Page 13 - Money Laundering Case

Court extends Senthil's custody till Jan 22 in money laundering case

He was arrested by the Enforcement Directorate (ED) on June 14 last year under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA)

Money laundering case: SC extends NCP leader Nawab Malik's bail by 6 months

The Supreme Court on Thursday extended by six months the interim bail of former Maharashtra minister Nawab Malik in a money laundering case. A bench of Justices Bela M Trivedi and Pankaj Mithal extended the medical bail granted to Malik after Additional Solicitor General SV Raju, appearing for the Enforcement Directorate, said the probe agency has no objection to it. On October 12 last year, the top court extended by three months the interim bail of Malik in the case. Malik had moved the top court against the Bombay High Court's July 13, 2023, order denying him bail on medical grounds in the case being probed by the Enforcement Directorate (ED). The top court had earlier noted that Malik is suffering from kidney ailment and his condition has not improved since August 11 last year when he was granted interim bail for two months. The ED had arrested Malik in February 2022 in the case allegedly linked to the activities of fugitive gangster Dawood Ibrahim and his associates. Malik ha

ED raids premises of Shiv Sena-UBT MLA Waikar in money laundering case

The Enforcement Directorate on Tuesday raided the premises of Shive Sena (UBT) MLA Ravindra Waikar and some of his linked entities in a money laundering case linked to alleged irregularities in construction of a luxury hotel in Jogeshwari area of the city, official sources said. About seven locations in Mumbai are being searched by the agency, they said. These include the premises of Waikar and some of his partners and others, the sources said. Waikar, 64, is a Sena MLA from the Uddhav Balasaheb Thackeray faction and represents the Jogeshwari east constituency in the Maharashtra assembly. The money laundering case of the ED stems from a Mumbai Police economic offences wing (EOW) FIR that accuses the legislator of illegally obtaining approval for the construction of a five-star hotel on a plot reserved for a garden. It is alleged that this deal caused a huge loss to the BMC.

Court reserves order on bail plea of Lava MD in Vivo money laundering case

A court here on Monday reserved its order on the bail application of Hari Om Rai, the managing director of Lava International Company arrested in a money laundering case against Chinese smartphone-maker Vivo. Additional Sessions Judge Kiran Gupta reserved the order for January 12 after hearing the arguments of the counsels appearing for the accused and the Enforcement Directorate (ED). Senior advocate Vikaram Chaudhari and advocate Nitesh Rana, appearing for Rai, told the court that he has several medical ailments, and due to these, "keeping him in jail might be disastrous". "Although the doctors in jail are good, but keeping him there will worsen his condition," the court was told by the advocates. The application was opposed by the ED. The agency said that if released on bail, the accused may tamper with evidence or influence witnesses. Rana had earlier told the court that though Rai's company and Vivo were in talks to launch a joint venture in India a decade ago, he had nothing

ED raids premises of Karnataka Cong MLA Nanjegowda in money laundering case

The premises of Karnataka Congress MLA K Y Nanjegowda and some of his linked entities were raided on Monday morning by the Enforcement Directorate as part of a money laundering investigation, official sources said. The 61-year-old legislator represents the Malur assembly seat in Kolar district. The officials of the central agency are covering the MLA's premises and those of his linked entities in Malur and Kolar as part of a investigation under the Prevention of Money Laundering Act (PMLA), the sources said. The ED case of money laundering is understood to have been filed on the basis of some local police FIRs related to alleged irregularities in the appointment of staff in the Kolar-Chikkaballapur District Cooperative Milk Producers Union Ltd (KOMUL), of which he is the president, and some other charges. The office and plant of the milk cooperative in Kolar are also being searched, the sources said. As per KOMUL, it is Karnataka's second highest milk producing district ...

Court allows jailed Sanjay Singh to visit Returning Officer for RS polls

A court here has allowed AAP leader Sanjay Singh, arrested in a money laundering case linked to the alleged Delhi excise scam, to physically visit the returning officer for the Rajya Sabha election in connection with the filing of nomination papers. Special Judge M K Nagpal, who had earlier allowed Singh to sign certain documents related to his re-nomination for Rajya Sabha polls, passed the direction on an application filed by the politician. The judge directed Tihar jail authorities to produce Singh before the returning officer on January 8 and 10 "to enable him to submit his nomination papers in connection with the said election and also for scrutiny thereof". "The accused shall be permitted to remain there till the above process of nomination and scrutiny of the documents is completed," the judge directed in an order passed on January 6. The politician submitted that his present term as a Member of Rajya Sabha is expiring on January 27, 2024, and the returning officer has alrea

AAP leader Sanjay Singh allowed to sign documents for RS renomination

A court here has allowed AAP MP Sanjay Singh, arrested in a money laundering case related to the alleged Delhi excise scam, to sign forms and documents for his Rajya Sabha renomination. Special Judge M K Nagpal passed the order on an application filed by the politician, who submitted that his present term as a member of the Rajya Sabha is expiring on January 27 and the Returning Officer has issued a notice on January 2 for conduct of the election and nominations for the same are to be submitted by January 9. The application sought a direction to the Tihar Jail Superintendent to allow Singh to sign the documents. "It is being directed that if the documents are presented by counsel for accused before jail authorities on January 6, 2024, the jail superintendent shall ensure that the signatures of the accused are permitted to be taken on said documents and he is also permitted to meet his Counsel for half-an-hour to discuss the modalities in connection with filing of the said nomination

Court extends Senthil Balaji's remand till Jan 11 in money laundering case

A sessions court here on Thursday extended Tamil Nadu Minister V Senthil Balaji's remand till January 11. The DMK leader, arrested by the Enforcement Directorate on June 14, 2023 in a money laundering case, is presently lodged at the Puzhal prison here. Principal Sessions Judge S Alli, before whom Balaji was produced by the prosecution through video-conferencing from the prison, extended his judicial custody. Balaji was arrested by the ED in connection with a money laundering case linked to a cash-for-jobs scam when he was the Transport Minister during an earlier AIADMK regime. Soon after his arrest, he underwent a bypass surgery at a private hospital. Later, the ED took him into custody for interrogation and following that he was remanded in judicial custody. His remand was periodically extended by the court.

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