Page 4 - Pmla Case

Kejriwal gets interim bail from SC, but to remain in jail in CBI case

Top court says 'power to arrest under PMLA can't be exercised as per whims of ED'

ED questions TV actors in 'unauthorised' fraud forex trading app case

The Enforcement Directorate on Wednesday recorded the statement of two television actors here as part of a money laundering investigation linked to the operations of an "illegal" online forex trading platform that is alleged to have duped investors to the tune of Rs 500 crore, official sources said. The sources said actors Krystel Dsouza and Karan Wahi were called for questioning in order to elicit information about some payments being made for promotions of the app named OctaFx which also had a website -- www.octafx.com. The statements of the two have been recorded as the ED is investigating this case under the provisions of the Prevention of Money Laundering Act (PMLA), they said. Another TV actor and model Nia Sharma has also been summoned, the sources said. It is understood that the agency wants to understand the operations of the platform and these actors may not be seen as wrongdoers or accused. The money laundering case of the ED stems from a Pune Police (Shivaji Nagar poli

ED attaches fresh assets in PMLA case against UP-based bike taxi aggregator

The Enforcement Directorate on Thursday said it has attached fresh assets worth more than Rs 5 crore as part of a money laundering investigation against an Uttar Pradesh-based bike taxi aggregator and its promoters. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued against the company, Hello Ride Limited, its directors, presidents, agents and others, the ED said in a statement. The attached properties, which include agricultural land and plots, are located in Prayagraj, Kanpur and Lucknow in Uttar Pradesh. The total value of these properties is Rs 5.35 crore, it said. The ED had earlier frozen properties worth Rs 2.38 crore in this case and the total attachment now stands at Rs 7.73 crore. The money laundering case stems from about three dozen FIRs filed by the Uttar Pradesh Police against the company and its promoters Abhay Kumar Kushwaha, Neelam Verma, Nikhil Kushwah, Rajesh Pandey, Shaqeel Ahmad, Ragini Gupta and others. Abhay Kushwaha alon

ED can't arrest after special court takes cognisance of PMLA complaint: SC

Case before the Supreme Court arose from a Punjab and Haryana High Court decision that denied pre-arrest bail to multiple accused in a money laundering case

ED can't arrest accused after special court takes cognisance: SC

The Supreme Court Thursday held that the Enforcement Directorate (ED) cannot arrest an accused under Section 19 of the Prevention of Money Laundering Act (PMLA) after a special court has taken cognisance of the complaint of money laundering. A bench of Justices Abhay S Oka and Ujjal Bhuyan said when an accused appears before a court in pursuance of a summons, the agency will have to apply to the court concerned to get his custody. "If the accused appears before the special court by summons (issued by court), it cannot be treated that he is in custody," it said. "Accused who appeared before the court pursuant to the summons not required to apply for bail, and thus twin conditions of Section 45 of PMLA not applicable," the bench said in its judgment. The twin conditions state that when an accused in a money laundering case applies for bail, the court has to first allow the public prosecutor to be heard and only when it is satisfied that the accused is not guilty and unlikely to commi

'Keeping him in jail like conviction before trial'... Rana Kapoor gets bail

Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED). He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at Yes Bank

ED uses fridge, smart TV invoices as evidence in PMLA case against Soren

Invoices of a refrigerator and smart TV are among the evidence the Enforcement Directorate used to support its claim that Jharkhand's ex-chief minister Hemant Soren acquired 8.86 acres of land worth more than Rs 31 crore illegally. The federal probe agency obtained these receipts from two Ranchi-based dealers and attached those to its charge sheet filed against the 48-year-old Jharkhand Mukti Morcha (JMM) leader and four others last month. The special PMLA court of Judge Rajiv Ranjan in Ranchi took cognisance of the prosecution complaint on April 4. Soren was arrested by the ED on January 31 in a money laundering case related to the alleged land grab, shortly after he resigned as chief minister. He is currently in judicial custody in Birsa Munda jail at Hotwar in Ranchi. According to the ED, the two gadgets were purchased in the name of the family members of one Santosh Munda who told the agency that he has been "residing as a caretaker of the property of Hemant Soren on the said l

ED issues fresh summons to Delhi CM Kejriwal, asked to appear on March 21

The Enforcement Directorate has issued fresh summons to Delhi Chief Minister Arvind Kejriwal for questioning on March 21 in the excise policy linked money laundering case, official sources said Sunday. The 55-year-old national convenor of the Aam Aadmi Party (AAP) has been asked to depose at the central agency's office in central Delhi. The ninth summons have been issued so that Kejriwal's statement can be recorded under the Prevention of Money Laundering Act (PMLA), the sources said. The CM has repeatedly refused to appear in response to these summons, calling them illegal. A Delhi court on Saturday had granted bail to Kejriwal on two complaints filed by the agency against him for skipping six of the previous eight summons in this case. The agency arrested BRS leader K Kavitha in this case two days back.

ED attaches assets worth Rs 367 crore in Bhushan Steel 'bank fraud' case

The Enforcement Directorate (ED) on Friday said it has attached immovable assets worth Rs 367 crore in Delhi, Mumbai, Kolkata and some cities in Odisha as part of a money-laundering probe linked to an alleged bank-loan fraud against Bhushan Steel Limited (BSL). A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach the assets that were held "in the name of benamidars/shell entities through dummy directors so as to conceal them and to ensure that they are out of the reach of law enforcement agencies", the ED has said in a statement. After completing the corporate insolvency resolution process (CIRP), BSL was taken over by Tata Steel Limited in 2018. The ED has accused BSL, its managing director Neeraj Singal and associates of forming "several shell companies". "They rotated funds from one company to another through a chain of multiple entities. The funds were circulated to infuse capital, buy property and for other personal purposes not ...

Paytm PB failed to use mechanism for detecting suspicious transactions: FIU

Paytm Payments Bank failed to put in place an internal mechanism to "detect and report" suspicious transactions as stipulated under the anti-money laundering law and was unsuccessful in conducting due diligence of its payout service, the FIU said in its order that imposed a fine of Rs 5.49 crore on the digital entity. The federal financial intelligence gathering and dissemination agency said in its March 1 order that these charges against the bank, a registered reporting entity with the FIU under the PMLA, were "substantiated" after more than four years of investigation and a show cause notice that was issued against it on February 14, 2022. After the Union finance ministry issued a press statement on the FIU action, a Paytm Payments Bank spokesperson had said that the penalty pertains to issues within a business segment that was discontinued two years ago. "Following that period, we have enhanced our monitoring systems and reporting mechanisms to the Financial Intelligence Unit ...

FIU imposes Rs 5.49 cr penalty on Paytm Payments Bank for PMLA violations

After scrutiny of documents, FIU had issued a compliance Show Cause Notice to the bank for its violations of PML rules, including Know Your Customer

PMLA court remands ex-CM Soren to judicial custody in money laundering case

A special PMLA court on Thursday remanded former Jharkhand chief minister Hemant Soren to judicial custody in connection with a money laundering case linked to an alleged land scam. The ruling Jharkhand Mukti Morcha executive president was in the ED custody. "Hemant Soren was produced before the special PMLA court today and he was remanded to judicial custody till February 22. We will file a bail application for him," said Advocate General Rajeev Ranjan, who appeared for the former chief minister. Soren was taken to Birsa Munda Central Jail at Hotwar in Ranchi from the court. He was arrested on January 31 by the ED. On February 2, the court granted five days of ED custody to Soren and extended it twice for seven days in total.

PMLA court extends ED custody of former CM Hemant Soren by 5 days

A special PMLA court on Wednesday extended the Enforcement Directorate (ED) remand of former chief minister Hemant Soren by five days in a money laundering case linked to an alleged land scam, lawyers said. Soren, JMM executive president, on February 2 was remanded to five days' ED custody by the special PMLA (The Prevention of Money Laundering Act) court which ended on Wednesday. "The ED had prayed for seven days of remand which we objected saying no further remand is required because he has already been interrogated for eight hours on January 20 and another eight hours on January 31," Advocate General Rajeev Ranjan, who appeared for Soren, told reporters. Apart from that, he has already been interrogated for 120 hours in five days. "So, there is no need for any further remand. But they have tried to expand this scope of investigation beyond the predicate offence matter. We have been saying that they (ED) have no power and jurisdiction to investigate anything beyond the predicate

ED raids Jharkhand CM Soren's associates in alleged money laundering case

The agency, since 2022, has been probing a trail of Rs 100 crore of "proceeds of crime" generated from illegal mining operations in the state

Vivo PMLA case: ED moves Delhi HC against release of three employees

The trial court last week allowed the plea moved by Hong Xuquan, Harinder Dahiya and Hemant Munjal to challenge their arrest and subsequent custody in a PMLA case and directed their immediate release

Delhi court grants bail to 3 vivo-India executives, ED to challenge order

The ED had raided vivo-India and its linked persons in July last year and claimed to have busted a major money laundering racket involving Chinese nationals and multiple Indian companies

Congress leader Priyanka Gandhi named in ED's PMLA case charge sheet

ED has named Robert Vadra in its earlier charge sheet related to the case as an alleged close aide of Thampi

Mahadev app owner detained in Dubai; ED may file fresh charge sheet

Sourabh Chandrakar, one of the promoters of the Mahadev online betting app, has been put under "house detention" in Dubai while Indian probe agencies, including ED, have been "alerted" and are working through diplomatic channels to get him deported, official sources said on Wednesday. The Enforcement Directorate may also file a fresh charge sheet in this multi-crore money laundering case soon, they said. The development comes weeks after Ravi Uppal, another promoter of the betting and gaming app, was detained by local authorities in Dubai on a red notice (RN) issued by Interpol at the behest of the ED. The sources said Chandrakar's location in Dubai has been intimated to the federal agency and he has been put under "house detention". Indian agencies are working, through diplomatic channels, to secure the deportation or extradition of the two who are vital to the money laundering and police investigation into the alleged illegal activities of the 'Mahadev Book Online' app that also

ED files PC against Premia Projects, Solitaire Infomedia under PMLA act

During the ED investigation, movable or immovable property worth Rs. 24.17 crore was provisionally attached

Yes Bank co-founder Rana Kapoor gets bail in ED case related to loan fraud

A special court here on Thursday granted bail to Yes Bank cofounder Rana Kapoor in a money-laundering case linked to alleged financial irregularities at the bank. He, however, would not walk out of jail at present as he has not been granted bail in a related case registered by the Central Bureau of Investigation. Kapoor, 65, former MD and CEO of the private bank, was arrested by the Enforcement Directorate (ED) under the Prevention of Money Laundering Act (PMLA) in March 2020. Special judge for PMLA court M G Deshpande granted Kapoor bail on Thursday. The trial in the case cannot begin and conclude in view of the expectations and guidelines laid down by the Supreme Court (in a different case), therefore he was entitled to relief under section 436-A of the Code of Criminal Procedure and deserves to be released on bail, the judge said. As per the section 436A, an under-trial prisoner has the right to seek bail on serving more than half of the maximum possible sentence prescribed for