Agencies investigate money laundering routes
11 years, 10 months ago

Agencies investigate money laundering routes

Daily Mail  

Agencies investigate money laundering routes Top agencies such as the Enforcement Directorate, are now probing deep into the underground financial transaction thoroughfares, including the hawala routes through which money is illegally laundered to fund, among other criminal activities, international betting rackets such as the one that Delhi Police recently unearthed. According to sources, the ED is seriously looking into the cases of money laundering, by tallying up the new names of money launderers that have cropped up in the IPL betting racket against a detailed dossier that the agency maintains on dubious dealers who are suspected to be dealing in hawala money. Girls in Patna protest the alleged spot-fixing The ED checks hawala dealings under the provisions of the Foreign Exchange Management Act and initial probe inputs in the IPL spotfixing case point out that this illegal channel of money routing could have been used to make payments and push illegal cash between bookies and players. Sources say that the Directorate of Revenue Intelligence may independently also launch a probe to trace revenue leakage via hawala transactions by the suspects in the case.

Money Laundering Money Ipl  laundering  investigate  foreign  agencies  illegal  dubious  routes  money  ed  probe  ipl  hawala  revenue

History of this topic

Gold smuggling case: DRI alleges Ranya Rao arranged money through hawala
Trending News
4 days, 14 hours ago

Gold smuggling case: DRI alleges Ranya Rao arranged money through hawala

Hindustan Times  

The Directorate of Revenue Intelligence on Tuesday claimed that Sandalwood actor Ranya Rao, who was caught smuggling gold at Kempegowda International Airport, had allegedly sourced money through hawala channels to purchase the contraband, Times of India reported. During a court hearing opposing her bail plea, public prosecutor Madhu Rao argued that the investigation was still in progress, and granting her …

Gold smuggling case: DRI alleges Ranya Rao arranged money through hawala
4 days, 14 hours ago

Gold smuggling case: DRI alleges Ranya Rao arranged money through hawala

Hindustan Times  

The Directorate of Revenue Intelligence on Tuesday claimed that Sandalwood actor Ranya Rao, who was caught smuggling gold at Kempegowda International Airport, had allegedly sourced money through hawala channels to purchase the contraband, Times of India reported. {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} Ranya, daughter of a senior IPS officer, was apprehended on March …

ED conducts searches across four States in SDPI case
Trending News
1 week, 3 days ago

ED conducts searches across four States in SDPI case

The Hindu  

The Enforcement Directorate on Thursday conducted searches across four States in connection with the money-laundering charge allegedly involving the Social Democratic Party of India. Earlier this month, the agency searched 12 locations across 10 States in the case against the banned outfit, the Popular Front of India, days after the arrest of SDPI national president M.K. The ED has alleged …

ED attaches assets worth ₹1.90 lakh in Hyderabad human trafficking rackets operated by Bangladeshi nationals
2 weeks, 2 days ago

ED attaches assets worth ₹1.90 lakh in Hyderabad human trafficking rackets operated by Bangladeshi nationals

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office, has provisionally attached assets worth ₹1.90 lakh in connection with two cases of immoral trafficking rackets operated by Bangladeshi nationals in and around Hyderabad. The Telangana Police had conducted raids at two brothels on the outskirts of Hyderabad, uncovering an organised prostitution and human trafficking syndicate operated by Bangladeshi nationals. The victims, Bangladeshi …

Following DRI inputs, CBI registers case to probe gold smuggling racket with international links
3 weeks, 1 day ago

Following DRI inputs, CBI registers case to probe gold smuggling racket with international links

The Hindu  

The Central Bureau of Investigation has registered a case involving a gold smuggling racket with international links. In September 2021, the CBI registered a corruption case against 11 people, including two former Customs officials, in connection with the alleged smuggling of 17.73-kg gold at Delhi’s international airport in 2018. Another case known as the ‘Karipur gold smuggling’ case was instituted …

5 key revelations by police after arresting actor Ranya Rao for alleged gold smuggling
3 weeks, 3 days ago

5 key revelations by police after arresting actor Ranya Rao for alleged gold smuggling

Hindustan Times  

Kannada actress Ranya Rao, the stepdaughter of Karnataka State Police Housing Corporation’s Director General of Police Ramachandra Rao, was arrested at Kempegowda International Airport on Monday night, March 3, upon her arrival from Dubai on an Emirates flight. {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} {{^userSubscribed}} {{^usCountry}} {{/usCountry}} {{#usCountry}} {{/usCountry}} {{/userSubscribed}} Acting on a tip-off regarding her suspected involvement in gold …

ED raids multiple places linked to Tamil Nadu Minister in money laundering case
Trending News
3 weeks, 4 days ago

ED raids multiple places linked to Tamil Nadu Minister in money laundering case

India Today  

The Enforcement Directorate conducted searches at over ten locations in Tamil Nadu on Friday, targeting premises linked to DMK leader and Tamil Nadu Minister Senthil Balaji and others in connection with a money laundering case. Merely three days later, on September 29, he was reinstated as Tamil Nadu’s Minister for Electricity, Prohibition, and Excise, the same portfolio he had held …

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records
4 weeks ago

ED raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records

India Today  

The Enforcement Directorate conducted raids on four premises linked to a Mumbai-based firm and its promoters in connection with a Rs 4,500 crore investment fraud case, in which approximately five lakh investors were duped, officials said on Monday. During the searches, various documents containing details of overseas assets currently being operated by family members of the main accused, the late …

DRI busts seven more modules involved in printing fake Indian currency notes in four States
1 month, 1 week ago

DRI busts seven more modules involved in printing fake Indian currency notes in four States

The Hindu  

The Directorate of Revenue Intelligence has busted seven more modules involved in the printing of fake Indian currency notes in Maharashtra, Haryana, Bihar, and Andhra Pradesh. Earlier on February 8, the DRI had arrested two persons found to be the actual importers of high-quality paper with embedded security thread having inscriptions of “RBI” and “Bharat” in Ghazipur and Bengaluru. In …

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion
1 month, 2 weeks ago

ED raids 12 locations in Mumbai in bank fraud case linked to Pushpak Bullion

India Today  

The Enforcement Directorate on Saturday conducted search operations at 12 locations in Mumbai as part of an ongoing probe into an alleged bank fraud case involving Pushpak Bullion Pvt Ltd, its director Chandrakant Patel, Rialto Exim Pvt Ltd among others. Notably, the investigation carried out by the ED against Pushpak Bullion Pvt Ltd in 2022, also uncovered links between the …

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud
1 month, 2 weeks ago

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud

India Today  

The Enforcement Directorate has seized cryptocurrencies worth approximately Rs 1,646 crore in Ahmedabad, Gujarat, as part of its investigation into the massive BitConnect scam. The case revolves around Satish Kumbhani, the founder of the now-defunct crypto investment platform BitConnect, who has been under the scrutiny of the US Department of Justice for orchestrating one of the world's largest cryptocurrency frauds. …

ED arrests 2 linked with app involved in betting during IPL, Lok Sabha polls
1 month, 2 weeks ago

ED arrests 2 linked with app involved in betting during IPL, Lok Sabha polls

India Today  

The Enforcement Directorate has arrested two people in connection with its ongoing money laundering investigation against the Fairplay app, accused of being involved in online betting of 2023 Lok Sabha election results and the illegal broadcast of IPL cricket matches, officials said. The accused, identified as Chirag Shah and Chintan Shah, who took care of technological and software development aspects …

ED crackdown on NSEL: Fresh chargesheet filed against 19 broking firms over money laundering concerns
1 month, 3 weeks ago

ED crackdown on NSEL: Fresh chargesheet filed against 19 broking firms over money laundering concerns

Live Mint  

The Enforcement Directorate has filed a fresh chargesheet in connection to the National Spot Exchange Limited linked money laundering case, the agency said in a statement on Wednesday. On January 28, a complaint was filed before a special Prevention of Money Laundering Act court in Mumbai against 19 broking firms and their directors for allegedly engaging with NSEL officials to …

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps
1 month, 4 weeks ago

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps

New Indian Express  

KOCHI: Enforcement Directorate sleuths have arrested four Tamil Nadu natives over their links to China-based bogus loan apps, after a probe revealed the shell companies operated by them transferred over Rs 170 crore to their Chinese operators via Singapore since 2023. The arrested persons are Daniel Shivakumar, 37, director of Xoduz Solution in Jawahar Nagar, Chennai; Kathiravan Ravi, 42, director …

HC faults ED for ‘mala-fide’ probe, slaps ₹1 lakh fine
2 months, 1 week ago

HC faults ED for ‘mala-fide’ probe, slaps ₹1 lakh fine

Hindustan Times  

MUMBAI: The Bombay high court on Tuesday ruled that the Enforcement Directorate had launched a probe with “mala-fide intentions” into a contractual dispute and imposed a fine of ₹1 lakh each on the agency and the complainant in the case. HC faults ED for ‘mala-fide’ probe, slaps ₹ 1 lakh fine “The present case before me is a classic case …

FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai
2 months, 4 weeks ago

FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai

New Indian Express  

CHENNAI: Distinct clues ranging from Facebook images and LPG gas cylinder deliveries to intelligence reports from Chennai Customs and data from the Tamil Nadu government’s commercial taxes wing were crucial to the Enforcement Directorate busting the International Trade Based Money Laundering scam in Chennai. Detected in 2016, the scam orchestrated the remittance of US dollars worth Rs 120 crore to …

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions
2 months, 4 weeks ago

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions

New Indian Express  

CHENNAI: An investigation by the Enforcement Directorate into a money-laundering scam where at least Rs 120 crore worth US dollars were sent to Hong Kong through multiple shady accounts with two Chennai banks has given the agency six of its 42 all-India Prevention of Money Laundering Act convictions till date. The probe is significant for multiple reasons; firstly, ED got …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
3 months, 3 weeks ago

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore

New Indian Express  

HYDERABAD: The Directorate of Enforcement conducted raids between November 28 and 30 across 13 locations, including Hyderabad, and seized unaccounted cash worth Rs 47 lakh and USDT cryptocurrency worth Rs 1.36 crore. The investigation was initiated on two FIRs registered by CBI, Economic Offences Wing, Delhi, concerning Rs 640 crore in cyber fraud money generated through betting, gambling, part time …

ED raids Raj Kundra, others in 'pornographic' films linked money laundering case
4 months ago

ED raids Raj Kundra, others in 'pornographic' films linked money laundering case

New Indian Express  

MUMBAI: The Enforcement Directorate on Friday raided the premises of businessman Raj Kundra, the husband of actor Shilpa Shetty, and some others as part of a money laundering case linked to the alleged distribution of pornographic and adult movies, official sources said. This money laundering case of May, 2022 stems from at least two Mumbai police FIRs and chargesheets filed …

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd
4 months ago

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd

Deccan Chronicle  

New Delhi: The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act, the sources said. …

ED's money laundering probe leads to raids across Maharashtra and Gujarat
4 months, 2 weeks ago

ED's money laundering probe leads to raids across Maharashtra and Gujarat

Hindustan Times  

Mumbai: The Enforcement Directorate conducted searches at more than 16 locations across Maharashtra and Gujarat on Thursday, investigating suspicious banking transactions worth ₹80-90 crore allegedly conducted by a Malegaon-based trader through misappropriated bank accounts. During the raids, which extended into Thursday night, the agency froze approximately ₹ 1.8 crore held in two scrutinised bank accounts. During the raids, which extended …

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case
4 months, 2 weeks ago

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate on Thursday raided multiple locations in poll-bound Maharashtra and neighbouring Gujarat as part of a money laundering probe against a Malegaon-based trader who allegedly misused bank accounts of various people to carry our transactions worth more than Rs 100 crore. The money laundering case stems from a Malegaon Police FIR filed last week against a local …

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud
4 months, 2 weeks ago

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud

India Today  

The Enforcement Directorate conducted massive raids across 23 locations in poll bound Maharashtra and neighbouring Gujarat on Thursday as part of an investigation into a money laundering case involving a Malegaon-based trader. The trader allegedly used fake documents and fake Know Your Customer details to open numerous bank accounts, which facilitated transactions worth over Rs 100 crore. The money laundering …

Government Must Establish Whitelist to Curb Money Laundering in Online Gaming
5 months ago

Government Must Establish Whitelist to Curb Money Laundering in Online Gaming

The Hindu  

The Digital India Foundation (DIF) has released a report recommending the government establish a whitelist of compliant gaming companies to ensure that payment gateways and ISPs serve only the listed operators. The report also suggests stringent KYC practices, action against misleading advertisements, and a clamp down on illegal operators.

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
6 months, 2 weeks ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed
6 months, 3 weeks ago

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed

Hindustan Times  

MUMBAI: An Enforcement Directorate pan-India probe into multi-crore online scams, in which investors were trapped into investing in stock markets through fake mobile apps, has revealed that the accused employed a maze of 200-plus shell firms to acquire and then divert the proceeds of crime. The agency’s money trail in the case revealed that the fraudsters allegedly incorporated over 200 …

ED raids 9 locations in Delhi, Gurugram in Fairplay App case
7 months ago

ED raids 9 locations in Delhi, Gurugram in Fairplay App case

Hindustan Times  

MUMBAI: The Enforcement Directorate’s Mumbai zonal unit on Tuesday conducted searches at nine fintech firms in Delhi, Gurugram, and Haryana as part of its money-laundering investigation into mobile applications, including the Fairplay app, for the illegal streaming of cricket, including a few Indian Premier League matches in 2023 and online betting on 2024 Lok Sabha election results. ED’s probe against …

ED raids Mumbai firm for betting on Lok Sabha polls, illegal IPL broadcast
9 months, 2 weeks ago

ED raids Mumbai firm for betting on Lok Sabha polls, illegal IPL broadcast

India Today  

The Enforcement Directorate on Thursday conducted multiple raids on premises associated with an illegal betting app 'Fairplay', implicated in activities including unauthorised broadcasting of IPL matches and illegal betting on cricket and Lok Sabha elections. The raids were held on the premises of some Mumbai-based talent management agencies that had roped in Bollywood celebrities and actors to promote the app …

Illegal mining case: ED seizes ₹3.50 crore during searches in Punjab
10 months ago

Illegal mining case: ED seizes ₹3.50 crore during searches in Punjab

The Hindu  

The Enforcement Directorate on Wednesday seized about ₹3.50 crore in cash during searches at 13 locations in Punjab’s Rupnagar district as part of a money-laundering probe into alleged illegal mining on land attached by the agency in 2015 in connection with a drug trafficking-related case. According to the agency, one Nasib Chand and his associates were indulging in illegal mining …

Pune rural police suspects Dubai hawala transactions being carried out through Mahadev betting app
10 months, 1 week ago

Pune rural police suspects Dubai hawala transactions being carried out through Mahadev betting app

Hindustan Times  

The Pune rural police on Friday said that they suspect Dubai hawala transactions were being carried out from Pune district through the Mahadev betting app – an online platform found being used for illegal gambling on games such as poker, cricket and football. Till date, the police have arrested 93 persons and detained three minors for their involvement in the …

₹100 crore fraud: Hawala operators under ED scanner
11 months, 2 weeks ago

₹100 crore fraud: Hawala operators under ED scanner

Hindustan Times  

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation
11 months, 3 weeks ago

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation

India TV News  

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation The man is said to be one of the important kingpins within a syndicate responsible for orchestrating a series of cybercrimes and online gaming schemes across India between 2020-2024, amounting to huge illicit gains of Rs 4,978 crore. Kumar, residing in Delhi's Moti Nagar locality, stands …

Delhi court pulls up ED over ‘shoddy probe’ in PNB case
11 months, 4 weeks ago

Delhi court pulls up ED over ‘shoddy probe’ in PNB case

Hindustan Times  

A Delhi court has pulled up the Enforcement Directorate for shoddy investigation and lapses by its investigative officer in a money-laundering case of where Punjab National Bank was defrauded of ₹1,46,71,000. The court noted three lapses committed by the federal probe agency — first, despite there being evidence available, ED failed to name two persons as accused in the case. …

ED attaches ₹433-crore assets in money laundering case linked to Bitconnect Coin
11 months, 4 weeks ago

ED attaches ₹433-crore assets in money laundering case linked to Bitconnect Coin

The Hindu  

The Enforcement Directorate has provisionally attached movable properties in the form of cryptocurrencies, gold and cash worth about ₹433 crore in connection with a money laundering case against accused Divyesh Darji and others. The ED probe is based on the First Information Reports registered by the Surat police in Gujarat under various provisions of the Indian Penal Code, Gujarat Protection …

ED Arrests Arvind Kejriwal: What You Must Know About Money Laundering & Its Consequences
1 year ago

ED Arrests Arvind Kejriwal: What You Must Know About Money Laundering & Its Consequences

News 18  

On Thursday, March 21, Delhi Chief Minister and Aam Aadmi Party convener, Arvind Kejriwal, was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002, allegedly for involvement in a money laundering case linked to a liquor scam. Money laundering involves illicitly disguising large sums of money earned from unlawful activities such as drug trafficking or terrorist …

DRI busts international syndicate, seizes 9.82 kg cocaine worth ₹100 crore
1 year ago

DRI busts international syndicate, seizes 9.82 kg cocaine worth ₹100 crore

Hindustan Times  

MUMBAI: The Directorate of Revenue ’s Mumbai Zonal Unit busted an international narcotic trafficking syndicate and seized cocaine worth ₹100 crore in the illicit market, and arrested two members, including the mastermind from Greater Noida, Uttar Pradesh. DRI’s probe began on Saturday after the Mumbai unit seized 9.82 kg cocaine worth ₹ 100 crore from two alleged female carriers who …

Delhi EOW probes money laundering by foreign-based online gaming firms
1 year, 1 month ago

Delhi EOW probes money laundering by foreign-based online gaming firms

New Indian Express  

NEW DELHI: The Economic Offences Wing of Delhi Police has registered a case and initiated a probe after a complaint by the Enforcement Directorate alleged that a money laundering racket involving foreign-based online gaming companies are exploiting Indians. A senior EOW officer said information was received from the ED that foreign online gaming companies are providing access to Indian residents …

ED conducts fresh searches in Mahadev app linked money laundering case
1 year, 1 month ago

ED conducts fresh searches in Mahadev app linked money laundering case

New Indian Express  

MUMBAI: The Enforcement Directorate on Wednesday conducted searches in Mumbai, some places in West Bengal and the Delhi-NCR as part of its money laundering investigation in the Mahadev online gaming and betting app that purportedly involves various high-ranking politicians and bureaucrats from Chhattisgarh. Official sources said about 15 premises in these locations are being covered by the investigators of the …

Top news of the day: December 23, 2023
1 year, 3 months ago

Top news of the day: December 23, 2023

The Hindu  

Drone strike hits ship off India: maritime agencies A drone strike damaged a merchant ship off the coast of India on December 23 but caused no casualties, two maritime agencies said, with one reporting the vessel was linked to Israel. Mobile Internet suspended in J&K’s Poonch, Rajouri amid massive anti-terrorist operation Mobile Internet services were suspended in Jammu and Kashmir’s …

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company
1 year, 3 months ago

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company

News 18  

The Enforcement Directorate on Friday conducted fresh searches at about a dozen locations in Delhi-NCR and Punjab as part of a money laundering investigation against Chandigarh-based pharmaceutical company Parabolic Drugs and its promoters linked to an alleged bank fraud, official sources said. The central agency had earlier arrested Parabolic Drugs promoters Vineet Gupta and Pranav Gupta, who are also the …

Search on for controllers of gold smuggling syndicate
1 year, 4 months ago

Search on for controllers of gold smuggling syndicate

Hindustan Times  

MUMBAI: Various zonal units of the Directorate of Revenue Intelligence, including the one in Mumbai, are working in coordination to nab the main controllers of an international gold smuggling syndicate that has allegedly brought in around 45.4 kg of gold worth over ₹27.5 crore since October. HT Image DRI’s units had seized smuggled gold weighing 45.4 kg during two of …

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York
1 year, 5 months ago

How 5 Indian Americans allegedly laundered $30m in Cash-for-Bitcoin scam in New York

Hindustan Times  

Five Indian Americans are reportedly being investigated for an illegal $30million crypto exchange scheme operating in the heart of New York. 5 Indian Americans, Shaileshkumar Goyani, Brijeshkumar Patel, Hirenkumar Patel, Naineshkumar Patel, Nileshkumar Patel, and Raju Patel have been accused of running this illegal Bitcoin exchange with an adept criminal finesse, bypassing the legal scrutiny. The report claims, this individual …

Mahadev betting app case: ED action continues as searches conducted at production house in Mumbai
1 year, 5 months ago

Mahadev betting app case: ED action continues as searches conducted at production house in Mumbai

India TV News  

Mahadev betting app case: In the latest development, the Enforcement Directorate on Friday conducted searches at a production house in Mumbai in connection with its money laundering probe linked to the Mahadev betting app case. According to sources, around 14-15 celebrities and actors are under the ED's scanner in the case and they will also be summoned soon. Comedian Kapil …

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids
1 year, 6 months ago

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids

Hindustan Times  

The Enforcement Directorate has frozen and seized assets worth Rs.417 crore in connection with the Mahadev APP online betting case, officials said on Friday. They allegedly used the online book betting application to enrol new users, create user IDs and launder money through a layered web of benami bank accounts, ED officials said. Last month, the ED also questioned people …

DRI busts foreign-origin gold smuggling syndicate, arrest 6 persons
1 year, 6 months ago

DRI busts foreign-origin gold smuggling syndicate, arrest 6 persons

Hindustan Times  

Mumbai: Around 7.4 kg of foreign-origin gold worth ₹4.51 crore was seized by the Directorate of Revenue Intelligence ’s Mumbai unit at the Chhatrapati Shivaji International Airport, Mumbai on Saturday. HT Image The DRI busted a syndicate allegedly involved in smuggling gold dust-in-wax and arrested six persons under the provisions of the Customs Act, 1962, including two alleged carriers, a …

Money laundering case: IRS officer gifted jewellery worth Rs 1.75 lakh to south Indian actor, claims ED in chargesheet
1 year, 6 months ago

Money laundering case: IRS officer gifted jewellery worth Rs 1.75 lakh to south Indian actor, claims ED in chargesheet

Firstpost  

Sawant, who was arrested in June in connection with the case, is currently in judicial custody. IRS officer Sachin Sawant, an accused in a money laundering case, allegedly gifted jewellery worth Rs 1.75 lakh to a south Indian actor, and layered his “ill-gotten money” through bank accounts of family members and friends, the Enforcement Directorate has said in its chargesheet. …

Chargesheet filed against bureaucrat arrested in money laundering case
1 year, 7 months ago

Chargesheet filed against bureaucrat arrested in money laundering case

India Today  

The Enforcement Directorate on Monday submitted its chargesheet in the disproportionate case against Indian Revenue Service officer Sachin Sawant. WHAT ED FOUND In connection with the probe against Sachin Sawant, the ED also examined a Malayalam actress who has worked in several South Indian blockbusters. While probing the case against Sachin Sawant, the probe agency found several assets linked to …

ED quizzes Chhattisgarh Chief Minister's advisors over money laundering case
1 year, 7 months ago

ED quizzes Chhattisgarh Chief Minister's advisors over money laundering case

Firstpost  

The federal agency recorded the statement of Baghel’s political advisor Vinod Verma and Officer on Special Duty Manish Banchhore under the provisions of the Prevention of Money Laundering Act The Enforcement Directorate on Monday questioned a political advisor and an OSD of Chhattisgarh Chief Minister Bhupesh Baghel as part of a money laundering investigation linked to an alleged illegal betting …

Nurses’ recruitment fraud: ED scans role of hawala operators
1 year, 7 months ago

Nurses’ recruitment fraud: ED scans role of hawala operators

Hindustan Times  

MUMBAI: The Enforcement Directorate ’s money-laundering investigation related to the alleged fraudulent collection of ₹205 crore from nurses for Kuwait jobs by a few recruitment firms has revealed that a substantial part of the proceeds of crime was allegedly sent abroad via hawala channels by the accused firms/ persons. A recruitment firm, which is under the probe’s scanner, had allegedly, …

DRI ‘watch smuggler’ is in fact a well-heeled collector
1 year, 8 months ago

DRI ‘watch smuggler’ is in fact a well-heeled collector

Hindustan Times  

MUMBAI: Buying an expensive watch abroad and wearing it during return journey to evade paying Customs duty may prove costlier than one may believe. DRI ‘watch smuggler’ is in fact a well-heeled collector A city-based finance professional, who is under the scanner of the Directorate of Revenue Intelligence for smuggling in around 35 ‘limited edition’ premium watches in the recent …

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