FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai
2 months, 3 weeks ago

FB pic of car, LPG delivery clue help ED crack money laundering case in Chennai

New Indian Express  

CHENNAI: Distinct clues ranging from Facebook images and LPG gas cylinder deliveries to intelligence reports from Chennai Customs and data from the Tamil Nadu government’s commercial taxes wing were crucial to the Enforcement Directorate busting the International Trade Based Money Laundering scam in Chennai. Detected in 2016, the scam orchestrated the remittance of US dollars worth Rs 120 crore to Hong Kong through accounts of multiple shell companies at Indian Bank and Syndicate Bank in lieu of faked imports of electronics. ED’s Chennai zone has got six convictions from 2019-2024 in the cases till date, which forms 14% of the agency’s 42 all-India count since the PMLA came into force. In September 2016, it was the then manager of Indian Bank’s Thousand Lights branch, who flagged the first alert after noticing suspicious international transactions in newly opened current accounts of eight companies.

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History of this topic

ED raids multiple places linked to Tamil Nadu Minister in money laundering case
Trending News
2 weeks, 6 days ago

ED raids multiple places linked to Tamil Nadu Minister in money laundering case

India Today  

The Enforcement Directorate conducted searches at over ten locations in Tamil Nadu on Friday, targeting premises linked to DMK leader and Tamil Nadu Minister Senthil Balaji and others in connection with a money laundering case. Merely three days later, on September 29, he was reinstated as Tamil Nadu’s Minister for Electricity, Prohibition, and Excise, the same portfolio he had held …

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps
1 month, 3 weeks ago

ED arrests four Tamil Nadu natives linked to Chinese bogus loan apps

New Indian Express  

KOCHI: Enforcement Directorate sleuths have arrested four Tamil Nadu natives over their links to China-based bogus loan apps, after a probe revealed the shell companies operated by them transferred over Rs 170 crore to their Chinese operators via Singapore since 2023. The arrested persons are Daniel Shivakumar, 37, director of Xoduz Solution in Jawahar Nagar, Chennai; Kathiravan Ravi, 42, director …

TBML scam: Hard disc seized by ED proved Hong Kong companies, bank accounts receiving laundered money operated from Chennai
2 months, 3 weeks ago

TBML scam: Hard disc seized by ED proved Hong Kong companies, bank accounts receiving laundered money operated from Chennai

New Indian Express  

CHENNAI: Five years after the Enforcement Directorate began investigating an international Trade Based Money Laundering scam orchestrated from Chennai, the recovery of a hard disc from a house in north Chennai in 2021 led to the discovery that the foreign bank accounts receiving the laundered money were being operated from the city. In September 2024, the owner of the house, …

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions
2 months, 3 weeks ago

International trade-based money laundering bust in Chennai that got ED 14 per cent of its convictions

New Indian Express  

CHENNAI: An investigation by the Enforcement Directorate into a money-laundering scam where at least Rs 120 crore worth US dollars were sent to Hong Kong through multiple shady accounts with two Chennai banks has given the agency six of its 42 all-India Prevention of Money Laundering Act convictions till date. The probe is significant for multiple reasons; firstly, ED got …

Four arrested for siphoning off ₹12.5 cr from CRED, Bengaluru police uncover major crime: Report
Trending News
2 months, 3 weeks ago

Four arrested for siphoning off ₹12.5 cr from CRED, Bengaluru police uncover major crime: Report

Hindustan Times  

In a major cybercrime case, Bengaluru police have arrested four individuals from Gujarat who allegedly embezzled ₹12.5 crore from credit card payments platform CRED, reported Deccan Herald. According to the report, CRED’s corporate account is managed through Axis Bank’s Indiranagar branch in Bengaluru and authorities have managed to recover ₹1.83 crore of the stolen amount. The accused reportedly identified vulnerabilities …

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd
3 months, 3 weeks ago

Bank fraud case: ED raids ex-directors, promoters of Kwality Ltd

Deccan Chronicle  

New Delhi: The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act, the sources said. …

Digital arrest: Man from Assam held for swindling Rs 92 lakh
4 months ago

Digital arrest: Man from Assam held for swindling Rs 92 lakh

New Indian Express  

CHENNAI: A 38-year-old man from Assam was arrested by the cyber crime wing of the Central Crime Branch Chennai on charges of swindling Rs 92 lakh from a central government employee in a digital arrest scam. The caller claimed that the victim’s Aadhaar-linked mobile number was involved in money laundering and an arrest warrant was issued against him. The police …

ED Questions Baahubali Actor Tamannaah Bhatia in Money Laundering Case
5 months, 1 week ago

ED Questions Baahubali Actor Tamannaah Bhatia in Money Laundering Case

ABP News  

Bollywood actor Tamannaah Bhatia was questioned by the Enforcement Directorate (ED) in connection with an investigation linked to a money laundering case related to the 'HPZ Token' mobile app. She was questioned at the ED's zonal office in Assam's Guwahati on Thursday and her statement was recorded under the Prevention of Money Laundering Act (PMLA).

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
6 months, 1 week ago

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”

The Hindu  

The Enforcement Directorate has arrested four accused in a case related to cyber fraud of ₹2.60 crore by a person posing as a Central Bureau of Investigation official, who was part of a network involving “Chinese scammers”. “All the four accused were involved in incorporation of shell companies and opening of bank accounts, through which Proceeds of Crime generated from …

Police on the lookout for fraudsters who created FB account to cheat friends of ex-ADGP
9 months, 3 weeks ago

Police on the lookout for fraudsters who created FB account to cheat friends of ex-ADGP

The Hindu  

The south division cybercrime police are on the lookout for fraudsters who created a Facebook account in the name of the former Additional Director-General of Police Bhaskar Rao and cheated his friends of ₹3 lakh. Mr. Rao in his complaint said the accused created an account in the name ‘Nimma Bhaskar Rao’ on May 16 and sent friend requests to …

₹100 crore fraud: Hawala operators under ED scanner
11 months, 1 week ago

₹100 crore fraud: Hawala operators under ED scanner

Hindustan Times  

MUMBAI: The Enforcement Directorate has taken a few hawala operators specialising in crypto-currencies under its scanner as part of its money-laundering probe against a Dubai-based businessman and others who are accused of ₹100-crore fraud that involves the use of dubious financial schemes and forex trading to lure investors. The hawala traders under the scanner were allegedly used by the case’s …

Nurses’ recruitment fraud: ED scans role of hawala operators
1 year, 7 months ago

Nurses’ recruitment fraud: ED scans role of hawala operators

Hindustan Times  

MUMBAI: The Enforcement Directorate ’s money-laundering investigation related to the alleged fraudulent collection of ₹205 crore from nurses for Kuwait jobs by a few recruitment firms has revealed that a substantial part of the proceeds of crime was allegedly sent abroad via hawala channels by the accused firms/ persons. A recruitment firm, which is under the probe’s scanner, had allegedly, …

Hyderabad police bust ₹712-crore Chinese investment cyberfraud
1 year, 8 months ago

Hyderabad police bust ₹712-crore Chinese investment cyberfraud

The Hindu  

The cybercrime wing of the Hyderabad city police arrested nine persons from Mumbai, Hyderabad and Ahmedabad, in what the police believe is a ₹712-crore countrywide investment fraud operated from Dubai and China. Hyderabad city police commissioner C.V. Anand, addressing mediapersons on Saturday, said the police dug deeper while probing a complaint of investment fraud by a Chikkadpally resident, who lost …

Central Crime Branch busts gang involved in forging passports, visas
1 year, 9 months ago

Central Crime Branch busts gang involved in forging passports, visas

The Hindu  

The Central Crime Branch of the Greater Chennai Police on Tuesday busted a gang involved in forging passports and visas. On searching his house, the DRI had found that he was making forged passports and visas, and was in possession of machines that could create the fake documents. They recovered fake passports, papers used in passports, fake rubber stamps, computer …

Raids at 5 premises in Bengaluru in connection with Chinese loan app fraud
2 years, 5 months ago

Raids at 5 premises in Bengaluru in connection with Chinese loan app fraud

India Today  

Five premises in Bengaluru were raided by the Enforcement Directorate under the provisions of the Prevention of Money Laundering Act on October 19 in connection with the Chinese loan app fraud case. The case is based on 18 FIRs registered by the Cyber Crime Police Station, Bengaluru City, against numerous entities and persons in connection with their involvement in the …

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore
2 years, 5 months ago

Part-time job fraud: ED searches 12 entities in Bengaluru, seizes ₹5.85 crore

The Hindu  

The Directorate of Enforcement conducted search operations on 12 entities in Bengaluru allegedly involved in a part-time job fraud case and seized ₹5.85 crore under section 17 of the Prevention of Money Laundering Act, 2002. The ED initiated money-laundering investigation on the basis of an FIR registered in South CEN police station, Bengaluru, in the matter related to part-time job …

TN Police On Lookout Of Scamsters Who Cheated Ex-CBDT Chairman Of Rs 10 Lakh
2 years, 8 months ago

TN Police On Lookout Of Scamsters Who Cheated Ex-CBDT Chairman Of Rs 10 Lakh

ABP News  

Chennai: Tamil Nadu police are in pursuit of scamsters who have cheated former Central Board of Direct Taxes T.S. According to a report on IANS, Sreenivasan got a call from a person requesting him to update his KYC details to keep his BSNL phone number active. The retired IRS officer, according to Kilpauk police, received a call on July 1 …

Chinese visa scam: ED registers money laundering case against Karti Chidambaram
2 years, 10 months ago

Chinese visa scam: ED registers money laundering case against Karti Chidambaram

Deccan Chronicle  

New Delhi: The ED has registered a money laundering case against Congress MP Karti Chidambaram and others in the alleged scam pertaining to the issuance of visa to 263 Chinese nationals in 2011 when his father P Chidambaram was the home minister, officials said on Wednesday. The federal agency has filed its case under the criminal sections of the Prevention …

ED Books Chinese National Under Money Laundering Law Days After he Was Raided by I-T Dept
4 years, 7 months ago

ED Books Chinese National Under Money Laundering Law Days After he Was Raided by I-T Dept

News 18  

The Enforcement Directorate has registered a money laundering case against a Chinese national for allegedly running a hawala racket worth an estimated Rs 1,000 crore using shell or dubious firms, officials said on Monday. The ED has taken cognisance of the tax department evidence and action and a Delhi Police Special Cell FIR against Peng before filing the criminal case …

I-T Dept detects money laundering racket linked to Chinese firms
4 years, 7 months ago

I-T Dept detects money laundering racket linked to Chinese firms

Live Mint  

New Delhi: The Income Tax department on Tuesday said searches at premises of certain Chinese entities in India have revealed a money laundering racket involving shell companies. A subsidiary of a Chinese company and its related concerns have taken over ₹100 crore bogus advances from shell entities for opening retail showrooms in India, the tax department said in a statement. …

Man held for securing ₹13-lakh vehicle loan using fake documents
8 years, 1 month ago

Man held for securing ₹13-lakh vehicle loan using fake documents

The Hindu  

Crime Branch Unit II officials arrested this week a 21-year-old man who secured a vehicle loan of ₹13.43 lakh from Axis Bank by producing fake documents. More with two partners, who are absconding, created a fake bank account with Ashok Cooperative Bank in Nerul in the name of Kamal Hyundai Showroom. Using the details of the showroom, he created fake …

Court to record Raja and Kanimozhi Statements for 2G scam- India TV News
10 years ago

Court to record Raja and Kanimozhi Statements for 2G scam- India TV News

India TV News  

New Delhi: A special CBI court here is likely to commence tomorrow the recording of statements of accused, including former Telecom Minister A Raja, DMK MP Kanimozhi and 17 others, in a 2G scam-related money laundering case. Raja, Kanimozhi, DMK leader M Karunanidhi's wife Dayalu Ammal, Swan Telecom Pvt Ltd promoters Shahid Usman Balwa and Vinod Goenka and 14 others, …

Chennai hub of illegal poll money transactions: Enforcement Directorate
10 years, 11 months ago

Chennai hub of illegal poll money transactions: Enforcement Directorate

The Hindu  

Chennai has emerged as the centre of "doubtful" transactions during an investigation by the Enforcement Directorate into suspected illegal expenditure by candidates and their associates in the ongoing Lok Sabha election. The ED is part of a committee set up by the Election Commission to collect and share intelligence on use of black money in the election. The directorate has …

2G scam: Charge sheet against Raja, Kanimozhi soon
10 years, 11 months ago

2G scam: Charge sheet against Raja, Kanimozhi soon

India TV News  

New Delhi: A charge sheet against former Telecom Minister A Raja and DMK leader Kanimozhi is expected to be filed soon in the 2G spectrum money laundering case being probed by the Enforcement Directorate. The ED, according to sources, had asked for a legal vetting of the charge sheet by the Law Ministry and all procedures in this regard have …

Agencies investigate money laundering routes
11 years, 10 months ago

Agencies investigate money laundering routes

Daily Mail  

Agencies investigate money laundering routes Top agencies such as the Enforcement Directorate, are now probing deep into the underground financial transaction thoroughfares, including the hawala routes through which money is illegally laundered to fund, among other criminal activities, international betting rackets such as the one that Delhi Police recently unearthed. According to sources, the ED is seriously looking into the …

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