Mumbai, March 27 (IANS) Residential flats, commercial shops and office space relating to the Goregaon Pearl CHS Project and worth Rs 41.70 crore were seized by the ED in a fraud with homebuyers and other investors in Goregaon, Mumbai, an official said on Friday.The Directorate of Enforcement (ED), Mumbai Zonal office, provisionally attached assets/properties on March 25, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, the ED said in a statement.The attached assets in…
Latest Adjudicating Authority News & Updates
New Delhi, March 12 (IANS) The Reserve Bank of India (RBI) issued a compounding order, on February 10, under the Foreign Exchange Management Act, 1999 (FEMA), in the case of Metrocorp Infrastructure Limited, which has resulted in termination of adjudication proceedings against the company for contraventions of provisions of the law, according to an official statement issued on Thursday.The order has been passed by the RBI after issuance of “No Objection” by the Directorate of Enforcement (ED).Th…
New Delhi, Feb 16 (IANS) An Adjudicating Authority under the Foreign Exchange Management Act, 1999 (FEMA) on Monday slapped a penalty of Rs 184 crore on controversial journalist and production company owner Prabir Purkayastha and his firm for violating FDI norms and illegal foreign inward remittances, an ED official said on Monday.The Adjudicating Authority imposed a penalty of Rs 120 crore on PPK Newsclick Studio Pvt Ltd and Rs 64 crore on Purkayastha, director of the company, said a statement …
New Delhi, Feb 11 (IANS) The Reserve Bank of India (RBI) has issued a compounding order of the Foreign Exchange Management Act (FEMA) violations in the case of Deccan Digital Networks Pvt Ltd, according to a statement issued by the Enforcement Directorate (ED) on Wednesday.The compounding order was passed by the Reserve Bank on January 14 under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), “in the case of Deccan Digital Networks Private Limited, which has resulted in terminatio…
Lucknow, Jan 22 (IANS) A Special Court (PMLA) in Lucknow has taken cognisance of a charge sheet filed by the ED against a property advisor, who cheated property owners by making a false promise of redeveloping their assets, an official said on Thursday. The Directorate of Enforcement (ED), Allahabad Sub-Zonal Office, had filed a charge sheet on September 29, 2025, before the Special Court (CBI), West, Lucknow, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in the ca…
New Delhi, Jan 12 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act (FEMA), in the case of Elsteel Modular India Private Limited, which has resulted in termination of proceedings against the company for alleged contraventions of the law, according to a statement issued by the Enforcement Directorate (ED) on Monday.The order was passed by the RBI on December 12, 2025 after the Directorate of Enforcement (ED) issued a “No …
New Delhi, Jan 9 (IANS) The Reserve Bank of India (RBI) has issued a compounding order on December 12, 2025, under section 15 of the Foreign Exchange Management Act (FEMA), 1999, in the case of Kakinada Seaports Limited, which has resulted in the termination of the proceedings against the company for alleged contraventions of provisions of FEMA, according to an Enforcement Directorate (ED) statement on Friday.The order was passed by the RBl after issuance of a “no objection” certificate by the E…