ED attaches ₹333.82 crore in DMCSL fraud case
Trending News
1 month, 2 weeks 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 rates between 12-14%. Searches conducted earlier in the year led to the freezing and seizure of ₹10.99 crore in movable assets.

Crore Csl Dmc Kute Dmcsl Ed Fraud  society  dmcsl  assets  attaches  case  companies  33382  ed  fraud  including  attachments  kute  crore  investors  funds

History of this topic

EPFO officer booked for amassing disproportionate assets
1 week, 3 days ago

EPFO officer booked for amassing disproportionate assets

Hindustan Times  

MUMBAI: The Central Bureau of Investigation registered a corruption case against an accounts officer working with the Employees’ Provident Fund Organization for allegedly amassing assets worth ₹125.44 lakh disproportionate to his and his wife’s known sources of income. EPFO officer booked for amassing disproportionate assets The agency is conducting a probe against the accused, who is currently working in Tamil …

ED seizes assets worth ₹3.9 crore in money laundering probe
1 week, 3 days 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 …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
1 week, 6 days ago

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case

Hindustan Times  

Mumbai: A special court in Mumbai on Tuesday permitted the monetisation of properties worth ₹2,565.9 crore that were attached or seized by the Enforcement Directorate since 2018 as part of its money laundering investigation against fugitive diamantaire Mehul Choksi in the alleged Punjab National Bank fraud. Mehul Choksi The court's decision followed an application from the victim banks, Punjab National …

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case
Trending News
2 weeks ago

Exclusive: Rs 125 crore in assets returned to victims in Mehul Choksi-PNB scam case

India Today  

The Enforcement Directorate, Mumbai, has successfully handed over properties worth more than Rs 125 crore to the liquidator of Gitanjali Gems Ltd. Following an application supported by the ED, the Special PMLA Court in Mumbai approved the monetisation of properties worth Rs 2,565.90 crore linked to Mehul Choksi. PROPERTIES HANDED OVER As per the court’s order, ED initiated the transfer …

ED raids 13 locations in money laundering probe against Bihar IAS officer
Trending News
2 weeks, 5 days 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 attaches 37 horses, flats worth Rs 5.23 crore in international cyber fraud case
2 weeks, 6 days ago

ED attaches 37 horses, flats worth Rs 5.23 crore in international cyber fraud case

India Today  

The Enforcement Directorate has provisionally attached properties worth Rs 5.23 crore in connection with an international cyber fraud network operated by Kunal Gupta, owner of Met Technologies, and his associate Pawan Jaiswal. Among the attached properties are 37 horses belonging to KG Stud Farm LLP, valued at Rs 3.98 crore, and flats in the Greenleaf Complex, Baguiati, Kolkata, worth Rs …

HPZ Token scam: ED attaches assets worth ₹106.2 crore
3 weeks, 1 day ago

HPZ Token scam: ED attaches assets worth ₹106.2 crore

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached the proceeds of crime in the form of movable and immovable assets belonging to several suspects, including Chinese-linked shell entities, accused of conning investors of hundreds of crores on the promise that their investments would get doubled through a mobile application, HPZ Token, online gaming and betting websites. HPZ Token scam: ED attaches …

ED restitutes property worth ₹25.38 crore to claimants
3 weeks, 3 days ago

ED restitutes property worth ₹25.38 crore to claimants

The Hindu  

In a significant move to restore the Proceeds of Crime to rightful claimants, the Directorate of Enforcement, Chennai Zonal office has successfully restituted property valued at ₹25.38 Crore to the victim and claimant in an anti-Money Laundering case against Nafisa Overseas and others being investigated by the ED. A press release said ED investigation revealed that the accused availed the …

Multi-crore fraud: ED attaches Lko flat worth ₹1.5cr of realtor
3 weeks, 3 days ago

Multi-crore fraud: ED attaches Lko flat worth ₹1.5cr of realtor

Hindustan Times  

The Enforcement Directorate, Lucknow, has provisionally attached property worth ₹1.5 crore in the form of a residential flat situated in Lucknow, belonging to Anil Kumar Tulsiani, director of M/s Tulsiani Constructions and Developers Pvt Ltd in a fraud case, under the provisions of Prevention of Money Laundering Act, 2002, confirmed ED officials on Friday. They said searches were conducted at …

ED attaches assets worth 1.84 cr in illegal betting apps probe
1 month ago

ED attaches assets worth 1.84 cr in illegal betting apps probe

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached movable assets worth ₹1.84 crore as part of its money laundering investigation into alleged illegal betting via mobile apps. ED’s probe in the case revealed that alleged dummy bank accounts in the name of fictitious entities had been opened for transferring funds obtained from two illegal betting apps, which were operated as ‘CBTF247’ …

ED attaches assets worth Rs 2.43 crore in Blossoms Oils, Fats Limited case
1 month ago

ED attaches assets worth Rs 2.43 crore in Blossoms Oils, Fats Limited case

New Indian Express  

HYDERABAD: The Hyderabad zonal office of the Enforcement Directorate has attached immovable properties worth Rs 2.43 crore under the provisions of the Prevention of Money Laundering Act, 2002, in connection with the Blossoms Oils & Fats Limited case. The attached properties, belonging to Sarvade Vinod Kumar and Jan Shakti Oil Products Pvt Ltd, represented by M Venkata Nagendra, include both …

ED seizes assets worth ₹333.82 crore in cooperative society fraud case
1 month, 2 weeks 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
1 month, 2 weeks 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 …

Bank fraud case: ED attaches ₹44 cr assets of Cong MLA
2 months, 3 weeks ago

Bank fraud case: ED attaches ₹44 cr assets of Cong MLA

Hindustan Times  

The Enforcement Directorate on Thursday said it has attached assets worth more than ₹44 crore of entities linked to Congress MLA Rao Dan Singh, his son and some others as part of a money laundering investigation. The attachment includes 31 flats in Coban Residency, Sector 99A of Gurugram, and 2.25 acre land in Harsaru village of “entities belonging” to Rao …

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

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED
4 months ago

₹494cr bank fraud case: 97% of loans given were irregular, turned NPA, says ED

Hindustan Times  

Mumbai: The Enforcement Directorate’s money-laundering probe in connection with the ₹494-crore fraud Shivajirao Bhosale Sahakari Bank in Pune, has revealed that the key managerial accused persons of the bank allegedly utilised disbursed loan amounts for their own benefit by giving approvals to irregular loan cases, thereby resulting in 97% of such loan cases turning into Non-Performing Assets, causing loss of …

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

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group
4 months, 1 week ago

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group

Hindustan Times  

MUMBAI: Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹678 crore has been attached by the Enforcement Directorate in a ₹2,435 crore-worth loan fraud case under the Prevention of Money Laundering Act. Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹ 678 crore has been attached by the Enforcement Directorate in a ₹ 2,435 crore-worth loan fraud case …

I-T refund fraud case: Enforcement Directorate attaches fresh assets
5 months, 1 week ago

I-T refund fraud case: Enforcement Directorate attaches fresh assets

The Hindu  

“The Enforcement Directorate has attached assets of various people, including the husband of an IPS officer, in connection with a money-laundering investigation linked to an alleged Income Tax refund fraud case of ₹263 crore in Maharashtra,” the agency said. The ED has provisionally attached a flat in Mumbai of Purushottam Chavan, land parcels in Lonavala and Khandala of Rajesh Brijlal …

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala
5 months, 1 week 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 Rupees crores of Bihar govt’s ex-officer in disproportionate assets case
5 months, 1 week ago

ED attaches assets worth Rupees crores of Bihar govt’s ex-officer in disproportionate assets case

India TV News  

The Enforcement Directorate on Thursday attached assets valued at Rs 2.50 crore in Patna in relation to a disproportionate assets case under the Prevention of Money Laundering Act. "ED, Patna has provisionally attached immovable and movable properties worth Rs 2.50 crore under PMLA, 2002 in the disproportionate assets case of Smt. Earlier in the day, ED informed it has seized …

Hyderabad CCS Police freeze assets in DFI fraud case
5 months, 2 weeks ago

Hyderabad CCS Police freeze assets in DFI fraud case

The Hindu  

Hyderabad’s Central Crime Station police, probing the ₹500-crore fraud by Dhanwantari Foundation International Trust and its director Dr. P. Kamalakar Sharma, said that they froze about 30 bank accounts of the trust and floated companies. The case was registered in December 2023, where DFI was accused of cheating over 4,000 victims, primarily senior citizens from the Brahmin community, to the …

ED attaches assets worth over ₹27 crore in cheating case
5 months, 3 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 …

‘Kavitha paid ₹100 crore kickback to AAP, deleted evidence from her phone': ED chargesheet
6 months, 2 weeks ago

‘Kavitha paid ₹100 crore kickback to AAP, deleted evidence from her phone': ED chargesheet

Hindustan Times  

Bharat Rashtra Samithi leader K Kavitha was involved in proceeds of crime worth nearly ₹300 crore out of ₹1,100 crore laundered in the Delhi excise policy scam, the Enforcement Directorate alleged on Monday. According to the ED, Kavitha allegedly participated in the generation, acquisition and use of proceeds of crime worth ₹192.80 crore through conspiracy and an accused company named …

ED attaches ₹291.18 crore assets in International Recreation and Amusement Ltd. case
6 months, 3 weeks ago

ED attaches ₹291.18 crore assets in International Recreation and Amusement Ltd. case

The Hindu  

The Enforcement Directorate has provisionally attached immovable properties worth ₹291.18 crore belonging to International Amusement Limited in connection with a case alleging that about 1,500 investors in an affordable housing scheme were cheated of over ₹400 crore. The assets are held by International Amusement in Entertainment City Limited in the form of unsold commercial space of more than 3.93 lakh …

Chhattisgarh liquor scam case: ED attaches properties worth ₹205 crore
7 months, 2 weeks ago

Chhattisgarh liquor scam case: ED attaches properties worth ₹205 crore

The Hindu  

The Directorate of Enforcement on Friday stated that it has provisionally attached properties worth approximately ₹205.49 crore in the ongoing investigation of liquor scam in Chhattisgarh. The action follows the registration of a fresh ECIR in connection with the liquor scam which, according to ED’s claim, cost the State exchequer ₹2,161 crores during the tenure of the previous Congress government. …

Bank fraud case: ED attaches shares worth ₹81cr owned by Ludhiana textile firm
8 months ago

Bank fraud case: ED attaches shares worth ₹81cr owned by Ludhiana textile firm

Hindustan Times  

Jalandhar : The Enforcement Directorate on Thursday provisionally attached moveable assets in the form of shares worth ₹81.03 crore owned by Ludhiana-based SEL Textiles Limited in a bank fraud case. The Enforcement Directorate on Thursday provisionally attached moveable assets in the form of shares worth ₹ 81.03 crore owned by Ludhiana-based SEL Textiles Limited in a bank fraud case. The …

ED attaches properties worth ₹97.79 crore belonging to Raj Kundra under PMLA
8 months 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 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 Assets Worth Rs 1.17 cr in Money Laundering Case
8 months, 2 weeks ago

ED Attaches Assets Worth Rs 1.17 cr in Money Laundering Case

Deccan Chronicle  

HYDERABAD: The Directorate of Enforcement officials in Hyderabad have attached assets worth Rs 1.17 crore under the provisions of the Prevention of Money Laundering Act, 2002. According to officials, ED has attached various immovable properties amounting to Rs 94.44 lakh and movable properties amounting to Rs 23.20 lakh in the form of bank balances belonging to Molugu Vijai Kumar and …

ED attaches ₹433-crore assets in money laundering case linked to Bitconnect Coin
8 months, 3 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 Attaches Rs 32 Crore in Part Time job Fraud Case
8 months, 3 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 …

AgustaWestland case: ED attaches ₹16.57-crore assets of businessman Shravan Gupta
9 months ago

AgustaWestland case: ED attaches ₹16.57-crore assets of businessman Shravan Gupta

The Hindu  

The Enforcement Directorate has provisionally attached immovable properties worth ₹16.57 crore belonging to businessman Shravan Gupta, who is an accused in the ₹3,700-crore AgustaWestland VVIP chopper deal bribery case. On Monday, the agency alleged that Mr. Gupta, who is a former managing director of Emmar MGF, had received “proceeds of crime” in the companies named Natille Overseas Inc, Switzerland; Timekeeper …

ED attaches ₹16.57 cr of businessman Shravan Gupta in VVIP chopper scam
9 months ago

ED attaches ₹16.57 cr of businessman Shravan Gupta in VVIP chopper scam

Hindustan Times  

New Delhi: The Enforcement Directorate has attached properties worth ₹16.57 crore belonging to businessman Shravan Gupta in its probe into the VVIP chopper scam, alleging that managing director of the realty firm, MGF, had received proceeds of crime in the ₹3,727 crore deal, the agency said on Monday. “ED has provisionally attached immovable properties worth ₹16.57 crore belonging to Shravan …

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

‘Khichdi’ scam | ED attaches properties of Shiv Sena (UBT) functionary Suraj Chavan
9 months ago

‘Khichdi’ scam | ED attaches properties of Shiv Sena (UBT) functionary Suraj Chavan

The Hindu  

The Enforcement Directorate on Saturday said that their officials from the Mumbai zonal office have provisionally attached immovable properties worth ₹88.51 lakh of Shiv Sena functionary Suraj Chavan under the provisions of Prevention of Money Laundering Act, 2002 in BMC ‘khichdi’ case. The ED initiated the investigation on the basis of a First Information Report registered by Agripada Police Station, …

ED files chargesheet against Sena (UBT) functionary Suraj Chavan in khichdi ‘scam’
9 months, 1 week ago

ED files chargesheet against Sena (UBT) functionary Suraj Chavan in khichdi ‘scam’

Hindustan Times  

MUMBAI: The Enforcement Directorate has submitted its chargesheet against Suraj Chavan, a Shiv Sena functionary who is perceived to be close to a senior party leader, for his alleged role in the money-laundering case related to an alleged ₹6.37 crore scam pertaining to distribution of khichdi by the civic body among migrant workers during the Covid-19 pandemic. The ED probe …

ED issues provisional attachment order under PML act on assets worth ₹ 37.50 Crore
9 months, 1 week ago

ED issues provisional attachment order under PML act on assets worth ₹ 37.50 Crore

The Hindu  

The Directorate of Enforcement, Mumbai Zonal Office on March 13, issued a Provisional Attachment Order under the provisions of the Prevention of Money Laundering Act, 2002, attaching overseas assets worth ₹37.50 crore. As per the release issued by ED officials, the assets belong to a person named Vinod Khute, owner of VIPS Group of Companies and M/s Global Affiliate Business …

ED Attaches ₹10.29 crores of TMC
9 months, 1 week ago

ED Attaches ₹10.29 crores of TMC

Deccan Chronicle  

The ED also found that Alchemist Airways Pvt Ltd had paid the same amount for the air travels of chief minister Mamata Banerjee and three more Trinamul Congress leaders during their Lok Sabha Election campaign in 2014. 10.29 Crore of All India Trinamool Congress party in the form of a Demand Draft tendered by it during the investigation into the …

ED attaches assets worth ₹12.78 crore in probe against Sheikh Shahjahan
9 months, 2 weeks ago

ED attaches assets worth ₹12.78 crore in probe against Sheikh Shahjahan

Hindustan Times  

The Enforcement Directorate has attached assets worth ₹12.78 crore in its money laundering probe against Trinamool Congress leader Sheikh Shahjahan, who was arrested on Thursday after being on the run for almost 50 days. The agency in a statement on Tuesday said its probe under the Prevention of Money Laundering Act has revealed that proceeds of crime acquired by Sheikh …

ED attaches Amritsar firms’ properties worth ₹27 crore in bank fraud case
9 months, 3 weeks ago

ED attaches Amritsar firms’ properties worth ₹27 crore in bank fraud case

Hindustan Times  

The Enforcement Directorate has provisionally attached immovable properties in the form of land, plant and machinery worth ₹27.54 crore of Amritsar-based firms in connection with bank fraud cases. An ED spokesperson in a press release issued on Thursday said the properties belong to Snehal Enterprises, Viroo Mal Mulakh Raj Jain Rice Mills Pvt Ltd and some individuals, Nitin Jain, Neetu …

ED attaches ₹2 crore assets in bank fraud case
10 months, 2 weeks ago

ED attaches ₹2 crore assets in bank fraud case

Hindustan Times  

: Enforcement Directorate on Wednesday provisionally attached two immovable properties worth ₹2.15 crore belonging to a stakeholder of a private firm under the provisions of Prevention of Money Laundering Act, 2002 in a bank fraud case. HT Image The firm allegedly misappropriated a nationalised bank’s funds causing it to suffer financial losses. They further informed that ED initiated investigation on …

ED gets 3-day custody of top Vivo India execs
11 months, 4 weeks ago

ED gets 3-day custody of top Vivo India execs

Live Mint  

Vivo India’s interim chief executive officer Hong Xuquan, chief financial officer Harinder Dahiya and consultant Hemant Munjal were arrested by Enforcement Directorate on charges of money laundering and remanded to custody by a sessions judge in Patiala House Court for three days. The high-profile arrests follow the arrests of four industry executives in October, including Lava International managing director Hari …

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

ED attaches properties worth ₹751 crore in National Herald probe
1 year, 1 month ago

ED attaches properties worth ₹751 crore in National Herald probe

Hindustan Times  

New Delhi: The Enforcement Directorate has attached assets worth ₹751 crore belonging to Associated Journals Limited and Young Indian in its money laundering probe into the affairs of Congress-run National Herald newspaper, the agency said on Tuesday. While immovable properties worth ₹661 crore belonging to AJL have been attached in Delhi, Mumbai and Lucknow, YI’s proceeds of crime have been …

ED attaches property worth ₹72 crore of U.P. ex-MLA Vinay Shankar Tiwari, his kin
1 year, 1 month ago

ED attaches property worth ₹72 crore of U.P. ex-MLA Vinay Shankar Tiwari, his kin

Hindustan Times  

The Enforcement Directorate has attached 27 immovable properties worth ₹72.08 crore in Lucknow, Maharajganj and Gorakhpur districts belonging to accused promoters, directors and guarantors of M/s Gangotri Enterprises Ltd under the provisions of the Prevention of Money Laundering Act, 2002, ED officials confirmed here on Friday. cabinet minister Hari Shankar Tiwari’s son and former MLA from Gorakhpur’s Chillupar seat Vinay …

ED attaches assets worth ₹134 crore in Karvy group scam
1 year, 1 month ago

ED attaches assets worth ₹134 crore in Karvy group scam

The Hindu  

The officials from the Directorate of Enforcement provisionally attached under the Prevention of Money Laundering Act-2002 assets worth ₹134.02 crore in the form of 1,000 Non-Convertible Redeemable Preference Shares of KFin Technologies Ltd.. The shares were held in the name of Adhiraj Parthasarathy, son of C. Parthasarathy, the CMD of Karvy Stock Broking Ltd.. ED had initiated a probe following …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 1 month ago

ED attaches DHFL promoters’ assets worth ₹70 cr

Hindustan Times  

The Enforcement Directorate has provisionally attached assets worth ₹70.39 crore belonging to the former promoters of Dewan Housing Finance Limited, Kapil Wadhawan and Dheeraj Wadhawan. HT Image The attached assets are in the form of paintings and sculpture worth ₹28.58 crore, watches worth ₹5 crore, diamond jewellery worth ₹10.71 crore, 20% stake in a helicopter worth ₹9 crore and two …

ED attaches assets worth over Rs 315 crore in money laundering case against former Maharashtra NCP MP
1 year, 2 months ago

ED attaches assets worth over Rs 315 crore in money laundering case against former Maharashtra NCP MP

India TV News  

The Enforcement Directorate on Sunday said that it has attached land and other items worth over Rs 315 crore as part of an alleged bank fraud in connection with money laundering probe against a former NCP MP from Maharashtra, his family and businesses. Ishwarlal Shankarlal Jain Lalwani, the former Rajya Sabha Member of Parliament from the Nationalist Congress Party, is …

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