ED attaches properties in bank fraud case of Transstroy India Limited
2 months, 3 weeks ago

ED attaches properties in bank fraud case of Transstroy India Limited

Deccan Chronicle  

Hyderabad: The Hyderabad zonal unit of Directorate of Enforcement has provisionally attached immovable properties in the form of land parcels and residential premises worth Rs.48.71 crore under the provisions of the Prevention of Money Laundering Act -2002 in a bank fraud case being investigated against Transstroy India Limited and others. The ED investigation revealed that TIL and its directors and promoters, by showing fictitious high turnover with the help of bogus sales and purchase transactions with its own associated entities and shell entities, availed credit facilities from time to time and diverted the funds fraudulently by way of opening accommodated LCs which led to the devolvement of the LCs, and caused loss to the extent of Rs. Investigation revealed that the directors or promoters of TIL, floated several shell entities and appointed their employees as namesake and dummy directors in such entities which were used for diversion and layering the proceeds of crime. It was also revealed that immovable properties acquired out of proceeds of crime were gifted and transferred to family members with intent to prevent their attachment by the law enforcement agencies The attached properties include land parcels gifted and transferred by one of the directors to his family members as well as residential premises of an entry provider who was involved in the diversion of funds on commission basis.

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History of this topic

ED conducts searches across four States in SDPI case
10 hours, 45 minutes 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 properties worth ₹1.76 crore in Punjab National Bank case in U.P.
1 day, 13 hours ago

ED attaches properties worth ₹1.76 crore in Punjab National Bank case in U.P.

The Hindu  

The Allahabad Sub Zonal Office of the Enforcement Directorate has provisionally attached six immovable properties worth ₹1.76 crore in connection with its probe into the Punjab National Bank scam, Vikas Bhawan, Gorakhpur case under the provisions of the Prevention of Money Laundering Act. The probe body started the investigation on a First Information Report registered by the Anti-Corruption Branch of …

ED attaches ₹51.29 lakh in Hyderabad Cricket Association fund misuse case
1 day, 16 hours ago

ED attaches ₹51.29 lakh in Hyderabad Cricket Association fund misuse case

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office has provisionally attached immovable property worth ₹51.29 lakh on March 18 in the case of misappropriation of funds of Hyderabad Cricket Association by its office bearers. ED investigation revealed that the office bearers of HCA gave contracts for supply of cricket balls, bucket chairs and gym equipment to M/s Sara Sports, M/s Excellent …

SC asks CBI stand on plea to probe 'fraud' by Kolkata's SREI group
Trending News
1 day, 16 hours ago

SC asks CBI stand on plea to probe 'fraud' by Kolkata's SREI group

Hindustan Times  

New Delhi, The Supreme Court on Wednesday sought the CBI's stand on a plea seeking a probe into the alleged financial fraud committed by Kolkata-based SREI Group. SC asks CBI stand on plea to probe 'fraud' by Kolkata's SREI group A bench comprising Chief Justice Sanjiv Khanna and Justice Sanjay Kumar took note of the submissions of advocate Prashant Bhushan, …

New India bank fraud: EOW to again seek custody of 2 key accused
Trending News
2 days, 3 hours ago

New India bank fraud: EOW to again seek custody of 2 key accused

Hindustan Times  

MUMBAI: The Economic Offences Wing of Mumbai police will again seek custody of former general manager of New India Cooperative Bank Hitesh Mehta and builder Dharmesh Paun in connection with the alleged embezzlement of ₹122-crore from the bank’s cash vaults. Hitesh Mehta, an employee of the bank since 1988, met RBI officials and confessed that he had been siphoning off …

ED orders transfer of ₹52.31 crore assets to Aryarup scam victims
5 days, 3 hours ago

ED orders transfer of ₹52.31 crore assets to Aryarup scam victims

Hindustan Times  

MUMBAI: The Enforcement Directorate on Friday handed over movable and immovable assets worth ₹52.31 crore to the Competent Authority under the Maharashtra Protection of Interests of Depositors Act, 1999. ED orders transfer of ₹ 52.31 crore assets to Aryarup scam victims According to ED investigations, Aryarup promoters, along with its associates, lured investors with promises of high returns but ultimately …

ED orders transfer of Rs 52.31 crore assets to Aryarup scam victims
6 days, 4 hours ago

ED orders transfer of Rs 52.31 crore assets to Aryarup scam victims

India Today  

The Directorate of Enforcement has restituted movable and immovable properties worth Rs 52.31 crore to the Competent Authority under the Maharashtra Protection of Interests of Depositors Act, 1999, appointed by the Government of Maharashtra in the case of Aryarup Tourism and Club Resort Pvt Ltd. ED investigations revealed that Aryarup Tourism and its associates launched various investment schemes, promising high …

ED attaches assets worth ₹1.90 lakh in Hyderabad human trafficking rackets operated by Bangladeshi nationals
6 days, 21 hours 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 …

ED facilitates restitution of ₹13.58-crore assets in “illegal” overseas remittance case
Trending News
1 week, 4 days ago

ED facilitates restitution of ₹13.58-crore assets in “illegal” overseas remittance case

The Hindu  

The Enforcement Directorate has facilitated restitution of assets worth ₹13.58 crore to the victims of money laundering and rightful claimants in the “fake imports” case involving “illegal” overseas remittance of about ₹3,200 crore. “The ED probe revealed that huge amounts were remitted to various companies based in Hong Kong, SAR, China and Dubai, in connivance with several ‘hawala’ operators and …

ED attaches assets of former Revenue official
1 week, 5 days ago

ED attaches assets of former Revenue official

The Hindu  

The Enforcement Directorate has provisionally attached assets worth ₹1.43 crore belonging to Saji John, a former village assistant in the Revenue department, after a probe found that he had acquired property disproportionate to his known sources of income. The probe revealed that Saji John had indulged in criminal misconduct as a public servant and had acquired disproportionate assets in his …

ED arrests WTC Group promoter Ashish Bhalla on money-laundering charge
Top News
1 week, 6 days ago

ED arrests WTC Group promoter Ashish Bhalla on money-laundering charge

The Hindu  

The Enforcement Directorate has arrested Ashish Bhalla, promoter of WTC Group, on money-laundering charge in connection with a ₹3,000-crore ‘real estate fraud’ case in which thousands of investors were cheated of their hard-earned money. “Further investigation has revealed that WTC Group had collected more than ₹3,000 crore from various investors from different parts of the country, including Haryana, Uttar Pradesh, …

ED arrests WTC Group promoter Ashish Bhalla in ₹3,000 crore real estate fraud case
Trending News
1 week, 6 days ago

ED arrests WTC Group promoter Ashish Bhalla in ₹3,000 crore real estate fraud case

Live Mint  

The Enforcement Directorate officials in Gurugram arrested Ashish Bhalla, the promoter WTC Group, on Friday under the provisions of PMLA in the case of Real Estate fraud involving cheating and duping thousands of investors of their monies through well planned conspiracy. Investigations revealed that after promising assured returns in exchange for their investment against plot/commercial space, the funds were diverted …

ED raids multiple places linked to Tamil Nadu Minister in money laundering case
Trending News
2 weeks, 1 day 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 …

Four arrested in ₹70 crore chit fund fraud targeting 1,300 victims
2 weeks, 2 days ago

Four arrested in ₹70 crore chit fund fraud targeting 1,300 victims

The Hindu  

Four individuals who duped at least 1,300 citizens in Hyderabad of ₹70 crore in a chit fund fraud were arrested by the Crime Investigation Department of Telangana on Tuesday. The accused, identified as Chavva Kumar, 50, Chavva Yadagiri, 62, Chavva Chinna Esthari, 60 and Chavva Venkatesh, 58, were taken into custody on Monday following a complaint by Pasham Venugopal Reddy, …

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

ED restores ₹274-cr worth assets in bank ’fraud’ case
2 weeks, 5 days ago

ED restores ₹274-cr worth assets in bank ’fraud’ case

Live Mint  

New Delhi, Mar 1 The Enforcement Directorate has restored assets worth ₹274 crore in a money laundering investigation linked to an alleged bank loan fraud. The directors of PSL Limited "diverted" loan funds of ₹274.60 crore which was nothing but proceeds of crime, the federal agency said in a statement issued on Friday. The ED said it attached assets worth …

ED attaches assets worth Rs 8 crore in Hyderabad illegal drug export case
3 weeks, 1 day ago

ED attaches assets worth Rs 8 crore in Hyderabad illegal drug export case

India Today  

The Enforcement Directorate has attached 22 immovable and 8 movable properties worth Rs 7.98 crore in a money laundering case related to the illegal export of psychotropic substances by the promoter of a Hyderabad-based company, officials said on Wednesday. The attached immovable properties, in the form of land parcels in the name of promoter Aashish Jain and his family members, …

ED raids multiple cities in Rs 600 crore crypto scam case
3 weeks, 3 days ago

ED raids multiple cities in Rs 600 crore crypto scam case

New Indian Express  

NEW DELHI: The Enforcement Directorate has conducted raids in several cities, including Delhi, Jaipur, and Mumbai, under the Foreign Exchange Management Act in connection with a Rs 600 crore cryptocurrency conversion case. "When users entered the login credentials, the spoofed website would show it wrong and thus the users would contact the number given on the spoofed website which would …

ED returns attached properties to Agri Gold scam victims
3 weeks, 3 days ago

ED returns attached properties to Agri Gold scam victims

Deccan Chronicle  

Hyderabad:In a major development, the Enforcement Directorate, Hyderabad zone, on Monday returned attached properties worth Rs 3,339 crore to the victims of Ponzi schemes launched by Agri Gold group of companies. The agency’s investigation revealed that the Agri Gold Group ran a fraudulent collective investment scheme in the guise of real estate business, for which more than 130 companies were …

ED attaches ₹11.07 cr assets in FCCB fraud
3 weeks, 6 days ago

ED attaches ₹11.07 cr assets in FCCB fraud

Hindustan Times  

MUMBAI: The Mumbai unit of Enforcement Directorate has attached provisionally assets worth ₹11.07 crore as part of its money-laundering investigation against a private firm, Geodesic Limited, and others in connection with a case related to the alleged defrauding of holders of Foreign Currency Convertible Bond, of USD 125 million. ED attaches ₹ 11.07 cr assets in FCCB fraud The attachments …

ED attaches properties of Tamil film director Shankar
1 month ago

ED attaches properties of Tamil film director Shankar

The Hindu  

The Directorate of Enforcement, Chennai Zonal Office has provisionally attached three immovable properties worth about ₹10.11 crore registered in the name of film director and producer S. Shankar under the provisions of Prevention of Money Laundering Act, 2002. — ED February 20, 2025 The ED initiated investigation on the basis of a complaint filed by one Aarur Tamilnadan against Mr. …

ED facilitates restoration of properties to Indian Bank
1 month ago

ED facilitates restoration of properties to Indian Bank

The Hindu  

The Directorate of Enforcement, Chennai Zonal Office, has facilitated the restoration of immovable properties worth ₹235 crore to Indian Bank in connection with a money-laundering case involving Saravana Stores and its partners. As part of the investigation, the ED attached immovable properties worth ₹274.75 crore, which were subsequently confirmed. Meanwhile, Indian Bank, as the aggrieved party, filed an application under …

Seized properties of Guru Sarvabhauma Souharda Credit Co-operative restituted
1 month ago

Seized properties of Guru Sarvabhauma Souharda Credit Co-operative restituted

The Hindu  

A Special Prevention of Money Laundering Act court on Monday restituted 16 immovable and 46 movable properties with an approximate market value of ₹50 crore in favour of the competent authority appointed under the Karnataka Protection of Interest of Depositors in Financial Establishments Act, 2004 for Guru Sarvabhauma Souharda Credit Co-operative Limited, Bengaluru. The accused society had floated and was …

ED facilitates restoration of ₹235-crore assets to Indian Bank
1 month ago

ED facilitates restoration of ₹235-crore assets to Indian Bank

The Hindu  

The Enforcement Directorate has facilitated restoration of ₹235-crore worth of attached commercial properties to Indian Bank in the alleged Saravana Stores Gold Palace “bank fraud” case. The petition was filed by Indian Bank seeking restoration under the PMLA provisions. The money must come to the disbursal of public forthwith not after the end of trial of predicate offence case or …

ED Conducts Searches in Kerala Over Alleged Fake CSR Fund Scam
1 month ago

ED Conducts Searches in Kerala Over Alleged Fake CSR Fund Scam

Deccan Chronicle  

Kochi/New Delhi: The Enforcement Directorate on Tuesday conducted searches at multiple locations in Kerala in connection with the alleged fake CSR fund scam, in which fraudsters duped many people of their funds by falsely promising to offer laptops, two-wheelers and home appliances at half the price.Official sources said the entities, trusts and individuals who have "received" money from Anandu Krishnan, …

ED Hyderabad restores ₹30.71 crore worth of properties to SBI in money laundering case
1 month ago

ED Hyderabad restores ₹30.71 crore worth of properties to SBI in money laundering case

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office, has successfully facilitated the restitution of properties worth ₹30.71 crore to the State Bank of India in connection with a money laundering case against M/s Sheetal Refineries Limited and others. Following ED’s initiative, SBI filed restitution applications under Section 8 of the Prevention of Money Laundering Act, 2002, before the Special Court of …

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

ED attaches assets worth rs 6.47 crore in Go Rural India money laundering case
1 month ago

ED attaches assets worth rs 6.47 crore in Go Rural India money laundering case

New Indian Express  

HYDERABAD: The Hyderabad Zonal Office of the Directorate of Enforcement has provisionally attached immovable properties worth `6.47 crore under the Prevention of Money Laundering Act, 2002. This action is part of an investigation into the alleged misappropriation of funds by a company named Go Rural India. The probe was initiated based on two FIRs filed under the IPC, 1860, against …

ED attaches ₹6.47 crore in assets in TSRTC advertising scam
1 month ago

ED attaches ₹6.47 crore in assets in TSRTC advertising scam

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office, has provisionally attached immovable properties worth ₹6.47 crore in connection with the misappropriation of funds by M/s Go Rural India. The investigation was initiated based on two FIRs filed by Telangana Police under the Indian Penal Code, 1860, against M/s Go Rural India Pvt. The complaints were lodged by the Secunderabad and Hyderabad …

Order issued to attach immovable assets worth ₹14.27 crore of two private firms
1 month ago

Order issued to attach immovable assets worth ₹14.27 crore of two private firms

The Hindu  

Telangana government issued an ad-interim order to attach immovable assets worth ₹14.27 crore of Akshara Chit Funds, and Akshara Townships Private Limited, Rajeev Chowk, Karimnagar. The order has been issued under Section 5 of the Telangana Protection of Depositors of Financial Establishments Act, 1999, as per a request made by the Crime Investigation Department, Telangana Police, police sources said. These …

Gujarat: ED seizes Rs 1,646 crore from US-wanted scammer in biggest crypto fraud
1 month, 1 week 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 attaches moveable property in alleged disproportionate assets case against former U.P. Minister Gayatri Prasad Prajapati
1 month, 1 week ago

ED attaches moveable property in alleged disproportionate assets case against former U.P. Minister Gayatri Prasad Prajapati

The Hindu  

The Enforcement Directorate has provisionally attached ₹60 lakh in moveable property belonging to Anil Kumar Prajapati, son of former Uttar Pradesh Mining Minister Gayatri Prasad Prajapati, in connection with an alleged disproportionate assets case. “ED investigation revealed that Gayatri Prasad Prajapati, while holding the post of Mining Minister of Uttar Pradesh, misused his official position and had acquired huge assets …

ED arrests former MP transport dept constable, key aides in money laundering case
1 month, 1 week ago

ED arrests former MP transport dept constable, key aides in money laundering case

New Indian Express  

BHOPAL: Nearly 50 days after lodging a case under the Prevention of Money Laundering Act against ‘crorepati’ Saurabh Sharma, the Enforcement Directorate has finally made the first arrests. The ED’s Bhopal Zonal Office has arrested three persons, including the ex-constable Saurabh Sharma and his two key business partners Sharad Jaiswal and Chetan Singh Gaur, the ED said in its official …

Delhi High Court Quashes PMLA Proceedings Against BPSL In ₹47,000 Crore Bank Fraud Case Due To Successful CIRP
1 month, 2 weeks ago

Delhi High Court Quashes PMLA Proceedings Against BPSL In ₹47,000 Crore Bank Fraud Case Due To Successful CIRP

Live Law  

The Delhi High Court recently quashed criminal proceedings against Bhushan Power & Steel Limited in relation to a complaint filed by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002 in view of Section 32A of the Insolvency and Bankruptcy Code. “A plain reading of the above provision would reveal that there is no dispute over the legal …

Delhi court summons ED director over failure to provide documents in ₹88-crore SEBI fraud case
1 month, 2 weeks ago

Delhi court summons ED director over failure to provide documents in ₹88-crore SEBI fraud case

The Hindu  

A Delhi court has recently summoned the Enforcement Directorate director over the Central agency’s failure to supply legible copies of the documents related to the case to the accused booked in ₹88-crore Securities and Exchange Board of India- related cheating and fraud case. Special Judge Aparna Swami of Patiala House Courts ordered the present director of ED, Rahul Navin, and …

Delhi Court Summons ED Director Over Failure To Provide Legible Copies Of Docs Relied Upon To Accused In ₹88 Crore Fraud Case
1 month, 2 weeks ago

Delhi Court Summons ED Director Over Failure To Provide Legible Copies Of Docs Relied Upon To Accused In ₹88 Crore Fraud Case

Live Law  

The Delhi Court recently summoned the Director of the Enforcement Directorate over the ED's failure to supply legible copies of the Relied Upon Documents of its own Prosecution Complaint to the accused in connection with ₹88 Crore SEBI-related cheating and fraud case. Special Judge Aparna Swami of Patiala House Courts passed this order, noting that despite repeated adjournments in the …

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps
1 month, 2 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 …

MUDA scam case: ED names CM Siddaramaiah, wife, officials in investigation
1 month, 3 weeks ago

MUDA scam case: ED names CM Siddaramaiah, wife, officials in investigation

New Indian Express  

BENGALURU: CM Siddaramaiah, his wife BM Parvathy, brother-in-law Mallikarjun Swamy, land owner Devaraju and some top officials of MUDA have been named in the ED investigation into a Rs 56 crore land allotment scam. The provisional attachment order issued by the ED on January 17 for 142 sites, mostly belonging to real estate agents, indicts the CM and others as …

Money laundering committed by cooperative banks and societies, ED tells HC
1 month, 2 weeks ago

Money laundering committed by cooperative banks and societies, ED tells HC

The Hindu  

The Enforcement Directorate on Thursday informed a Division Bench of the Kerala High Court that large-scale money laundering had been carried out in various cooperative banks and societies and Enforcement Case Information Report had been registered in respect of 16 banks and two societies under the Prevention of Money Laundering Act. The submission was made by the ED when a …

₹1.45 lakh-crore assets attached under PMLA till 2024: ED data
1 month, 2 weeks ago

₹1.45 lakh-crore assets attached under PMLA till 2024: ED data

Hindustan Times  

Assets worth ₹1.45 lakh crore have been attached by the Enforcement Directorate till date under the prevention of money laundering act, according to the financial crime agency’s data till December 31, 2024, accessed by HT. Prior to 2024, ED’s total attachments stood a ₹1.24 lakh crore, most of which has been done since Prime Minister Narendra Modi came to power. …

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore
1 month, 2 weeks ago

Corruption case: ED attaches LIT officials’ assets worth ₹5.5 crore

Hindustan Times  

The Enforcement Directorate has provisionally attached ₹5.58 crore worth of immovable properties and bank balances of Ludhiana Improvement Trust officials, including former chairperson Raman Bala Subramaniam, executive officer Kuljit Kaur, and others, under the Prevention of Money Laundering Act, 2002. The New Senior Secondary School Society, Sarabha Nagar, Ludhiana, has also been booked in the case. The ED had initiated …

ED chargesheet against Ponzi scam kingpin for duping investors of Rs 564 crore
1 month, 3 weeks ago

ED chargesheet against Ponzi scam kingpin for duping investors of Rs 564 crore

India Today  

The Enforcement Directorate has filed a prosecution complaint against chartered accountant Amber Dalal and others in connection with a Ponzi scam that defrauded investors of over Rs 550 crore. The complaint alleged that Amber Dalal collected investments from over 2,000 people, promising returns of 1.5 per cent to 1.8 per cent per month through commodity trading. Funds collected from the …

ED attaches assets worth Rs 80 crore in money laundering case against pharma company
1 month, 3 weeks ago

ED attaches assets worth Rs 80 crore in money laundering case against pharma company

India Today  

The Enforcement Directorate attached immovable assets worth nearly Rs 80 crore in connection with a money laundering case against a pharmaceutical company. The ED began its investigation based on several FIRs filed by the Central Bureau of Investigation and the Anti-Corruption Bureau against Sharon Bio Medicine and others for allegedly committing fraud against banks by using bogus documents causing around …

ED attaches immovable properties belonging to Minister Anitha R. Radhakrishnan
1 month, 3 weeks ago

ED attaches immovable properties belonging to Minister Anitha R. Radhakrishnan

The Hindu  

The Directorate of Enforcement, Chennai Zonal Office, has provisionally attached immovable properties worth ₹1.26 crore in Thoothukudi, Madurai and Chennai belonging to Minister for Fisheries Anitha R. Radhakrishnan, and others, under provisions of the Prevention of Money Laundering Act, 2002. The ED initiated an investigation on the basis of a First Information Report registered by the Directorate of Vigilance and …

Bank Fraud | Punjab & Haryana High Court Grants Bail To Man Booked Under PMLA On Grounds Of Long Incarceration
1 month, 3 weeks ago

Bank Fraud | Punjab & Haryana High Court Grants Bail To Man Booked Under PMLA On Grounds Of Long Incarceration

Live Law  

The Punjab & Haryana High Court has granted bail to the former director of SEL Textiles Limited Neeraj Saluja in a money laundering case, accused of diverting loan amount for purposes other than what it was sanctioned for. "Thus, when further proceedings in pursuance of FIR as well as ECIR have been stayed by a Division Bench of this Court; …

MUDA scam case: ED attaches 142 properties worth Rs 300 crore involving Siddaramaiah
2 months ago

MUDA scam case: ED attaches 142 properties worth Rs 300 crore involving Siddaramaiah

New Indian Express  

BENGALURU: After the Directorate of Enforcement attached 142 immovable properties worth Rs 300 crore on Friday under the Prevention of Money Laundering Act in connection with the MUDA case against Chief Minister Siddaramaiah and others, all eyes are now on the Lokayukta report on the alleged MUDA site allotment scam. Under the PC Act, the Lokayukta Police are investigating whether …

Enforcement Directorate Mumbai restitutes assets worth ₹289.54 crore in money-laundering case
2 months ago

Enforcement Directorate Mumbai restitutes assets worth ₹289.54 crore in money-laundering case

The Hindu  

The Enforcement Directorate, Mumbai Zone, has restituted immovable properties worth ₹289.54 crore to the Competent Authority under the Maharashtra Protection of Interest of Depositors Act appointed by Government of Maharashtra in the case of M/s Pen Co-operative Urban Bank Limited. The charge sheet filed by the Law Enforcement Agency said the office-bearers of the bank entered into criminal conspiracy with …

MUDA 'scam': ED attaches 142 properties worth ₹300-cr in case linked to Karnataka CM Siddaramaiah
2 months ago

MUDA 'scam': ED attaches 142 properties worth ₹300-cr in case linked to Karnataka CM Siddaramaiah

Hindustan Times  

The Enforcement Directorate has attached 142 immovable properties having a market value of ₹300 crore in connection with the Mysuru Urban Development Authority case against Karnataka Chief Minister Siddaramaiah, and others. "Searches conducted during the investigation further revealed that a large number of sites, other than 14 sites allotted to BM Parvathi, have been illegally allotted by MUDA as compensation …

ED raids on aide of missing 'crorepati' ex-constable in Bhopal, Gwalior: Sources
2 months ago

ED raids on aide of missing 'crorepati' ex-constable in Bhopal, Gwalior: Sources

India Today  

Three weeks after assets worth crores were recovered from the premises of former Madhya Pradesh transport department's 'crorepati' constable, Saurabh Sharma, in income tax department raids, the ED on Friday conducted searches at locations of people associated with him, sources said. Around Rs 14 crore in cash, gold worth over Rs 40 crore, silver worth around Rs 2 crore, several …

ED restores properties worth Rs 290 crore in Maharashtra co-operative bank scam
Trending News
2 months ago

ED restores properties worth Rs 290 crore in Maharashtra co-operative bank scam

India Today  

The ED has restored immovable properties worth Rs 289.54 crore to the competent authority under the Maharashtra Protection of Interest of Depositors Act in a case pertaining to Pen co-operative Urban Bank Ltd. These benami properties measuring 70.9 acres worth Rs 25.20 crore were attached between May 26, 2014 and December 2, 2014 under Section 5 of PMLA Act, 2002, …

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