Page 5 - Money Laundering Case

Money laundering case: Shilpa Shetty, husband challenge ED notices in HC

Actor Shilpa Shetty and her businessman husband Raj Kundra have moved the Bombay High Court challenging ED's notice directing them to vacate their house in Mumbai's Juhu area and a farmhouse in Pune in connection with a money-laundering case. The pleas came up for hearing on Wednesday before a division bench of Justices Revati Mohite Dere and Prithviraj Chavan. The court issued notice to the Enforcement Directorate (ED) and posted the matter for hearing on Thursday. Their petitions challenge ED notices dated September 27 issued to Shetty and Kundra directing them to evict their residential premises here and a farmhouse in Pune within ten days in connection with a money-laundering case linked to an alleged Bitcoin fraud. The couple's advocate Prashant Patil said that Shetty and Kundra received the eviction notices only on October 3. He termed the notices arbitrary and illegal and sought them to be quashed. According to the pleas, there is no grave urgency for the petitioners to vac

Vivo PMLA case: Patiala House Court grants bail to CA Rajan Malik

This case also involves other individuals, including Lava International's former Managing Director Hari Om Rai, Chinese national Guangwen (Andrew Kuang), and chartered accountant Nitin Garg

Land-for-jobs case: Delhi court grants bail to Lalu Prasad Yadav and sons

RJD chief and former railways minister Lalu Prasad Yadav and his sons, Tejashwi Yadav and Tej Pratap Yadav, were granted bail on a surety of Rs 1 lakh each

Mahadev betting app case: SC gives bail to Chhattisgarh businessman

The Supreme Court on Thursday gave bail to Chhattisgarh-based businessman Sunil Dammani, arrested by the ED in August last year in a money laundering case linked to the Mahadev illegal gambling app, and said it was doing so without getting into the merit of the allegations. A bench comprising Justices J B Pardiwala and Manoj Misra noted that Dammani has been in custody since August 23, 2023 and set aside the Chhattisgarh High Court order denying him bail. "Without saying anything on merits, we are of the view that the appellant may be released on bail subject to bail conditions. "Appellant is ordered to be released on bail if not required in any other investigation, subject to the condition that he shall mark his presence every 15 days at the ED office in the concerned district. The appellant shall not leave the country without prior permission of the trial court," the bench said. As the hearing commenced, Dammani's counsel, senior advocate Vikas Pahwa, told the court that the ...

ED summons ex-cricketer Azharuddin in Rs 20 cr HCA fund mismanagement case

The charges against former India captain, and Congress leader, Azharuddin, and other former HCA officials include criminal breach of trust, cheating, forgery, and conspiracy

Mahadev app case: SC to hear bail plea of Chhattisgarh bizman on Oct 3

The Supreme Court on Tuesday agreed to hear on October 3 a bail plea of Chhattisgarh-based businessman Sunil Dammani, who was arrested by the Enforcement Directorate in August last year in a money laundering case linked to the illegal gambling Mahadev app. A bench comprising Chief Justice D Y Chandrachud and Justices J B Pardiwala and Manoj Misra was urged by the counsel for the jailed businessman that the bail plea needed to be heard urgently. "We usually do not skip the board (cases listed for hearing on a given day), but this is a bail plea... We will hear it on Thursday," the CJI said after Damani's lawyer said that his client has been in jail for over 13 months. On August 23 last year, the Enforcement Directorate (ED) arrested Dammani along with three others for their alleged involvement in the Mahadev app money laundering case. The central probe agency had also conducted searches at the properties of 10 people including Vinod Verma, political advisor to former Chhattisgarh ch

ED searches Telangana minister Reddy's premises in money laundering case

The Enforcement Directorate on Friday raided multiple premises linked to Telangana revenue minister P Srinivasa Reddy and some others as part of a money laundering case linked to an alleged smuggling racket of more than Rs 100 crore, official sources said. About five premises in the state, including Hyderabad, are being searched, they said. The money laundering case stems from a Directorate of Revenue Intelligence (DRI) complaint against Reddy's son, Harsha Reddy of the Raghav Group, who is alleged to have purchased seven watches worth Rs 7 crore. The payments for these are linked to an alleged hawala and crypto currency racket worth Rs 100 crore and a man named A Naveen Kumar is under the scanner of the ED. Ponguleti Srinivasa Reddy, a Congress leader, is the minister for Revenue, Housing, Information and Public Relations in the Telangana government.

ED files reply to bail plea of Satyendar Jain, hearing set for next week

Advocate Vivek Jain appeared for Satyendar Jain and informed the court that the reply has been received an hour ago

ED gets max tip offs for money laundering from media, social sites: FATF

Open source inputs like media reports, social media comments, tip offs and complaints form the bulk of information that leads the ED to identify potential money laundering cases, the FATF said on Thursday in its latest mutual evaluation report for India. The Financial Action Task Force (FATF), which steers the combat against money laundering and terrorist financing crimes, also lauded India's systems and regime created for this battle as it asked the country to bring about "major improvements" to strengthen prosecution in such cases. "The largest number of money laundering investigations are identified by ED (Enforcement Directorate) from open sources; from the general public, media reporting and information from social networks followed by verification of the information via the CCTNS (crime and criminal tracking network and systems) database and money laundering reports by LEAs (law enforcement agencies)," the report said. The FATF said the ED uses "seven avenues" to identify ...

Delhi Court discharges Ambience Group promoter Raj Singh Gehlot in ED case

Raj Singh Gehlot, promoter of the Ambience Group, was arrested on July 28, 2021, in connection with the money laundering case related to alleged bank loan fraud

Court to rule on summoning Lalu, Tejashwi in money laundering case today

On July 6, the Rouse Avenue court granted time and directed that ED shall file additional/ concluding charge sheet

ED surveys Ramprastha Group premises in money laundering case in Gurugram

The Enforcement Directorate conducted searches at multiple locations of real estate company Ramprastha Group in Gurugram on Wednesday as part of a money laundering investigation linked to alleged cheating with home buyers, official sources said. The ED case stems from a clutch of FIRs filed by the local police against the company by "disgruntled homebuyers for non-fulfilment of the promise of handing over the (housing) projects to them", the sources said. The projects include Ramprastha Rise, Ramprastha City and Ramprastha SKYZ located in Gurugram, Haryana. There was no response to phone calls made by PTI to the company. ED sources said some promoters of the group like Balwant Chaudhary, Arvind Walia and Sandeep Yadav have been called for questioning but they are yet to join the investigation. The company said on its website that it holds a large land bank in Gurugram with a combined development potential of over 80 million sq. ft. "We have successfully sold 8000 dwelling units i

SC defers hearing review petition challenging PMLA provisions to Sept 18

The court was hearing the review petition challenging of top court's judgement upholding the provision of PMLA

Power to arrest is proportional to its checks, balances: Delhi court to ED

A Delhi court has pulled up the Enforcement Directorate (ED) while granting bail to an accused in a money laundering case and said that the power to arrest must be directly proportional to its checks and balances coupled with unambiguous regulations. Granting bail to Mangelal Sunil Agarwal, Additional Sessions Judge (ASJ) Dheeraj Mor noted that in a "very unpleasant situation", while the previous investigating officer had cited him as a witness, the next IO chose to arrest him based on the same evidence available on record. "The hallmark of investigation is its objectivity. Subjective interpretation of IO must be deprecated as it would make a supposed objective investigation dependent upon his uncontrolled whims and fancies, who has been conferred extreme power of arrest that leads to curtailing liberty of an individual," the judge said in the order passed on August 31. "In these circumstances, it is apparent that one of the lOs was/is wrong and either acted upon the considerations

Excise policy scam: SC grants bail to ex-AAP functionary Vijay Nair

The Supreme Court on Monday granted bail to former AAP communication in-charge Vijay Nair in a money laundering case linked to the alleged Delhi excise policy scam, saying liberty is "sacrosanct". Relying on the legal principle of "bail is rule and jail is exception" cited by a coordinate bench, the top court said pre-trial incarceration cannot be a punishment. A bench comprising Justices Hrishikesh Roy and SVN Bhatti noted that Nair has been in jail for the last 22 months in the money laundering case where the maximum punishment is seven years. On August 12, the bench had sought a response from the Enforcement Directorate (ED) on the bail plea of Nair. Nair, who was arrested by the agency on November 13, 2022, had challenged the trial court's July 29 order dismissing his default bail plea. On July 3 last year, the Delhi High Court had refused to grant bail to Nair and other co-accused in the money laundering case. The money laundering case stems from a Central Bureau of Investig

ED attaches Rs 834 cr land of Emaar India, MGF Developments under PMLA

The attached properties, spanning 401.65 acres in Gurugram and Delhi, are linked to an ongoing investigation into fraudulent land acquisitions

Delhi excise scam: Court issues release warrant for BRS leader K Kavitha

A Delhi court on Tuesday issued release warrants for BRS leader K Kavitha in corruption and money laundering cases related to alleged Delhi excise policy scam. Special Judge Kaveri Baweja issued the order after being informed that the politician was granted bail earlier in the day by the Supreme Court in both the cases. The judge granted relief on a personal bond of Rs 10 lakh each in both the cases along with sureties. An apex court bench noted that Kavitha has been in custody for around five months and the probe against her by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) was complete in these cases. The apex court set aside a July 1 Delhi High Court order denying her bail. The high court had dismissed Kavitha's bail pleas in both cases, saying she was prima facie one of the main conspirators in the criminal conspiracy related to the formulation and implementation of the now-scrapped Delhi Excise Policy 2021-22. The ED arrested Kavitha (46) from

ED files money laundering case to probe irregularities in R G Kar Hospital

The Enforcement Directorate has filed a money laundering case to probe alleged financial irregularities at the RG Kar Medical College and Hospital during the tenure of its former principal Sandip Ghosh and some others, official sources said Tuesday. The federal agency has taken cognisance of a CBI FIR to file its Enforcement Case Information Report (ECIR), equivalent to an FIR, under various sections of the Prevention of Money Laundering Act (PMLA). The agency, according to the sources, has gathered banking and medical procurement documents related to this hospital and medical college from "various sources" and it may soon issue summons to the accused for questioning and recording of their statements, the sources said. The accused in the ED case are the same who have been named in the CBI complaint, they said. In its FIR registered on the directions of the Calcutta High Court, the CBI has booked Ghosh and three Kolkata-based private entities -- Ma Tara Traders of Madhya Jhorehat, .

HC bench recuses from hearing ex-cop Sachin Waze's plea seeking release

A division bench of the Bombay High Court on Tuesday recused from hearing a petition filed by dismissed policeman Sachin Waze seeking bail in the CBI's corruption case also involving former Maharashtra home minister Anil Deshmukh. Waze, who is in judicial custody, had sought to be released on bail, claiming he is an approver in the case and on grounds of parity as all the other accused are out on bail. A division bench of Justices Bharati Dangre and Manjusha Deshpande had earlier this month briefly heard the petition and said it would pass order on the interim bail request first and then hear the petition finally. However, on Tuesday, Justice Dangre recused from hearing the matter. "I did not realise then that this matter also involves Anil Deshmukh. I cannot hear pleas related to this," Justice Dangre said without elaborating any further. The petition will now be placed for hearing before another division bench. Waze, in his plea, said keeping him in jail, even after he was decl

SC grants bail to BRS Leader K Kavitha in Delhi liquor policy case

Bharat Rashtra Samithi leader secures bail from Supreme Court after five months in custody