Page 5 - Money Laundering

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

AgustaWestland Case: SC dismisses Christian Michel's Plea on bail condition

The Supreme Court upheld a Delhi High Court order requiring accused Christian Michel to provide a local residential address for his bail in the ₹3,600-crore AgustaWestland case

AgustaWestland case: Delhi HC eases bail terms for Christian Michel James

Delhi High Court eases bail conditions for Christian Michel in the ₹3,600-crore AgustaWestland money laundering case, allowing cash surety and deferring passport deposit due to expiry

WATCH: ED drags former Cong MLA from Delhi hotel, takes into custody

Ex-Congress MLA Dharam Singh Chhoker was arrested around 9 pm on Sunday at the Grappa Bar inside the Shangri-La Hotel

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

ED to prioritise FEMA violation cases in 2025: Director Rahul Navin

In a bid to ensure corrective action rather than just punitive measures, the Director added that the ED would encourage defaulters to file for compounding of offences where appropriate

Probe agency ED searches 8 places in Delhi-NCR in case against FIITJEE

Residence of Dinesh Kumar Goel, managing director of company, among places investigated: Sources

ED attaches Rs 121.8 cr worth assets of Neomax Group in Rs 8,000 cr scam

The attached properties, located across Tamil Nadu, have an estimated market value of around Rs 600 crore

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

National Herald case: ED alleges ₹2,000 cr grab by Sonia, Rahul-linked firm

A "criminal conspiracy" was carried out by Congress leaders to "usurp" properties worth Rs 2,000 crore of its public company AJL by transferring 99 per cent shares for just Rs 50 lakh to their private company Young Indian, where Sonia Gandhi and Rahul Gandhi are the majority shareholders, the ED is learnt to have said in its chargesheet in the National Herald case. Former Congress president Sonia Gandhi was named accused no 1, and her son and Leader of Opposition in Lok Sabha Rahul Gandhi as accused no 2 by the federal probe agency in the prosecution complaint filed under various sections of the Prevention of Money Laundering Act (PMLA) before the court of Special Judge Vishal Gogne. The other accused named in the Enforcement Directorate chargesheet filed on April 9 are Congress party associates Suman Dubey and Sam Pitroda, two companies Young Indian and Dotex Merchandise Pvt Ltd and Sunil Bhandari (of Dotex Merchandise). The ED has filed the chargesheet under sections 44 and 45 of

Will Mehul Choksi be extradited? What the India-Belgium Treaty says

With diamond businessman Mehul Choksi's arrest, all eyes turn to Belgium as India awaits greenlight on extradition

Mehul Choksi detained in Belgium; India initiates extradition process

The fugitive diamantaire, wanted in the infamous Punjab National Bank fraud case, was granted residency in Belgium on November 15, 2023

'Think of people's rights too': SC slams ED over bid to move NAN scam case

Supreme Court criticised ED for ignoring fundamental rights in plea to transfer NAN scam case

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 ..

India, Mauritius ink pact during PM's visit to curb money laundering, graft

During the recent visit of Prime Minister Narendra Modi, India and Mauritius signed an agreement to enhance cooperation in combating money laundering, corruption, fraud, asset recovery and the financing of illicit activities, the ED said Thursday. The collaboration between Enforcement Directorate (ED) and the Financial Crimes Commission (FCC) of Mauritius will "bolster" financial enforcement capabilities and will also contribute to broader economic and security cooperation between the two nations, the federal probe agency said in a statement. The Memorandum of Understanding (MoU) was exchanged in the presence of Modi and Prime Minister of Mauritius Navinchandra Ramgoolam. During the discussions leading to the MoU, the ED and the FCC explored the possibilities of "joint operations" to detect, investigate and prosecute cross-border money laundering offences, according to the ED. They also underlined the significance of exchange programmes, experience sharing, training and skill build

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

Delhi HC grants bail to Christian Michel in Rs 3,600 cr AgustaWestland case

The Delhi High Court on Tuesday granted bail to alleged middleman Christian Michel James in the Rs 3,600-crore AgustaWestland money laundering case. Justice Swarana Kanta Sharma granted the reprieve to James after the order on his bail plea was reserved on February 28. Details of the order are awaited. The Supreme Court previously granted bail to the British national in a related CBI case on February 18. Probe agencies reported irregularities in the purchase of 12 VVIP helicopters from Italian manufacturing company AgustaWestland. The ED's counsel opposed Michel's plea, saying the British national did not meet the "twin tests" for grant of bail under the Prevention of Money Laundering Act and was a flight risk. Michel's lawyer sought the relief on grounds that he had already spent a substantial amount of time in custody. He earlier submitted while the anti-money laundering law has a maximum punishment of seven years, he spent over six years in jail. James was extradited from Du

Court directs ED to supply papers in excise policy case against Kejriwal

A Delhi court has directed the ED to hand over certain documents to the accused persons in a money laundering case against former Delhi chief minister Arvind Kejriwal and others in relation to alleged excise scam. Special judge Kaveri Baweja passed the order on February 25 on applications moved by multiple accused persons, claiming that they had not received some documents relating to the chargesheet filed in the case. The court, which is currently conducting scrutiny of documents, posted the matter -- also involving AAP leaders Manish Sisodia and Sanjay Singh as accused -- on March 3. "Put up for further proceeding on the next date of hearing, i.e., March 3," the judge said. The money laundering case stems from a CBI case lodged after Delhi Lieutenant Governor V K Saxena recommended a probe into the alleged irregularities in the implementation of the excise policy. According to the CBI and the ED, irregularities were committed while modifying the policy and undue favours were ...

Delhi court grants bail to man accused in Rs 329 cr money laundering case

A Delhi court has granted bail to a man arrested in a money laundering case linked to alleged illegal transfer of funds worth Rs 329 crore outside India using "forged" import bills. Additional Sessions Judge Aparna Swami granted relief to Jatin Chopra, who was taken into custody on September 15, 2024, saying that "owing to further investigation which is pending, the trial of the applicant cannot commence". "If the applicant is left to languish in custody for the said further investigation to be completed, it would frustrate the objective of law which guarantees to the accused the right not to be detained beyond 90 days on account of pendency of investigation," the judge said in an order passed on February 20. Advocate Dhruv Gupta appeared for the applicant. The Enforcement Directorate had arrested Chopra, claiming that he "failed" to join the probe despite being summoned several times. The money laundering case stems from an FIR lodged by the Special Cell of the Delhi Police. The