Lucknow, July 25 (IANS) The Enforcement Directorate (ED) has carried out search operations at ten premises located in Delhi, Uttar Pradesh and Punjab in connection with an alleged bank loan diversion and money-laundering case involving M/s Santosh Overseas Ltd (SOL), officials said on Saturday. The searches were conducted by the Lucknow Zonal Office under Section 17 of the Prevention of Money Laundering Act (PMLA), 2002, at premises linked to the company’s promoters, associated companies, facili…
Latest Enforcement Directorate News & Updates
Mumbai, July 25 (IANS) The Enforcement Directorate (ED) conducted search operations at various premises in Mumbai, Pune and Bengaluru in a case involving online gaming and betting platform, “All Panel Exchange” and seized incriminating documents and digital devices, an official said on Saturday. The ED’s Mumbai Zonal Office conducted the search operations under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, and froze various bank accounts related to multiple such entities…
Bengaluru, July 25 (IANS) The Enforcement Directorate (ED)’s Bengaluru Zonal Office on Saturday filed a chargesheet under the Prevention of Money Laundering Act (PMLA), 2002, against online gaming firms Gameskraft Technologies and RummyTime Technologies Private Limited, along with their founders and directors, for allegedly cheating users of real-money rummy platforms and laundering proceeds of crime amounting to nearly Rs 19,984 crore. The complaint was filed before the Special Court in Bengalu…
Mumbai, July 25 (IANS) The Directorate of Enforcement (ED), Mumbai Zonal Office, has issued a Provisional Attachment Order in the case of Prabhudas Virchand Lotia and others, attaching two immovable properties, including a Bandra Hotel, having an aggregate value of approximately Rs 332.24 crore, an official said on Saturday. The attached properties include Hotel Rangsharda situated at Bandra, Mumbai, and a land parcel located at Prabhadevi, Mumbai, which are under the possession and control of R…
Indore, July 25 (IANS) The Enforcement Directorate (ED) has provisionally attached nine immovable properties valued at Rs 3.48 crore in connection with the Indore Municipal Corporation (IMC) fake bill scam. The action was taken by the Indore Sub‑Zonal Office under the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing probe. The attached assets include residential houses and flats, residential plots, commercial shops and agricultural land located in Indore and Dhar district…
Mumbai, July 25 (IANS) The Enforcement Directorate secured from the Special Court (PMLA), Mumbai, an order to confiscate a flat in Thane (West) belonging to a co-accused in a financial fraud and partner in an infrastructure company, an official said on Saturday. The Special Court ordered the confiscation of the Proceeds of Crime under Section 8(7) of the PMLA in the matter of Yescube Infrastructure.The confiscation order was given in connection with a money laundering case involving Sandeep Shuk…
Mumbai, July 25 (IANS) A Special Court under the Prevention of Money Laundering Act (PMLA) in Mumbai has ordered the restoration of attached immovable properties worth Rs 22.40 crore to bona fide legitimate claimants, according to an official statement issued on Saturday.The order was passed by the Additional Sessions Judge on July 23.The Enforcement Directorate’s (ED) Mumbai Zonal Office had initiated a money laundering investigation against Vinod Kumar Chaturvedi, Manoj Pathak and others for t…
Thiruvananthapuram, July 25 (IANS) Leader of the Opposition in Kerala Assembly, Pinarayi Vijayan, on Saturday strongly rejected reports claiming that Sasidharan Kartha, Managing Director of Cochin Minerals and Rutile Ltd (CMRL), had told the Enforcement Directorate (ED) that payments made to his daughter T. Veena’s firm, Exalogic Solutions, were linked to his personal proximity to the Chief Minister.Vijayan dismissed the allegation as a “media creation” and challenged those making the claim …
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 …
New Delhi, July 24 (IANS) The National Testing Agency (NTA) has initiated a significant institutional rebuilding process by notifying senior professional positions and engaging young talent through its Pratibha Setu portal.This marks the first concrete step towards implementing the recommendations of the High-Level Committee of experts chaired by Professor K. Radhakrishnan.The autonomous body under the Ministry of Education has issued advertisements for four general manager positions on contract…