ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha
3 months, 1 week ago

ED Retrieved Properties Worth Rs 14,131 Cr From Vijay Mallya, 1,052 Cr From Nirav Modi: Nirmala Sitharaman In Lok Sabha

ABP News  

Finance Minister Nirma Sitharaman on Tuesday said the Enforcement Directorate has successfully retrieved properties worth Rs 22,280 crores from economic offenders, including Rs 14,131 crore from Vijay Mallya and Rs 1,052 from Nirav Modi. In Vijay Mallya case, 14,131.6 crore has been recovered and the complete amount of the attached property has been restored to the public sector banks." "In Nirav Modi case, 1,052.58 crore has been restored to public and private banks," she said adding that the government has not spared anyone, even if they have fled the country. The finance minister said that apart from Nirav Modi and Vijay Mallya, 17.47 crore has been recovered from the National Spot Exchange Limited scam and given to the banks, 20.15 crore recovered from the SRS group, 19.40 crores from Rose Valley, 185.13 crore from Surya Pharmaceuticals Limited.

Crore Sitharaman Vijay Nirav Modi Vijay Mallya Sitharama  restored  vijay  recovered  rs  worth  public  sabha  sitharaman  money  nirmala  cr  nirav  properties  crore  retrieved  minister

History of this topic

ED attaches Rs 44 crore assets of Mumbai builder in Rs 400 crore fraud probe
2 days, 9 hours ago

ED attaches Rs 44 crore assets of Mumbai builder in Rs 400 crore fraud probe

India Today  

The Directorate of Enforcement, Mumbai Zonal Office, has provisionally attached movable and immovable properties linked to builder Lalit Tekchandani and his associates under the provisions of the Prevention of Money Laundering Act, 2002, in connection with a case of cheating prospective flat buyers. The FIRs allege that M/s Supreme Construction & Developer Pvt Ltd, represented by Tekchandani and others, collected …

ED attaches properties worth ₹1.76 crore in Punjab National Bank case in U.P.
1 week, 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 …

Landowners are standing with ‘begging bowls’ to recover ₹1,557.61 crore, laments Madras High Court
1 week, 6 days ago

Landowners are standing with ‘begging bowls’ to recover ₹1,557.61 crore, laments Madras High Court

The Hindu  

The Madras High Court has found that hundreds of land owners whose properties had been acquired for various purposes in the 38 districts of Tamil Nadu as well as in Puducherry were yet to be paid an astounding amount of ₹1,557.61 crore as on December 31, 2024. Justice N. Anand Venkatesh called for the statistics from the High Court’s Registrar …

ED orders transfer of ₹52.31 crore assets to Aryarup scam victims
2 weeks, 1 day 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 attaches assets of former Revenue official
3 weeks, 1 day 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 Secures ₹6,189 Cr Property Restitution for Fraud Victims
3 weeks, 2 days ago

ED Secures ₹6,189 Cr Property Restitution for Fraud Victims

Deccan Chronicle  

Hyderabad: For the first time in Telangana, officials from the Directorate of Enforcement, Hyderabad, who are probing a number of cases pertaining to financial irregularities, have focused on the victim's centricity in securing justice as per law. They have obtained court’s approvals for restitution of attached properties in four cases worth Rs 6,189 crore and restore them to all those …

ED identifies assets worth thousand of crores in searches against 2 realty firms in Delhi-NCR
3 weeks, 6 days ago

ED identifies assets worth thousand of crores in searches against 2 realty firms in Delhi-NCR

Hindustan Times  

New Delhi, The Enforcement Directorate Monday said it has identified assets worth thousands of crores of rupees following searches in Delhi-NCR against realty firm WTC Group and Bhutani Group. ED identifies assets worth thousand of crores in searches against 2 realty firms in Delhi-NCR The raids were conducted on February 27 at a dozen locations in Delhi, Noida and Faridabad …

ED attaches assets worth Rs 8 crore in Hyderabad illegal drug export case
1 month 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 returns seized assets worth Rs 3,339 crore to ponzi scam victims
1 month ago

ED returns seized assets worth Rs 3,339 crore to ponzi scam victims

India Today  

The Enforcement Directorate has returned attached properties worth approximately Rs 3,339 crore to the victims of a ponzi scheme in Andhra Pradesh, Telangana, Karnataka and other locations, the agency said on Monday. The ED launched a money laundering investigation into the case in 2018, based on multiple FIRs registered in Andhra Pradesh, Telangana, Karnataka, Odisha, and the Andaman and Nicobar …

ED restores attached properties worth ₹3,339 crore to AgriGold ponzi scheme victims
1 month ago

ED restores attached properties worth ₹3,339 crore to AgriGold ponzi scheme victims

The Hindu  

The Directorate of Enforcement, Hyderabad Zonal Office, has completed the restitution of attached properties worth approximately ₹3,339 crore to the victims of the AgriGold group ponzi schemes. In December 2024, he moved the Special Court of the Metropolitan Sessions Judge, Hyderabad, seeking the release of both movable and immovable properties attached by ED to the Crime Investigation Department, Andhra Pradesh. …

ED facilitates restoration of properties to Indian Bank
1 month, 1 week 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 …

ED facilitates restoration of ₹235-crore assets to Indian Bank
1 month, 1 week 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 Hyderabad restores ₹30.71 crore worth of properties to SBI in money laundering case
1 month, 2 weeks 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 arrests former MP transport dept constable, key aides in money laundering case
1 month, 2 weeks 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 …

Lokayukta police raid seven officials, unearth DA worth Rs 18.45 crore
1 month, 4 weeks ago

Lokayukta police raid seven officials, unearth DA worth Rs 18.45 crore

New Indian Express  

BENGALURU: Lokayukta police unearthed disproportionate assets valued at Rs 18.45 crore allegedly possessed by seven government officials in various parts of the state on Friday. Conducting simultaneous raids on more than 27 premises in connection with seven DA cases registered in Bengaluru city, Belagavi, Bagalkote, Chitradurga and Raichur, the Lokayukta police unearthed DA valued at Rs 8.57 crore allegedly possessed …

ED restores ₹100 crore to liquidator of Pixion Media Limited on behalf of banks
2 months ago

ED restores ₹100 crore to liquidator of Pixion Media Limited on behalf of banks

The Hindu  

The Enforcement Directorate has restored assets worth ₹100 crore to the liquidator of Pixion Media Limited on behalf of the banks. The ED probe is based on seven cases registered by the Central Bureau of Investigation against the group companies, Pixion Media, Pearl Vision, Mahuaa Media, Century Communication, Pixion Vision, and Pearl Studios, related to Prabodh Kumar Tewari for allegedly …

₹1.45 lakh-crore assets attached under PMLA till 2024: ED data
2 months 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
2 months 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 attaches assets worth Rs 80 crore in money laundering case against pharma company
2 months 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
2 months, 1 week 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 …

Enforcement Directorate Mumbai restitutes assets worth ₹289.54 crore in money-laundering case
2 months, 1 week 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, 1 week 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, 1 week 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, 1 week 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, …

ED attaches 142 assets worth Rs 300 crore in case against Karnataka CM Siddaramaiah
2 months, 1 week ago

ED attaches 142 assets worth Rs 300 crore in case against Karnataka CM Siddaramaiah

New Indian Express  

BENGALURU: The Directorate of Enforcement, Bengaluru, has provisionally attached 142 immovable properties with a market value of about Rs 300 crore under the provisions of the PMLA, 2002, in connection with a case against Chief Minister Siddaramaiah and others. The ED launched an investigation on the basis of an FIR registered by Lokayukta Police, Mysuru, under various Sections of IPC, …

ED attaches 142 properties worth ₹300-cr in Muda case
2 months, 1 week ago

ED attaches 142 properties worth ₹300-cr in Muda case

Hindustan Times  

The Enforcement Directorate on Friday said it has attached 142 immovable properties worth ₹300 crore in the agency’s money laundering probe in connection with the Mysuru Urban Development Authority case involving Karnataka chief minister Siddaramaiah. “ED Bangalore zonal office has provisionally attached 142 immovable properties having market value of ₹300 crore under the provisions of the PMLA in connection with …

ED attaches properties worth ₹100 crore of former AIADMK Minister R. Vaithilingam under PMLA
2 months, 2 weeks ago

ED attaches properties worth ₹100 crore of former AIADMK Minister R. Vaithilingam under PMLA

The Hindu  

The Chennai Zonal Office of the Directorate of Enforcement has attached two immovable properties worth more than ₹100 crore belonging to R. Vaithilingam, MLA of Orathanadu and former Tamil Nadu Minister for Housing and Urban Development. The attached properties were registered in the name of Muthammal Estates Private limited, an entity owned by Mr. Vaithilingam’s family. The ED investigation pertains …

ED attached properties worth ₹103.4 crore in ponzi scheme case
2 months, 3 weeks ago

ED attached properties worth ₹103.4 crore in ponzi scheme case

The Hindu  

The Directorate of Enforcement, Hyderabad, provisionally attached 27 immovable properties having market value of ₹103.4 crore under the provisions of the Prevention of Money Laundering Act, 2002 in a ponzi scheme case related to Nowhera Shaik and Heera Group of Companies. The ED has been investigating money laundering case against Heera Group of Companies and their managing director Nowhera Shaik …

7 government officials among 8 booked as Lokayukta searches 38 locations
2 months, 3 weeks ago

7 government officials among 8 booked as Lokayukta searches 38 locations

Hindustan Times  

The Karnataka Lokayukta on Wednesday filed cases against eight government officials across the state for amassing disproportionate assets of worth ₹21.05 crore, including cash, gold, and immovable assets, which was far beyond their known sources of income. The raids were conducted in districts including Bengaluru, Chikkamagaluru, Bidar, Belagavi, Tumkur, Gadag, Bellary, and Raichur Lokayukta SP KP Anjali said: “Simultaneous raids …

ED Attaches Rs 103 Crore Assets of Nowhera Shaik
2 months, 3 weeks ago

ED Attaches Rs 103 Crore Assets of Nowhera Shaik

Deccan Chronicle  

Hyderabad: The Directorate of Enforcement officials on Wednesday attached 27 immovable properties having market value of Rs. 103.4 Crore under the provisions of the Prevention of Money Laundering Act, 2002 in a ponzi scheme case related to Nowhera Shaik and Heera Group of companies. The investigation agency is investigating a money laundering case against Heera Group of Companies and their …

Madhya Pradesh: 4 crore cash, assets worth over 90 crores owned by absconding ex-constable Saurabh Sharma and family found, ED probes source of wealth
2 months, 4 weeks ago

Madhya Pradesh: 4 crore cash, assets worth over 90 crores owned by absconding ex-constable Saurabh Sharma and family found, ED probes source of wealth

Op India  

In the latest development in the ongoing investigation against Saurabh Sharma, a former constable in the Madhya Pradesh state transport department, the ED has found an amount of Rs 4 crore in the bank accounts of Saurabh Sharma and his family members. Last year on 23rd December, the assets worth Rs 7.98 crore were recovered by the Special Police Establishment …

ED identifies Rs 7K-crore worth assets for restitution in 64 PMLA cases in South Indian states
3 months ago

ED identifies Rs 7K-crore worth assets for restitution in 64 PMLA cases in South Indian states

New Indian Express  

CHENNAI: The Enforcement Directorate has identified properties worth around Rs 7,324 crore, attached under the Prevention of Money Laundering Act in 64 cases in Tamil Nadu, Karnataka, Andhra Pradesh, Telangana and Kerala, which can be auctioned off to restore them to the victims of the very economic crimes through which they were obtained. These 64 cases across the five southern …

MP Lokayukta finds wealth worth ₹7.98 crore on ex-constable's premises
Trending News
3 months ago

MP Lokayukta finds wealth worth ₹7.98 crore on ex-constable's premises

Hindustan Times  

A Madhya Pradesh's Lokayukta official said on Tuesday that the anti-corruption body found assets worth ₹7.98 crore on a former police constable. The Lokayukta's Special Police Establishment searched former constable Saurabh Sharma's house on December 18 and December 19 and found documents proving that he possessed assets worth ₹7.98 crore. Lokayukta Police Director General Jaideep Prasad said Saurabh Sharma's father …

Rs 8 crores assets including Rs 3 crore cash seized from former constable's premises in Madhya Pradesh, probe underway
Trending News
3 months, 1 week ago

Rs 8 crores assets including Rs 3 crore cash seized from former constable's premises in Madhya Pradesh, probe underway

Op India  

On Monday, 23rd December, the Lokayukta’s Special Police Establishment in Madhya Pradesh recovered assets worth Rs 7.98 crore from the premises of a former constable identified as Saurabh Sharma. Lokayukta Police Director General Jaideep Prasad confirmed the development to the media and revealed that Sharma opted for illegal means to collect the wealth totaling around Rs 8 crores. Reports suggest …

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech
3 months, 1 week ago

'How Can ED, Banks Take More Than Two Times Debt?' Vijay Mallya Day After Sitharaman's LS Speech

ABP News  

Day after Finance Minister Nirmala Sitharaman said that the Enforcement Directorate has recovered properties worth 14,131.6 crore from Vijay Mallya, the fugitive businessman said he is entitled to relief and asked the government agencies to justify how they have taken more than two times the debt. The FM announced in Parliament that through the ED,Banks have recovered Rs 14,131.60 crores …

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?
3 months, 1 week ago

Vijay Mallya hits back at FM Nirmala Sitharaman, asks how can I still be an offender, if...?

Live Mint  

Hitting back at FM Nirmala Sitharaman's claim of recovering properties worth ₹14,131.6 crore, fugitive liquor baron Vijay Mallya on Wednesday said that he is entitled for relief and the agencies should legally justify how they have taken more than two times the debt. Responding to FM Sitharaman's claim Mallya said that debt recovery tribunal has adjusted his debt at ₹6203 …

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister
3 months, 1 week ago

ED restores Rs 22,000 crore of assets from Vijay Mallya, Nirav Modi: Minister

India Today  

Union Finance Minister Nirmala Sitharaman on Tuesday revealed that the Enforcement Directorate has successfully restored assets worth Rs 22,280 crore to victims and rightful claimants, asserting the government's relentless commitment to combating economic offenders. The Finance Minister pointed out that among the major cases, the ED has recovered properties valued at Rs 14,131.6 crore belonging to fugitive businessman Vijay Mallya, …

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman
3 months, 1 week ago

Properties worth Rs 22,280 crore of eco-offenders like Mallya, Nirav Modi restored by ED: Nirmala Sitharaman

New Indian Express  

NEW DELHI: Finance Minister Nirmala Sitharaman has listed several major cases where the Directorate of Enforcement has from time to time attached properties of individuals and companies connected to economic offence cases. Replying to the debate on Supplementary Demands for Grants - First Batch for 2024-2025, the finance minister apprised the Lok Sabha Tuesday evening that the central enforcement agency …

From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list
3 months, 1 week ago

From Vijay Mallya to Nirav Modi — ED restores over ₹22,000 crore worth assets from high-profile cases. Check full list

Live Mint  

From fugitive Vijay Mallya, Nirav Modi to Mehul Choksi — the Enforcement Directorate has restored properties worth ₹22,280 crore — said Finance Minister Nirmala Sitharaman on Tuesday. Recovery from Vijay Mallya Sitharaman said that ₹14,131.6 crore worth properties belonging to fugitive Vijay Mallya have been restored to public sector banks. Here's the full list Nirav Modi: ₹1,052.58 crore has been …

ED restitutes assets worth ₹4,025 crore in Bhushan Power and Steel case to JSW
3 months, 2 weeks ago

ED restitutes assets worth ₹4,025 crore in Bhushan Power and Steel case to JSW

The Hindu  

The Enforcement Directorate has restituted assets worth ₹4,025 crore to JSW, a Successful Resolution Applicant in the matter of the erstwhile Bhushan Power and Steel Limited under the Corporate Insolvency Resolution Process of the Insolvency and Bankruptcy Code. The assets were provisionally attached by the ED under Section 5 of Prevention of Money Laundering Act as the erstwhile promoters of …

ED seizes assets worth ₹3.9 crore in money laundering probe
3 months, 2 weeks 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 …

Court rejects bail plea of Sahiti MD, ED puts value of scam at Rs 800 crore
3 months, 2 weeks ago

Court rejects bail plea of Sahiti MD, ED puts value of scam at Rs 800 crore

Deccan Chronicle  

Hyderabad: The Metropolitan Sessions Judge at the Nampally courts on Thursday dismissed the bail petition of Boodati Lakshminarayana, managing director of Sahiti Infratech Ventures Private Limited. ED officials had arrested Lakshminarayana a few days back for collecting `800 crore from customers on the pretext of pre-launch offers and diverted the funds. Investigations revealed that SIVIPL generated proceeds of crime to …

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore
Trending News
3 months, 2 weeks ago

Lokayukta raids 50 places of 10 officials, recovers ₹48.55 crore

Hindustan Times  

The Lokayukta police carried out extensive raids across the state, targeting 10 government officials suspected of amassing disproportionate assets, on Tuesday. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and other areas, led to the discovery of assets worth ₹48.55 crore. The simultaneous raids, conducted at over 50 locations in Bengaluru, Koppal, Chitradurga, Channapatna, and …

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
3 months, 3 weeks 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
3 months, 3 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
3 months, 3 weeks 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 restitutes property worth ₹25.38 crore to claimants
4 months 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 …

18 more ‘benami’ properties of ex-min Prajapati on I-T radar
4 months, 1 week ago

18 more ‘benami’ properties of ex-min Prajapati on I-T radar

Hindustan Times  

LUCKNOW The income tax department is likely to attach 18 more ‘benami’ properties of jailed former cabinet minister Gayatri Prajapati that were purchased in the name of other people, under the provisions of Prohibition of Benami Property Transaction Act, 1988, said officials. The department had recently identified 18 ‘benami’ properties of the former minister in Barabanki, Rae Bareli, Unnao and …

Rs 26 crore assets detected in raid on four officials in Karnataka
4 months, 1 week ago

Rs 26 crore assets detected in raid on four officials in Karnataka

New Indian Express  

Mahesh, MD of Kaveri Neeravari Nigama Niyamitha, Bengaluru, was allegedly found possessing assets worth Rs 6.89 crore. They included 25 sites, one house and 25 acres of agricultural land worth Rs 4.76 crore and movable assets of Rs 1.82 lakh in cash, ornaments worth Rs 15 lakh, vehicles valued at Rs 25 lakh and household articles worth Rs 1.71 crore. …

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