Kochi, July 25 (IANS) The Enforcement Directorate’s (ED) money laundering probe into the CMRL–Exalogic monthly payment case has entered a decisive phase, with former Chief Minister and Leader of the Opposition Pinarayi Vijayan and his daughter Veena T facing mounting legal pressure following crucial statements made by CMRL Managing Director Sasidharan Kartha.The ED is preparing to take the investigation to its next stage, with indications that Veena could soon be arraigned as an accused under …
Latest Adjudicating Authority News & Updates
Hyderabad, July 3 (IANS) The Directorate of Enforcement’s (ED) Hyderabad Zonal Office has auctioned an aircraft (Hawker 800A) seized in a case relating to a Rs 792 crore invoice discounting scam allegedly perpetrated by Amardeep Kumar and his company, Capital Protection Force Pvt Ltd (Falcon Group), an agency statement said on Friday.The Central agency said on Friday that, in a first-of-a-kind action, it auctioned the aircraft through MSTC Limited on July 1 for a sale consideration of Rs 3 crore…
New Delhi, June 25 (IANS) Reducing compliance burden, the Union Ministry of Health and Family Welfare notified amendments to the Clinical Establishments (Registration and Regulation) Act, 2010, replacing criminal penalties for procedural lapses with a fair administrative mechanism, an official said on Thursday. The reforms are aimed at promoting trust-based governance, improving ease of doing business, and ensuring proportionate regulatory enforcement, while continuing to safeguard patient safet…
Shillong, June 24 (IANS) The Directorate of Enforcement’s (ED) Shillong Sub-Zonal Office has provisionally attached an immovable property worth Rs 40 lakh under the Prevention of Money Laundering Act (PMLA) in connection with the alleged misappropriation of development funds of the Garo Hills Autonomous District Council (GHADC) in Meghalaya, an official statement said on Wednesday.The attached property is in the name of Ismail R. Marak, former Member of the District Council (MDC) for the Asanang…
Hyderabad, June 20 (IANS) The Enforcement Directorate (ED) has auctioned as many as 23 immovable properties worth approximately Rs 159 crore linked to alleged financial fraud accused Nowhera Shaik, the Heera Group of Companies, and associated entities, marking a significant step towards compensating thousands of investors, who were allegedly duped across the country, the agency said on Saturday.Shaik is the chief of Heera Group of companies.The ED said that the auction was conducted through Meta…
New Delhi, June 12 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of Foreign Exchange Management Act (FEMA), in the case of Ripe Accountancy Services Private Limited, which has resulted in the termination of proceedings against the company for contravention of provisions under FEMA, according to a statement issued by the Enforcememt Directorate (ED) on Friday. The order has been passed by the RBI with a one-time payment of Rs 1.77 lakh to be paid by the co…
New Delhi, June 3 (IANS) The Reserve Bank of India (RBI) has issued a compounding order under Section 15 of the Foreign Exchange Management Act, 1999 (FEMA), in the case of Jusda India Supply Chain Management Private Limited with a one-time payment of Rs 12,52,984. This has resulted in the termination of proceedings against the company for compounded contraventions of provisions of FEMA, 1999, according to a statement issued by the Enforcement Directorate (ED) on Wednesday.The order has been pas…
Shimla, April 24 (IANS) In the Rs 387-crore fake degree scam involving Manav Bharti University in Himachal Pradesh, the Enforcement Directorate (ED) obtained an order for confiscation of two properties belonging to the accused Mandeep Rana, who has been declared a Fugitive Economic Offender, an official said on Friday. The ED’s Shimla Sub-Zonal Office, obtained the order for confiscation on April 23 from the Special Court (PMLA).The ED initiated investigation under the Prevention of Money Launde…
New Delhi, April 2 (IANS) The Reserve Bank of India (RBI) has issued a compounding order on February 20 this year under Section 15 of the Foreign Exchange Management Act (FEMA), 1999, in the Rs 4.1 crore case filed against Vikram Mundlur, which has resulted in the termination of adjudication proceedings against him for contraventions of provisions of FEMA, 1999. The order has been passed by the RBI after issuance of a “no objection” statement by the Enforcement Directorate (ED) which was investi…
Ranchi, March 31 (IANS) The Enforcement Directorate has filed a fifth supplementary charge sheet before a PMLA Special Court in Ranchi in connection with the alleged MGNREGA scam in Jharkhand’s Khunti district, naming five additional accused, including close relatives of IAS officer Pooja Singhal, an official statement said on Tuesday.Those named in the latest charge sheet include Singhal’s mother Kamlesh Singhal, brother Siddharth Singhal, and mother-in-law Amita Jha. The other accused are …