Hyderabad, March 10 (IANS) The Directorate of Enforcement’s (ED) Hyderabad Zonal Office has provisionally attached fifty immovable properties, valued at Rs 29.76 crore, under the provisions of the Prevention of Money Laundering Act in the illegal surrogacy racket case. The racket was run by Dr Pachipalli Namratha, alias Athluri Namratha, in the name of Universal Srusthi Fertility & Research Centre. The attached properties are in the form of land parcels, flats, as well as a hospital in the n…
Latest PMLA News & Updates
Mangaluru, March 3 (IANS) The Directorate of Enforcement (ED) has filed chargesheet before the Special Court for PMLA cases in Mangaluru against accused Bhimashankar Bilgundi and Mallanna S. Maddarki in connection with an alleged stipend scam at Mahadevappa Rampure Medical College (MRMC), Kalaburagi.According to a press release issued on Tuesday, the chargesheet was filed on Monday. The case pertains to the alleged siphoning of stipend funds meant for postgraduate medical students at MRMC during…
New Delhi, Feb 28 (IANS) The domestic jewellery market, currently valued at approximately $85–90 billion, is projected to expand to $130–150 billion by 2030, driven by wedding demand, premiumisation, organised retail expansion, and rising consumer confidence, it was announced on Saturday.North India’s jewellery trade received a significant early-season boost as the 2nd edition of ‘DJGF Signature 2026’ opened at Bharat Mandapam here, organised by Informa Markets in India.Avinash Gupta, Vi…
New Delhi, Feb 27 (IANS) The Enforcement Directorate (ED) attached properties worth Rs 90.04 crore in Gurugram linked to the UAE-based fugitive Inderjeet Singh Yadav, who is allegedly involved in coercive settlements of loans given by private financers and other crimes, including murder and cheating and fraud involving over Rs 110 crore, an official said on Friday. The ED’s Gurugram Zonal Office attached various plots, residential and commercial properties owned by Yadav and his wife Reena Kumar…
Lucknow, Feb 25 (IANS) The Enforcement Directorate has provisionally attached immovable properties, including land, valued at more than Rs 598 crore in Agra, Uttar Pradesh, under the Prevention of Money Laundering Act, 2002, in connection with the case involving M/S Ansal Properties and Infrastructure Ltd. The ED launched its probe based on an FIR registered by the Central Bureau of Investigation’s Anti-Corruption Branch in New Delhi on January 23, 2019. The FIR was filed under sections 1…
New Delhi, Feb 20 (IANS) A Delhi court is scheduled to hear on Saturday the issue of taking cognisance of the Enforcement Directorate’s (ED) prosecution complaint filed against businessman Robert Vadra and others in a money laundering case linked to a 2008 land deal in Gurugram’s Shikohpur village. The matter will come up before the Rouse Avenue Courts, which is examining the ED’s chargesheet filed under the provisions of the Prevention of Money Laundering Act (PMLA). The ED has accused Vadr…
Bengaluru, Feb 18 (IANS) The Enforcement Directorate (ED), Bengaluru Zonal Office, has provisionally attached movable properties — balance in the foreign bank accounts, maintained in the USA and Singapore, amounting to USD 55.69 Million (Rs 505 crore), held in the names of overseas shell companies operated and controlled by one Paavan Nanda and Saumya Singh Rathore, under Public Money Laundering Act (PMLA), an official statement said on Wednesday. The company is accused of using artificial or a…
Chandigarh, Feb 17 (IANS) The Directorate of Enforcement’s (ED) Jalandhar zonal office has issued a provisional attachment order in connection with a money laundering investigation related to the digital arrest of S.P. Oswal under the provisions of the Prevention of Money Laundering Act (PMLA) of 2002, wherein the bank balance of Rs 1.76 crore has been attached. The ED initiated an investigation based on a first information report (FIR) registered by the Cyber Crime Police Station in Lu…
Ranchi, Feb 16 (IANS) The Enforcement Directorate’s Ranchi Zonal Office filed a chargesheet on Monday before the special court in Ranchi under the Prevention of Money Laundering Act (PMLA), against Maxizone Touch Private Limited and its directors, Chander Bhushan Singh and Priyanka. The case involves a large-scale multi-level marketing fraud that duped 16,927 investors across the country through a classic Ponzi scheme promising unrealistic lifelong monthly returns of 15 per cent, the ED said in …
Mumbai, Feb 16 (IANS) The Directorate of Enforcement’s (ED) Mumbai Zone has provisionally attached seven immovable properties, including flats in Mumbai, valued at approximately Rs 5.88 crore in connection with an NDPS-related money laundering case, an official statement said on Monday.The properties of those attached under the provisions of the Prevention of Money Laundering Act (PMLA) include Faisal Shaikh, Alfiya Shaikh and others.The investigation was initiated based on a complaint filed by …