Page 95 - Enforcement Directorate

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

ED attaches properties of Rajkot-based firm in money laundering case

Enforcement Directorate (ED) has provisionally attached immovable assets worth Rs 16 crore under the PMLA, 2002 in connection with a case against Mandeep Industries, Rajkot

Masala bonds: Former FM Thomas Issac running away from probe, says ED

The Enforcement Directorate, investigating the Masala bonds case involving former Kerala Finance Minister Thomas Isaac, on Saturday told the High Court that he is running away from the probe.

Recent raids at PFI premises was called 'Operation Octopus': Sources

Sources in the National Investigation Agency (NIA) have said that the raids at the premises of the Popular Front of India (PFI) conducted earlier this week was named as 'Operation Octopus'.

Special court allows ED for 7-day custodial probe of Delhi PFI leaders

A Special Court of Delhi has allowed ED a 7-day custodial interrogation of Perwez Ahmad (President, PFI Delhi), Md. Ilias (General Secretary PFI Delhi) and Abdul Muqeet (Office Secretary, PFI, Delhi)

Illegal mining in HP: ED conducts searches, seizes cash, documents

The ED carried out searches at the premises of Lakhwinder Singh Stone Crushers, and people related with it in Una, Mohali and Panchkula in connection with illegal mining

National Herald: ED issues notices to Cong leaders from Andhra, Telangana

The Enforcement Directorate has issued notices to some Congress leaders from Telangana and Andhra Pradesh in connection with its ongoing money laundering investigation into the operations of the Congress party-owned National Herald newspaper, officials said Friday. While some of the politicians belonging to the party have been summoned for questioning here over the next few weeks, others have been given notices to explain certain payments made to Young Indian, the company that owns the news outlet. Officials said four leaders have been issued the notices. Earlier this week, Karnataka Congress President D K Shivakumar had told reporters after finishing his questioning session with the ED in Delhi that he was questioned about certain transactions made by him to this company in the past. "Surprisingly, they (ED officials) have asked me about the payment from one of my trust, from me and my brother, to Young Indian," he told reporters on September 19. Shivakumar said he had sought mor

CBI, ED no more 'caged parrot' but 'jewels of law': Mukhtar Abbas Naqvi

Senior BJP leader and former Union minister Mukhtar Abbas Naqvi on Friday said that the CBI and the ED were no more a "caged parrot" but have now become a "jewels of law" which are performing their duties fairly without any bias. Speaking to reporters in Moradabad and Rampur, Naqvi slammed the opposition parties for accusing the government of misusing the probe agencies to target them. He said those raising such questions are themselves in dock for committing "wrong deeds." These "champions of corruption" are in trouble today that is why they are levelling baseless and unsubstantiated statements against the agencies, Naqvi said. He also parried criticism of the Uttar Pradesh government over its decision to survey madrassas and waqf properties, saying its critics are raising a "bogey of fear and fallacy" only for emotional exploitation of people. "Everyone's constitutional rights are absolutely safe and secure. "Some organisations like PFI are involved in a criminal and communal .

Welspun bid for ABG Shipyard among highest for assets under liquidation

Gujarat govt welcomes the winning offer which could boost ship building activity under the new 2019 port policy

ED freezes Rs 2,747 cr worth of assets of ABG Shipyard in bank fraud case

The ED case has been filed under various Sections of the Prevention of Money Laundering Act (PMLA) after the investigators studied the CBI complaint and the forensic audit report

Government does not interfere in functioning of ED, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday said the government does not interfere in the functioning of the Enforcement Directorate (ED) and rejected the Opposition criticism that the central agency is often misused against opponents of the Bharatiya Janata Party (BJP). Addressing a press conference near Pune on the sidelines of a programme, she said the ED comes into picture only when there is suspicion of money laundering. Asked about ED actions against Opposition leaders, Sitharaman said the law enforcement agency, which comes under the Ministry of Finance, knows its responsibilities and the government does not interfere in its work. "Try to understand the functioning of the ED. It does not reach the spot when an incident happens. It's role comes into the picture only after it emerges that the Prevention of Money Laundering Act (PMLA) has been violated in a case. "The ED never comes into the picture directly. It comes when there is a doubt that money laundering has .

Will never surrender: PFI after NIA-ED raids at party offices in 11 states

The Popular Front of India, while condemning the raids by the National Investigation Agency (NIA) and the Enforcement Directorate (ED) against its leaders, stated that it will "never surrender"

ABG Shipyard: ED attaches assets worth Rs 2,747 cr in money laundering case

The ED on Thursday said it has attached dockyards, agricultural lands, commercial properties and bank deposits worth more than Rs 2,747 crore as part of an alleged bank loan fraud linked money laundering investigation against ABG Shipyard Ltd, its group companies and linked entities. The seized properties include shipyards located at Surat and Dahej in Gujarat, agricultural lands and plots, various commercial and residential premises in Gujarat and Maharashtra and bank accounts owned by ABG Shipyard Ltd., its group companies and other related entities, the federal agency said in a statement. The total value of the provisionally attached assets, under the Prevention of Money Laundering (Act), is Rs 2,747.69 crore. The Enforcement Directorate action comes a day after the CBI arrested the founder of the company Rishi Kamlesh Agarwal. Probe found that the ABG Shipyard Ltd. and its Chairman & Managing Director Agarwal availed various credit facilities/loans from consortium of Banks led