Washington, June 24 (IANS) The United States imposed sanctions on a network linked to a Cambodia-based criminal organisation accused of running large-scale online fraud operations that have targeted Americans and laundered illicit proceeds through companies across Asia and beyond.The US Department of the Treasury said it sanctioned nine individuals and 26 entities connected to the Prince Group Transnational Criminal Organisation (Prince Group TCO), targeting senior leaders, investors in scam com…
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New Delhi, June 22 (IANS) The erstwhile Muhammad Yunus government in Bangladesh, which was once presented as a moment of reformist promise, is now increasingly being accused in the country of having indulged in large-scale corruption, with money being siphoned into Swiss bank accounts and tax havens such as the Cayman Islands and British Virgin Islands, according to an article in Bangladesh’s Asian Age newspaper.Particular attention has been drawn to recently reported data concerning Swiss ban…
Panaji, June 21 (IANS) The ED attached movable and immovable properties, including those in Singapore, valued at Rs 1,023.85 crore in a matter related to illegal iron-ore mining in Goa by the Salgaocar Group and its associated firms, an official said on Sunday. The provisionally attached movable and immovable properties include assets located in Singapore, the official said in a statement.The Enforcement Directorate (ED), Panaji Zonal Office, provisionally attached movable and immovable properti…
Washington, Feb 25 (IANS) The US has imposed sanctions on more than 30 individuals, companies, and vessels linked to Iran’s oil trade and weapons programmes. The Treasury Department on Wednesday said the action targets Iran’s so-called shadow fleet and networks supplying ballistic missile and advanced conventional weapons programmes.“Iran exploits financial systems to sell illicit oil, launder the proceeds, procure components for its nuclear and conventional weapons programs, and sup…
Chandigarh, Feb 13 (IANS) Two days after the Enforcement Directorate (ED) summoned former Punjab Chief Minister and BJP leader Capt Amarinder Singh and his son, Raninder Singh, in a 2016 Foreign Exchange Management Act (FEMA) case, the officer heading the federal agency office in Jalandhar has been transferred.A Union Ministry of Finance order reads, “Additional Director Ravi Tiwari, a 2009-batch Indian Revenue Service (IRS) officer, who had been posted to Jalandhar in September 2023, has now be…
Chandigarh, Feb 12 (IANS) The Enforcement Directorate has summoned BJP leader and former Punjab Chief Minister Capt Amarinder Singh and his son Raninder Singh in connection with a Foreign Exchange Management Act (FEMA) violation case of 2016. The father-son duo has been accused of being the beneficiaries of certain foreign assets, including a Swiss bank account.While Capt Amarinder Singh has been asked to appear before the ED at its Jalandhar office on Thursday, his son will be appearing on Thur…
New Delhi, Dec 31 (IANS) In a major crackdown on offshore assets stashed through complex corporate structures, the Enforcement Directorate (ED), Sub-Zonal Office, has issued a Provisional Attachment Order on December 30, 2025, freezing a high-value immovable property located in the prime Buckingham Palace area of London, United Kingdom. The luxury property is valued at approximately Rs. 150 crore, the investigation agency said in a statement. The attached asset is held under the beneficial owner…