Page 3 - Money Laundering Case

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

Mahadev app case: ED searches premises of EaseMyTrip's Nishant Pitti

The ED said that several top politicians and government officials from Chhattisgarh are suspected to be involved in illegal activities and money deals connected to the app

Robert Vadra appears before ED on day 2 of questioning in land deal case

Robert Vadra, the businessman brother-in-law of Leader of Opposition in Lok Sabha Rahul Gandhi, appeared before the Enforcement Directorate on the second straight day on Tuesday for his questioning in a 2008 Haryana land deal linked money laundering case. He was accompanied by his wife Priyanka Gandhi Vadra, the Congress MP from Kerala's Wayanad. The two exchanged hugs before Robert Vadra went inside the ED office. He was questioned for about five hours on Tuesday and his statement was recorded by the federal probe agency under the Prevention of Money Laundering Act (PMLA), official sources said. The session will resume on Wednesday, the sources said. The 56-year-old Vadra had termed the ED action "political vendetta". He said he has always cooperated with investigative agencies and has furnished huge amount of documents, stressing that there needs to be a closure in cases which are as old as 20 years. The probe against Vadra is linked to a land deal in Haryana's Manesar-Shikohpu

ED attaches Aamby Valley land worth Rs 1,460 crore in Sahara case

This land was purchased in benami names with funds diverted from Sahara group entities

ED attaches ₹1,460 cr Aamby Valley land in probe against Sahara Group

The Enforcement Directorate has attached ₹1,460 crore worth of benami land in Aamby Valley, seizing 707 acres linked to diverted investor funds in the Sahara probe

ED attaches Rs 95 cr worth assets of Gurugram realty firm SBPL in PMLA case

The Enforcement Directorate on Monday said it has attached assets worth about Rs 95 crore as part of a money laundering investigation against a Gurugram-based real estate company and its promoter on charges of duping more than 950 homebuyers. The action has been taken against Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt. Ltd. (SBPL), his companies and some other persons, the federal probe agency said in a statement. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) for attaching land parcels, residential house and commercial building in Gurugram (Haryana), it said. These properties are worth Rs 94.82 crore, acccording to the agency. The company or its promoter could not be contacted for their response on the allegations made by the ED against them. The money laundering case stems from a clutch of FIRs filed by the Economic Offences Wing (EOW) of Delhi Police. The EOW complaints were registered on the basis of complaints of various ..

Tahir Hussain gets bail in money laundering case after 4 years of custody

He will remain in custody in a larger conspiracy of the Delhi riots case. He is also accused of a larger conspiracy in the Delhi Riots case

Vanuatu cancels Lalit Modi's passport for 'attempt to avoid extradition'

This comes days after Lalit Modi, founder of the Indian Premier League (IPL), applied to surrender his Indian passport at the Indian High Commission in London

ED attaches Rs 65 cr assets linked to ex-GM of Sikkim Bank in fraud case

The Directorate of Enforcement (ED) has provisionally attached movable and immovable properties worth Rs 65.46 crore in connection with a money laundering case involving a former general manager-ranked officer of a Sikkim-based bank. The ED said in a statement that the attached assets include four residential properties and land parcels located in Deorali, Syari, Ranipool and Penlong - all in Sikkim. These properties were allegedly acquired using proceeds from fraudulent activities linked to siphoning of funds from the State Bank of Sikkim (SBS) by Dorjee Tshering Lepcha, its former general manager (operations). Additionally, several bank accounts with a combined deposit of approximately Rs 53.41 crore in the names of Lepcha and his family members have also been frozen, the statement said. These actions are parts of an ongoing investigation into the misappropriation and laundering of funds from the bank under the Prevention of Money Laundering Act (PMLA), 2002. Established in 1968

Cooperating with ED into alleged money laundering case, says Bhutani Group

Real estate firm Bhutani Infra on Saturday said it is co-operating with Enforcement Directorate (ED) in its investigation into alleged money laundering and fraud with property buyers. On Thursday, the ED searched multiple premises of two real estate companies and their promoters in Delhi-NCR as part of a money laundering investigation linked to alleged fraud with homebuyers, officials had said. The action is being taken against WTC Builder, its promoter Ashish Bhalla and the Bhutani Group, among others, they said. In a statement on Saturday, Bhutani Infra said it has severed all ties with the WTC Group earlier this month and "is now fully cooperating with the ED in its investigation." The company said that "it has no financial or operational connections to WTC, and any suggestion to the contrary is entirely false and misleading." Bhutani Group said "it is not involved in any of the current financial troubles surrounding WTC. On Thursday, the Gurugram office of the ED raided about