaac not cooperating with probe in KIIFB Masala Bonds case: ED

The Enforcement Directorate (ED) has said that former state Finance Minister T M Thomas Isaac was not cooperating with the probe into the financial transactions of the Kerala Infrastructure Investment Fund Board (KIIFB). In an affidavit submitted by the ED before the Kerala High Court on Saturday, the agency said Isaac was making baseless allegations against the agency. It said Isaac was trying to stay away from the probe and stall the investigation. The ED is probing the issuance of Masala Bonds by KIIFB which had later informed the court that permission for the issuance of the financial instruments were obtained from the Reserve Bank of India. The probe agency had earlier issued multiple notices summoning Isaac to appear before it. Isaac had also moved the High Court against the ED. It said Isaac was trying to stay away from the investigation, making baseless allegations against the ED and was trying to flee from the jurisdiction of the central agency and stall the probe. The E

PM was on PFI radar in July 2020, planned camp to attack Modi: ED report

ED has claimed that members of Popular Front of India (PFI) had allegedly collected a large amount of cash to the tune of Rs 120 crore to carry out attacks on important personalities