Page 98 - Enforcement Directorate

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

SC to hear pleas challenging ED chief's tenure extension on Monday

The Supreme Court is scheduled to hear on Monday as many as eight petitions, including the ones filed by politicians Randeep Singh Surjewala and Mahua Moitra, challenging the extension of tenure of the Enforcement Directorate (ED) director and the amended law allowing such extensions up to five years. According to the list of business uploaded on the apex court website, a bench headed by Chief Justice Uday Umesh Lalit will hear the petitions, based on which notices were issued to the Centre and the Central Vigilance Commission (CVC). The top court had issued notices on the PILs filed by Surjewala and Jaya Thakur, both Congress leaders, TMC MP Moitra, Saket Gokhale, Krishan Chander Singh, Vineet Narian and Manohar Lal Sharma on August 2. Earlier, senior advocate A M Singhvi, appearing for Surjewala, had referred to the apex court judgements and said the fixed tenures are the hallmark of independence and the fact that an incumbent may get an extension will demolish the independence of

Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree in Bengaluru

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement. The search operation is in progress, the Enforcement Directorate said. The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids. The modus operandi of these entities is that they use forged documents of Indians and make them dummy directors leading to generation of "proceeds of crime", it alleged. "These entities are controlled/operated by Chinese persons," it said. "It has come to notice that the said entities were doing their suspected/illegal business through various merchant IDs/accounts held with payment ...

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening

Coal scam: Abhishek Banerjee attacks Shah after ED grills him for 7 hours

After a seven-hour long grilling by ED officials, TMC leader Abhishek Banerjee on Friday dared Union Home Minister Amit Shah to prove charges of wrongdoing in an alleged case of coal pilferage and to put him behind bars. The Trinamool Congress MP, considered number 2 in the party, also advised Shah to teach nationalism to his son and make sure that the law and order situation improves in Delhi. "If needed, I am ready to face questioning 30 times, but will not bow my head before the BJP. I have attacked his (Amit Shah's) son over the national flag issue but that does not mean the ED and CBI can be used to threaten me, he told reporters. Video footage of BCCI secretary Jay Shah, son of the Union home minister, appearing to turn down an offer to wave the national flag after India beat Pakistan in an Asia Cup match in Dubai on August 28 has sparked a controversy. Banerjee wondered why the top BJP leader who "teaches patriotism to the entire country has failed to educate his son". The

Chhattisgarh will soon see ED, I-T raids for housing Jharkhand MLAs: Baghel

Chhattisgarh Chief Minister Bhupesh Baghel on Friday said his state is soon going to witness raids by the Enforcement Directorate (ED) and the Income Tax (I-T) department because MLAs of the ruling coalition in neighbouring Jharkhand are staying in a resort near capital Raipur. Talking to reporters at the helipad here, the Congress leader targeted the Bharatiya Janata Party (BJP), saying it does not have faith in democracy. He said MLAs of the United Progressive Alliance (UPA), which consists of the Jharkhand Mukti Morcha (JMM), the Congress and the Rashtriya Janata Dal, have been housed in a resort on the outskirts of Raipur to protect democracy. The BJP does not have faith in democracy. Jharkhand (ruling coalition) MLAs are staying in Raipur and we have welcomed them. Now, the BJP is protesting against it. My well wishers have informed me that soon the state will see raids by the ED and I-T because we have stationed Jharkhand MLAs here to protect democracy, Baghel said. The CM

Delhi HC permits Vivo's distributor to operate frozen bank account

The Court also directed that the petitioner to furnish statements of accounts of all the bank accounts forming the subject matter of the freezing order every 48 hours to the ED

Many more influential people involved in WBSSC scam: ED tells court

ED has also told the court that when its sleuths raided Partha Chatterjee's residence in July, they seized a number of incriminating documents

Jacqueline cooked up stories, didn't disclose truth: ED chargesheet

The ED in its second chargesheet filed against Jacqueline Fernandez involving conman Sukesh has claimed that the actress neither disclosed the complete truth nor the details of the gifts she received

ED seeks information on teachers' appointment in Bengal school jobs scam

The Enforcement Directorate on Tuesday sought information from the West Bengal Board of Primary Education about the appointment of primary teachers since 2011 in connection with its ongoing probe into a school jobs scam, an official said. The ED wrote to the chairman of the board for soft copies of the appointments-related details by Thursday, he said. A source in the education body said officials concerned in primary schools in all the districts have been asked to furnish the information on time. The ED had earlier arrested suspended Trinamool Congress leader and former state minister Partha Chatterjee, and his close associate Arpita Mukherjee for their alleged involvement in the multi-crore scam.

ED summons TMC General Secretary Abhishek Banerjee in coal smuggling scam

The Enforcement Directorate on Tuesday issued a summons to Trinamool Congress' national general secretary Abhishek Banerjee for questioning in connection with its probe into the coal pilferage scam', an official said. The central agency asked Banerjee, the nephew of West Bengal Chief Minister Mamata Banerjee, to appear at its Kolkata office on Friday morning, he said. "We have summoned Abhishek Banerjee to appear before our sleuths here. Our officers from New Delhi will come to interrogate him," the senior ED officer told PTI. While attacking the BJP during a programme, TMC supremo Mamata Banerjee had on Monday apprehended that the central agencies might send notices to her nephew, considered the second in command in the party, and other senior leaders.

Masala bonds: ED tightens noose around ex-Kerala FM Thomas Isaac

Considered a brainchild of the then finance minister, masala bonds have backfired against the Pinarayi Vijayan government

ED inquiry on CoinSwitch not linked to money laundering under PMLA: CEO

"Enforcement Directorate-Bengaluru has been engaged with us with respect to functioning of our crypto platforms/exchanges. We are fully cooperating with them," he said in a tweet thread.