Page 6 - Pmla Case

Enforcement Directorate arrests Lava MD, 3 others under PMLA in Vivo probe

Says their acts detrimental to India's economic sovereignty

ED attaches FDs of Sree Venkateshwara Industries under PMLA violations

The Enforcement Directorate on Thursday said it has attached fixed deposits worth Rs 90 lakh of a Hyderabad-based company in a money laundering case against it linked to alleged dumping of hazardous waste in violation of anti-pollution laws. The action has been taken against the company, Sree Venkateshwara Industries, under various sections of the Prevention of Money Laundering Act (PMLA), it said in a statement. The money laundering case of the ED stems from a complaint filed by the Telangana State Pollution Control Board (TSPCB) before the court of Metropolitan Magistrate, Cyberabad at Medchal. It was alleged by the board that the company was disposing "hazardous waste material without proper treatment in violation of the prescribed rules and regulations stipulated by the TSPCB under various sections of the Water (Prevention and Control of Pollution) Act, 1974 and the Air (Prevention and Control of Pollution) Act." Sree Venkateshwara Industries and its partners "did not" comply

Soren unlikely to appear before ED for questioning in money laundering case

Jharkhand Chief Minister Hemant Soren is unlikely to appear before the Enforcement Directorate (ED) here on Monday in connection with a money laundering case, a source said. The ED had on August 8 summoned Soren to depose on August 14 at the federal agency's office here and record his statement under the Prevention of Money Laundering Act. "The chief minister is unlikely to appear before the ED today in view of his busy schedule. He may request for another date from the agency," the source said. Soren was to be questioned in an alleged defence land scam case. The 48-year-old Jharkhand Mukti Morcha leader was interrogated for over nine hours by the ED on November 18 last year in another money laundering case linked to alleged illegal mining in the state. The central probe agency is investigating more than a dozen land deals, including one related to defence land, wherein a group of land mafia, middlemen and bureaucrats allegedly connived to forge deeds and documents of as long back

ED raids Hero MotoCorp Chairman Munjal's residence; PMLA case registered

The DRI had recently apprehended a close aide of Pawan Munjal in possession of undeclared foreign currency

PMLA case: SC seeks ED's reply on plea by Senthil Balaji against HC order

The Supreme Court on Friday sought response from the Enforcement Directorate (ED) on the pleas of Tamil Nadu Minister V Senthil Balaji and his wife Megala challenging the July 14 order of the Madras High Court upholding his arrest by the probe agency in a money laundering case. A bench of Justices A S Bopanna and M M Sundresh issued notice to the ED on the pleas and posted the matter for hearing on July 26. The minister and his wife have filed two separate petitions in the top court challenging the high court order. Besides upholding the arrest of the minister, the high court had also held as valid his subsequent remand in judicial custody by a sessions court in the money laundering case arising out of the alleged cash-for-jobs scam in the state's transport department when he was the transport minister. He continues to be a minister without portfolio in the Tamil Nadu cabinet. Justice C V Karthikeyan, who was named as a third judge by the high court to hear the habeas corpus petit

ED arrests TN Minister Senthil Balaji under anti-money laundering act

The Enforcement Directorate (ED) on Wednesday arrested Tamil Nadu Electricity Minister V Senthil Balaji under the Prevention of Money Laundering Act (PMLA), official sources said. He was arrested after a long session of questioning, they said, even as the minister was admitted to a city government hospital after he complained of uneasiness. He is likely to produced before a special court later where the agency will seek his custody. The agency had launched multi-city searches in the state on Tuesday at the premises linked to the DMK's Karur strongman as part of the probe into money laundering. The action came months after the Supreme Court allowed a police and ED probe into an alleged cash for jobs scam against him. Earlier, he was hospitalised after he complained of uneasiness, DMK leaders said. State Minister P K Sekar Babu claimed there were 'symptoms' that Balaji has been 'tortured.' TV visuals showed Balaji being uneasy while being brought to the Government Medical College,

ED arrests M3M director Roop Kumar Bansal in connection with PMLA case

The Enforcement Directorate (ED) has arrested M3M Promoter Roop Kumar Bansal in connection with a Prevention of Money Laundering case, said sources on Friday

ED chargesheets former Punjab SSP Surjit Singh Grewal in PMLA case

The ED said that the PMLA court in Punjab has taken cognizance of the complaint and have issued summons to the accused for July 28

Supreme Court makes a key clarification on grounds for bail under PMLA

The top court made these observations while considering an appeal by the Enforcement Directorate against the Telangana High Court orders

ED attaches immovable properties worth Rs 20.16 crore in PMLA case

The ED said that the accused acquired proceeds of crime and layered the same in the form of various immovable properties

ED attaches assets worth Rs 47.1 cr under PMLA in Cosmos bank loan fraud

The ED said that they also conducted a fund trail investigation and found that Vinay Aranha diverted the loans and got crores of rupees in cash

ED's power confined to probe money laundering offence, says Delhi HC

The Delhi High Court has held that the Enforcement Directorate (ED) has the power to investigate and inquire into an offence of money laundering under the Prevention of Money Laundering Act (PMLA) only and it cannot assume that a predicate offence has been committed. The high court said the predicate offence has to be necessarily investigated and tried by the authorities empowered by law in that regard and the ED cannot possibly arrogate unto itself the power to investigate into the alleged commission of those offences. What needs to be emphasised is that the PMLA empowers the ED to investigate Section 3 offences only. Its power to investigate and enquire stands confined to the offence of money laundering as defined in that section. However, the same cannot be read as enabling it to assume from the material, that it may gather in the course of that investigation, that a predicate offence stands committed. "The predicate offence has to be necessarily investigated and tried by the ...

Court convicts former chemical & fertilisers ministry official in PMLA case

A special court in Bengaluru has convicted a former official of the ministry of chemical and fertilisers and his wife on money laundering charges for siphoning more than Rs 1.25 crore from the funds of the Central Institute of Petrochemicals Engineering and Technology, the ED said on Friday. The designated PMLA court "convicted H N Arvind and Binu H Arvind for offences committed under the Prevention of Money Laundering Act and sentenced H N Arvind to rigorous imprisonment for a period of four years along with imposition of fine of Rs 1 lakh." "The court also sentenced Binu H Arvind to rigorous imprisonment for a period of three years along with imposition of fine of Rs 50,000," the Enforcement Directorate said in a statement. The money laundering case stems from an earlier CBI FIR that charged H N Arvind for siphoning off a sum of Rs 1,25,71,209 when he was working as a technician (grade-I) in the central institute of plastic engineering and technology in Mysuru (Karnataka). The ..

HC seeks ED reply on co-accused bail pleas in Satyender Jain PMLA case

The Delhi High Court on Monday sought response of the Enforcement Directorate (ED) on the bail pleas of two accused in a money laundering case in which Delhi minister Satyendar Jain is also facing prosecution. Justice Dinesh Kumar Sharma issued notice to the ED and asked it to file its reply on the bail applications of Vaibhav Jain and Ankush Jain. The high court listed the two bail pleas on December 20, along with Satyendar Jain's bail application. The two accused have challenged a trial court's November 17 order by which their bail pleas were dismissed on grounds that they "knowingly" assisted Jain in concealing the proceeds of crime and were "prima facie guilty" of money laundering. The trial court had also dismissed the bail plea of Satyendar Jain, saying he was prima facie involved in concealing the proceeds of crime. It had said "prima facie" Jain was "actually involved in concealing the proceeds of crime by giving cash to Kolkata-based entry operators and thereafter, bringi

Lucknow court frames charges against journalist Siddique Kappan, 6 others

A court here has framed charges against jailed Kerala-based journalist Siddique Kappan and six other people in a Prevention of Money Laundering Act (PMLA) case. Special Judge of Enforcement Directorate (ED) matters Sanjay Shankar Pandey asked the federal agency to produce its witnesses before the court on December 17. Besides Kappen, the other accused in the case are KA Rauf Sherif, Atikur Rahman, Masud Ahmad, Mohammad Alam, Abdul Razzak and Ashraf Khadir. The ED had booked Kappan in the PMLA case for allegedly obtaining money from a foreign country illegally and utilising it in acts against the interest of the nation. Kappan was arrested along with three others on October 6, 2020 while they were on their way to Hathras in Uttar Pradesh to report on the alleged gang rape and killing of a 19-year-old woman. He has been in jail since then. Police had initially booked the journalist for offences under the Unlawful Activities (Prevention) Act (UAPA). Subsequently, the ED also lodged a

Delhi HC allows Mehbooba Mufti to withdraw plea challenging PMLA provision

The Delhi High Court on Wednesday permitted PDP leader Mehbooba Mufti to withdraw her petition challenging the constitutional validity of a provision of the Prevention of Money Laundering Act (PMLA). The lawyer appearing for the former Jammu and Kashmir chief minister told a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad about her decision to withdraw the petition which was filed in March 2021. The petition also challenged the summons issued to her by the Enforcement Directorate in a money laundering case and sought a stay which the court had earlier declined. The court was informed the issues raised by the petitioner have already been addressed by the Supreme Court in a decision. Mufti had in her plea sought declaring section 50 of the Prevention of Money Laundering Act void and inoperative, being unfairly discriminatory, bereft of safeguards, and violative of Article 20(3) of the Constitution. Section 50 of the Act empowers the ED authority to summon

ED attaches 40% shares of hotel projects in Gardens Galleria in PMLA case

The Enforcement Directorate (ED) has attached 40 per cent share of the Hotel Project (1,40,000 Sq. Ft. FSI Space) within the Commercial Centre, Gardens Galleria, Noida.

ED conducts searches at 16 locations in Bengaluru in money laundering case

The Enforcement Directorate (ED) on Thursday said that it has recently conducted search operations at 16 locations in Bengaluru in connection with a money laundering case

Delhi court defers order on Jacqueline Fernandez's bail plea in PMLA case

The court has also extended the interim bail granted to Jacqueline till Tuesday

Delhi excise policy case: Two top execs of private firms held by ED

The ED has arrested two company executives linked to liquor trade in the money laundering investigation being conducted by it into the now scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act (PMLA), they said. The Enforcement Directorate (ED) has conducted multiple raids in this case so far. In September, it arrested Sameer Mahandru, managing director of a liquor manufacturing company Indospirit. The agency early this month raided the premises of a PA of Delhi Deputy chief minister Manish Sisodia and later questioned him at its office in Delhi. The money laundering case stems from a CBI FIR that had named Sisodia as an accused among others. The CBI had raided the premises of the deputy chief minister and some Delhi government bureaucrats after filing the case. The excise scheme came under the scanner after the Delhi LG recomm