Chandigarh, May 29 (IANS) The ED arrested a company’s top official in a case related to causing Rs 155 crore loss to banks using Foreign Letters of Credit (FLCs) for creating a mirage of fake import of timber from Singapore, an official said on Friday. The Directorate of Enforcement (ED), Chandigarh Zonal Office, arrested Deepak Singla of Mahesh Timber Pvt Ltd under Section 19 of the Prevention of Money Laundering Act (PMLA), 2002, on May 18, 2026.Subsequently, transit remand was taken from Ro…
Latest Oriental Bank of Commerce News & Updates
New Delhi, May 18 (IANS) The Rouse Avenue Court in Delhi on Monday granted the Enforcement Directorate (ED) 24-hour transit remand of Aam Aadmi Party (AAP) leader Deepak Singla after the central agency produced him before the court and sought his custody for further proceedings, sources said.Earlier on Monday, the ED arrested Deepak Singla following searches at multiple premises linked to him and several others in connection with an alleged bank fraud-linked money laundering case.Raids were cond…
New Delhi, May 18 (IANS) The Enforcement Directorate (ED) on Monday arrested Aam Aadmi Party (AAP) leader Deepak Singla following searches at multiple premises linked to him and several others in connection with an alleged bank fraud-linked money laundering case.Raids were conducted at locations in Delhi and Goa associated with Singla and certain alleged hawala operators, after which Singla was arrested.According to sources, investigators suspect that Singla was involved in handling hawala-based…
Ahmedabad, March 27 (IANS) The Enforcement Directorate (ED)’s Ahmedabad Zonal Office has filed a prosecution complaint under the Prevention of Money Laundering Act (PMLA), 2002, in connection with an alleged bank fraud case involving Shree Om Fab and others, officials said on Friday.The ED initiated its investigation based on a FIR registered by the Central Bureau of Investigation (CBI) following a written complaint lodged by the Oriental Bank of Commerce.A chargesheet was subsequently filed b…
New Delhi, March 20 (IANS) Reliance Group chairman Anil Ambani was interrogated by the CBI here for seven hours on Friday for the second day in a row in connection with the alleged Rs 2,929.05 crore SBI fraud case. The CBI had registered an FIR on August 21, 2025, following a complaint filed by SBI over allegations of fraud to the tune of Rs 2,929.05 crore on the public sector bank, in which Reliance Communications Limited, Anil D. Ambani and others, including unknown public servants, are accuse…
Ahmedabad, Jan 19 (IANS) The Enforcement directorate’s Ahmedabad Zonal Office has provisionally attached two immovable properties in connection with a bank fraud and money laundering case involving Shree Om Fab and others, officials said on Monday. The attachment was carried out on January 12, 2026, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. According to the ED, the attached properties — held in the names of accused persons Prem Devi Loonia and Payal Choksey –…