ED arrests two people in money laundering case linked to co-operative bank
3 days, 8 hours 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 out search operations at around 25 locations in Mumbai, Surat, Ahmedabad and Nashik in connection with the case in November 2024 and seized various incriminating documents and Rs 5.2 crore in cash. The money-trail investigation conducted by the ED of “debit transactions” made through various modes of online banking channels from the 14 bank accounts maintained with NAMCO Bank and five accounts maintained with Bank of Maharashtra revealed that the majority of such amounts were transferred to 21 holders.

Mumbai Bank Case Nashik Two People Cash Accounts Namco Bank Namco  bank  ed  rs  laundering  ahmedabad  cooperative  various  arrests  case  accounts  revealed  money  transferred  linked  cash

History of this topic

ED freezes ₹5.4 crore assets in ₹4,957 crore bank fraud probe
1 day, 13 hours 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 …

Bank staff among 4 held for siphoning off ₹12.2 crore from CRED operator firm: Report
1 week ago

Bank staff among 4 held for siphoning off ₹12.2 crore from CRED operator firm: Report

Hindustan Times  

Karnataka police arrested an Axis Bank relationship manager and three others on Sunday for allegedly swindling ₹12 crore from Dreamplug Paytech Solutions Pvt Ltd, a Bengaluru-based company that operates the credit card payment platform Cred. The sophisticated fraud was exposed when the company's executives spotted suspicious transactions from their bank accounts and lodged a complaint with the police. According to …

NAMCO Bank case: ED probe reveals use of ₹5 notes as ‘identifiers’ for hawala transactions
2 weeks ago

NAMCO Bank case: ED probe reveals use of ₹5 notes as ‘identifiers’ for hawala transactions

Hindustan Times  

MUMBAI: The money-laundering investigation by the Enforcement Directorate into suspicious transactions worth around ₹196 crore in the Nashik Merchant Cooperative Bank and the Bank of Maharashtra, both in Malegaon, has revealed that the accused used five-rupee currency notes, which are barely seen these days, as a ‘token’ or identifier for hawala transactions. The ED’s money trail investigation of the debit …

ED raids nine locations in money laundering case linked to Spectra Industries
2 weeks, 4 days 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 arrests industrialist Sanjay Sureka in Rs 6,000 crore bank fraud case
2 weeks, 5 days ago

ED arrests industrialist Sanjay Sureka in Rs 6,000 crore bank fraud case

India Today  

Industrialist Sanjay Sureka, owner of Concast Steel and Power Limited, was arrested by the Enforcement Directorate on Tuesday following extensive raids in Kolkata. The central agency conducted searches at 10 locations linked to Sureka, including his residence in Ballygunge, where jewellery worth Rs 4.5 crore and several foreign-made luxury cars were seized. According to sources, the arrest is part of …

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore
4 weeks, 2 days ago

Malegaon laundering case: ED searches seven places in Mumbai, Ahmedabad, seizes ₹13.5 crore

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office, on Friday searched seven premises in Ahmedabad and Mumbai, and seized ₹13.5 crore in cash. The search operation was conducted in connection with the Malegaon money laundering case in which the accused had allegedly misused accounts opened with the Nashik Merchant Co-operative Bank to withdraw ₹196 crore over five months. 295/2024 dated November 7, …

Kerala High Court Directs ED To Probe Alleged Fraud Of ₹24 Crore In Edamulackal Co-Operative Bank
1 month ago

Kerala High Court Directs ED To Probe Alleged Fraud Of ₹24 Crore In Edamulackal Co-Operative Bank

Live Law  

The Kerala High Court on Wednesday ordered, the Enforcement Directorate to register a case against all the persons involved in the Edamulackal Co-operative Bank Fraud. The Court directed ED to register a case against all the persons involved for misappropriation, breach of trust, cheating as well as offences under the PC Act. The Court asked the Home Secretary and Additional …

ED's money laundering probe leads to arrest in Malegaon bank fraud case
1 month ago

ED's money laundering probe leads to arrest in Malegaon bank fraud case

Hindustan Times  

Mumbai: The Enforcement Directorate has arrested Bhesaniya Valimohd in connection with a money laundering investigation involving suspicious transactions at a Malegaon-based bank, where multiple accounts were allegedly misused by a local trader and his associates. According to the ED investigation, Valimohd was working with another accused, Nagani Shafi, to withdraw cash from the bank. ) According to the ED investigation, …

Cops seize Rs 47 lakh, cryptocurrency worth Rs 1.36 crore
1 month 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 …

Edamulackal bank fraud: HC asks ED to register case
1 month ago

Edamulackal bank fraud: HC asks ED to register case

The Hindu  

A Division Bench of the Kerala High Court on Wednesday directed the Enforcement Directorate to register a case under the Prevention of Money Laundering Act in connection with the Kollam-based Edamulackal Service Cooperative Bank financial fraud. The Bench comprising Justice Amit Rawal and Justice K.V Jayakumar passed the order when an appeal filed by Rajendran Unnithan S., 71, of Chadayamangalam …

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

Accused in 125cr suspicious banking transactions remanded to ED custody
1 month, 2 weeks ago

Accused in 125cr suspicious banking transactions remanded to ED custody

Hindustan Times  

MUMBAI: A special Prevention of Money Laundering Act court sent 33-year-old Gujarat resident, Akram Mohammad Shafi, who was arrested by the Enforcement Directorate on Wednesday in connection with a money-laundering probe of banking transactions worth ₹125 crore, to seven days ED custody. Accused in 125cr suspicious banking transactions remanded to ED custody ED’s investigation stems from a police probe against …

ED attaches assets worth 1.84 cr in illegal betting apps probe
1 month, 2 weeks ago

ED attaches assets worth 1.84 cr in illegal betting apps probe

Hindustan Times  

MUMBAI: The Enforcement Directorate has provisionally attached movable assets worth ₹1.84 crore as part of its money laundering investigation into alleged illegal betting via mobile apps. ED’s probe in the case revealed that alleged dummy bank accounts in the name of fictitious entities had been opened for transferring funds obtained from two illegal betting apps, which were operated as ‘CBTF247’ …

Maharashtra polls: ED conducts raids at 23 locations after illegal transactions worth Rs 125 crores unearthed from Malegaon bank
1 month, 3 weeks ago

Maharashtra polls: ED conducts raids at 23 locations after illegal transactions worth Rs 125 crores unearthed from Malegaon bank

Op India  

On Thursday, 14th November, the Enforcement Directorate conducted raids at 23 locations throughout poll-bound Maharashtra and adjacent Gujarat as part of a probe into a money laundering case involving a Malegaon-based businessman. This comes a week after the Malegaon police charged a ‘businessman’ identified as Siraj Ahmed Harun Meman with misusing 12 people’s bank accounts and conducting transactions worth Rs …

ED's money laundering probe leads to raids across Maharashtra and Gujarat
1 month, 3 weeks ago

ED's money laundering probe leads to raids across Maharashtra and Gujarat

Hindustan Times  

Mumbai: The Enforcement Directorate conducted searches at more than 16 locations across Maharashtra and Gujarat on Thursday, investigating suspicious banking transactions worth ₹80-90 crore allegedly conducted by a Malegaon-based trader through misappropriated bank accounts. During the raids, which extended into Thursday night, the agency froze approximately ₹ 1.8 crore held in two scrutinised bank accounts. During the raids, which extended …

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case
1 month, 3 weeks ago

ED raids in Maha, Gujarat in Malegaon trader bank accounts fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate on Thursday raided multiple locations in poll-bound Maharashtra and neighbouring Gujarat as part of a money laundering probe against a Malegaon-based trader who allegedly misused bank accounts of various people to carry our transactions worth more than Rs 100 crore. The money laundering case stems from a Malegaon Police FIR filed last week against a local …

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud
1 month, 3 weeks ago

ED raids 23 locations in Maharashtra, Gujarat over Malegaon trader bank fraud

India Today  

The Enforcement Directorate conducted massive raids across 23 locations in poll bound Maharashtra and neighbouring Gujarat on Thursday as part of an investigation into a money laundering case involving a Malegaon-based trader. The trader allegedly used fake documents and fake Know Your Customer details to open numerous bank accounts, which facilitated transactions worth over Rs 100 crore. The money laundering …

Seven Arrested for Posing as ED Officers, Bid to Extort Rs 5 Crore in Fake Searches
Trending News
2 months, 1 week ago

Seven Arrested for Posing as ED Officers, Bid to Extort Rs 5 Crore in Fake Searches

ABP News  

Seven people have been arrested for posing as ED officers and attempting to extort Rs 5 crore from a man living in DLF Farms area in South Delhi. The victims were lured to the house by fake ED officers posing as officials and were threatened with arrest and violence if they refused to comply with the demands. The police have …

Enforcement Directorate arrests four more accused linked to cyber fraud syndicate involving “Chinese scammers”
3 months, 3 weeks 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 …

ED arrests former Pune ZP chairman in ₹494cr bank fraud case
4 months, 2 weeks ago

ED arrests former Pune ZP chairman in ₹494cr bank fraud case

Hindustan Times  

MUMBAI: Former chairman of Pune zilla parishad Mangaldas Bandal has been arrested by the Enforcement Directorate in connection with an alleged ₹494-crore fraud at Pune’s Shivajirao Bhosale Sahakari Bank. Earlier on Tuesday, the ED seized cash worth ₹25 lakh and froze fixed deposits worth ₹50 lakh during searches conducted at Bandal’s premises. ED’s investigation revealed that several persons had committed …

ED Mumbai arrests former director of private firm in money laundering case
5 months, 2 weeks ago

ED Mumbai arrests former director of private firm in money laundering case

The Hindu  

The Enforcement Directorate, Mumbai Zonal Office has arrested Purushottam Chhaganlal Mandhana, former Chairman and Managing Director of M/s Mandhana Industries Limited, on July 18 under the provisions of Prevention of Money Laundering Act, 2002 against MIL and others in a case of bank fraud. The agency initiated an investigation on the basis of FIR registered by CBI, BS & FB, …

ED makes fresh arrest in Rajasthan's Jal Jeevan Mission case
5 months, 2 weeks ago

ED makes fresh arrest in Rajasthan's Jal Jeevan Mission case

Deccan Chronicle  

Jaipur: The Enforcement Directorate has made a fresh arrest in connection with its money laundering investigation into alleged irregularities in the Jal Jeevan Mission scheme being implemented in Rajasthan, officials said on Wednesday. The central government's Jal Jeevan Mission aims to provide safe and adequate drinking water through household tap connections and is being implemented in Rajasthan by the state's …

180 bank accounts under scanner, staff arrested
5 months, 4 weeks ago

180 bank accounts under scanner, staff arrested

Hindustan Times  

At least 180 bank accounts, most of them corporate, are under scrutiny following the arrest of Rahul Kumar, a deputy manager at the State Bank of India, for his alleged involvement in a cyber fraud scheme, police said on Monday. Police reported that ₹ 3.32 crore was transacted from this account between May and June, with the funds originating from …

ED: Proceeds from sand mining used to pay excavator loans
6 months, 1 week ago

ED: Proceeds from sand mining used to pay excavator loans

New Indian Express  

CHENNAI: The Enforcement Directorate ’s investigation into the money trail of the alleged Rs 4,730 crore river sand mining scam has indicated that a portion of the cash from the sale of sand was routed through multiple accounts to one primary account, which was used for repaying monthly dues for loans taken to buy excavators. As part of the probe, …

ED attaches CPM office land, bank accounts
6 months, 1 week ago

ED attaches CPM office land, bank accounts

New Indian Express  

KOCHI: The CPM has landed in more trouble in the Karuvannur Service Cooperative Bank money laundering case, with the Enforcement Directorate on Friday temporarily attaching the party’s Porathissery office land and eight bank accounts in Thrissur district. ED had named CPM as a key accused in the case after a probe revealed that money involved in the scam was diverted …

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case
6 months, 3 weeks ago

ED arrests another suspect in Rajasthan’s Jal Jeevan Mission money laundering case

India TV News  

The Enforcement Directorate has made a new arrest in its ongoing money laundering investigation concerning alleged irregularities in the Jal Jeevan Mission scheme in Rajasthan, official sources reported on Friday. About the case It is pertinent to note that the money laundering case originally stems after the anti-corruption bureau registered an FIR citing that Padamchand Jain, Mahesh Mittal, Piyush Jain, …

ED seizes 19.50 kg gold linked to ₹4,978-crore cyber fraud case
7 months, 4 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 arrests four more persons in money laundering case against Hemant Soren
8 months, 2 weeks ago

ED arrests four more persons in money laundering case against Hemant Soren

The Hindu  

The Enforcement Directorate has made four fresh arrests in connection with the alleged illegal land grab-linked money laundering case against former Jharkhand chief minister Hemant Soren and others, official sources said on April 17. The agency had filed a charge sheet against Mr. Soren, Mr. Prasad, Mr. Soren’s alleged “frontmen” — Raj Kumar Pahan and Hilariyas Kachhap — and the …

ED files first chargesheet in Delhi Jal Board money-laundering case
9 months, 1 week ago

ED files first chargesheet in Delhi Jal Board money-laundering case

New Indian Express  

NEW DELHI: The Enforcement Directorate has filed its first chargesheet in connection with a money-laundering probe linked to alleged irregularities in the Delhi Jal Board, official sources said on Saturday. Four individuals and a company have been named as the accused in the chargesheet -- former DJB chief engineer Jagdish Kumar Arora, contractor Anil Kumar Agarwal, former NBCC general manager …

ED Attaches Rs 32 Crore in Part Time job Fraud Case
9 months, 1 week ago

ED Attaches Rs 32 Crore in Part Time job Fraud Case

Deccan Chronicle  

Hyderabad: Officials from Hyderabad Enforcement Directorate attached Rs 32.34 crore that was lying unused in around 580 bank accounts, under the provisions of Prevention of Money Laundering Act, 2002, in a case pertaining to a part-time job scam in the name of review and ratings of websites, hotels and resorts. The cyber criminals would approach gullible persons on WhatsApp and …

ED Arrests Arvind Kejriwal: What You Must Know About Money Laundering & Its Consequences
9 months, 2 weeks ago

ED Arrests Arvind Kejriwal: What You Must Know About Money Laundering & Its Consequences

News 18  

On Thursday, March 21, Delhi Chief Minister and Aam Aadmi Party convener, Arvind Kejriwal, was arrested by the Enforcement Directorate under the Prevention of Money Laundering Act, 2002, allegedly for involvement in a money laundering case linked to a liquor scam. Money laundering involves illicitly disguising large sums of money earned from unlawful activities such as drug trafficking or terrorist …

ED attaches immovable assets of a hotel worth ₹44 crores under money laundering case
9 months, 2 weeks 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 conducts fresh searches in Mahadev app linked money laundering case
10 months, 1 week 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 …

Punjab & Sind Bank employee steals over ₹52 crore from customers' FDs to play online games; ED attaches accused's assets
11 months, 2 weeks ago

Punjab & Sind Bank employee steals over ₹52 crore from customers' FDs to play online games; ED attaches accused's assets

Hindustan Times  

New Delhi, January 21 : The Enforcement Directorate has attached the assets of a former Punjab and Sind Bank employee who allegedly broke customer FDs worth over ₹52 crore and used the money to play online games, the agency said on Sunday. HT Image ED initiated an investigation on the basis of an FIR registered by the CBI against Bedanshu …

ED arrests Jet Airways founder Naresh Goyal in bank fraud case
1 year, 4 months ago

ED arrests Jet Airways founder Naresh Goyal in bank fraud case

Deccan Chronicle  

Mumbai: The Enforcement Directorate late Friday night arrested Jet Airways founder Naresh Goyal in a money laundering case linked to an alleged bank fraud of Rs 538 crore at the Canara Bank, official sources said. The money laundering case stems from an FIR of the Central Bureau of Investigation against Jet Airways, Goyal, his wife Anita and some former company …

Haryana: One arrested by ED in financial fraud case liked to NHAI, state Infrastructure body
1 year, 4 months ago

Haryana: One arrested by ED in financial fraud case liked to NHAI, state Infrastructure body

India TV News  

One accused was arrested in an ongoing money laundering investigation linked to alleged financial fraud with the NHAI and the Haryana State Industrial and Infrastructure Development Corporation, said the Enforcement Directorate on Wednesday. The ED last month arrested Naresh Kumar Sheokhand, a former district revenue officer-cum-land acquisition collector of Panchkula, in this case. Shekhar, in connivance with Sheokhand and others, …

ED Files Charge Sheet Against 'Conman' Who Duped People in Name of PMO, Contacts with Politicians
1 year, 5 months ago

ED Files Charge Sheet Against 'Conman' Who Duped People in Name of PMO, Contacts with Politicians

News 18  

A charge sheet under the anti-money laundering law has been filed against alleged conman Sanjay Prakash Rai alias Sanjay Sherpuria for “cheating” several people by portraying himself to be close to the PMO, senior bureaucrats and politicians, the ED said on Wednesday. The said payment of Rs six crore was received by Rai “under the guise of donation in YREF …

ED arrests man in Pune co-op bank fraud case worth Rs 430 Cr
1 year, 6 months ago

ED arrests man in Pune co-op bank fraud case worth Rs 430 Cr

India Today  

The Enforcement Directorate arrested one Sagar Maruti Suryawanshi, in the Pune-based Seva Vikas Co-operative Bank fraud case. The co-op bank suffered a loss of nearly Rs 430 crore, as its Directors and Chairman are responsible for giving out fraudulent loans which later turned into NPA. Subsequently, an audit of the bank, found gross fraud and misappropriation of Rs 429.6 Crore …

ED seizes assets worth over Rs 121 crore in Pune bank fraud case
1 year, 7 months ago

ED seizes assets worth over Rs 121 crore in Pune bank fraud case

India Today  

The Enforcement Directorate has provisionally attached 47 immovable properties worth Rs 121.81 crore in Pune and movable assets worth Rs 54.25 lakh of Devi Concrete Products under the provisions of the Prevention of Money Laundering Act, 2002. The ED initiated the PMLA investigation based on a predicate FIR at Pune’s Vimantal Police station against Vinay Aranha of the Rosary Education …

ED arrests two accused in Chhattisgarh ‘liquor scam’ case
1 year, 7 months ago

ED arrests two accused in Chhattisgarh ‘liquor scam’ case

The Hindu  

The Enforcement Directorate has arrested two persons and seized movable assets worth ₹28 crore in connection with the ‘liquor scam’ in Chhattisgarh, said the agency on Thursday. The agency had taken them into custody and got the remand of main accused Anwar Dhebar extended, for recording their statements under the Prevention of Money Laundering Act. As alleged by the ED, …

ED Arrests 7 After Raids Against Jharkhand IAS Officer, Others in Money Laundering Case
1 year, 8 months ago

ED Arrests 7 After Raids Against Jharkhand IAS Officer, Others in Money Laundering Case

News 18  

The Enforcement Directorate has arrested seven people, including a government official after it conducted raids in Jharkhand, Bihar and West Bengal in connection with a money laundering investigation linked to an alleged land grab case, official sources said Friday. The raids were launched on Thursday at 22 places in the three states, including at the premises of 2011-batch Jharkhand cadre …

2 ED staffers held for helping Amar Mulchandani’s associate
1 year, 9 months ago

2 ED staffers held for helping Amar Mulchandani’s associate

Hindustan Times  

Mumbai: The Enforcement Directorate on Friday arrested two of its staff members for helping an associate of Amar Mulchandani, former chairman of Seva Vikas Co-operative Bank, who was arrested in a multi-crore fraud earlier in January. The agency claimed that in two of the loans taken by Aranha from the SVC Bank, they had mortgaged the property, which was already …

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case
1 year, 10 months ago

ED raids in over 8 spots linked to Nagpur bizmen in Rs-1,000 crore investment fraud case

India Today  

The Enforcement Directorate conducted a day-long raid on over eight locations linked to several businessmen and entry operators in Maharashtra’s Nagpur in connection with an alleged Rs-1,000 crore investment fraud case on Friday. According to sources, the case is related to an investment fraud-cum-money laundering racket run by Pankaj Mehadia and his accomplices where they duped investors of hundreds of …

ED searches 14 premises including BSE-listed company in Power Bank app fraud case
1 year, 10 months ago

ED searches 14 premises including BSE-listed company in Power Bank app fraud case

India Today  

The Enforcement Directorate conducted searches at 14 premises pertaining to Sagar Diamond Limited, a BSE listed company, RHC Global Exports Limited, their director Vaibhav Dipak Shah and their associates in Surat SEZ, Ahmedabad and Mumbai in the Power Bank App fraud case. During the search, cash worth 25 lakh, gold, diamonds and other valuables amounting to Rs 10 crore, digital …

Kerala: ED arrests ex-bureaucrat over alleged corruption in housing scheme
1 year, 10 months ago

Kerala: ED arrests ex-bureaucrat over alleged corruption in housing scheme

Hindustan Times  

The Enforcement Directorate has arrested former bureaucrat M Sivasankar after three-day questioning in connection with the alleged corruption in the Life Mission scheme for free houses for the homeless in Kerala. Sivasankar, a former principal secretary to the Kerala chief minister, earlier spent 100 days in jail in connection with the seizure of 30 kg of gold from a diplomatic …

Enforcement Directorate freezes accounts of cyber criminals on cases registered in Kadapa
2 years ago

Enforcement Directorate freezes accounts of cyber criminals on cases registered in Kadapa

The Hindu  

The Enforcement Directorate has ordered freeze of ₹64 crore in several bank accounts involved in cyber crime cases reported from Kadapa district. According to Kadapa police, this is for the first time that the ED has cracked the whip in Andhra Pradesh on cyber criminals, especially those who had cheated the public in the garb of making easy money and …

ED arrests two businessmen for Delhi liquor policy case
2 years, 1 month ago

ED arrests two businessmen for Delhi liquor policy case

Deccan Chronicle  

NEW DELHI: The ED has arrested two businessmen — Vijay Nair and Abhishek Boinpally — in connection with its ongoing money laundering probe into the Delhi Excise policy that was scraped following corruption allegations, official sources said Monday. Nair, a former CEO of an event management company, has been associated with the Aam Aadmi Party, according to the CBI and …

ED arrests man for cheating people on pretext of making investments in Russian oil firm
2 years, 3 months ago

ED arrests man for cheating people on pretext of making investments in Russian oil firm

India TV News  

Highlights Special Prevention of Money Laundering Act court in Hyderabad authorised the ED to arrest accused. The Enforcement Directorate has arrested a man who is alleged to have laundered multi-crore funds by duping people in the name of investments into hedge funds of prominent Russian oil company Rosneft. The ED said Malik was arrested by the EOW in May for …

Enforcement Directorate files money laundering charges in Bhima Koregaon case
2 years, 4 months ago

Enforcement Directorate files money laundering charges in Bhima Koregaon case

India Today  

The Enforcement Directorate has registered a money laundering case in the Bhima Koregaon-Elgaar Parishad case. Several activists and people linked to banned outfits were arrested by the Pune Police in the case, which was later transferred to the National Investigation Agency. On January 1, 2018, clashes were reported when a group of people were on their way to Bhima Koregaon …

Discover Related