Page 2 - Pmla Case

SC stays PMLA trial as chargesheet in predicate case pending for 7 yrs

The Supreme Court stayed a money laundering trial against four women as no chargesheet has been filed in the predicate offence registered by CBI on Indian Bank's complaint for over seven years

Delhi court denies bail to businessman in ₹48,000 crore PMLA fraud case

Hayer, the son-in-law of the late Nirmal Singh Bhangu, is one of the accused in the case linked to PACL. He is on bail granted by the Delhi High Court in a related case filed by the CBI

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 questions Robert Vadra for 5 hours in Sanjay Bhandari-linked PMLA case

Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, was on Monday questioned for about five hours by the Enforcement Directorate (ED) in a money laundering case linked to UK-based arms consultant Sanjay Bhandari and some others, official sources said. The 56-year-old Vadra arrived at the federal probe agency's office located in central Delhi after 11 am. He was accompanied by Priyanka Gandhi, MP from Kerala's Wayanad Lok Sabha seat. The session ended shortly after 5 pm, during which Vadra once went out during lunch hour. The businessman's statement was recorded under the Prevention of Money Laundering Act (PMLA), the sources said. They said he may be called again for questioning as he allegedly "failed" to answer certain questions regarding his financial links with Bhandari and his family members. He was called by the agency twice last month for questioning in this case, but he sought deferment of his summons as he reported being unwell during the first summ

ED probes 29 actors, influencers under PMLA for promoting betting apps

Actors Vijay Deverakonda, Rana Daggubati, Prakash Raj reportedly endorsed or appeared in promotional material for apps such as Junglee Rummy, JeetWin, and Lotus365, which violates betting regulations

Delhi HC says early bail hampers PMLA probe, denies relief to businessman

The Delhi High Court has denied anticipatory bail to a Hong Kong-based Indian businessman in a PMLA case and said giving the reprieve prematurely impedes investigation and undermines the objective of anti-money laundering law. Justice Ravinder Dudeja denied the relief to Amrit Pal Singh in a Prevention of Money Laundering Act (PMLA) case. Singh was the director of Broway Group Ltd, which was the alleged beneficiary of "fraudulent" foreign outward remittances amounting to USD 2,880,210 (approximately Rs 20.75 crore), originating from Indian shell entities. These transactions were made under the guise of import goods, without any actual corresponding business activity, the ED alleged. "Custodial interrogation may be warranted to ascertain the applicant's role in facilitating or benefiting from the alleged money laundering operation. Premature grant of bail would impede investigation and compromise the statutory objectives of the PMLA," the order read. The court on July 1 further no

ED questions ex-Delhi minister Satyendar Jain in DJB-linked PMLA case

Former Delhi minister and AAP leader Satyendar Jain appeared before the Enforcement Directorate on Thursday for questioning in a money laundering case linked to alleged corruption in the augmentation of some sewage treatment plants by the Delhi Jal Board (DJB), official sources said. Jain, 60, reached the federal probe agency's office here around 11:15 am and his statement is being recorded under the Prevention of Money Laundering Act (PMLA), they said. The investigation pertains to allegations of corruption in the augmentation of some sewage treatment plants by DJB. The ED had conducted searches in this case in July last year. The money laundering probe stems from an FIR of the Delhi government anti-corruption branch (ACB) against a company named Euroteck Environmental Pvt Ltd. and others alleging a scam in the DJB in the name of augmentation and upgradation of 10 Sewage Treatment Plants (STPs) at Pappankala, Nilothi, Najafgarh, Keshopur, Coronation Pillar, Narela, Rohini and ...

Can't seal locked premises during PMLA searches: ED tells Madras HC

The Enforcement Directorate has submitted before the Madras High Court that it has no power to seal the premises, if the same was locked at the time of making search under the provisions of PMLA. Additional Solicitor General S V Raju made the submission when the petitions filed by film producer Akash Bhaskaran and businessman Vikram Ravindran came up for hearing before a division bench comprising Justices M S Ramesh and V Lakshminarayanan on Wednesday. In their petitions, Akash and Vikram challenged the action of ED in conducting the search at their residence and office and sealing the same. When the case came up, the bench questioned the power of ED to seal the premises. Raju submitted that the central prove agency has no power to seal the premises. However, it has powers under section 17 of Prevention of Money Laundering Act (PMLA) to break open the lock. But, the ED did not want to escalate the situation, he added. He also informed the bench that the ED was instructed to withd

ED issues fresh summons to Robert Vadra in Sanjay Bhandri linked PMLA case

The Enforcement Directorate has issued a fresh summons to Robert Vadra, the businessman husband of Congress MP Priyanka Gandhi Vadra, for questioning in a money laundering case linked to UK-based arms consultant Sanjay Bhandari, official sources said on Monday. He has been asked to depose before the federal probe agency here on June 17 for the recording of his statement in this case that is being investigated under the Prevention of Money Laundering Act (PMLA), the sources said. Vadra, 56, was called for questioning in the case on June 10 but he skipped, saying he had flu-like symptoms on June 9 and had undertaken a COVID test as per protocol. His lawyer had then said that Vadra had no intention of avoiding summons and was ready to appear before the ED anytime before or after his travel abroad later this month. The agency is understood to have summoned Vadra to record his statement under the PMLA and subsequently file a chargesheet in the case. The federal probe agency had questio

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

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

PMLA picked momentum after 2014; conviction rate over 93%: ED director

ED director Rahul Navin on Thursday said that the anti-money laundering law was left "largely ineffective" before 2014, and the slowdown in adjudication of these cases can be attributed to the "general delay" in the judicial system of the country coupled with the inherent complexity of such investigations. Navin also said that the Enforcement Directorate (ED) had a "commendable conviction" rate of 93.6 per cent as out of the 47 cases decided by courts till now, there have been only three acquittals. Speaking at an event held here to mark the 'ED Day', the agency chief said he "acknowledges candidly" that several investigations initiated under the Prevention of Money Laundering Act (PMLA) were pending for a "very long time", and one their focus areas this year would be to undertake efforts to complete probe and file "final" chargesheets fast. The PMLA was enacted in 2003 and came into force on July 1, 2005, but, Navin said, it was "largely ineffective" in the initial years with less

Over 1,700 PMLA cases in trial stage; conviction rate at 93.6%: ED director

Over 1700 money laundering cases probed by the Enforcement Directorate (ED) are currently in the trial stage and the delay in courts can be attributed to the general delay in the justice system in the country, ED Director Rahul Navin said on Thursday. The top officer of the ED, however, said the conviction rate of the ED cases was 93.6 per cent as out of 47 cases decided by courts till now, there have been only three acquittals. A total of 1,739 cases of PMLA are under trial at present and the delay in prosecution in the money laundering cases can be attributed to general delay in the justice system in the country, he said while addressing the ED Day event held here. Navin said he "candidly" acknowledges pending investigation in PMLA cases, saying it will be the agency's efforts to file chargesheets in such cases before courts. He said the ED will use advanced technology and forensics in its investigations. The federal probe agency has completed 69 years of its existence as it was

ED attaches properties worth Rs 110 crore in Lakhani Group bank fraud case

ED investigation revealed that M/s Lakhani India Limited and group companies had jointly defrauded Indian Overseas Bank, Punjab National Bank and Allahabad Bank by misappropriation

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

ED files plaint against 24 in Rs 2,467 crore credit society fraud case

During the PMLA investigation, ED found that Suresh Kute and others lured more than four lakh investors to deposit money with DMCSL by promising higher returns

AgustaWestland PMLA case: HC questions ED's dissent to Michel's bail plea

The bench of Justice Swarna Kanta Sharma questioned the Enforcement Directorate after James' lawyer, Aljo K Joseph, mentioned the Supreme Court's bail ruling

ED seizes 'biggest' crypto fund worth Rs 1,646 crore in PMLA case

The Enforcement Directorate (ED) has seized its biggest-ever cryptocurrency worth Rs 1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where numerous depositors were duped in the name of securities investment, official sources said. The Ahmedabad office of the federal probe agency has also seized Rs 13.50 lakh in cash, an SUV and a number of digital devices after it concluded a fresh round of searches on Saturday in the case related to "fraudulent" and unregistered offering and sale of securities in the form of investments through 'BitConnect lending program'. The ED case, filed under the Prevention of Money Laundering Act (PMLA), stems from an FIR of the Surat Police crime branch which said the alleged fraud that took place between November 2016 - January 2018 (after demonetisation). The agency deployed a team of its tech-savvy experts who examined the "complex web" of transactions carried out in "numerous" crypto wallets to unmask the ..

ED attaches assets worth over Rs 200 crore in Sri Lanka under PMLA probe

The Enforcement Directorate Thursday said it has attached an under-construction luxury hotel in Colombo's prime area and some other assets worth more than Rs 200 crore as part of a money laundering probe linked to a Gurugram-based realty company which is alleged to have duped homebuyers. The company named Krrish Realtech Private Limited is promoted by businessman Amit Katyal, who is believed to be a close associate of the family of RJD chief Lalu Prasad. Katyal was arrested by the central agency in 2023 in a separate money laundering case related to the railways alleged land-for-jobs scam involving Prasad and his family. The ED said in a statement that it has issued an order to provisionally attach an under-construction luxury hotel and leasehold rights over 4 acres of land in the "Colombo 1" area of Sri Lanka apart from land rights for about 2.82 acres of Vicinity Hotels Pvt. Ltd., in the name of Good Earth Business Park Pvt. Ltd. located at Sector-66 in Gurugram. The money ...

ED attaches assets worth Rs 135.06 cr in Adarsh credit cooperative case

In the case, ED had earlier attached properties amounting to Rs 2,075 crore have already been attached