ED seizes Rs 51 cr more from firm having Chinese links, total Rs 238 cr recovered so far
3 years, 1 month ago

ED seizes Rs 51 cr more from firm having Chinese links, total Rs 238 cr recovered so far

India Today  

The Enforcement Directorate on Wednesday said it has seized an additional amount of Rs 51.23 crore lying in bank accounts and virtual accounts with payment gateways, belonging to PC Financial Services Private Limited under the provisions of the Foreign Exchange Management Act, officials said. The ED, during a money laundering investigation, initiated a probe under FEMA against PC Financial Services Private Limited, an NBFC company, that provides instant personal micro loans through its mobile application ‘Cash Bean’ for suspicious foreign outward remittances. READ: ED issues show-cause notice to Mumbai firm over illegal cryptocurrency trade, finds involvement of Chinese nationals PC Financial Services Private Limited is a wholly owned subsidiary of Oplay Digital Services, SA de CV, Mexico, which is a subsidiary of Tenspot Pesa Limited, Hong Kong owned by Opera Limited and Wisdom Connection I Holding Inc, which are ultimately beneficially owned by Chinese national Zhou Yahui. According to the ED, their investigation has revealed that the foreign parent companies of PC Financial Services Private Limited brought FDI worth Rs 173 crore for lending business, and within a short span of time, made foreign outward remittances worth Rs 429.29 crore in the name of payments for software services received from related foreign companies. “PC Financial Services Private Limited remitted forex worth Rs 429 crore to 13 foreign companies located in Hong Kong, China, Taiwan, US and Singapore in the guise of payments for license fee for Cash Bean mobile application, software technical fee, online marketing and The suspects were allegedly unable to submit proof of payments made to foreign companies against the services.

India Financial Services Indian Hong Kong Crore Foreign Private Limited Foreign Companies Nbfc Chinese Links Pc Financial Services Pc Financial Services Private Limited  pc  far  seizes  private  foreign  crore  rs  ed  having  recovered  cr  services  limited  financial  chinese  links  firm  total

History of this topic

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe
1 week, 3 days ago

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe

Hindustan Times  

Mumbai/New Delhi: The Enforcement Directorate has frozen immovable assets worth ₹5.4 crore as part of its investigation into a ₹4,957 crore bank fraud allegedly involving the private firm M/s Pratibha Industries Ltd. ED freezes ₹ 5.4 crore assets in ₹ 4,957 crore bank fraud probe The frozen assets include bank balances and mutual funds, according to agency sources. The ED’s …

ED seizes assets worth ₹3.9 crore in money laundering probe
1 month ago

ED seizes assets worth ₹3.9 crore in money laundering probe

Hindustan Times  

Mumbai: The Enforcement Directorate has seized movable assets worth approximately ₹3.9 crore during searches in Mumbai, Delhi and Gurgaon as part of its money laundering investigation into Dentsu Communications India Private Limited and Suumaya Industries Ltd and their promoters. The agency's investigation stems from a Worli police case against the accused for allegedly embezzling ₹137 crore from certain non-banking financial …

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore
1 month, 1 week ago

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, on Friday searched seven premises in Ahmedabad and Mumbai, and seized ₹13.5 crore in cash. The search operation was conducted in connection with the Malegaon money laundering case in which the accused had allegedly misused accounts opened with the Nashik Merchant Co-operative Bank to withdraw ₹196 crore over five months. 295/2024 dated November 7, …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
1 month, 1 week 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 13 locations in money laundering probe against Bihar IAS officer
Trending News
1 month, 1 week ago

ED raids 13 locations in money laundering probe against Bihar IAS officer

India Today  

The Enforcement Directorate conducted searches at 13 locations across Delhi, Gurgaon, Kolkata, Jaipur, and Nagpur on 3 December as part of a money laundering investigation involving IAS officer Sanjeev Hans and others. The searches uncovered shares worth Rs 60 crore in Demat accounts belonging to family members of a close associate of Hans, who is currently in judicial custody. Shares …

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case
1 month, 1 week ago

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case

Deccan Chronicle  

New Delhi: Two chartered accountants and a cryptocurrency trader have been arrested here in a money laundering investigation linked to a cyber fraud case of Rs 640 crore, the Enforcement Directorate said Wednesday. The money laundering probe stems from two FIRs filed by the Economic Offences Wing of the Delhi Police that were registered to probe charges of cyber fraud …

ED seizes ₹12.41 crore in cash from ‘lottery king’ Santiago Martin's premises
1 month, 3 weeks ago

ED seizes ₹12.41 crore in cash from ‘lottery king’ Santiago Martin's premises

Hindustan Times  

The Enforcement Directorate said on Monday that it has seized cash, “sensitive” documents, digital devices and fixed deposit receipts during a search operation at nearly two dozen premises linked to “lottery king” Santiago Martin. Cash seized by ED Martin is a Chennai-based businessman who was revealed in March as the single-biggest donor to political parties through the now-scrapped electoral bonds …

ED seizes ₹3 crore from Kolkata businessman in lottery scam
2 months ago

ED seizes ₹3 crore from Kolkata businessman in lottery scam

Hindustan Times  

Kolkata, The Enforcement Directorate on Friday seized around ₹3 crore from a businessman's house in Kolkata, as part of its ongoing probe into a high-profile lottery scam. ED seizes ₹ 3 crore from Kolkata businessman in lottery scam The central agency has been conducting search operations at multiple locations in West Bengal since Thursday in connection with the alleged scam, …

ED attaches ₹3.72 crore assets in Chinese national case
2 months ago

ED attaches ₹3.72 crore assets in Chinese national case

Hindustan Times  

The Enforcement Directorate has provisionally attached properties worth ₹3.72 crore in a money laundering case lodged against a Chinese national, who was “illegally staying in India”, and others connected to a loan app fraud case, confirmed senior ED officials in Lucknow on Tuesday. A senior ED official said the attached properties were in the form of bank balance and fixed …

ED attaches ₹333.82 crore in DMCSL fraud case
Trending News
2 months, 1 week ago

ED attaches ₹333.82 crore in DMCSL fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate has attached assets worth ₹333.82 crore in connection with its money laundering probe into the alleged fraud at Dnyanradha Multistate Co-operative Credit Society Ltd. The investigation revealed that DMCSL's management, including Suresh Kute and Yashvant Kulkarni, embezzled ₹2,467.89 crore, disguised as loans to companies. The society attracted over four lakh investors, offering deposit schemes with interest …

ED seizes assets worth ₹333.82 crore in cooperative society fraud case
2 months, 1 week ago

ED seizes assets worth ₹333.82 crore in cooperative society fraud case

Hindustan Times  

Mumbai: The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹333.82 crore in a money-laundering investigation involving alleged fraud at Dnyanradha Multistate Co-operative Credit Society Ltd. The Enforcement Directorate's Mumbai zonal office has provisionally attached assets worth ₹ 333.82 crore in a money-laundering investigation. The ED's investigation revealed that DMCSL's management allegedly embezzled funds by fraudulently diverting ₹2,467.89 …

ED attaches assets worth Rs 333 crore in Dnyanradha company fraud case
2 months, 1 week ago

ED attaches assets worth Rs 333 crore in Dnyanradha company fraud case

India Today  

The Enforcement Directorate has attached assets worth over Rs 333 crore in a money laundering case linked to the Dnyanradha Multistate Co-operative Credit Society Ltd, its chairman Suresh Kute, and others. The assets, attached by ED on November 5, include land, buildings, and machinery belonging to Kute Sons Dairys Ltd and Kute Sons Fresh Dairy Pvt Ltd, in Maharashtra’s Satara …

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL
4 months ago

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL

Hindustan Times  

MUMBAI: The Mumbai zonal unit of the Enforcement Directorate has provisionally attached movable and immovable assets worth ₹43.52 crore as part of its money-laundering investigation related to a ₹1,438.45 crore bank loan default case involving metal trading company Ushdev International Limited and others. The loan funds granted to Mumbai-headquartered UIL were allegedly diverted to different entities in the “guise of …

ED arrests former Pune ZP chairman in ₹494cr bank fraud case
4 months, 3 weeks ago

ED arrests former Pune ZP chairman in ₹494cr bank fraud case

Hindustan Times  

MUMBAI: Former chairman of Pune zilla parishad Mangaldas Bandal has been arrested by the Enforcement Directorate in connection with an alleged ₹494-crore fraud at Pune’s Shivajirao Bhosale Sahakari Bank. Earlier on Tuesday, the ED seized cash worth ₹25 lakh and froze fixed deposits worth ₹50 lakh during searches conducted at Bandal’s premises. ED’s investigation revealed that several persons had committed …

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody
5 months ago

₹2,000-crore ‘scam’: Ex-minister Ashu in judicial custody

Hindustan Times  

The additional sessions court here on Monday sent former Punjab food and civil supplies and consumer affairs minister Bharat Bhushan Ashu to judicial custody in connection with an alleged ₹2,000-crore foodgrain transportation-linked money-laundering case. Bharat Bhushan Ashu Ashu, who was arrested by the ED on August 1, had been in the central agency’s custody since August 2. In August last …

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala
6 months ago

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala

Hindustan Times  

Mumbai: The Enforcement Directorate has provisionally attached movable and immovable assets worth ₹14.02 crore in its money-laundering investigation linked to an alleged fraudulent withdrawal of TDS refunds totalling ₹263.95 crore from the Income Tax department. HT Image The attached assets comprise a flat in Malabar Hill, land parcels in Lonavala and Khandala, bank balances, insurance policies, and fixed deposits, estimated …

ED attaches assets worth over ₹27 crore in cheating case
6 months, 2 weeks ago

ED attaches assets worth over ₹27 crore in cheating case

The Hindu  

The Kochi unit of the Enforcement Directorate has provisionally attached assets valued at ₹27.88 crore in a cheating case involving PRD Mini Nidhi Limited, under the Prevention of Money Laundering Act, 2002. The attached assets include immovable properties in the name of the prime accused, Anilkumar D., managing director of the firm, and his family members, and David George, former …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
6 months, 3 weeks ago

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case

The Hindu  

Bank and demat account deposits apart from cash worth about ₹37 crore has been seized by the Enforcement Directorate as part of a money-laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of ₹600 crore through a Ponzi scheme. The Enforcement Directorate case of money-laundering stems from a Mumbai Police FIR that …

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case
6 months, 3 weeks ago

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case

Deccan Chronicle  

New Delhi: Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the ED as part of a money laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of Rs 600 crore through a Ponzi scheme.The federal agency said on Sunday that the action was …

ED seizes crypto assets worth about ₹ 90 crore in ‘E-Nugget’ case
8 months, 2 weeks ago

ED seizes crypto assets worth about ₹ 90 crore in ‘E-Nugget’ case

The Hindu  

The Enforcement Directorate has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and WazirX. This is in connection with a money laundering case involving online gaming app ‘E-Nugget’, the agency said on Tuesday. App went dark Explaining the modus operandi, the agency said: “A series of enticing …

ED attaches properties worth ₹97.79 crore belonging to Raj Kundra under PMLA
8 months, 4 weeks ago

ED attaches properties worth ₹97.79 crore belonging to Raj Kundra under PMLA

The Hindu  

April 18, 2024 01:55 pm | Updated 01:56 pm IST The Enforcement Directorate, Mumbai Zonal Office has provisionally attached immovable and movable properties worth ₹97.79 crore belonging to Ripu Sudan Kundra also known as Raj Kundra under the provisions of Prevention of Money Laundering Act, 2002. The attached properties include a residential flat situated in Juhu presently in the name …

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty
8 months, 4 weeks ago

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty

New Indian Express  

NEW DELHI: The Enforcement Directorate said on Thursday that it has attached movable and immovable properties worth Rs 97.79 crore belonging to Bollywood actor Shilpa Shetty and her husband Raj Kundra in connection with of a money-laundering case. The properties include a residential flat in Juhu, which is in the name of Shilpa Shetty, another residential bungalow in Pune and …

ED Attaches Rs 32 Crore in Part Time job Fraud Case
9 months, 2 weeks ago

ED Attaches Rs 32 Crore in Part Time job Fraud Case

Deccan Chronicle  

Hyderabad: Officials from Hyderabad Enforcement Directorate attached Rs 32.34 crore that was lying unused in around 580 bank accounts, under the provisions of Prevention of Money Laundering Act, 2002, in a case pertaining to a part-time job scam in the name of review and ratings of websites, hotels and resorts. The cyber criminals would approach gullible persons on WhatsApp and …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months, 4 weeks ago

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case

The Hindu  

The Enforcement Directorate, Mumbai, on Saturday said that they have provisionally attached immovable properties consisting of 2nd, 3rd, 4th and 5th floor of Hotel One Continent at King Koti Road, Sultan Bajaar, Abids, Hyderabad, to the extent of ₹43.84 crore under the provisions of Prevention of Money Laundering Act, 2002, in loan fraud case of the Punjab and Maharashtra Cooperative …

ED conducts searches in micro-loan fraud case
1 year ago

ED conducts searches in micro-loan fraud case

The Hindu  

The ED recently conducted searches at 19 locations in micro-loan fraud cases. The searches were carried out in Delhi, Chandigarh, Haryana, Punjab, and Gujarat, as part of the probe against Shinebay Technology India Private Limited, Mpurse Services Private Limited and others, which are owned and controlled by Chinese, the ED said on Tuesday. According to the ED, the suspect fintech …

ED conduct searches in AP, TS in a fraud of Rs 311 crore
1 year, 1 month ago

ED conduct searches in AP, TS in a fraud of Rs 311 crore

Deccan Chronicle  

Hyderabad: The Directorate of Enforcement officials have conducted search operations at six locations in Andhra Pradesh and Telangana under the provisions of the Prevention of Money Laundering Act, 2002 in connection with investigation regarding fraud in sanction of loans under Kisan Credit Card to farmers for construction of fish tanks. ED initiated investigation on the basis of FIR registered by …

Drugs case: ED seizes ₹4.5 crore, digital devices, incriminating documents
1 year, 2 months ago

Drugs case: ED seizes ₹4.5 crore, digital devices, incriminating documents

Hindustan Times  

The Enforcement Directorate has confiscated unaccounted cash worth ₹4.5 crore during the raids at 25 locations in Punjab on Tuesday. The ED official said the raids were conducted under the Prevention of Money Laundering Act at 25 residential and commercial premises belonging to Akshay Kumar Chhabra and other associates in Ludhiana, Mohali, Chandigarh, Amritsar, Jalandhar and Ganganagar in Rajasthan in …

Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case
1 year, 3 months ago

Gujarat: ED seizes assets worth Rs 3.10 crore in illegal forex trading case

India TV News  

In a major crackdown on illegal forex trading, the Enforcement Directorate conducted searches at the premises of TP Global FX, a foreign exchange trader based in Ahmedabad. The ED's investigation revealed that individuals associated with the company, including Prasenjit Das, Shailesh Kumar Pandey, Tushar Patel, and others, had defrauded people by falsely promising investments in forex trading. Additionally, the central …

Mahadev betting case: ED seizes assets worth ₹417 crore
1 year, 4 months ago

Mahadev betting case: ED seizes assets worth ₹417 crore

The Hindu  

The Enforcement Directorate has frozen or seized assets worth ₹417 crore following searches at 39 locations in different parts of the country in connection with the investigation against Mahadev Online Book betting app. The agency said the app was an umbrella syndicate that arranged online platforms for enabling illegal betting websites to enrol new users, create IDs and launder money …

Mumbai: ED raids locations, seizes Rs 417 crore from illegal online betting app
1 year, 4 months ago

Mumbai: ED raids locations, seizes Rs 417 crore from illegal online betting app

India TV News  

In a major crackdown, the Enforcement Directorate has unearthed a case of embezzlement of crores through illegal betting website and seized Rs 417 crore from the accused. During investigation, the probe agency conducted searches against the money laundering network linked to Mahadev App in cities like Kolkata, Bhopal, Mumbai and seized a large amount of money along with incriminating documents. …

ED attaches ₹6.47cr assets of Chinese company in job fraud case
1 year, 4 months ago

ED attaches ₹6.47cr assets of Chinese company in job fraud case

The Hindu  

Officials of the Directorate of Enforcement have attached the movable assets worth ₹6.47 crore, including ₹71.3 lakh in the form of cryptocurrency in the China-linked part time job fraud case under the Prevention of Money Laundering Act. A release said the investigation revealed that gullible youth were cheated by certain Chinese persons through a mobile app, “Keepsharer,” through which they …

ED Files Charge Sheet Against 'Conman' Who Duped People in Name of PMO, Contacts with Politicians
1 year, 5 months ago

ED Files Charge Sheet Against 'Conman' Who Duped People in Name of PMO, Contacts with Politicians

News 18  

A charge sheet under the anti-money laundering law has been filed against alleged conman Sanjay Prakash Rai alias Sanjay Sherpuria for “cheating” several people by portraying himself to be close to the PMO, senior bureaucrats and politicians, the ED said on Wednesday. The said payment of Rs six crore was received by Rai “under the guise of donation in YREF …

ED seizes two Mumbai flats under FEMA
1 year, 5 months ago

ED seizes two Mumbai flats under FEMA

The Hindu  

The Enforcement Directorate has seized two Mumbai residential flats worth ₹2.83 crore in the name of businessman Bhupesh Agarwal and his wife under the Foreign Exchange Management Act. According to the agency, Mr. Agarwal had incorporated and used several dummy entities for remitting funds to Dubai-based companies without getting any services, as was previously declared by him to the authorised …

ED seizes assets worth over Rs 121 crore in Pune bank fraud case
1 year, 7 months ago

ED seizes assets worth over Rs 121 crore in Pune bank fraud case

India Today  

The Enforcement Directorate has provisionally attached 47 immovable properties worth Rs 121.81 crore in Pune and movable assets worth Rs 54.25 lakh of Devi Concrete Products under the provisions of the Prevention of Money Laundering Act, 2002. The ED initiated the PMLA investigation based on a predicate FIR at Pune’s Vimantal Police station against Vinay Aranha of the Rosary Education …

Chhattisgarh excise officer changed policy resulting in Rs 2,000-crore scam: ED
1 year, 7 months ago

Chhattisgarh excise officer changed policy resulting in Rs 2,000-crore scam: ED

India Today  

Arun Pati Tripathi, the Special Secretary in Chhattisgarh Excise Department, was responsible for making changes in the policy which led to a Rs 2,000-crore scam in the state, the Enforcement Directorate alleged. “The ED investigation revealed that Arun Pati Tripathi, through his direct actions at the insistence of Anwar Dhebar, corrupted the entire liquor system of Chhattisgarh to maximise corruption …

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations
1 year, 8 months ago

ED seizes ’incriminating data’ of Byju’s over alleged forex law violations

Live Mint  

According to a statement made earlier today by the Directorate of Enforcement, three Bengaluru premises related to the education platform Byju and its billionaire CEO Byju Raveendran have undergone searches and seizures for possible violations of the nation's foreign exchange rules. The searches under alleged foreign exchange law violations revealed that Think and Learn Private Limited, Byju's parent firm, had …

Chinese loan app case | ED attaches ₹106-crore assets
1 year, 9 months ago

Chinese loan app case | ED attaches ₹106-crore assets

The Hindu  

The Enforcement Directorate has attached movable assets to the tune of ₹106 crore in connection with the “Chinese-controlled” loan app case. They have provided instant short-term loans to the public through loan apps and other means and charged high processing fees.,” said the agency on Wednesday. “These Chinese nationals-controlled entities have indulged in huge money laundering activities through the merchant …

₹1 cr cash, ₹600 cr crime proceeds found in raids: ED on land-for-jobs scam
1 year, 10 months ago

₹1 cr cash, ₹600 cr crime proceeds found in raids: ED on land-for-jobs scam

Live Mint  

The Enforcement Directorate has seized "unaccounted cash" worth ₹1 crore during raids against former Bihar Chief Minister Lalu Prasad's family. The probe body said on Saturday that it had also detected proceeds of crime worth ₹600 crore as it probes the railways land for job 'scam' linked money laundering case. Raids were also conducted at the residence of Lalu Prasad's …

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case
1 year, 10 months ago

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case

India Today  

The Enforcement Directorate conducted a day-long raid on over eight locations linked to several businessmen and entry operators in Maharashtra’s Nagpur in connection with an alleged Rs-1,000 crore investment fraud case on Friday. According to sources, the case is related to an investment fraud-cum-money laundering racket run by Pankaj Mehadia and his accomplices where they duped investors of hundreds of …

ED searches 14 premises including BSE-listed company in Power Bank app fraud case
1 year, 10 months ago

ED searches 14 premises including BSE-listed company in Power Bank app fraud case

India Today  

The Enforcement Directorate conducted searches at 14 premises pertaining to Sagar Diamond Limited, a BSE listed company, RHC Global Exports Limited, their director Vaibhav Dipak Shah and their associates in Surat SEZ, Ahmedabad and Mumbai in the Power Bank App fraud case. During the search, cash worth 25 lakh, gold, diamonds and other valuables amounting to Rs 10 crore, digital …

ED freezes 36 bank accounts of a direct-selling company holding more than Rs 90 crore
1 year, 11 months ago

ED freezes 36 bank accounts of a direct-selling company holding more than Rs 90 crore

India Today  

The Enforcement Directorate has frozen 36 bank accounts holding more than Rs 90 crore after it raided various premises of a 'direct selling' company that is alleged to have duped numerous investors. The ED conducted searches at five locations in Mumbai, two locations in Chennai and two in Bangalore on Tuesday in connection with a money laundering case against Vihaan …

ED attaches Rs 7.93 crore of TMC MLA in Bengal teacher recruitment scam
2 years, 1 month ago

ED attaches Rs 7.93 crore of TMC MLA in Bengal teacher recruitment scam

India Today  

The Enforcement Directorate has attached properties worth Rs 7.93 crore of Trinamool Congress MLA Manik Bhattacharya in the West Bengal primary teachers recruitment scam. “One such account used for money laundering activities was found existing in the name of Satarupa Bhattacharya, wife of Manik Bhattacharya, and Mrityunjay Chatterjee who had passed away in 2016,” said the ED. READ: Bengal teacher …

ED raids Salarpuria Sattva Group, freezes Rs 50 crore
2 years, 2 months ago

ED raids Salarpuria Sattva Group, freezes Rs 50 crore

Deccan Chronicle  

HYDERABAD: The Enforcement Directorate conducted extensive searches at the offices of the Salarpuria Sattva Group and froze assets worth Rs 49.99 crore spread across 316 bank accounts under the Prevention of Money Laundering Act, 2002. The investigation found that the promoters and directors of Salarpuria Sattva Group instructed multiple shell companies registered in Kolkata and Shillong to layer and transfer …

ED freezes Bitcoins worth ₹7.12 crore in E-nuggets case
2 years, 2 months ago

ED freezes Bitcoins worth ₹7.12 crore in E-nuggets case

The Hindu  

The Enforcement Directorate has frozen Bitcoins worth ₹7.12 crore and seized ₹1.65 crore in cash as part of its probe in the E-nuggets gaming app case. The probe is based on a First Information Report registered by the Kolkata Police in February last year against businessman Aamir Khan and others, following a complaint lodged by Federal Bank authorities before a …

Bengal SSC scam: ED attaches assets worth Rs 48.22 crore linked to Partha Chatterjee
2 years, 3 months ago

Bengal SSC scam: ED attaches assets worth Rs 48.22 crore linked to Partha Chatterjee

India Today  

The Enforcement Directorate has provisionally attached properties worth Rs 48.22 crore linked to suspended TMC leader Partha Chatterjee and his aide Arpita Mukherjee, accused in the West Bengal teachers’ recruitment scam. The alleged teacher job scam began in 2014 when the West Bengal School Service Commission issued a notification for the appointment of teachers in state-run schools in West Bengal …

ED seizes ₹46.67 crore in money laundering probe into HPZ Token app case
2 years, 3 months ago

ED seizes ₹46.67 crore in money laundering probe into HPZ Token app case

The Hindu  

The Enforcement Directorate has seized ₹46.67 crore lying in various bank and virtual accounts in connection with a money laundering probe involving the HPZ Token app that allegedly promised its users large gains against investments in mining machines for bitcoin and other cryptocurrencies. “Shigoo Technology Private Limited was also found linked to various Chinese-controlled companies.several other companies were receiving funds …

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case
2 years, 4 months ago

Kolkata: ED raids six places, seizes over Rs 17.3 crore cash in mobile app fraud case

India TV News  

ED raids in Kolkata: The Enforcement Directorate on Saturday raided six places in Kolkata and recovered over Rs 17 crore and 32 lakh in cash. The case was recorded on the basis of an FIR filed on February 15, 2021, under sections 420, 406, 409, 468, 469, 471, 34 of IPC by Park Street Police Station. The complaint was filed …

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore
2 years, 4 months ago

ED raids Chinese loan app firms and payment gateway firms in Bengaluru, freezes accounts worth ₹17 crore

The Hindu  

The Directorate of Enforcement conducted raids on six loan app firms owned by Chinese nationals across the city and freezed accounts with ₹17 crores. The premises of Razorpay Pvt Ltd, Cashfree Payments, Paytm Payment Services Ltd and entities controlled and operated by Chinese persons were covered in the search operation. During the search operation, it was noticed that the entities …

ED attaches property worth Rs 3.67 cr in fraud case involving AIIMS employee
2 years, 4 months ago

ED attaches property worth Rs 3.67 cr in fraud case involving AIIMS employee

India TV News  

Highlights ED attached two properties in Delhi and other assets worth Rs 3.68 crore on Sneh Rani Fake delivery challans, inspection notes, and received an amount of Rs 13.43 crore release to Sneh The proprietor of Sneh Enterprises, Sneh Rani transferred money from AIIMS to her bank acc The Enforcement Directorate on Tuesday said that they have attached two immovable …

Partha Chatterjee calls himself a 'victim of conspiracy' as ED seizes Rs 50 crore from aide Arpita's house
2 years, 5 months ago

Partha Chatterjee calls himself a 'victim of conspiracy' as ED seizes Rs 50 crore from aide Arpita's house

India TV News  

Highlights Partha Chatterjee said that he was a victim of a conspiracy hatched against him He was sacked from TMC, relieved of ministerial duties after his arrest in connection with SSC scam One of his close aides, Arpita Mukherjee, was also arrested by ED after crores of rupees was found Partha Chatterjee, a Bengal minister who was sacked from the …

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