ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case
1 month, 1 week ago

ED Seizes Rs 1,646 Crore in Cryptocurrency in BitConnect Fraud Case

Deccan Chronicle  

The Enforcement Directorate has seized cryptocurrency worth Rs 1,646 crore during its ongoing investigation into the BitConnect cryptocurrency fraud. The seizure, which also includes Rs 13,50,500, an SUV, and several digital devices, follows searches conducted in Gujarat on February 11 and 15. The ED traced a complex network of crypto wallets involved in the transactions, many of which were linked to the dark web to conceal their tracks. However, through diligent tracking of web wallets and gathering intelligence, the agency was able to pinpoint the location of the digital assets and devices involved in the scheme.

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ED conducts searches across four States in SDPI case
Trending News
3 days, 12 hours 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 identifies assets worth thousand of crores in searches against 2 realty firms in Delhi-NCR
2 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 raids Mumbai firm in Rs 4,500 crore fraud case, seizes overseas asset records
3 weeks 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 …

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids
3 weeks, 3 days ago

Haryana: ED seizes cryptocurrency amounting to Rs 17.20 crore across multiple wallets during raids

Op India  

The Enforcement Directorate seized cryptocurrency amounting to Rs 17.20 crore across multiple wallets during searches conducted at six locations in Haryana on Thursday, the agency said. The cryptocurrency, amounting to Rs 17.20 crore across multiple wallets, was owned and managed by one Mahesh Kumar and his associates, said the ED. “The search operations also resulted in the seizure of several …

CBI seizes cryptocurrencies worth ₹23.94 crore in GainBitcoin scam
3 weeks, 4 days ago

CBI seizes cryptocurrencies worth ₹23.94 crore in GainBitcoin scam

The Hindu  

The Central Bureau of Investigation has seized cryptocurrencies worth ₹23.94 crore following searches at more than 60 locations across five States in connection with the ₹6,600-crore GainBitcoin scam case. During the searches, the Agency seized cryptocurrencies, multiple hardware crypto wallets, 121 documents, 34 laptops/hard disks, 12 mobile phones, and multiple email and instant messaging app dumps. “The seized documents and …

CBI raids 60 locations across India in bitcoin and crypto fraud case
3 weeks, 5 days ago

CBI raids 60 locations across India in bitcoin and crypto fraud case

Live Mint  

India's Central Bureau of Investigation raided 60 locations across India on Tuesday, February 25, in connection with a bitcoin and crypto fraud case, according to the official press release. The investigation agency conducted searches in major cities, including Delhi NCR, Pune, Chandigarh, Nanded, Kolhapur, and Bengaluru, among others, to identify individuals linked to the proceeds of the GainBitcoin scam. “Central …

ED raids multiple cities in Rs 600 crore crypto scam case
3 weeks, 6 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 conducts searches across three States in ₹600-crore cryptocurrencies conversion case
3 weeks, 6 days ago

ED conducts searches across three States in ₹600-crore cryptocurrencies conversion case

The Hindu  

The Enforcement Directorate has conducted searches in Delhi, Jaipur, and Mumbai, in connection with the alleged conversion of cryptocurrencies worth about ₹600 crore at various Indian crypto exchanges and subsequent transfer of funds to the beneficiaries. The ED probe is based on a newspaper report that an Indian national named Chirag Tomar was undergoing prison sentence in the United States …

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh
1 month ago

Bitcoin India Wallet and Exchange owner held for duping man of ₹8.5 lakh

The Hindu  

The cybercrime unit of Hyderabad police on Saturday arrested a fraudster who duped a person of ₹8.5 lakh in a cryptocurrency fraud through his digital trading platform. Ltd., under the guise of a legitimate trading platform through Bitcoin India Wallet and Exchange application and website. The case came to light when a 35-year-old resident of Jubilee Hills lodged a complaint …

ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud
1 month, 1 week ago

ED seizes ₹1,646 crore under PMLA case in ‘biggest-ever’ cryptocurrency fraud

Live Mint  

The Enforcement Directorate has seized its biggest-ever cryptocurrency worth ₹1,646 crore as part of a "mega" money laundering investigation into a fraud investment scheme where several depositors were duped in the name of securities investment. As per PTI, crypto worth ₹1,646 crore was seized and transferred into the agency's special crypto wallet, making it the biggest-ever seizure of virtual digital …

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

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. …

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids
1 month, 1 week ago

Fraud alert! ED freezes deposits worth ₹170 crore from fake forex trading platform in multi-state raids

Live Mint  

The Enforcement Directorate has seized bank deposits worth ₹170 crore in a multi-state search against promoters of QFX Trade, an alleged fraudulent forex trading and deposit scheme, PTI reported. The ED said in a statement that it conducted multiple raids across locations in Delhi, Noida and Shamli in Uttar Pradesh and Rohtak in Haryana, during its investigations against QFX and …

ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform
1 month, 1 week ago

ED seizes ₹170 crore worth bank deposits in probe against ‘fraud’ forex trading platform

The Hindu  

The Enforcement Directorate on Thursday said it has frozen bank deposits worth ₹170 crore following recent searches against promoters of an alleged fraudulent forex trading and deposit scheme. The federal agency said in a statement that raids were launched on February 11 at various premises in Delhi, Noida and Shamli in Uttar Pradesh and Rohtak in Haryana as part of …

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi
1 month, 3 weeks ago

Probing cyber fraud, ED arrests two masterminds in Kolkata, Delhi

New Indian Express  

CHENNAI: Investigating a ‘digital arrest’ cyber scam case where a Chennai woman was defrauded of Rs 33 lakh, the Enforcement Directorate’s Chennai zone has arrested two masterminds in Kolkata and New Delhi while they were fleeing the country, an official release on Monday said. The agency said the duo played a key role in managing mule accounts, converting the illicit …

ED arrests two masterminds in ‘digital arrest’ scam
1 month, 3 weeks ago

ED arrests two masterminds in ‘digital arrest’ scam

The Hindu  

Directorate of Enforcement, Chennai, has arrested two masterminds in connection with a digital arrest scam. In a press release, the central agency said the investigation revealed a sophisticated system wherein cash withdrawn from mule accounts was converted into cryptocurrency and transferred to entities suspected to be based abroad. Additionally, the accused misused cash deposit machines to deposit cash into 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 …

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam
1 month, 3 weeks ago

‘No query from ED’: Paytm denies reports of facing probe in ₹2,200 crore crypto scam

Live Mint  

Paytm clarified on Friday, January 24, that it had not received any fresh notice, communication, or query from the Enforcement Directorate after reports suggested that the leading fintech major was among companies facing a probe over ongoing cryptocurrency scams. "We confirm that we have not received any such new notice, communication, or query from the ED regarding the matter mentioned …

Paytm denies ED probe in crypto scam, calls reports 'factually incorrect'
2 months ago

Paytm denies ED probe in crypto scam, calls reports 'factually incorrect'

India Today  

Digital payments firm Paytm has denied media reports that indicated it is being investigated by the Enforcement Directorate in connection with a Rs 2,200 crore cryptocurrency scam. In a stock exchange filing, the company said it had not received any new notice or communication from the ED and termed the reports as “factually incorrect and misleading.” A few media reports …

ED Raids Online Lottery Trader's Shop, Home in West Bengal
2 months, 3 weeks ago

ED Raids Online Lottery Trader's Shop, Home in West Bengal

Deccan Chronicle  

Berhampore: The Enforcement Directorate raided and searched an online lottery businessman’s shop and house in Murshidabad of West Bengal on Thursday for his suspected links with crypto currency trade and an ongoing fraud in the name of ‘digital arrest’. At around 10 am on Thursday, five ED officers, escorted by armed central paramilitary forces in five cars, reached Barwan. They …

Enforcement Directorate uncovers Rs 800 crore scam by OctaFx in 9 months
2 months, 3 weeks ago

Enforcement Directorate uncovers Rs 800 crore scam by OctaFx in 9 months

India Today  

The Enforcement Directorate has uncovered a Rs 800 crore fraud linked to forex trading platform OctaFx, revealing a complex scheme that defrauded Indian investors in just nine months of operation. The ED's investigation, initiated following a December 2021 FIR by Shivaji Nagar Police Station in Pune, alleged that OctaFx misled investors with promises of high returns through forex trading. Additionally, …

ED raids nine locations in money laundering case linked to Spectra Industries
3 months ago

ED raids nine locations in money laundering case linked to Spectra Industries

India Today  

The Mumbai Zone of the Enforcement Directorate conducted search operations at nine places across Mumbai and Aurangabad in connection with a money laundering case involving bank fraud against Spectra Industries. The ED initiated an investigation in the case on the basis of an FIR registered by the Central Bureau of Investigation against Spectra Industries Limited, Jaidev Vinod Gupta, Sheela Vinod …

ED freezes shares worth Rs 131 crore in illegal betting app case after raids
Trending News
3 months, 1 week ago

ED freezes shares worth Rs 131 crore in illegal betting app case after raids

India Today  

The Enforcement Directorate conducted search operations in Kolkata in connection with a money laundering case linked to the illegal betting app Mahadev Online Book and froze shares and securities worth Rs. ED investigations have revealed that the Mahadev Online Book betting app operates as an umbrella syndicate facilitating online platforms for illegal betting. It enables websites to enroll new users, …

ED freezes assets worth ₹130.57 crore in Mahadev Online Book case
3 months, 1 week ago

ED freezes assets worth ₹130.57 crore in Mahadev Online Book case

Hindustan Times  

MUMBAI: The Enforcement Directorate has frozen assets worth ₹130.57 crore during searches carried out in Kolkata on Thursday as part of its investigation into the allegedly illegal online betting activities of the Mahadev Online Book platform. ED freezes assets worth ₹ 130.57 crore in Mahadev Online Book case The agency has so far conducted searches at more than 110 locations …

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities
3 months, 1 week ago

Crypto currency scam: ED freezes ₹12.5cr in Thane, Navi Mum, other cities

Hindustan Times  

MUMBAI: The Enforcement Directorate froze Proceeds of Crime worth ₹12.5 crore, in the form of bank balances, fixed deposits and mutual funds, as part of its money-laundering probe into an alleged multi-crore fraud against multiple investors on the pretext of doubling their investment through the app, HPZ Token, and online gaming and betting websites. Crypto currency scam: ED freezes ₹ …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
3 months, 2 weeks ago

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore

New Indian Express  

HYDERABAD: The Directorate of Enforcement conducted raids between November 28 and 30 across 13 locations, including Hyderabad, and seized unaccounted cash worth Rs 47 lakh and USDT cryptocurrency worth Rs 1.36 crore. The investigation was initiated on two FIRs registered by CBI, Economic Offences Wing, Delhi, concerning Rs 640 crore in cyber fraud money generated through betting, gambling, part time …

ED raids 13 locations in money laundering probe against Bihar IAS officer
Trending News
3 months, 2 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 arrests two CAs, crypto trader in Rs 640-cr cyber fraud case
3 months, 2 weeks ago

ED arrests two CAs, crypto trader in Rs 640-cr cyber fraud case

Deccan Chronicle  

New Delhi: Two chartered accountants and a cryptocurrency trader have been arrested here in a money laundering investigation linked to a cyber fraud case of Rs 640 crore, the Enforcement Directorate said Wednesday. The money laundering probe stems from two FIRs filed by the Economic Offences Wing of the Delhi Police that were registered to probe charges of cyber fraud …

ED seizes ₹3 crore from Kolkata businessman in lottery scam
4 months, 1 week ago

ED seizes ₹3 crore from Kolkata businessman in lottery scam

Hindustan Times  

Kolkata, The Enforcement Directorate on Friday seized around ₹3 crore from a businessman's house in Kolkata, as part of its ongoing probe into a high-profile lottery scam. ED seizes ₹ 3 crore from Kolkata businessman in lottery scam The central agency has been conducting search operations at multiple locations in West Bengal since Thursday in connection with the alleged scam, …

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed
6 months, 2 weeks ago

Pan-India stock market scams on ED radar, ₹25 crore traced; 200 shell firms being probed

Hindustan Times  

MUMBAI: An Enforcement Directorate pan-India probe into multi-crore online scams, in which investors were trapped into investing in stock markets through fake mobile apps, has revealed that the accused employed a maze of 200-plus shell firms to acquire and then divert the proceeds of crime. The agency’s money trail in the case revealed that the fraudsters allegedly incorporated over 200 …

ED Carries Out Raids In Ladakh's Leh In Fake Cryptocurrency Business Case
7 months, 3 weeks ago

ED Carries Out Raids In Ladakh's Leh In Fake Cryptocurrency Business Case

News 18  

The Enforcement Directorate on Friday launched its first-ever search operation in Ladakh’s Leh under the provisions of the Prevention of Money Laundering Act in connection with a fake cryptocurrency business. “Searches are underway in connection with the cryptocurrency business and are being conducted at six premises simultaneously in Leh, Sonipat and Jammu. Thousands of investors have invested money in fake …

ED conducts searches in Ladakh in connection with cryptocurrency case
7 months, 3 weeks ago

ED conducts searches in Ladakh in connection with cryptocurrency case

The Hindu  

In its first ever raids in the Union Territory of Ladakh, the Enforcement Directorate on Friday conducted searches as part of its money laundering probe linked to a cryptocurrency fraud case in which investors lost more than ₹7 crore worth of deposits, officials said. The money laundering case stems from a March 2020 FIR registered in Leh and some other …

ED conducts first raid in Leh Ladakh region in fake cryptocurrency business case
7 months, 3 weeks ago

ED conducts first raid in Leh Ladakh region in fake cryptocurrency business case

India TV News  

The Enforcement Directorate on Friday launched its first-ever search operation in the Leh Ladakh region. ED Srinagar is conducting the operation under the provisions of the Prevention of Money Laundering Act in a fake cryptocurrency business run by M/s A R Mir & others. In their FIR, Leh Police stated that a committee formed by the local district magistrate against …

ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore
7 months, 3 weeks ago

ED raids forex trading platform OctaFx in fraud case, seizes over Rs 80 crore

India Today  

The Enforcement Directorate has conducted search operations at various locations linked to the forex trading platform OctaFx, which is accused of defrauding investors to the tune of several crores. The ED initiated the investigation against the platform based on an FIR filed in Pune, which accuses several individuals of cheating investors by projecting false promises of high returns through the …

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case
8 months, 3 weeks ago

Enforcement Directorate seizes ₹37 crore worth deposits, cash in Ponzi case

The Hindu  

Bank and demat account deposits apart from cash worth about ₹37 crore has been seized by the Enforcement Directorate as part of a money-laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of ₹600 crore through a Ponzi scheme. The Enforcement Directorate case of money-laundering stems from a Mumbai Police FIR that …

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case
8 months, 3 weeks ago

Mumbai: ED seizes Rs 37-cr worth deposits, cash in Ponzi case

Deccan Chronicle  

New Delhi: Bank and demat account deposits apart from cash worth about Rs 37 crore has been seized by the ED as part of a money laundering probe against a Mumbai-based financial consultant and his company who are alleged to have duped investors of Rs 600 crore through a Ponzi scheme.The federal agency said on Sunday that the action was …

ED seizes 19.50 kg gold linked to ₹4,978-crore cyber fraud case
10 months, 2 weeks ago

ED seizes 19.50 kg gold linked to ₹4,978-crore cyber fraud case

The Hindu  

The Enforcement Directorate has seized 19.50 kg of gold worth over ₹14 crore from a bank locker linked to an alleged cybercriminal who is one of the masterminds of a syndicate that transferred abroad about ₹4,978 crore raised through various cybercrimes and online gaming platforms during 2020-24. In February-March, while probing the online gaming companies/websites incorporated in small island nations …

ED seizes crypto assets worth about ₹ 90 crore in ‘E-Nugget’ case
10 months, 3 weeks ago

ED seizes crypto assets worth about ₹ 90 crore in ‘E-Nugget’ case

The Hindu  

The Enforcement Directorate has taken possession of frozen crypto assets worth close to ₹ 90 crore, earlier kept in 70 accounts maintained with Binance, ZebPay, and WazirX. This is in connection with a money laundering case involving online gaming app ‘E-Nugget’, the agency said on Tuesday. App went dark Explaining the modus operandi, the agency said: “A series of enticing …

ED conducts search operations in multiple cities in illegal online forex trading case
11 months ago

ED conducts search operations in multiple cities in illegal online forex trading case

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, conducted search operations under the Prevention of Money Laundering Act, 2002, at various locations in Mumbai, Chennai, Kolkata, and Delhi on April 18. The operations were carried out as part of an ongoing probe in the case of illegal online forex trading through the OctaFx trading platform, the ED informed on Saturday. “The ED …

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty
11 months ago

ED attaches Rs 98 cr assets of Raj Kundra, Shilpa Shetty

New Indian Express  

NEW DELHI: The Enforcement Directorate said on Thursday that it has attached movable and immovable properties worth Rs 97.79 crore belonging to Bollywood actor Shilpa Shetty and her husband Raj Kundra in connection with of a money-laundering case. The properties include a residential flat in Juhu, which is in the name of Shilpa Shetty, another residential bungalow in Pune and …

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation
11 months, 2 weeks ago

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation

India TV News  

Cyber fraud case: ED arrests one more Delhi-based man in Rs 5,000-crore money-laundering investigation The man is said to be one of the important kingpins within a syndicate responsible for orchestrating a series of cybercrimes and online gaming schemes across India between 2020-2024, amounting to huge illicit gains of Rs 4,978 crore. Kumar, residing in Delhi's Moti Nagar locality, stands …

Delhi court pulls up ED over ‘shoddy probe’ in PNB case
11 months, 3 weeks ago

Delhi court pulls up ED over ‘shoddy probe’ in PNB case

Hindustan Times  

A Delhi court has pulled up the Enforcement Directorate for shoddy investigation and lapses by its investigative officer in a money-laundering case of where Punjab National Bank was defrauded of ₹1,46,71,000. The court noted three lapses committed by the federal probe agency — first, despite there being evidence available, ED failed to name two persons as accused in the case. …

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 conducts fresh searches in Mahadev app linked money laundering case
1 year ago

ED conducts fresh searches in Mahadev app linked money laundering case

New Indian Express  

MUMBAI: The Enforcement Directorate on Wednesday conducted searches in Mumbai, some places in West Bengal and the Delhi-NCR as part of its money laundering investigation in the Mahadev online gaming and betting app that purportedly involves various high-ranking politicians and bureaucrats from Chhattisgarh. Official sources said about 15 premises in these locations are being covered by the investigators of the …

ED conducts searches in micro-loan fraud case
1 year, 2 months ago

ED conducts searches in micro-loan fraud case

The Hindu  

The ED recently conducted searches at 19 locations in micro-loan fraud cases. The searches were carried out in Delhi, Chandigarh, Haryana, Punjab, and Gujarat, as part of the probe against Shinebay Technology India Private Limited, Mpurse Services Private Limited and others, which are owned and controlled by Chinese, the ED said on Tuesday. According to the ED, the suspect fintech …

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company
1 year, 3 months ago

ED Conducts Fresh Searches in Money Laundering Case Against Chandigarh-based Pharma Company

News 18  

The Enforcement Directorate on Friday conducted fresh searches at about a dozen locations in Delhi-NCR and Punjab as part of a money laundering investigation against Chandigarh-based pharmaceutical company Parabolic Drugs and its promoters linked to an alleged bank fraud, official sources said. The central agency had earlier arrested Parabolic Drugs promoters Vineet Gupta and Pranav Gupta, who are also the …

Drugs case: ED seizes ₹4.5 crore, digital devices, incriminating documents
1 year, 4 months ago

Drugs case: ED seizes ₹4.5 crore, digital devices, incriminating documents

Hindustan Times  

The Enforcement Directorate has confiscated unaccounted cash worth ₹4.5 crore during the raids at 25 locations in Punjab on Tuesday. The ED official said the raids were conducted under the Prevention of Money Laundering Act at 25 residential and commercial premises belonging to Akshay Kumar Chhabra and other associates in Ludhiana, Mohali, Chandigarh, Amritsar, Jalandhar and Ganganagar in Rajasthan in …

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids
1 year, 6 months ago

Mahadev betting case: ED seizes assets worth ₹417 crore in multiple raids

Hindustan Times  

The Enforcement Directorate has frozen and seized assets worth Rs.417 crore in connection with the Mahadev APP online betting case, officials said on Friday. They allegedly used the online book betting application to enrol new users, create user IDs and launder money through a layered web of benami bank accounts, ED officials said. Last month, the ED also questioned people …

ED attaches ₹6.47cr assets of Chinese company in job fraud case
1 year, 6 months ago

ED attaches ₹6.47cr assets of Chinese company in job fraud case

The Hindu  

Officials of the Directorate of Enforcement have attached the movable assets worth ₹6.47 crore, including ₹71.3 lakh in the form of cryptocurrency in the China-linked part time job fraud case under the Prevention of Money Laundering Act. A release said the investigation revealed that gullible youth were cheated by certain Chinese persons through a mobile app, “Keepsharer,” through which they …

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