PMLA Adjudicating Authority confirms attachment of over ₹750 crore assets in AJL case
8 months, 1 week ago

PMLA Adjudicating Authority confirms attachment of over ₹750 crore assets in AJL case

The Hindu  

The Adjudicating Authority under the Prevention of Money Laundering Act has confirmed the attachment of assets worth ₹751.90 crore by the Enforcement Directorate in a money laundering case involving Associated Journals Limited and Young Indian. However, the AICC treated the said loan of ₹90.21 crore as non-recoverable from AJL and sold it for ₹50 lakh to a newly-incorporated company, Young Indian, without any source of income to even pay ₹50 lakh,” the agency had earlier claimed. “The ED investigation revealed that after purchasing the loan of ₹90.21 crore from AICC, YI demanded either repayment of loan or allotment of equity shares of AJL to it,” it alleged. “AJL held an Extraordinary General Meeting and passed a resolution to increase share capital and issue fresh shares worth ₹90.21 crore to YI.

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History of this topic

Mumbai court approves monetisation of ₹2,565.9 crore in properties in Choksi fraud case
1 week, 6 days 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 …

₹1,438.45 cr bank loan fraud: ED attaches assets worth ₹43.52 cr linked to UIL
3 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 …

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group
4 months, 1 week ago

ED attaches ₹678 crore worth assets of Gautam Thapar-owned Avantha Group

Hindustan Times  

MUMBAI: Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹678 crore has been attached by the Enforcement Directorate in a ₹2,435 crore-worth loan fraud case under the Prevention of Money Laundering Act. Businessman Gautam Thapar-owned Avantha Group’s assets worth more than ₹ 678 crore has been attached by the Enforcement Directorate in a ₹ 2,435 crore-worth loan fraud case …

ED attaches assets worth Rupees crores of Bihar govt’s ex-officer in disproportionate assets case
5 months, 1 week ago

ED attaches assets worth Rupees crores of Bihar govt’s ex-officer in disproportionate assets case

India TV News  

The Enforcement Directorate on Thursday attached assets valued at Rs 2.50 crore in Patna in relation to a disproportionate assets case under the Prevention of Money Laundering Act. "ED, Patna has provisionally attached immovable and movable properties worth Rs 2.50 crore under PMLA, 2002 in the disproportionate assets case of Smt. Earlier in the day, ED informed it has seized …

ED attaches assets worth over ₹27 crore in cheating case
5 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 …

National Herald case: PMLA body upholds attachment of ₹751 cr
8 months, 1 week ago

National Herald case: PMLA body upholds attachment of ₹751 cr

Hindustan Times  

An adjudicating authority under the Prevention of Money Laundering Act on Wednesday upheld the attachment of assets worth around ₹752 crore of Congress-run National Herald newspaper and associated firms by the Enforcement Directorate, terming it as “proceeds of crime” involved in money laundering. Under PMLA, an adjudicating authority determines within 180 days whether the properties attached by ED are involved …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months 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 issues provisional attachment order under PML act on assets worth ₹ 37.50 Crore
9 months, 1 week ago

ED issues provisional attachment order under PML act on assets worth ₹ 37.50 Crore

The Hindu  

The Directorate of Enforcement, Mumbai Zonal Office on March 13, issued a Provisional Attachment Order under the provisions of the Prevention of Money Laundering Act, 2002, attaching overseas assets worth ₹37.50 crore. As per the release issued by ED officials, the assets belong to a person named Vinod Khute, owner of VIPS Group of Companies and M/s Global Affiliate Business …

ED attaches assets worth ₹12.78 crore of Shajahan Sheikh in PMLA case
9 months, 2 weeks ago

ED attaches assets worth ₹12.78 crore of Shajahan Sheikh in PMLA case

Live Mint  

The Enforcement Directorate on Tuesday, March 5 attached movable and immovable assets worth ₹12.78 crore under the provisions of the Prevention of Money Laundering Act in the ongoing investigations against Trinamool Congress strongman Shahjahan Seikh and others. The TMC-ruled West Bengal government had moved the Supreme Court of India seeking an urgent hearing against the Calcutta High Court decision to …

PMLA court refuses bail to IRS officer Sachin Sawant
10 months, 2 weeks ago

PMLA court refuses bail to IRS officer Sachin Sawant

Hindustan Times  

MUMBAI: A special PMLA court on Saturday rejected the bail plea of former Joint Commissioner of Customs, Indian Revenue Service officer Sachin Sawant, accused of amassing assets disproportionate to his known sources of income. HT Image Enforcement Directorate has claimed that Sawant generated around ₹4.11 crore from illegal sources of income and amassed assets worth ₹2.45 crore that are disproportionate …

ED orders attachment of ₹752-crore assets in National Herald case
1 year, 1 month ago

ED orders attachment of ₹752-crore assets in National Herald case

The Hindu  

The Enforcement Directorate on Tuesday said it had issued an order to provisionally attach properties worth ₹751.90 crore in an alleged money-laundering case involving Associated Journals Ltd., which runs the National Herald newspaper, and Young Indian. Calling the attachment of AJL properties a “sign of BJP’s panic”, Congress president Mallikarjun Kharge, in a post on X, said, “This pattern of …

‘Petty vendetta tactics’: Cong response to ED action in National Herald probe
1 year, 1 month ago

‘Petty vendetta tactics’: Cong response to ED action in National Herald probe

Hindustan Times  

The Congress on Tuesday responded to the Enforcement Directorate's decision to attach assets belonging to Associated Journals Limited and Young Indian in its money laundering probe into the affairs of Congress-run National Herald newspaper. An assignment of loan without transfer of any immovable property or movement of money is being dressed up to justify the attachment and freezing of assets …

ED attaches properties worth ₹751 crore in National Herald probe
1 year, 1 month ago

ED attaches properties worth ₹751 crore in National Herald probe

Hindustan Times  

New Delhi: The Enforcement Directorate has attached assets worth ₹751 crore belonging to Associated Journals Limited and Young Indian in its money laundering probe into the affairs of Congress-run National Herald newspaper, the agency said on Tuesday. While immovable properties worth ₹661 crore belonging to AJL have been attached in Delhi, Mumbai and Lucknow, YI’s proceeds of crime have been …

Assets worth Rs 752 crore seized in probe against Congress-linked companies
1 year, 1 month ago

Assets worth Rs 752 crore seized in probe against Congress-linked companies

India Today  

Probe agency Enforcement Directorate seized assets worth Rs 751.9 crore in an investigation against Congress-linked entities Associated Journals Limited, and Young Indian in connection with a money laundering case. ACCUSATIONS AGAINST AJL, YOUNG INDIAN AJL had to repay a loan of Rs 90.21 crore to the All India Congress Committee. According to the ED's investigation, after purchasing the loan of …

Enough material against Naresh Goyal to process money laundering case: Court
1 year, 1 month ago

Enough material against Naresh Goyal to process money laundering case: Court

India Today  

A special court in Mumbai said on Friday that there was sufficient material to "prima facie establish the involvement" of Jet Airways founder Naresh Goyal and his wife in a money laundering case linked to an alleged bank fraud of Rs 538 crore. "The materials accompanying the Prosecution Complaint prima facie indicate how the proceeds of crime were generated through …

ED attaches DHFL promoters’ assets worth ₹70 cr
1 year, 1 month 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 attaches assets worth ₹52.24 crore in Delhi excise policy case
1 year, 5 months ago

ED attaches assets worth ₹52.24 crore in Delhi excise policy case

The Hindu  

The Enforcement Directorate has provisionally attached assets worth ₹52.24 crore belonging to former Delhi Deputy Chief Minister Manish Sisodia and others in the excise policy case, the agency said on July 7. They include immovable assets worth ₹7.29 crore, involving two properties of Mr. Sisodia and his wife; Chariot Productions Media Private Limited and its owner, Rajesh Joshi; and land/flat …

Excise policy 'scam' | Enforcement Directorate attaches ₹76.54 crore worth assets under PMLA
1 year, 10 months ago

Excise policy 'scam' | Enforcement Directorate attaches ₹76.54 crore worth assets under PMLA

The Hindu  

The Enforcement Directorate on Wednesday, January 25, 2023, has attached assets worth ₹76.54 crore of several persons and entities in connection with the money laundering probe into the Delhi excise policy case allegedly involving Delhi Deputy Chief Minister Manish Sisodia and others. According to the agency, the attachment order includes properties worth ₹35 crore of accused Sameer Mahandru and his …

Court takes cognisance of PMLA charges against Delhi Minister
2 years, 4 months ago

Court takes cognisance of PMLA charges against Delhi Minister

The Hindu  

A Delhi court on Friday took cognisance of the prosecution complaint filed by Enforcement Directorate against Delhi Minister Satyendar Jain, which alleged that he had laundered proceeds of crime worth ₹4.81 crore between 2015 and 2017. While taking cognisance of offences under Section 3 read with Section 4 of the Prevention of Money Laundering Act, Special CBI judge Geetanjali Goel …

ED files chargesheet against Farooq Abdullah in J&K cricket association case
2 years, 4 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. …

OPINION | National Herald case: Money laundering or political vendetta?
2 years, 6 months ago

OPINION | National Herald case: Money laundering or political vendetta?

India TV News  

For the last two consecutive days, Congress leader Rahul Gandhi has been questioned by Enforcement Directorate in a money-laundering probe linked to the National Herald case. Both Sonia Gandhi and her son Rahul Gandhi are presently on bail, but the Congress is making a huge drama out of it.” Union Minister Smriti Irani said, these protests are a drama to …

National Herald case: ‘Misuse of Cong funds for AJL takeover’ under ED’s scanner
2 years, 6 months ago

National Herald case: ‘Misuse of Cong funds for AJL takeover’ under ED’s scanner

Hindustan Times  

As part of its money laundering probe against the Gandhi family, the Enforcement Directorate is looking into suspected misuse of Congress party funds to take over Associated Journals Ltd through Young Indian Private Limited, which resulted in the acquisition of all immovable properties of AJL as well. The allegations were first levelled by BJP leader Subramanian Swamy, who filed a …

ED records statement of Mallikarjun Kharge in Associated Journals and Young Indian case
2 years, 8 months ago

ED records statement of Mallikarjun Kharge in Associated Journals and Young Indian case

The Hindu  

The Enforcement Directorate on Monday recorded the statement of Leader of the Opposition in the Rajya Sabha and senior Congress leader Mallikarjun Kharge in a case involving the Associated Journals Limited and Young Indian. The move comes days after the Delhi Bench of the Income Tax Appellate Tribunal upheld the Income Tax re-assessment order against Young Indian. Swamy’s plea Earlier, …

ED attaches assets worth Rs 2.62 crore of Bihar-based builder in money laundering case
3 years, 1 month ago

ED attaches assets worth Rs 2.62 crore of Bihar-based builder in money laundering case

India Today  

The Enforcement Directorate has attached assets worth Rs 2.62 crore of a Bihar-based builder, Anil Kumar Singh, in connection with a money laundering case, officials said. The ED had initiated its money laundering probe on the basis of the FIRs and chargesheet filed by Patna Police against Anil Kumar Singh, the managing director of Bihar-based Patliputra Builders Limited and other …

Bihar: ED attaches assets worth Rs 7 crore of ex-Bhagalpur official
3 years, 1 month 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 seized assets of actor Dino Morea and Ahmed Patel's son-in-law under PMLA. Here's why
3 years, 5 months ago

ED seized assets of actor Dino Morea and Ahmed Patel's son-in-law under PMLA. Here's why

Hindustan Times  

The Enforcement Directorate on Friday attached properties of late Congress leader Ahmed Patel's son-in-law, actors Dino Moria and Sanjay Khan, and DJ Aqeel. Bollywood actor Dino Morea is one of the four alleged beneficiaries in the money laundering case involving Gujarat-based pharmaceutical company, Sterling Biotech Group. The ED informed on Friday that the case pertains to a Gujarat-based pharmaceutical company, …

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered
3 years, 5 months ago

Shares worth Rs 5800 crore sold, ED says 40 pc of loss in PNB, Mallya bank fraud cases recovered

India TV News  

About 40 per cent of the money lost by banks in alleged frauds perpetrated by fugitive businessmen Nirav Modi, Mehul Choksi and Vijay Mallya has been recovered so far, the Enforcement Directorate said after the sale of attached shares worth over Rs 5,800 crore on Wednesday. "The quantum of the attached and seized assets represent 80.45 per cent of the …

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED
3 years, 6 months ago

Assets worth Rs 18,170 crore of Vijay Mallya, Nirav Modi, Mehul Choksi attached; 80% losses recovered: ED

India TV News  

The Enforcement Directorate has said that it had transferred a part of the attached or seized assets in cases related to fugitive billionaires Vijay Mallya, Nirav Modi and Mehul Choksi, to state-run banks and the Centre. Of the Rs 18,170.02 crore worth of assets seized, the ED said it has transferred Rs 9,371.17 crore to the government and public sector …

Banks can sell Vijay Mallya's properties, shares worth Rs 5,646 crore to recover dues
3 years, 6 months ago

Banks can sell Vijay Mallya's properties, shares worth Rs 5,646 crore to recover dues

India TV News  

Armed with court order, a consortium of lenders led by SBI can now sell certain real estate properties and securities belonging to fugitive Vijay Mallya to recover loans turned bad with failure of Kingfisher Airlines. A consortium of 11 banks that gave Mallya loans, led by State Bank of India, had approached a special Prevention of Money Laundering Act court …

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group
3 years, 10 months ago

PNB scam case: ED attaches assets worth Rs 14.45 crore of Mehul Choksi, Gitanjali Group

Firstpost  

New Delhi: The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. A provisional order for attachment has been issued under the Prevention of Money Laundering Act for the assets worth …

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