Guwahati, July 10 (IANS) The Directorate of Enforcement (ED) has provisionally attached movable and immovable assets worth around Rs 5.54 crore in connection with an alleged multi-crore Ponzi scam involving the Jeevan Suraksha Group of Companies, officials said on Friday. The attachment was made under Section 5(1) of the Prevention of Money Laundering Act (PMLA), 2002.According to the ED, the attached assets include credit balances of about Rs 1.42 crore lying in 48 bank accounts and 22 immovabl…
Latest Money Laundering Act News & Updates
Chennai, July 2 (IANS) The Directorate of Enforcement (ED) on Thursday said it had conducted searches at eight locations across Tamil Nadu and Kerala in connection with a money laundering investigation against M/s Dream Makers Global Pvt. Ltd. (DMGPL), which is accused of operating a multi-level marketing (MLM) and Ponzi scheme that allegedly cheated thousands of investors by promising exorbitant returns on investments. The searches were conducted under the provisions of the Prevention of Money …
Thiruvananthapuram, May 27 ( IANS) Senior CPI(M) Politburo member and former Kerala Chief Minister Pinarayi Vijayan came under the scanner of the Enforcement Directorate (ED) on Wednesday after central agency sleuths arrived at his Thiruvananthapuram residence in connection with the high-profile CMRL-Exalogic monthly payment case.The ED has already recorded the statement of Vijayan’s daughter, Veena Vijayan, whose IT firm, Exalogic Solutions, is at the centre of the controversy.While Pinarayi …
Kathmandu, May 3 (IANS) In a decisive step that shocked many, Nepal’s President Ram Chandra Poudel on Saturday issued an ordinance for the removal of 1,594 political appointees from previous years in a single stroke.The move has triggered widespread disruption across Nepal’s administrative sector. Officials across universities, state-owned enterprises, regulatory bodies, councils, boards, research institutes, and media organisations have been dismissed, leaving many institutions without lead…
Aizawl, April 30 (IANS) The Enforcement Directorate (ED) has filed a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002, before a special court in Aizawl against Jakir Hussain and 13 others in connection with an alleged fraudulent vehicle loan scam, the central probe agency sources said. The Central agency said that the ED, Aizawl Sub Zonal Office, has filed a Prosecution Complaint under Sections 44 and 45 of the PMLA, 2002, before the Special Court in Aizawl, ag…
Mumbai, April 21 (IANS) The Enforcement Directorate (ED) has taken possession of six immovable properties valued at Rs 9.29 crore in connection with more than Rs 2,400 crore fraud and money laundering related to a Dnyanradha Multistate Co-operative Credit Society Limited (DMCCSL) and its office bearers, an official said on Tuesday. “The properties, taken over by ED’s Mumbai Zonal Office, on April 18–19, are located in Kharghar, Mumbai and Pune and held in the name of Suresh Kute, Archana Kute …
New Delhi, April 15 (IANS) The Enforcement Directorate (ED) has provisionally attached assets worth Rs 159.51 crore in connection with its ongoing probe into large-scale illegal coal mining and pilferage in leasehold areas of Eastern Coalfields Limited (ECL), an official statement said on Wednesday.The action was taken under the provisions of the Prevention of Money Laundering Act (PMLA), 2002.The investigation has revealed that the illegal mining operations were allegedly run by a syndicate led…
New Delhi, April 11 (IANS) The Enforcement Directorate (ED) has conducted extensive search operations in connection with a money laundering case involving Earth Infrastructures Ltd (EIL) and its group entities, leading to the seizure of large amounts of cash, jewellery, bullion, and luxury watches. The searches were carried out on April 10 by the ED’s Delhi Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. A total of 10 premises in Delhi and Gurugram, li…
Guwahati, April 1 (IANS) The Directorate of Enforcement (ED) has filed a prosecution complaint before a special court in Guwahati against former Assam Civil Service (ACS) officer Sukanya Bora in connection with a money laundering case, officials said on Wednesday. The complaint was submitted before the court of the Special Judge, Assam, under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA). Bora, who has since been dismissed from service, was earlier posted as Additiona…
Ranchi, March 27 (IANS) The ED filed a chargesheet against a former SBI Branch Manager and his wife in a Special PMLA Court here in connection with a Rs 5.40 crore fraud involving manipulation of 440 customer accounts, an official said on Friday.The Directorate of Enforcement (ED), Ranchi Zonal Office, filed the chargesheet against Manoj Kumar, former Branch Manager (Scale-II Officer), State Bank of India, and his wife Nitu Kumari alias Nitu Devi on March 26, the ED said in a statement, adding t…