Page 97 - Enforcement Directorate

ED arrests man for duping people on pretext of investment in oil company

Further investigation in the matter is on

WazirX says ED has unfrozen bank accounts, allowing it to continue ops

Cryptocurrency exchange platform said it is cooperating with agency in its investigation of 16 fintech companies and instant loan apps

Maneka Gambhir files contempt of court petition in Calcutta HC against ED

The immigration department furnished an email printout of a notice from the ED, through which the latter had summoned her to be present at the ED office in Kolkata for questioning in a particular case

Top headlines: Retail inflation rises to 7% in August; AI leases 30 planes

India plans to pay about Rs 20,000 crore ($2.5 billion) to the state-run fuel retailers, such as Indian Oil Corp., to partly compensate them for losses and keep a check on cooking gas prices

ED issues fresh summons to TMC MP's kin after wrong notice call at midnight

The Enforcement Directorate has issued fresh summons to Maneka Gambhir, the sister-in-law of TMC MP Abhishek Banerjee, for questioning in a money laundering case after it was found that the agency "erroneously" issued her a notice for appearance at 12:30 AM instead of 12:30 PM on Monday, official sources said. Gambhir was handed over the summons to appear at the ED office here on Monday "at 12:30 AM" by agency officials at the Kolkata airport on September 10 after they denied her from travelling abroad as she was required to join investigation in an alleged coal scam case. She reached the ED office in Salt Lake area around the stipulated time given on the summons but as it was an erroneous date issued inadvertently, she found the office closed and returned after clicking some pictures, the sources said. The sources said the midnight time printed on the earlier summons was a "typographical error" and it should have been "12:30 PM" on September 12. Now, Gambhir has been sent fresh ..

Rs 17 cr cash, 16 hours, 8 counting machines: Know about ED raid in Kolkata

It took over 16 hours and eight counting machines for the ED officials to count the heap of cash that was recovered from the residence of a businessman in Kolkata

ED stops Abhishek Banerjee's relative from flying abroad; issues summons

TMC MP Abhishek Banerjee's sister-in-law Maneka Gambhir was on Saturday evening stopped by the ED at the Kolkata airport from flying abroad and was handed over summons to join investigation in a money laundering case, official sources said. Gambhir had reached the airport to take a flight to Bangkok departing around 9 PM. The sources said on Sunday that Gambhir was denied immigration clearance on the basis of a Look Out Circular (LOC) issued against her by the federal probe agency. She was stopped by the immigration authorities and the Enforcement Directorate (ED) was informed following which they reached the airport, spoke to her and denied her permission to travel, they said. The ED officials subsequently handed over summons to her seeking her appearance before the agency on Monday (September 12) at 11 am at its office in Salt Lake area in Kolkata for questioning in a money laundering case linked to an alleged coal pilferage case of West Bengal, the sources said. She is understo

ED raids Kolkata-based gaming app operator, recovers over Rs 17 cr cash

The Enforcement Directorate on Saturday seized Rs 17.32 crore in cash after it raided the promoters of a Kolkata-based mobile gaming app company as part of a money-laundering investigation, official sources said. The agency, the sources said, is looking at some "political links" of the app promoters and wants to ascertain the actual beneficiaries of this cash, even as it is investigating the possible routing of the funds spent by gullible gamers here through some "Chinese-controlled" entities. A photograph released by the federal agency showed multiple bundles of Rs 500 currency notes along with a few in the denomination of Rs 2,000, Rs 200 and Rs 100 stacked on a bed depicting the ED abbreviation. Official sources said the cash was recovered from a premise which has an address mentioned as 'F 7. N A Khan' and is located in the Garden Reach area of Kolkata. The ED was looking for the alleged prime accused in the case identified as Aamir Khan as he was not found at the premises that

Mobile gaming application case: ED raids six locations in Kolkata

ED has carried out search operations at six locations here with respect to an investigation relating to the Mobile Gaming Application

ED raids several places in Kolkata, estimated Rs 7 crore recovered

ED teams conducted raids at three separate places in Kolkata and recovered a huge amount of cash from the possession of a city-based businessman

ED seizes cash after raids on Punjab AAP MLA, others in bank fraud case

The ED on Friday said it seized Rs 32 lakh cash, some mobile phones and hard drives after it raided the premises of AAP MLA in Punjab Jaswant Singh Gajjan Majra and some others as part of a money laundering probe linked to an alleged bank loan fraud. The federal investigative agency said in a statement that the searches were carried out at the business and residential premises of "accused persons and their associates" including Tara Corporation Limited (renamed as Malaudh Agro Limited on September 24, 2018), its directors Jaswant Singh, Balwant Singh, Kulwant Singh, Tejinder Singh, their associates and other sister concerns at Ludhiana, Malerkotla, Khanna, Payal and Dhuri. Jaswant Singh Gajjan Majra is a legislator from the Amargarh assembly constituency. The Aam Aadmi Party (AAP) Punjab unit had on Thursday called the raids a "political vendetta". The ED said "incriminating pieces of evidence were seized related to "bogus firms through which turnover of Tara Corporation Limited was

Ex-NSE MD Ravi Narain sent to 2-day ED custody in money laundering case

A Delhi court on Wednesday sent former MD and CEO of National Stock Exchange Ravi Narain to two days' custodial interrogation by Enforcement Directorate in a money laundering case related to alleged illegal phone tapping and snooping on stock exchange employees. Special Judge Sunena Sharma allowed ED's plea seeking Narain's custody till September 9 after the accused was produced before him by the probe agency. ED's Special Public Prosecutor N K Matta told the court that Narain was required to be confronted with other accused persons and evidence in the matter to unearth the larger conspiracy in the matter. The ED on Tuesday arrested him in the case. Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed as the vice-chairman in a non-executive category on the company's board from April 1, 2013, to June 1, 2017. The ED had registered an Enforcement Case Information Report (ECIR) in July against former Mumbai Police commissioner Sanjay Pandey

Jailed Sena MP Raut seeks bail from special court in money laundering case

Shiv Sena Rajya Sabha MP Sanjay Raut, arrested last month in a money laundering case linked to a housing project in Mumbai, on Wednesday moved a bail application before a special court here. His bail plea is likely to come up for hearing before judge MG Deshpande, presiding over the special PMLA court, on Thursday. Raut, 60, was arrested by the Enforcement Directorate (ED) in early August under the Prevention of Money Laundering Act (PMLA) for his alleged role in financial irregularities related to the redevelopment of Patra 'Chawl' (old row tenements) in suburban Goregaon. The Shiv Sena politician is currently in jail under judicial custody. The Rajya Sabha member was found to be alleged beneficiary of more than Rs 2 crore of the proceeds of crime, the ED has claimed. Further, the central probe agency has claimed documents seized during its probe showed the purchase of properties at Alibaug, a coastal town in neighbouring Raigad district, by Raut involved substantial cash ...

Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?

The case pertains to hiring private firm iSec Services to allegedly tap the phones of NSE employees

ED arrests former NSE MD and CEO Ravi Narain in money-laundering case

The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said. His role is being investigated by the federal probe agency as part of two criminal cases linked to the bourse the alleged co-location 'scam' case and the purported illegal phone tapping of employees. Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA). The ED earlier had arrested another former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna in the alleged phone tapping case while the CBI, which is parallely probing these cases, had arrested her in the co-location case. The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in the alleged illegal phone tapping case.

Delhi excise policy scam: ED conducts raids at 38 places across country

As part of its ongoing probe, the ED is conducting raids at multiple locations across the country in connection with the Delhi Excise policy scam case

ED raids 30 locations across India in Delhi excise policy scam case

As part of its ongoing probe, the Enforcement Directorate (ED) is conducting raids at multiple locations across the country in connection with the Delhi Excise policy scam case

Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO

Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close

Patra Chawl land scam: Sanjay Raut's judicial custody extended till Sep 19

Raut was arrested by the Enforcement Directorate (ED) on August 1 in connection with alleged financial irregularities in the redevelopment of the Patra Chawl in suburban Goregaon

Paytm says no link with Chinese loan merchants under ED scanner

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it or any of its group firms. "As a part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide payment processing solutions. We wish to clarify that these merchants are independent entities, and none of them are our group entities," Paytm said in a regulatory filing. The ED on Saturday said it has conducted raids at six premises of online payment gateways, such as Razorpay, Paytm and Cashfree in Bengaluru, over the alleged irregularities in instant app-based loans "controlled" by Chinese persons. The searches that started on Friday as part of an ongoing probe are still underway, the agency said. The fede