Management’s controllers embezzled ₹2,467cr from Dhyanradha Credit Society: ED
1 week, 1 day ago

Management’s controllers embezzled ₹2,467cr from Dhyanradha Credit Society: ED

Hindustan Times  

MUMBAI: A money-laundering probe by the Enforcement Directorate has revealed that some members of the erstwhile management of the Dnyanradha Multistate Co-operative Credit Society Ltd had embezzled funds worth ₹2,467 crore from investors. A money-laundering probe by the Enforcement Directorate has revealed that some members of the erstwhile management of the Dnyanradha Multistate Co-operative Credit Society Ltd had embezzled funds worth ₹ 2,467 crore from investors. ED’s investigation revealed that a large chunk of the funds of DMCSL were allegedly embezzled by the management of the society, wherein Kute and a few others had hatched a criminal conspiracy to illegally and fraudulently divert funds amounting to around ₹2,467 crore in the guise of loans to various companies of the Kute Group. Upon the disbursement of the fraudulent loan amounts, the funds were allegedly further siphoned off by the accused through several bank accounts of the entities of the Kute Group, or directly in the form of cash, ED’s probe found.

Crore Allegedly Funds Kute Dmcsl Kute Group Society Ed  allegedly  group  dmcsl  2467cr  dhyanradha  society  ed  crore  probe  credit  managements  worth  kute  controllers  funds  embezzled

History of this topic

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

Five, including corporation official’s PA, arrested for forgery, funds withdrawal
2 months, 1 week ago

Five, including corporation official’s PA, arrested for forgery, funds withdrawal

The Hindu  

Kalaburagi Police have arrested Mohammad Nayeemuddin, personal assistant to the City Corporation Commissioner and four others for transacting ₹1,86,15,663 into their personal accountants by forging the Corporation Commissioner’s signature. Nayeemuddin’s four accomplices have been identified as accountant on contract in the corporation Naseer Ahmed, senior programmer on contract in the corporation Mohammad Abdul Rehman, Wajid Imran and Mirza Arif Baig. …

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe
2 months, 2 weeks 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
3 months, 1 week 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 …

ED attaches ₹333.82 crore in DMCSL fraud case
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4 months, 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 …

ED seizes assets worth ₹333.82 crore in cooperative society fraud case
4 months, 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
4 months, 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
5 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
6 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
6 months, 3 weeks 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 …

₹264 cr fraudulent TDS refunds: ED attaches assets including Malabar Hill flat, lands in Khandala and Lonavala
8 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 …

Hyderabad CCS Police freeze assets in DFI fraud case
8 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
8 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 …

ED attaches ₹14.28 crore assets in money laundering case against Sheikh Shahjahan
10 months ago

ED attaches ₹14.28 crore assets in money laundering case against Sheikh Shahjahan

The Hindu  

The Enforcement Directorate has attached assets worth ₹14.28 crore in connection with a money laundering case against now-suspended Trinamool Congress leader Sheikh Shahjahan and several others. The properties belong to Sheikh Shahjahan, his brother Sk Alomgir, Sekh Sumaia Hafizia Trust, Abdul Alim Molla, Shib Prasad Hazra and others associates, include 17 bank accounts with a balance of about ₹3.78 crore …

Bank fraud case: ED attaches shares worth ₹81cr owned by Ludhiana textile firm
11 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 assets worth ₹24.41 crore of absconding Dubai-based VIPS Group owner
11 months, 2 weeks ago

ED attaches assets worth ₹24.41 crore of absconding Dubai-based VIPS Group owner

The Hindu  

The Enforcement Directorate has provisionally attached assets worth more than ₹24 crore used by businessman Vinod Khute, owner of VIPS Group of Companies and M/s Global Affiliate Business company. “The ED has initiated investigation on the basis of FIR registered by Bharti Vidyapeeth police station in Pune under various sections of Indian Penal Code against Vinod Tukaram Khute, Santosh Khute, …

ED attaches ₹433-crore assets in money laundering case linked to Bitconnect Coin
11 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 immovable assets of a hotel worth ₹44 crores under money laundering case
1 year 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 assets worth ₹12.78 crore in probe against Sheikh Shahjahan
1 year 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 ₹2 crore assets in bank fraud case
1 year, 1 month 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 attaches DHFL promoters’ assets worth ₹70 cr
1 year, 4 months 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 seizes assets worth over Rs 121 crore in Pune bank fraud case
1 year, 10 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 …

Enforcement Directorate attaches assets worth Rs 110 crore in Karvy stock broking money-laundering case
2 years, 7 months ago

Enforcement Directorate attaches assets worth Rs 110 crore in Karvy stock broking money-laundering case

Firstpost  

A ‘very complex web’ of financial transactions, using several shell entities and non-banking financial companies, have been executed to conceal the source of these funds to project them as untainted funds, the ED had said New Delhi: The Enforcement Directorate on Saturday said it has attached fresh assets worth over Rs 110 crore in connection with its money laundering probe …

ED files chargesheet against Farooq Abdullah in J&K cricket association case
2 years, 7 months ago

ED files chargesheet against Farooq Abdullah in J&K cricket association case

The Hindu  

The Enforcement Directorate has filed a supplementary chargesheet against former Jammu & Kashmir Chief Minister Farooq Abdullah and others in connection with the alleged embezzlement of the State cricket association’s funds. Among those arraigned are former J&K Cricket Association treasurer Ahsan Ahmad Mirza, and Mir Manzoor Gazanffer, who had been a member of its finance committee from 2006 to 2009. …

ED attaches assets worth Rs 36 crore of Kerala man in cryptocurrency scam
3 years, 2 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 …

Bihar: ED attaches assets worth Rs 7 crore of ex-Bhagalpur official
3 years, 4 months ago

Bihar: ED attaches assets worth Rs 7 crore of ex-Bhagalpur official

India Today  

The Enforcement Directorate attached illegal assets worth Rs 7 crore of Jayshree Thakur, a former Additional District Magistrate of Bihar’s Bhagalpur, and her family members under the Prevention of Money Laundering Act linked to an alleged disproportionate assets case. The attached assets include 15 plots of land, a flat, a bank balance in 42 different accounts, 12 different insurance policies …

ED attaches assets worth around Rs 27 crore of Rose Valley Group in chit fund case
3 years, 5 months ago

ED attaches assets worth around Rs 27 crore of Rose Valley Group in chit fund case

India Today  

The Enforcement Directorate has attached assets worth around Rs 27 crore of Rose Valley Group of companies in connection with a money laundering case, officials said. ED had initiated its money-laundering investigation on the basis of FIRs registered by West Bengal Police against Rose Valley Group of companies, its Chairman Gautam Kundu and others. ED SEIZED 7 LUXURIOUS VEHICLES Earlier …

ED attaches assets worth Rs 106 crore linked to Unitech Group in money-laundering case
3 years, 8 months ago

ED attaches assets worth Rs 106 crore linked to Unitech Group in money-laundering case

India Today  

The Enforcement Directorate has attached assets worth Rs 106.08 crore, in connection with a money laundering case against the Unitech Group. ED has claimed that the attached assets were bought by two alleged dummy entities--Erode Projects Pvt Limited and Kore Communities Pvt Limited -- from the companies related to the Unitech Group. “Investigation by ED revealed that the attached land …

Saradha scam case: ED attaches ₹3 cr worth properties of 2 TMC leaders
3 years, 11 months ago

Saradha scam case: ED attaches ₹3 cr worth properties of 2 TMC leaders

Op India  

On Saturday, the Enforcement Directorate cracked down on two TMC leaders in connection to the Saradha chit fund money laundering case. As per reports, the central agency has attached properties amounting to ₹3 crores belonging to former Rajya Sabha MP and current TMC spokesperson Kunal Ghosh, Lok Sabha MP Satabdi Roy and one Debjani Mukherjee. 3Cr pertaining to Kunal Ghosh …

Saradha chit fund case: ED attaches assets of TMC leaders Kunal Ghosh, Satabdi Roy under PMLA
3 years, 11 months ago

Saradha chit fund case: ED attaches assets of TMC leaders Kunal Ghosh, Satabdi Roy under PMLA

Firstpost  

New Delhi: The Enforcement Directorate on Saturday said it has attached assets worth Rs 3 crore of TMC spokesperson Kunal Ghosh, its MP Satabdi Roy and Debjani Mukherjee in the Saradha chit fund money laundering case. The central probe agency said in a statement that the assets belong to “Kunal Ghosh, ex-Rajya Sabha MP from Trinamool Congress, Satabdi Roy, Lok …

ED files chargesheet against ex-Haryana CM Bhupinder Hooda, 4 retd IAS officers in money-laundering case
4 years, 1 month ago

ED files chargesheet against ex-Haryana CM Bhupinder Hooda, 4 retd IAS officers in money-laundering case

India Today  

The ED has filed a chargesheet against former Haryana chief minister Bhupinder Singh Hooda, four retired IAS officers and some others in a money-laundering case linked to alleged irregularities in the allocation of over a dozen industrial plots worth more than Rs 30 crore in the Panchkula area in 2013, officials said on Tuesday. The agency has named Hooda, retired …

Bank loan fraud: ED attaches Rs 483-cr assets of Kolkata business group
5 years, 10 months ago

Bank loan fraud: ED attaches Rs 483-cr assets of Kolkata business group

India TV News  

Assets worth Rs 483 crore of a Kolkata-based group have been attached by the ED in connection with an alleged multi-crore bank loan fraud case, officials said Tuesday. Sources said the group had availed loans of Rs 524 crore from the Bank of India and Andhra Bank in 2008 which was allegedly defrauded by it using a "maze of shell …

ED attaches Karti’s assets worth ₹54 crore in INX Media case
6 years, 5 months ago

ED attaches Karti’s assets worth ₹54 crore in INX Media case

Live Mint  

New Delhi: The Enforcement Directorate on Thursday attached assets of Karti Chidambaram worth ₹ 54 crore under the Prevention of Money Laundering Act in the ongoing probe in the INX Media case. The assets include immovable properties in India, UK and Spain apart from deposits in banks.” Karti Chidambaram, businessman and son of former Union minister P. Chidambaram, has been …

Indian Overseas Bank fraud: ED attaches properties worth Rs 5.1crore
6 years, 5 months ago

Indian Overseas Bank fraud: ED attaches properties worth Rs 5.1crore

Deccan Chronicle  

Bengaluru: The Enforcement Directorate, Bengaluru has attached movable properties worth Rs 5.10 crore of some private persons and companies in a case of fraud with the Indian Overseas Bank and Karnataka Rural Infrastructure Development Corporation under the Prevention of Money Laundering Act, 2002. The ED had initially registered a case under PMLA against the accused people and companies – Abdul …

ED attaches assets of DPIL worth Rs 1122 crores over bank fraud charges
6 years, 10 months ago

ED attaches assets of DPIL worth Rs 1122 crores over bank fraud charges

Op India  

The Enforcement Directorate has today attached assets of Vadodara based firm Diamond Powers Infrastructure Limited valued at Rs 1122 crores over allegations of bank fraud. — ED April 24, 2018 DPIL and its promoters are accused of cheating various banks of Rs 2654 crores and the CBI had registered FIR on them last month. The firm had also submitted false …

Hasan Ali purchased assets through dubious transactions: ED
13 years, 7 months ago

Hasan Ali purchased assets through dubious transactions: ED

Firstpost  

Mumbai: The Enforcement Directorate today informed the Bombay High Court that investigations into the attached properties of Pune-based businessman Hasan Ali Khan, arrested in a multi-crore money laundering scam, has revealed that the assets were purchased through dubious transactions so as to not disclose the true source of funds. Investigations revealed that Khan had arranged for cheques to be issued …

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