ED Mumbai arrests former director of private firm in money laundering case
5 months ago

ED Mumbai arrests former director of private firm in money laundering case

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office has arrested Purushottam Chhaganlal Mandhana, former Chairman and Managing Director of M/s Mandhana Industries Limited, on July 18 under the provisions of Prevention of Money Laundering Act, 2002 against MIL and others in a case of bank fraud. The agency initiated an investigation on the basis of FIR registered by CBI, BS & FB, Mumbai against MIL, Purushottam Mandhana, Manish Mandhana, Biharilal Mandhana and others based on a complaint filed by Bank of Baroda for defrauding consortium of banks to the tune of ₹975.08 Crore, ED officials said in a press statement. But the ED investigation revealed that Purushottam Mandhana has hatched a criminal conspiracy along with other directors of the company and caused a wrongful loss to the banks for personal enrichment,” an ED official said. As per the ED’s report, Purushottam Mandhana had an ulterior motive and incorporated numerous fictitious entities in the name of his employees and he used such entities for layering of funds of MIL including the loan funds.

Mumbai Mandhana Mil Purushottam Mandhana  entities  mil  mandhana  director  mumbai  including  purushottam  laundering  money  investigation  banks  funds  arrests  ed  case  firm  loan  private

History of this topic

Raj Kundra summoned by ED in money laundering probe linked to pornography case
3 weeks, 2 days ago

Raj Kundra summoned by ED in money laundering probe linked to pornography case

India TV News  

The Enforcement Directorate has summoned Bollywood actor Shilpa Shetty's husband and businessman Raj Kundra to investigate a pornographic allegation. This comes two days after the ED raided various premises associated with Kundra as part of a money laundering investigation into the production and distribution of pornographic content. Earlier this year, Raj Kundra came under the attention of the ED, which …

ED raids Raj Kundra, others in 'pornographic' films linked money laundering case
3 weeks, 4 days 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
3 weeks, 6 days 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. …

Accused in 125cr suspicious banking transactions remanded to ED custody
1 month ago

Accused in 125cr suspicious banking transactions remanded to ED custody

Hindustan Times  

MUMBAI: A special Prevention of Money Laundering Act court sent 33-year-old Gujarat resident, Akram Mohammad Shafi, who was arrested by the Enforcement Directorate on Wednesday in connection with a money-laundering probe of banking transactions worth ₹125 crore, to seven days ED custody. Accused in 125cr suspicious banking transactions remanded to ED custody ED’s investigation stems from a police probe against …

ED's money laundering probe leads to raids across Maharashtra and Gujarat
1 month, 1 week 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
1 month, 1 week 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
1 month, 1 week 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 …

Bihar IAS Officer Sanjeev Hans Arrested in Money Laundering Case
2 months ago

Bihar IAS Officer Sanjeev Hans Arrested in Money Laundering Case

Hindustan Times  

Bihar IAS officer Sanjeev Hans and former Rashtriya Janata Dal (RJD) MLA Gulab Yadav have been arrested in a money laundering case by the Enforcement Directorate (ED). Hans was arrested from his official residence in Patna, while Yadav was detained in Delhi under provisions of the Prevention of Money Laundering Act (PMLA).

Bihar IAS Officer and Former MLA Arrested in Money Laundering Case
2 months ago

Bihar IAS Officer and Former MLA Arrested in Money Laundering Case

Hindustan Times  

Bihar IAS officer Sanjeev Hans and former Rashtriya Janata Dal (RJD) MLA Gulab Yadav have been arrested in a money laundering case by the Enforcement Directorate (ED). Hans was arrested from his official residence in Patna, while Yadav was detained in Delhi under provisions of the Prevention of Money Laundering Act (PMLA).

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 …

PMLA court remands Priyavrat Mandhana to ED custody in ₹975 cr loan fraud
4 months, 3 weeks ago

PMLA court remands Priyavrat Mandhana to ED custody in ₹975 cr loan fraud

Hindustan Times  

MUMBAI: A special PMLA court on Tuesday remanded Priyavarat Purshottam Mandhana, booked in connection with the ₹975 crore bank loan fraud case against the Mandhana Industries Limited, to Enforcement Directorate custody till August 2. HT Image The bank loan fraud case came to light based on the complaint filed by Bank of Baroda in Mumbai against MIL, a liquidated textile …

ED makes fresh arrest in Rajasthan's Jal Jeevan Mission case
5 months, 1 week ago

ED makes fresh arrest in Rajasthan's Jal Jeevan Mission case

Deccan Chronicle  

Jaipur: The Enforcement Directorate has made a fresh arrest in connection with its money laundering investigation into alleged irregularities in the Jal Jeevan Mission scheme being implemented in Rajasthan, officials said on Wednesday. The central government's Jal Jeevan Mission aims to provide safe and adequate drinking water through household tap connections and is being implemented in Rajasthan by the state's …

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case
6 months, 1 week ago

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case

India TV News  

The Enforcement Directorate has made a new arrest in its ongoing money laundering investigation concerning alleged irregularities in the Jal Jeevan Mission scheme in Rajasthan, official sources reported on Friday. About the case It is pertinent to note that the money laundering case originally stems after the anti-corruption bureau registered an FIR citing that Padamchand Jain, Mahesh Mittal, Piyush Jain, …

Mumbai: Enforcement Directorate makes another arrest in ₹263 crore tax refund fraud case
7 months ago

Mumbai: Enforcement Directorate makes another arrest in ₹263 crore tax refund fraud case

Live Mint  

The Enforcement Directorate has arrested another person, in connection with a ₹263 crore income tax refund fraud and money laundering case. The case involves the alleged fraudulent generation and issuance of Tax Deducted at Source refunds totalling ₹263.95 crore by the Income-tax department. The ED previously arrested Tanaji Mandal Adhikari, Bhushan Patil, Rajesh Shetty, and Rajesh Brijlal Batreja, who are …

Day after nine-hour grilling, ED arrests Jharkhand minister Alamgir Alam in case linked to 'tender scam'
7 months, 1 week ago

Day after nine-hour grilling, ED arrests Jharkhand minister Alamgir Alam in case linked to 'tender scam'

New Indian Express  

RANCHI: The Enforcement Directorate on Wednesday arrested Jharkhand Rural Development Minister Alamgir Alam in a money laundering case linked to a multi-crore tender scam, days after a massive cash seizure from premises linked to his aide, officials said. The money laundering investigation pertains to alleged irregularities and payment of “bribes” in the state rural development department against awarding tenders. On …

Jharkhand tender scam: ED quizzes Rural Development Minister Alamgir Alam for over 9 hours
7 months, 1 week ago

Jharkhand tender scam: ED quizzes Rural Development Minister Alamgir Alam for over 9 hours

New Indian Express  

RANCHI:The Enforcement Directorate on Tuesday interrogated Jharkhand Minister Alamgir Alam for over 9 hours in a money laundering case linked to illegal managing of tenders in Rural Development Department. Earlier, the ED sleuths entered the Rural Development Ministry office in Ranchi and searched the files following the cash haul of Rs 35.23 crore from the residence of Jahangir Alam. During …

ED arrests Jharkhand minister’s secretary, domestic help after cash recovery
7 months, 2 weeks ago

ED arrests Jharkhand minister’s secretary, domestic help after cash recovery

Hindustan Times  

The Enforcement Directorate has arrested Jharkhand rural development minister Alamgir Alam’s personal secretary, Sanjiv Lal, and a domestic help after allegedly recovering over ₹35 crore cash during raids in connection with a money laundering probe, people aware with the matter said on Tuesday. In February 2023, Virendra Ram, a former Jharkhand rural development department chief engineer, was arrested for allegedly …

ED attaches assets of Sanjay Raut’s ‘aide’ in Mumbai’s Patra Chawl redevelopment case
7 months, 4 weeks ago

ED attaches assets of Sanjay Raut’s ‘aide’ in Mumbai’s Patra Chawl redevelopment case

The Hindu  

The Enforcement Directorate has attached land parcels worth more than ₹73 crore of Pravin Raut, an alleged aide of Shiv Sena MP Sanjay Raut, and some others in connection with its money laundering probe linked to reported irregularities in the redevelopment of Mumbai’s Patra Chawl, officials said on Wednesday. The redevelopment of the Patra Chawl Project in Goregaon was given …

ED files first chargesheet in Delhi Jal Board money-laundering case
8 months, 3 weeks ago

ED files first chargesheet in Delhi Jal Board money-laundering case

New Indian Express  

NEW DELHI: The Enforcement Directorate has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board, official sources said on Saturday. Four individuals and a company have been named as the accused in the chargesheet -- former DJB chief engineer Jagdish Kumar Arora, contractor Anil Kumar Agarwal, former NBCC general manager …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months, 1 week 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 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 arrests Jet Airways founder Naresh Goyal in bank fraud case
1 year, 3 months ago

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said. The money laundering case stems from an FIR of the Central Bureau of Investigation against Jet Airways, Goyal, his wife Anita and some former company …

ED attaches suspended IAS officer Pooja Singhal's property worth Rs 82 crore in MGNREGA scam
1 year, 7 months ago

ED attaches suspended IAS officer Pooja Singhal's property worth Rs 82 crore in MGNREGA scam

India Today  

The Enforcement Directorate has provisionally attached immovable properties worth Rs 82.77 crore belonging to suspended IAS officer Pooja Singhal and others in Ranchi, Jharkhand on December 1, 2022, in connection with the MGNREGA scam, the Adjudicating Authority confirmed. The properties include one Super Speciality Hospital namely Pulse Super Speciality Hospital, one diagnostics centre namely Pulse Diagnostic and Imaging Centre, plant …

ED arrests two accused in Chhattisgarh ‘liquor scam’ case
1 year, 7 months ago

ED arrests two accused in Chhattisgarh ‘liquor scam’ case

The Hindu  

The Enforcement Directorate has arrested two persons and seized movable assets worth ₹28 crore in connection with the ‘liquor scam’ in Chhattisgarh, said the agency on Thursday. The agency had taken them into custody and got the remand of main accused Anwar Dhebar extended, for recording their statements under the Prevention of Money Laundering Act. As alleged by the ED, …

ED alleges ₹2,000 crore liquor scam in Chhattisgarh; says money used for electioneering after arresting Congress mayor’s brother
1 year, 7 months ago

ED alleges ₹2,000 crore liquor scam in Chhattisgarh; says money used for electioneering after arresting Congress mayor’s brother

The Hindu  

The Enforcement Directorate on Saturday told a court that more than ₹2,000 crore of corruption money had been generated by a syndicate “comprising high-level State government officials, private persons and Political Executives of the State government” through an alleged liquor scam in Chhattisgarh. Moving the remand application of Anwar Dhebar, a brother of Raipur mayor Aijaz Dhebar who was arrested …

Land deal scam: ED arrests Jharkhand IAS officer Chhavi Ranjan after day-long grilling
1 year, 7 months ago

Land deal scam: ED arrests Jharkhand IAS officer Chhavi Ranjan after day-long grilling

India TV News  

Land deal scam: After a day-long grilling, Enforcement Directorate on Thursday arrested Jharkhand IAS officer Chhavi Ranjan. The 2011 batch officer has been arrested for his involvement in alleged land deals and has been taken into ED custody. Earlier on April 24, ED had grilled Ranjan for about 10 hours in connection with its money laundering investigation into alleged illegal …

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case
1 year, 9 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 files chargesheet against Jammu group, promoters in bank loan fraud
2 years, 1 month ago

ED files chargesheet against Jammu group, promoters in bank loan fraud

India TV News  

The Enforcement Directorate official said on Monday that a chargesheet under the Anti-Money Laundering Law has been filed against the promoters of a Jammu-based business group in a case linked to an alleged bank loan fraud involving an amount of more than Rs 91 crore. Raj Kumar Gupta, Radhika Mahajan, Rajat Mahajan, Jhelum Industries, Jhelum Infra Projects India Private Limited, …

Court takes cognisance of PMLA charges against Delhi Minister
2 years, 4 months ago

Court takes cognisance of PMLA charges against Delhi Minister

The Hindu  

A Delhi court on Friday took cognisance of the prosecution complaint filed by Enforcement Directorate against Delhi Minister Satyendar Jain, which alleged that he had laundered proceeds of crime worth ₹4.81 crore between 2015 and 2017. While taking cognisance of offences under Section 3 read with Section 4 of the Prevention of Money Laundering Act, Special CBI judge Geetanjali Goel …

Partha Chatterjee says ’being framed’; ED probing firms linked to Arpita: 10 pts
2 years, 4 months ago

Partha Chatterjee says ’being framed’; ED probing firms linked to Arpita: 10 pts

Live Mint  

Day after he was stripped of all posts in the Trinamool Congress and relieved of ministerial duties, Partha Chatterjee on Friday said that he was a victim of a conspiracy hatched against him. - The probe agency is reportedly investigating three firms linked to the former Bengal minister Partha Chatterjee's aide. The probe agency has reportedly recovered around ₹50 crore …

ED seizes ₹11.88 crore from Jharkhand CM Soren’s aide Pankaj Mishra, others
2 years, 5 months ago

ED seizes ₹11.88 crore from Jharkhand CM Soren’s aide Pankaj Mishra, others

The Hindu  

The Enforcement Directorate on Friday said it has seized ₹11.88 crore of cash kept in bank accounts of Pankaj Mishra, the political representative of Jharkhand Chief Minister Hemant Soren, and others as part of a money laundering investigation into alleged illegal mining in the State. "Cash amounting to Rs 11.88 crore lying in 37 bank accounts belonging to Pankaj Mishra, …

Jharkhand tender scam: ED raids 18 locations linked to CM’s MLA representative
2 years, 5 months ago

Jharkhand tender scam: ED raids 18 locations linked to CM’s MLA representative

Live Mint  

The Enforcement Directorate on Friday conducted raids at multiple locations in Jharkhand that were linked to Pankaj Mishra, known to be a close aide of Chief Minister Hemant Soren and also an MLA representative for Sahibganj constituency, news agency ANI report said. The Enforcement Directorate raids were carried out in connection with a tender scam at 18 locations, including Sahibganj, …

ED arrests 2 businessmen in money laundering case against Satyendar Jain
2 years, 5 months ago

ED arrests 2 businessmen in money laundering case against Satyendar Jain

Live Mint  

The Enforcement Directorate has arrested two businessmen, Vaibhav Jain and Ankush Jain, in connection with the money laundering probe against Delhi minister Satyendar Jain, officials said on Friday. It had claimed to have seized "unexplained" cash worth ₹2.85 crore and 133 gold coins after the first round of raids conducted on June 6 against Satyendar Jain's family and others. In …

ED arrests director of Mantri Developers in money laundering case
2 years, 5 months ago

ED arrests director of Mantri Developers in money laundering case

The Hindu  

The Directorate of Enforcement arrested Sushil P. Mantri, director of the Mantri Developers Pvt. The ED initiated the money laundering investigation in March 2022 on the basis of an FIR registered in Subramanyapura police station, Bengaluru in 2020 against the company and its directors and many other employees. Many home buyers had filed complaints with the police as well as …

J'khand: ED takes IAS Pooja Singhal's CA on remand for 5 days in money laundering case
2 years, 7 months ago

J'khand: ED takes IAS Pooja Singhal's CA on remand for 5 days in money laundering case

India Today  

The Enforcement Directorate has taken Jharkhand mining secretary and IAS Pooja Singhal's chartered accountant on remand for five days in a case under the Prevention of Money Laundering Act. The ED also recorded IAS Pooja Singhjal’s statement on Saturday after the agency seized over Rs 19 crore and documents linking her with the CM from two of her close aides. …

ED raids locations in Jharkhand MGNREGA funds fraud PMLA case
2 years, 7 months ago

ED raids locations in Jharkhand MGNREGA funds fraud PMLA case

India TV News  

Highlights Searches were carried out at 18 premises in Jharkhand, Bihar and West Bengal Premises of IAS officer and Jharkhand mining secretary Pooja Singhal were covered as part of action ED took cognisance of 16 FIRs and charge sheets filed by the Jharkhand vigilance bureau The ED on Thursday conducted raids at multiple premises, including that of Jharkhand mining secretary …

ED arrests managing director of Hyderabad-based firm in Rs 402 crore money laundering case
2 years, 11 months ago

ED arrests managing director of Hyderabad-based firm in Rs 402 crore money laundering case

India Today  

The Enforcement Directorate has arrested Avasarala Venkateswara Rao, the promoter and managing director of Hyderabad-based Servomax India Private Limited, under the Prevention of Money Laundering Act in a bank fraud case of Rs 402 crore. According to the ED, SIPL had taken loans from a consortium of banks when Avasarala Venkateswara Rao was the promoter and key managerial person in …

ED attaches assets worth Rs 36 crore of Kerala man in cryptocurrency scam
2 years, 11 months ago

ED attaches assets worth Rs 36 crore of Kerala man in cryptocurrency scam

India Today  

The Enforcement Directorate has attached assets worth Rs 36.72 crore of a Kerala man in connection with a case involving cryptocurrency dealings under the Prevention of Money Laundering Act, officials said on Monday. The attached assets belong to 31-year-old Nishad K who allegedly cheated hundreds of people along with his associates to the tune of Rs 1,200 crore. The attached …

Ex-Maharashtra home minister Anil Deshmukh arrested by ED in money laundering case after over 12 hours questioning
3 years, 1 month ago

Ex-Maharashtra home minister Anil Deshmukh arrested by ED in money laundering case after over 12 hours questioning

Firstpost  

The case against the former Maharashtra home minister was made out after the CBI booked him in a corruption case related to allegations of at least Rs 100 crore bribery made by former Mumbai Police commissioner Parambir Singh Mumbai: Former Maharashtra home minister Anil Deshmukh was arrested by the Enforcement Directorate late Monday night after over 12 hours of questioning …

ED arrests PISL managing director in ₹3,316-crore bank fraud case
3 years, 4 months ago

ED arrests PISL managing director in ₹3,316-crore bank fraud case

The Hindu  

The Enforcement Directorate has arrested the managing director of Prithvi Information Solutions Limited for allegedly causing a loss of ₹3,316 crore to a consortium of public sector banks. Vuppalapati Satish Kumar has been accused of money laundering in connivance with his sister, Hima Bindu B, who is the managing director of VMC Systems Limited. Mr. Kumar, through PISL and Ennar …

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case
3 years, 5 months ago

Bank Fraud: ED Arrests Shakti Bhog CMD in Money Laundering Case

News 18  

The ED on Monday said it has arrested Kewal Krishan Kumar, chairman and managing director of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud. Kumar was arrested on Sunday here and later produced before a special Prevention of Money Laundering Act court that sent him to ED custody till July …

ED arrests absconding accused in Jharkhand ponzi fraud case
3 years, 6 months ago

ED arrests absconding accused in Jharkhand ponzi fraud case

India Today  

An alleged Jharkhand ponzi case fraud accused has been arrested by the Enforcement Directorate from West Bengal under the anti-money laundering law, the central agency said on Monday. Sinha, it said, is an accused in an alleged ponzi or chit fund fraud case that took place in Jharkhand sometime back and the ED had filed a charge sheet against him …

2 executives of Omkar Relators sent to ED custody in money laundering case
3 years, 10 months ago

2 executives of Omkar Relators sent to ED custody in money laundering case

India Today  

A special court in Mumbai on Thursday sent the chairman and the managing director of Mumbai-based Omkar Realtors and Developers - Babulal Varma and Kamal Kishore Gupta - to the ED custody till January 30, a day after they were arrested in a money laundering case. The ED money laundering case against them has been filed after studying an FIR …

ED arrests two in PMC Bank fraud case
3 years, 11 months ago

ED arrests two in PMC Bank fraud case

The Hindu  

The Enforcement Directorate has arrested two people following raids on the premises of a firm promoted by a Maharashtra MLA for alleged “illegal diversion of bank funds” in the Rs 4,300-crore PMC Bank fraud and money laundering case, official sources said on Saturday. On Friday, the agency searched five residential and business premises linked to the Viva Group, promoted by …

Bank Fraud: ED Says Accused Who Defrauded IOB Paid Managers' Flight, Hotel Bills
4 years ago

Bank Fraud: ED Says Accused Who Defrauded IOB Paid Managers' Flight, Hotel Bills

News 18  

Probing a Rs 299-crore Indian Overseas Bank loan fraud case, similar to the alleged USD 2 billion worth PNB swindle, the Enforcement Directorate has found that the accused “paid” for the air travel and hotel stay of a senior bank manager and his family as kickbacks. The central probe agency said “lapses” were also detected on the part of at …

ED arrests former MD of Tops Grup in Rs 175 crore money laundering case
4 years ago

ED arrests former MD of Tops Grup in Rs 175 crore money laundering case

India Today  

The Enforcement Directorate has made a second arrest in the alleged Rs 175 crore money laundering case related to security firm Tops Grup. According to former Tops Grup director Ramesh Iyer, Sarnaik was collecting his share for MMRDA contract through Amit Chandole and Sanket More. In his statement to ED, Iyer has said that Rahul Nanda, promoter of Tops Grup, …

Bank Fraud Case: ED Raids Ahmedabad-based True Value Group, Seizes Rs 6 Crore
4 years, 1 month ago

Bank Fraud Case: ED Raids Ahmedabad-based True Value Group, Seizes Rs 6 Crore

News 18  

The Enforcement Directorate on Saturday said it has carried out searches at six locations belonging to an Ahmedabad-based True Value group and another firm and seized around Rs 6 crore in connection with a bank fraud case. The agency carried out searches at the residential and office premises of the firm True Value Group and another Vipul and Manish Associates …

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