Page 3 - Money Laundering Case

Bank fraud case: Court orders auction of sports academy, land of ex-MLA

A special anti-money laundering court has ordered the auction of properties linked to former MLA Vivekanand Shankar Patil to facilitate repayment to creditors of a cooperative bank based in Panvel in Maharashtra's Raigad district. The properties, comprising a multi-acre sports academy and a land parcel in Panvel, have been attached by probe agencies in an alleged fraud of over Rs 512 crore at the Karnala Nagari Sahakari (cooperative) Bank. Patil, the prime accused in the case, represented Panvel as a Peasants and Workers Party of India MLA for three terms and was a legislator from Uran once. A total of 87 properties, including some ancestral assets of Patil, were attached under the MPID Act, or the Maharashtra Protection of Interest of Depositors (in Financial Establishments) Act, by Navi Mumbai police's Economic Offences Wing. The Enforcement Directorate (ED), which is also probing a money laundering case linked to the fraud, has dual attachment to some of these properties. Speci

Delhi Court convicts former Nalco CMD Srivastava for money laundering

A Delhi court convicts former NALCO CMD Abhay Kumar Srivastava and others for money laundering under the PMLA in a case involving bribery linked to coal procurement

ED arrests ex-CM Bhupesh Baghel's son in Chhattisgarh liquor scam

ED alleges a liquor syndicate operated between 2019-2022, causing ₹2,100 crore loss to state exchequer, with proceeds shared by top political figures

ED raids Punjab de-addiction centres in 'illegal' drugs sale case

The Enforcement Directorate (ED) on Friday raided multiple locations in Punjab apart from some in Mumbai as part of a money laundering investigation linked to "illegal" sale of drugs by private de-addiction centres in the northern state, official sources said. The federal probe agency's investigation stems from various FIRs filed by Punjab Police against a doctor named Amit Bansal, a pharmaceutical company, a drugs inspector and some others. Bansal runs 22 drugs de-addiction centres across Punjab, the sources said. The raids are being conducted in Chandigarh, Ludhiana and Barnala in Punjab and in Mumbai, Maharashtra, under the Prevention of Money Laundering Act (PMLA), they said. Sources said private de-addiction centres like the ones run by Bansal have been entrusted by the Punjab government to provide BNX (Buprenorphine/Naloxone) medicine to patients, enrolled in their facilities, so that they can be weaned away from narcotics. It was found that these medicines meant for ...

Robert Vadra appears before ED in Sanjay Bhandari money laundering case

Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, appeared before the Enforcement Directorate on Monday for his questioning in connection with the UK-based arms consultant Sanjay Bhandari linked money laundering case, official sources said. The businessman's statement will be recorded under the Prevention of Money Laundering Act (PMLA), they said. The 56-year-old Vadra was called by the agency to depose last month but he had sought deferment of his summons as he had to travel abroad. He is being investigated by the central probe agency in three different money laundering cases, including this one. The two others pertain to alleged irregularities in land deals. The 63-year-old Bhandari fled to London in 2016 soon after the Income-Tax department raided him in Delhi. He was recently declared a fugitive economic offender by a Delhi court. A UK court last month refused the Indian government's application seeking permission to appeal in Britain's Supreme Court

ED raids in several Punjab, Haryana cities in 'donkey route' case

The Enforcement Directorate on Wednesday conducted searches in multiple cities of Punjab and Haryana as part of a money laundering investigation into a 'donkey route' case related to illegal Indian immigrants who were deported by the US this year, official sources said. Offices and houses of suspects and agents in at least 11 cities in the two states -- Amritsar, Sangrur, Patiala and Moga in Punjab and Ambala, Kurukshetra and Karnal in Haryana-- are being raided under the Prevention of Money Laundering Act (PMLA), the sources said. The money laundering case stems from 17 FIRs registered by Punjab and Haryana police departments against the travel/visa agents and middlemen who cheated various persons willing to go to the US illegally, they said. A number of Indians from these two states and few others were deported onboard US military planes in February this year and the agency later recorded the statements of few deportees. These statements and some linked investigation threw up the

ED attaches luxury yacht, properties in Spain in case against OctaFX

This is the second instance when the offshore properties have been attached in this case. Previously, the probing agency attached 19 properties in Spain and other assets worth ₹296 crore

Actor Mahesh Babu served legal notices in ₹34 lakh plot fraud case

Mahesh Babu, who endorsed Sai Surya Developers, has been served legal notices after a Hyderabad-based doctor alleged she was duped of ₹34 lakh in a non-existent plot scam

ED raids 8 places in J'khand in money laundering case against Yogendra Sao

The raids have been underway since early morning in Jharkhand's Hazaribagh and Ranchi, based on an ongoing investigation under the Prevention of Money Laundering Act (PMLA), official sources told ANI

ED attaches Mahira Group assets worth ₹557 cr in money laundering case

The ED initiated the probe based on FIRs filed by Gurugram Police against Sai Aaina Farms Pvt. Ltd. and others under various sections of the Indian Penal Code

BRS leader K T Rama Rao appears before Telangana ACB in Formula E race case

BRS Working President K T Rama Rao on Monday appeared before the Telangana government's Anti-Corruption Bureau (ACB) as part of its ongoing inquiry in the Formula E race case. Speaking to reporters at the BRS headquarters here prior to his appearance, Rama Rao called the investigation against him "political harassment" and accused the Congress government of trying to divert public attention from its "failure" to fulfill the election promises. "May be, they will arrest me. But, one thing is sure. We had gone to jail earlier for the sake of Telangana (statehood). We are ready to go to jail again over a decision taken to promote Hyderabad's brand image. Ready to go to jail even 100 times. But, we will not spare the Congress government (on its poll promises)," he said. He added that truth will triumph in the end. The BRS Working President, who was the Municipal Administration Minister during the previous BRS regime, was questioned by the ACB in January this year in connection with the

Nexa Evergreen land Scam: ED raids 24 sites across Rajasthan, Gujarat

The real estate firm allegedly defrauded around 62,000 investors by offering land in Gujarat's Dholera and promising to double investments in 14 months

Harsh Goenka supports fugitive Vijay Mallya, says justice must be fair

Vijay Mallya recently appeared on a YouTube podcast, where he shared his side for the first time in nine years - speaking on decline of Kingfisher Airlines, charges against him, and more

ED arrests key accused Rohan Harmalkar in ₹1,000 crore Goa land scam

The alleged mastermind Rohan Harmalkar is charged with defrauding property owners using fake documents and tampering revenue records across prime tourist locations in Goa

ED arrests former Uco Bank chairman Subodh Kumar Goel in fraud case

ED arrests ex-Uco Bank CMD Subodh Goel in ₹6,210 crore fraud case; agency alleges he received illegal gratification via shell firms during credit sanctions to CSPL

Who is the Indian-origin billionaire Balvinder Singh jailed in Dubai?

Balvinder Singh Sahni is a well-known businessman in Dubai's elite circles. He is founder of RSG Group, a real estate and property management firm with operations in UAE, India, US and other countries

100 PMLA courts in country but money laundering trials delayed: ED

Timely completion of money laundering case trials continues to face several "systemic" and "procedural" hurdles, even though there are 100 special PMLA courts across the country, the Enforcement Directorate has said in its latest report. The federal probe agency has been regularly targeted by political parties in the opposition, alleging that its actions were biased and the conviction rate was "poor" -- a claim strongly refuted by the organisation. ED Director Rahul Navin defended the track record of his agency during an event held here on Thursday to mark the 'ED Day', saying its conviction rate was more than 93 per cent. Same day, the ED also released its first-ever annual report, where it devoted a specific chapter to 'Challenges in Expeditious Completion of PMLA Trials'. Till now, the estimate of yearly work done by the agency was clubbed in the 'Annual Report' of the Union finance ministry under which the ED works. "While the legal framework under PMLA (Prevention of Money ..

Over 1,700 money laundering cases under trial: ED chief Rahul Navin

He attributed the delay in prosecution to the broader issue of slow judicial processes in the country

ED summons actor Mahesh Babu for questioning in money laundering case

The Enforcement Directorate is probing Sai Surya Developers under PMLA for delays in the 'Green Meadows' project. Actor Mahesh Babu was the project's brand ambassador

ED attaches Jagan's shares, Dalmia land worth ₹800 cr in old bribery case

The Enforcement Directorate's action stems from a case initially registered by the CBI in 2011, alleging that DCBL invested ₹95 crore in Raghuram Cements Ltd, a company associated with Jagan Reddy