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 CBI, Lucknow, under various Sections of the IPC, 1860 and Prevention of Corruption Act, 1988 against Shyama Nand Chaubey and others. “The ED investigation revealed that the then Branch Manager, Shyama Nand Chaubey and other existing account holders got illegal monetary benefits by way of indulging in parallel banking and opening of fictitious accounts and getting bank’s money transferred to their accounts illegally. Also, the branch manager issued loans to various persons/ entities without prior approval and without following due procedures.

Accounts Ed Investigation  money  crore  worth  case  national  punjab  probe  loans  chaubey  ed  investigation  manager  various  attaches  accounts  bank  transferred  properties  176

History of this topic

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 …

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 …

Management’s controllers embezzled ₹2,467cr from Dhyanradha Credit Society: ED
6 days, 3 hours 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 …

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 Secures ₹6,189 Cr Property Restitution for Fraud Victims
1 week, 6 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 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 returns seized assets worth Rs 3,339 crore to ponzi scam victims
3 weeks, 3 days 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
3 weeks, 3 days 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 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 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 …

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 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 …

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’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached
1 month, 2 weeks ago

ED’s crackdown on overseas ‘illegal’ wealth: assets worth about ₹16,000 crore in 16 foreign jurisdictions attached

The Hindu  

From large tract of lands, residential premises and commercial properties, to bank accounts, overseas assets valued close to ₹16,000 crore across 16 foreign jurisdictions have been attached or frozen in the recent past by the Enforcement Directorate in more than 30 cases involving major business houses and prominent persons, including the founder and former chairman of Indian Premier League Lalit …

ED restores ₹100 crore to liquidator of Pixion Media Limited on behalf of banks
1 month, 2 weeks 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
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 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 …

TN fisheries minister, family generated Rs 17.74 crore of proceeds of crime, says ED
1 month, 3 weeks ago

TN fisheries minister, family generated Rs 17.74 crore of proceeds of crime, says ED

New Indian Express  

CHENNAI: The Enforcement Directorate on January 23 said that their investigation under the Prevention of Money Laundering Act has revealed that the Tamil Nadu Fisheries minister Anitha R Radhakrishnan and his family members have generated Rs 17.74 crore of proceeds of crime. The agency’s Chennai zonal office said they have provisionally attached immovable properties belonging to him, valued at Rs …

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 …

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, …

ED attaches Rs 300 crore assets in land scam case linked to Siddaramaiah
2 months ago

ED attaches Rs 300 crore assets in land scam case linked to Siddaramaiah

India Today  

The Enforcement Directorate on Friday said it has attached more than 140 units of immovable assets worth about Rs 300 crore in a MUDA-linked money laundering case involving Karnataka Chief Minister Siddaramaiah and others. The role of ex-MUDA commissioner D B Natesh has emerged as "instrumental" in the illegal allotment of compensation sites to Parvathi, the agency said. It said …

ED attaches 142 properties worth ₹300-cr in Muda case
2 months 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 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 attaches properties worth ₹2.85cr of former UPPCL MD
2 months, 1 week ago

ED attaches properties worth ₹2.85cr of former UPPCL MD

Hindustan Times  

The Lucknow Zonal Office of the Enforcement Directorate has provisionally attached properties worth ₹2.85 crore of former Uttar Pradesh Power Corporation Limited managing director, Ayodhya Prasad Mishra, in a disproportionate assets case. For representation only In a press note shared with media, the ED officials said the attached properties are in the form of three immovable properties, including a residential …

ED attached properties worth ₹103.4 crore in ponzi scheme case
2 months, 1 week 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 …

Heera Group assets worth Rs 100 crore attached
2 months, 1 week ago

Heera Group assets worth Rs 100 crore attached

New Indian Express  

HYDERABAD: The Hyderabad zonal unit of the Enforcement Directorate has provisionally attached 27 immovable properties with an estimated market value of Rs 103.4 crore under the provisions of the PMLA in an alleged Ponzi scheme involving Heera Group of Companies. ED investigation revealed that Nowhera and Heera Group utilised part of Proceeds of Crime to purchase various immovable properties in …

ED Attaches Rs 103 Crore Assets of Nowhera Shaik
2 months, 1 week 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 …

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 attaches assets worth over Rs 8 crore in black money-linked case in Maharashtra
2 months, 2 weeks ago

ED attaches assets worth over Rs 8 crore in black money-linked case in Maharashtra

India Today  

The Enforcement Directorate on Thursday attached assets worth more than Rs 8 crore as part of an alleged black money-linked money laundering case in Maharashtra. A provisional attachment order has been issued under the Prevention of Money Laundering Act against two persons identified as Siddharth Abhay Chokshi and Abhay Sajanlal Chokshi, the agency said in its statement. Siddharth Abhay Chokshi …

ED arrests two people in money laundering case linked to co-operative bank
2 months, 2 weeks ago

ED arrests two people in money laundering case linked to co-operative bank

India Today  

The Enforcement Directorate arrested two people in connection with a money laundering case related to Nashik Merchant Co-operative Bank in Malegaon. The ED carried out an investigation based on a case that was registered in November 2024 after deposits of over Rs 100 crore cash in 14 new accounts with the Malegaon branch of NAMCO bank. The probe agency carried …

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

Bid to acquire ill-gotten gains not money laundering: Delhi Court
2 months, 3 weeks ago

Bid to acquire ill-gotten gains not money laundering: Delhi Court

New Indian Express  

The ED alleged that Rs 50.37 crore was infused into ACL through family members and group companies in anticipation of benefits from criminal activity related to a scheduled offence registered by the CBI. “An attempt to acquire proceeds of crime or anticipating undue benefits cannot be considered money laundering as there are no proceeds of crime at that stage,” the …

ED Attaches Rs 48.71-Cr Properties of Transstroy
2 months, 3 weeks ago

ED Attaches Rs 48.71-Cr Properties of Transstroy

Deccan Chronicle  

Hyderabad: The Enforcement Directorate, Hyderabad, said it had provisionally attached Rs 48.71 crore worth of land and residential properties of Transstroy Ltd. under the provisions of Prevention of Money Laundering Act, 2002, in connection with an ongoing bank fraud investigation. The ED said its investigation revealed that Transstroy, through fictitious high turnover, bogus sales and purchase transactions with its associated …

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 …

ED takes possession of flat in money laundering case against Dawood Ibrahim's brother Iqbal Kaskar
2 months, 3 weeks ago

ED takes possession of flat in money laundering case against Dawood Ibrahim's brother Iqbal Kaskar

The Hindu  

The Enforcement Directorate has taken possession of a flat worth ₹55 lakh in Maharashtra's Thane, held in the name of an alleged associate of fugitive gangster Dawood Ibrahim's brother Iqbal Kaskar, as part of a money laundering probe. Sources in the federal probe agency said on Tuesday that the residential dwelling in Neopolis Building located in Thane West was attached …

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

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

Discover Related