Washington, July 17 (IANS) The FBI has arrested Indian national Nitish Kaushal in Vermont, days after placing him on its Most Wanted list, in what marks a major development in a sweeping US prosecution of an alleged Punjab-based transnational organised crime syndicate accused of operating across North America, Europe and Oceania.”Case Update: Nitish Kaushal has been arrested in Vermont,” the FBI’s Most Wanted account announced on X on Thursday.The bureau also appealed for public assistance to lo…
Latest Money laundering News & Updates
Chennai, July 13 (IANS) The Directorate of Enforcement (ED) has conducted extensive search operations across Tamil Nadu, Kerala, and Srinagar as part of an ongoing money-laundering investigation linked to online investment fraud and fake “Work From Home” scams. The ED, in a statement, said the raids were carried out on July 10 and 11 under the Prevention of Money Laundering Act (PMLA), covering 19 locations, including 16 in Tamil Nadu, 2 in Kerala, and 1 in Srinagar. The investigation stems from…
Ranchi, July 13 (IANS) The ED attached immovable properties valued at Rs 3.87 crore of a construction company and its associates in connection with alleged extortion by the Maoists and related money laundering, an official said on Monday. The assets were attached by the Directorate of Enforcement (ED), Ranchi Zonal Office, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, against Santosh Construction and its associates, the ED official said in a statement.Those named b…
New Delhi, July 13 (IANS) The Delhi High Court on Monday reserved its order on the interim bail applications filed by Al-Falah Trust money laundering case accused Jawad Ahmad Siddiqui, who has sought temporary release on humanitarian grounds citing his wife’s ongoing treatment for Stage-IV cancer. A single-judge Bench of Justice Saurabh Banerjee reserved orders after hearing detailed arguments from both sides on Siddiqui’s interim bail applications.Appearing for Siddiqui, senior advocate Vikram …
Kolkata, July 10 (IANS) The Trinamool Congress faction led by the former West Bengal Chief Minister Mamata Banerjee on Friday approached a single-judge bench of the Calcutta High Court, challenging the actions initiated by the Enforcement Directorate (ED) against three bank accounts held by the party with a private sector bank with a combined deposit amount of Rs 440 crore. The case in relation to these three bank accounts are complicated following the parallel investigations by the West Bengal …
Raipur, July 10 (IANS) The Directorate of Enforcement’s (ED) Raipur Zonal Office has delivered a fresh blow to the operators of the infamous Mahadev Online Book and Skyexchange illegal betting syndicate by attaching movable and immovable properties worth Rs. 940.77 crore belonging to Vikas Garg, his family members, and entities controlled by him, an agency press release said on Friday.The latest Provisional Attachment Order, issued under the Prevention of Money Laundering Act (PMLA), 2002, cover…
New Delhi, July 9 (IANS) The Central Bureau of Investigation (CBI) has dealt a major blow to India’s largest illegal online betting syndicate by filing 11 fresh charge sheets in the high-profile Mahadev App gambling case. The development marks a significant escalation in the probe into the multi-crore racket allegedly run from abroad.In one set of cases, the CBI filed six charge sheets against six accused, Ashim Das, Rohit Gulati, Vikas Chhaparia, Anil Dhammani, Vishal Ahuja, and Dheeraj Ahuja, …
New Delhi, July 8 (IANS) The Delhi High Court on Wednesday ordered the transfer of two interim bail applications filed by Al-Falah Trust money laundering case accused Jawad Ahmad Siddiqui to the Bench of Justice Saurabh Banerjee, before whom his regular bail plea in one of the Enforcement Directorate (ED) cases is also pending. The interim bail applications, arising out of two separate ED cases, were listed before the Benches of Justice Manoj Jain and Justice Madhu Jain.Appearing for Siddiqui, c…
Jaipur, July 7 (IANS) The Enforcement Directorate (ED) has provisionally attached movable and immovable assets worth around Rs 112.90 crore under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged Rs 376 crore bank fraud involving M/s LEEL Electricals Limited (formerly Lloyd Electric and Engineering Limited), its main promoter Bharat Raj Punj, and others. According to the ED’s Jaipur Zonal Office, the attached properties include land, industrial …
Kolkata, July 7 (IANS) The Enforcement Directorate (ED) on Tuesday launched a money laundering probe into transactions linked to three bank accounts of the Trinamool Congress on which “debit restrictions” were recently imposed following directions from the West Bengal Police, which is conducting a parallel investigation in the case.Multiple ED teams, accompanied by heavily armed Central Armed Police Forces (CAPF) personnel, carried out simultaneous raids and search operations at several location…