Page 9 - Money Laundering

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

SBI manager, gym trainer held in Rs 175 cr cyber fraud case in Telangana

Fraud uncovered after numerous complaints on the National Cybercrime Reporting Portal

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

SC adjourns hearing on Vijay Nair's bail plea in Delhi excise policy scam

The Supreme Court on Tuesday adjourned hearing on the bail plea of former Aam Aadmi Party communication in-charge Vijay Nair in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices Hrishikesh Roy and SVN Bhatti deferred the matter after the counsel for the ED sought a weeks' time for filing a counter affidavit. "Reluctantly, time prayed for is granted," the bench said. The top court had issued notice to the Enforcement Directorate (ED) on August 12 on the plea of Nair while noting that he has been in custody for two years. Appearing for Nair, senior advocates Abhishek Singhvi and Vikram Chaudhary submitted before the court on August 12 that he was arrested on November 13, 2022, and he has challenged the trial court's July 29 order dismissing his default bail plea. Earlier, on July 3 last year, the high court refused to grant bail to Nair and other co-accused in the money laundering case. The money laundering case stems from a Central Bureau

Excise Policy case: HC extends interim bail of Amit Arora till Aug 30

Arora had filed a regular bail application seeking relief under the provison to Section 45 of the PMLA as his bail is set to expire on August 21

SC to hear K Kavitha's bail pleas in Excise policy case on Tuesday

The Supreme Court is scheduled to hear on Tuesday BRS leader K Kavitha's pleas seeking bail in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The apex court had on August 12 sought responses from the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on Kavitha's pleas challenging the Delhi High Court's July 1 verdict denying her bail in these cases. As per the cause list of August 20 uploaded on the top court website, a bench of justices B R Gavai and K V Viswanathan is slated to hear her pleas. During the arguments on August 12, Kavitha's counsel had sought bail contending that she has been in custody for around five months and the charge sheet and prosecution complaint have already been filed by the CBI and the ED respectively. A prosecution complaint is the ED's equivalent of a charge sheet. Her lawyer had referred to the apex court's verdicts on the pleas filed by Delhi Chief Minister Arvind Kejriwal and Aam Aadmi Par

Bank fraud: ED attaches Rs 678 cr worth land assets of Avantha Group

Land assets worth more than Rs 678 crore of the Avantha Group have been attached under the anti-money laundering law as part of an alleged bank loan fraud linked probe, the Enforcement Directorate said Thursday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach the properties located in Haryana, Maharashtra and Uttarakhand. The assets belong to various group companies of Avantha Group, "owned and controlled" by businessman Gautam Thapar. "On 19.08.2019, CG Power and Industrial Solutions Ltd had made disclosure under Regulation 30 of the SEBI (listing obligations and disclosure requirements) Regulations, 2015 to Bombay Stock Exchange and National Stock Exchange regarding findings which had potential implications on the financial position of the company. "The disclosure made by CG Power and Industrial Solutions Ltd. revealed that assets and liabilities of the company have been understated considerably," the ED said in a statement. It w

ED summons Dabur's Mohit Burman, others in Religare money laundering probe

Religare open offer case: Dabur Chairman Mohit Burman, three independent directors of Care Health Insurance and the manager of the open offer have been summoned by the Enforcement Directorate

ED starts restitution of flats worth Rs 20 cr to cheated Gurugram buyers

The Enforcement Directorate has initiated the process of restitution of flats worth more than Rs 20 crore to homebuyers of a Gurugram realty project who were allegedly cheated by the builder company, official sources said Wednesday. The case pertains to flats constructed by the SRS Group as part of projects like SRS Pearl, SRS City and SRS Prime. The process to restitute 78 flats of genuine homebuyers in these SRS projects has been initiated following the Appellate Tribunal, instituted under the Prevention of Money Laundering Act (PMLA), issuing an order on August 12 allowing the ED to return these flats worth a total Rs 20.15 crore to their rightful claimants. The central agency in January 2020 had provisionally attached assets worth Rs 2,215 crore as part of a money laundering investigation against the SRS Group of companies in a case related to alleged fraud committed against a number of homebuyers and investors. It was alleged by the ED that the SRS group of companies received

Money laundering charges framed against TMC MP Saket Gokhale, says ED

A special PMLA court in Ahmedabad has framed criminal charges, under the anti-money laundering law, against TMC's Rajya Sabha MP Saket Gokhale on Tuesday, the Enforcement Directorate said. "The Ld. Principal District and Sessions Judge, Ahmedabad (Rural) and designated Special Court PMLA, Ahmedabad today framed criminal charges against Saket Gokhale, MP Rajya Sabha and national spokesperson of All India Trinamool Congress under the provisions of Prevention of Money Laundering Act, 2002...," the central agency said in a statement. It said a charge sheet was filed against the 31-year-old MP under the anti-money laundering law last year. "Charges against him for the scheduled offence in the police case (Gujarat Police) had also been framed," it said. The special court had also rejected the application filed by Gokhale under Section 309 of the CrPC for keeping the proceedings under PMLA, 2002 in abeyance till the case of scheduled offence registered against him is decided by the court,

Delhi Excise scam case: SC extends interim bail to Hyderabad businessman

The Supreme Court on Tuesday extended the interim bail granted to Hyderabad-based businessman Abhishek Boinpally in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices M M Sundresh and Aravind Kumar adjourned the matter for hearing on October 14 as Additional Solicitor General S V Raju was not available. Senior advocate Kapil Sibal, appearing for Boinpally, submitted that the petitioner was arrested in October 2022 and referred to AAP leader Manish Sisodia case while seeking bail for him. During the brief hearing, advocate Zoheb Hossain, appearing for the ED, told the court that Boinpally has been out on interim bail owing to the condition of his wife, who is suffering from various ailments, since March 6 and requested the court to hear the matter in the presence of ASG. The apex court then adjourned the matter as the ASG was not available while extending the interim relief. On March 20, the top court noted that the businessman has been in

Excise policy cases: SC to hear BRS leader Kavitha's pleas on August 12

The Supreme Court is scheduled to hear on August 12 the pleas filed by BRS leader K Kavitha challenging the Delhi High Court's verdict denying her bail in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The high court had on July 1 dismissed Kavitha's bail pleas in both the cases, saying she was prima facie one of the main conspirators in the criminal conspiracy related to the formation and implementation of the now-scrapped Delhi Excise Policy 2021-22. According to the cause list of August 12 uploaded on the apex court's website, a bench of Justices B R Gavai and K V Viswanathan is slated to hear her petitions. While dismissing her bail pleas, the high court had said no case for grant of regular bail was made for now as the investigation is at a crucial stage. It had rejected her plea for relief on the grounds of being a woman, saying as a well-educated person and a former MP, she cannot be equated to a vulnerable female, and the court cannot

Manish Sisodia offers prayers at Hanuman temple, to address AAP workers

AAP leader and former deputy chief minister Manish Sisodia on Saturday offered prayers at the Hanuman temple in Connaught Place, a day after he was released from jail in the Delhi excise policy case. The Supreme Court on Friday gave Sisodia bail in corruption and money laundering cases linked to the alleged excise policy "scam" and said his long incarceration of 17 months without trial had deprived him of the right to speedy justice. He reached the temple along with Aam Aadmi Party (AAP) leaders, including MP Sanjay Singh and ministers Atishi and Saurabh Bharadwaj. Scores of party workers had gathered on the temple premises to greet him and raised slogans of "Jai Sri Ram" and "Jai Hanuman" as he arrived. Sisodia said, "May Lord Hanuman bless all the people of Delhi." AAP MP Singh said nothing will be achieved with politics of "hatred and revenge" and hoped Delhi Chief Minister and party supremo Arvind Kejriwal is also out of jail soon. Sisodia will go to Rajghat and then address

Supreme Court grants bail to Manish Sisodia, says speedy trial denied

"It is high time that the trial courts and high courts recognise that the principle of bail is a rule and jail is an exception"

ED registered more than 5,200 money-laundering cases since 2014: Govt

More than 5,200 money-laundering cases have been registered by the Enforcement Directorate (ED), with convictions obtained in 40 and acquittal in three since 2014, the government informed Parliament on Tuesday. The data was provided by Minister of State for Home Nityanand Rai in a written reply to a question in the Lok Sabha. A total of 5,297 cases were lodged under the Prevention of Money Laundering Act (PMLA) by the ED between 2014 and 2024, the data said. It said 40 cases resulted in conviction during the said period. However, one case resulted in acquittal during this year while two cases led to acquittals in 2017, the data shared by the minister showed. A total of 375 accused are currently under arrest under the anti-money laundering law for the period between 2016 and 2024, he stated. Rai also provided similar data for cases registered under the Unlawful Activities (Prevention) Act (UAPA), apart from acquittals and convictions under the anti-terror law between 2014 and 2022

Delhi HC to rule on Kejriwal's bail plea in Excise policy case today

Challenging his arrest, Kejriwal's counsel had contended that it was an insurance arrest to ensure that he stays in prison

SC to hear Manish Sisodia's bail pleas in Excise policy case on Monday

The Supreme Court is scheduled to hear on Monday Aam Aadmi Party (AAP) leader Manish Sisodia's bail pleas in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The former deputy chief minister of Delhi has sought bail contending that he has been in custody for 16 months and the trial against him has not made any progress since October last year. According to the cause list of July 29 uploaded on the Supreme Court website, a bench of Justices B R Gavai and K V Viswanathan is slated to hear Sisodia's pleas. The apex court had on July 16 agreed to hear the pleas and sought responses from the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED). Sisodia has also filed an application seeking revival of his bail petitions in the excise policy-linked corruption and money laundering cases. The AAP leader was arrested by the CBI on February 26, 2023 in connection with alleged irregularities in the formulation and implementation of th

Kavitha played role in transfer of ill-gotten money for AAP's campaign: CBI

BRS MLC K Kavitha had not only collected upfront payment in the Delhi excise policy scam but also played a role in the transfer of the "ill-gotten money" to Goa in 2021-22 to be used in the election campaign of the Aam Aadmi Party, the CBI has alleged in its supplementary charge sheet. Special judge for Central Bureau of Investigation (CBI) cases Kaveri Baweja took note of the charge sheet on Monday observing that there was sufficient evidence to proceed against her in the case. The judge also directed the CBI to supply copies of the supplementary charge sheet to Kavitha, who was produced before the court through video conference. Kavitha, the daughter of former Telangana chief minister K Chandrasekhar Rao, has been accused of conspiring with other members of a liquor cartel called "South Group" and Aam Aadmi Party (AAP) leaders as part of which kickbacks of Rs 100 crore were paid to the Delhi's ruling party in return for liquor licences. A significant portion of that money was ...

ED attaches immovable properties valued at Rs 300 cr in Gurugram village

The raids, carried out on July 16, also led to the seizure of digital devices and incriminating documents

ED takes ex- K'taka min B Nagendra into custody in money laundering probe

The Enforcement Directorate on Friday took former Minister B Nagendra into custody, as part of a money-laundering probe linked to the alleged irregularities in the Karnataka Maharshi Valmiki Scheduled Tribes Development Corporation Limited, official sources said. The Congress MLA was taken to the ED office here from his residence for questioning, the sources said. Following allegations against him in connection with the scam, Nagendra, who was Scheduled Tribes Welfare Minister, tendered his resignation on June 6. "I'm being brought from my home...I don't know anything," Nagendra told reporters as he was being taken to the ED office. The ED has carried out searches for the last two days at several places, including at the premises of former Karnataka Minister Nagendra and ruling Congress MLA Basanagouda Daddal, who is Chairman of the Corporation. The agency covered around 20 locations in Karnataka, Andhra Pradesh, Telangana and Maharashtra as part of a case registered under the ...