Page 13 - Money Laundering Case

Delhi HC directs Vivo executives to not leave country, furnish undertaking

The three executives arrested by the ED in December last year are CEO of Vivo India Hong Xuquan, Chief Financial Officer Harinder Dahiya, and consultant Hemant Munjal

ED raids Jharkhand CM Soren's associates in alleged money laundering case

The agency, since 2022, has been probing a trail of Rs 100 crore of "proceeds of crime" generated from illegal mining operations in the state

Delhi CM Arvind Kejriwal skips third ED summons, AAP calls notice 'illegal'

Delhi Chief Minister Arvind Kejriwal on Wednesday skipped the third summons issued by the ED in the Delhi excise policy case and sent a written reply calling the notice illegal, AAP sources said. The Aam Aadmi Party asserted that Kejriwal was ready to cooperate with the agency but claimed that the summons was sent with the intention of arresting him. "Why has the notice been sent right before elections? The notice is an attempt to stop Kejriwal from campaigning in elections," the party alleged. Kejriwal was summoned on Wednesday for questioning by the Enforcement Directorate in connection with an excise policy-linked money laundering case. This was the third ED notice to Kejriwal, also the AAP's convener, after he refused to appear before the federal agency on two earlier summonses for November 2 and December 21.

Vivo PMLA case: ED moves Delhi HC against release of three employees

The trial court last week allowed the plea moved by Hong Xuquan, Harinder Dahiya and Hemant Munjal to challenge their arrest and subsequent custody in a PMLA case and directed their immediate release

India, Hong Kong customs dept unearth trade-based money laundering case

The Indian and Hong Kong Customs have unearthed a major case of Trade-Based Money Laundering (TBML) involving Hong Kong-based exporters and Indian importers located in a Special Economic Zone (SEZ), the finance ministry said on Friday. In an exemplary case of bilateral cooperation and exchange of information, this crackdown showcases investigation and enforcement actions taken by both administrations under their respective laws to expose an international cartel. DRI had unearthed a case of Trade-Based Money Laundering from a SEZ, wherein cheap synthetic diamonds were being imported into India in the guise of natural diamonds, to remit foreign currency out of India. Investigations revealed that cheap synthetic diamonds were being mis-declared as natural diamonds and overvalued more than 100 times and being imported from firms based in Hong Kong to SEZ in India. During the investigation, it was also observed that some real diamonds were imported but replaced with synthetic diamonds a

Mahadev app owner detained in Dubai; ED may file fresh charge sheet

Sourabh Chandrakar, one of the promoters of the Mahadev online betting app, has been put under "house detention" in Dubai while Indian probe agencies, including ED, have been "alerted" and are working through diplomatic channels to get him deported, official sources said on Wednesday. The Enforcement Directorate may also file a fresh charge sheet in this multi-crore money laundering case soon, they said. The development comes weeks after Ravi Uppal, another promoter of the betting and gaming app, was detained by local authorities in Dubai on a red notice (RN) issued by Interpol at the behest of the ED. The sources said Chandrakar's location in Dubai has been intimated to the federal agency and he has been put under "house detention". Indian agencies are working, through diplomatic channels, to secure the deportation or extradition of the two who are vital to the money laundering and police investigation into the alleged illegal activities of the 'Mahadev Book Online' app that also

Delhi court grants police 60 more days to complete NewsClick probe

A Delhi court on Friday granted the city police 60 more days to complete its probe in the case lodged under anti-terror law UAPA over allegations that news portal NewsClick received money to spread pro-China propaganda in India. Special Judge Hardeep Kaur also extended the judicial custody of the news portal's founder and Editor-in-Chief Prabir Purkayastha and Human Resources department head Amit Chakravarty till January 20. The court passed the order on a plea moved by the Delhi Police that sought more time to complete the investigation. The Special Cell of Delhi Police had arrested Purkayastha and Chakravarty on October 3. According to the FIR, a large amount of funds to the news portal came from China to "disrupt the sovereignty of India" and cause disaffection against the country. It also alleged Purkayastha conspired with a group -- People's Alliance for Democracy and Secularism (PADS) -- to sabotage the electoral process during the 2019 Lok Sabha polls. Raids were conducted

Vivo case: Delhi court takes cognisance of ED's chargesheet in PMLA probe

A Delhi court on Wednesday took cognisance of the charge sheet filed by the Enforcement Directorate against Chinese smartphone maker Vivo-India and others in a money laundering case. Four individuals -- the MD of Lava International mobile company, Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik - have been named as accused in the prosecution complaint (ED's equivalent of a chargesheet). Special Judge Kiran Gupta summoned the accused, who are in judicial custody, on February 19. The chargesheet was filed earlier this month under criminal sections of the Prevention of Money Laundering Act. The ED claimed the alleged activities of the four accused enabled Vivo-India to make wrongful gains that were detrimental to the economic sovereignty of the country. The anti-money laundering agency had raided Vivo-India and persons linked to it in July last year and claimed to have busted a major money laundering racket involving Chi

ED summons Tejashwi, Lalu Prasad for questioning in money laundering case

The Enforcement Directorate has summoned Bihar deputy chief minister Tejashwi Yadav and his father and RJD chief Lalu Prasad for questioning in the railways land-for-jobs money laundering case probe, official sources said on Wednesday. While Tejashwi has been asked to depose on December 22, Prasad has been asked to appear on December 27 to record their statements under the Prevention of Money Laundering Act (PMLA). The alleged scam pertains to the period when Prasad was the railway minister in the UPA-1 government. It is alleged that from 2004 to 2009, several people were appointed to Group "D" positions in various zones of the Indian Railways and in lieu, these people transferred their land to the family members of the then railway minister Prasad and a linked company A K Infosystems Private Limited.

ED attaches Madurai firm's assets worth Rs 207 cr in money laundering probe

The Enforcement Directorate on Sunday said it has attached immovable properties worth Rs 207 crore located in Tamil Nadu as part of a money laundering probe linked to an alleged fraud perpetrated by a Madurai-based group. The ED investigation stems from an FIR registered by Tamil Nadu Police's Economic Offences Wing (EOW). The police FIR was registered following complaints lodged by investors against Neomax Properties Pvt. Ltd. and its group companies that allegedly "cheated several investors into depositing lakhs of money in various projects (plot development) by promising high returns with 12-30 per cent interest", the ED said in a statement. The company and its promoters "failed" to fulfil their promise, it claimed. Neomax group of companies collected funds from the public running into hundreds of crores and cheated them by "diverting" these funds to shell entities, group companies and other entities (outside the group), the ED said. The group "manipulated" its books of account

Mahadev app case: Actor Sahil Khan, 3 others summoned for questioning today

In the Mahadev betting app case, there are allegations of fraud of 15,000 crore rupees along with match-fixing, illegal hawala, and cryptocurrency transactions

Mahadev betting app case: Everything known about the Rs 6k cr scam so far

Authorities in Dubai have detained one of the masterminds behind the scam, Ravi Uppal and will be deported to India soon

ED summons Karti Chidambaram in PMLA probe; MP calls it 'most bogus' case

Congress MP Karti Chidambaram has not deposed before the ED for questioning in a money laundering probe linked to alleged irregularities in the issuance of visas to 263 Chinese nationals in 2011 and dubbed the case "most bogus". The 52-year-old legislator from the Sivaganga Lok Sabha seat in Tamil Nadu was summoned by the central agency to appear this week at its office here and record his statement in the case being probed under the Prevention of Money Laundering Act (PMLA). The MP is understood to have informed the ED that he was occupied with the ongoing Parliament session. The 2022 ED case pertains to allegations of Rs 50 lakh being paid as kickbacks to Karti and his close associate S Bhaskararaman by a top executive of Vedanta group company Talwandi Sabo Power Ltd. (TSPL), which was setting up a power plant in Punjab, according to the Central Bureau of Investigation (CBI) FIR. The money laundering case stems from the CBI complaint. Karti told PTI that the case was "most bogus

Hemant Soren is neck-deep in corruption, behaving like monarch: BJP leader

Earlier, the Enforcement Directorate summoned Soren in connection with the alleged land scam case

ED summons Jharkhand CM for questioning in money-laundering case on Tuesday

The Enforcement Directorate (ED) has issued a fresh summons to Jharkhand Chief Minister Hemant Soren for questioning in a money-laundering case linked to an alleged land scam on Tuesday, official sources said. Soren has been asked to depose at the federal agency's office here and get his statement recorded under the Prevention of Money Laundering Act (PMLA), the sources said on Monday. The summons for the chief minister is for December 12, they added. This is the sixth notice issued to Soren, but he never deposed as he filed a petition before the Supreme Court seeking protection from the ED action. The probe pertains to the ED alleging that a "huge racket of illegal change of ownership of land by mafia was going on in Jharkhand". The agency has arrested 14 people in the case, including 2011-batch Indian Administrative Service (IAS) officer Chhavi Ranjan who had earlier served as the director of the state social welfare department and deputy commissioner of Ranchi. The 48-year-old

Vivo PMLA case: Court to decide on taking cognisance of charge sheet on Wed

A Delhi court will consider on December 13 whether to take cognisance of the charge sheet filed against Chinese smartphone maker Vivo-India and others in a money laundering case. The charge sheet was filed under criminal sections of the Prevention of Money Laundering Act before Special Judge Kiran Gupta, who on Thursday posted the matter for consideration on December 13. According to sources, the Enforcement Directorate (ED) has accused Vivo-India of cheating the Union government through an an intricate network it had set up in the country. Four individuals -- the MD of Lava International mobile company, Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik - have been named as accused the prosecution complaint (ED's equivalent of a charge sheet). All the accused are currently in judicial custody. Advocate Nitesh Rana, appearing for Rai before the court on Thursday, termed the case as frivolous and said there was no eviden

PMLA proceedings can't continue for quashed scheduled offences: Delhi HC

Prosecution for money laundering cannot continue for a scheduled offence under an FIR which is compounded and quashed, the Delhi High Court has said. It, however, clarified that the Enforcement Case Information Report (ECIR) by the Enforcement Directorate (ED) in such a case cannot be quashed completely if there is another FIR with respect to the same cause of action to legitimise the existence of the money laundering probe. The high court's order came on a petition by a money laundering accused seeking to quash the ECIR registered against him on the basis of two Delhi Police FIRs in connection with alleged siphoning funds collected by him for the development of a real-estate project. The petitioner said the jurisdictional fact which formed the basis of the ED investigation has now come to an end with the compounding and quashing of the FIRs pursuant to a settlement, and hence, the ECIR and the subsequent proceedings cannot continue any longer. The ED opposed the petition on the ..

Delhi excise 'scam': AAP leader Sanjay Singh moves court seeking bail

AAP leader Sanjay Singh, arrested in a money laundering case linked to the alleged Delhi excise scam, on Friday moved a court here seeking bail, his lawyer said. The application was filed in the Rouse Avenue Court's registry and is likely to come up for hearing on Saturday, advocate Mohd Irshad said. Special Judge M K Nagpal, meanwhile, extended Singh's judicial custody till December 4. The judge also noted the submission of the investigating officer that the charge sheet against the accused is likely to be filed shortly and within prescribed time.

Money laundering charges are not ground to deny passport renewal: Court

Merely being prosecuted on money laundering charges is not a sufficient ground to deny permission for passport renewal, a special court here has said while granting nod to former Maharashtra minister Anil Deshmukh's son to apply for renewal of his passport. Special Judge R N Rokade on Wednesday allowed the application filed by Salil Deshmukh, seeking a direction to the Enforcement Directorate (ED) to return his seized passport so that he can apply for renewal. The ED has accused Salil Deshmukh along with his father - former state home minister Anil Deshmukh - and some others of money laundering. Salil Deshmukh was not formally arrested in the case by the ED. After the agency named him as an accused in its chargesheet, he appeared before the special court which granted him bail in November 2022. In his application, Salil Deshmukh said his passport expired in January 2022. He sought permission to apply for renewal of the passport for a period of 10 years. The agency opposed the ple

Centre defends PMLA act, petitioners question provisions of summoning

Senior Advocate Kapil Sibal, representing petitioners in the matter, said that the ED summons a person without telling them whether he is being called as an accused or witness