New Delhi, June 15 (IANS) The Directorate of Enforcement (ED) has frozen 129 bank accounts containing balances of Rs 18.4 crore and conducted searches at eight locations across Mumbai, Thane, Bengaluru and Gurugram as part of an ongoing investigation into a large-scale online investment fraud and money laundering case, an official statement said on Monday.The searches were carried out by the Kolkata zonal office on June 1 and June 4 under the provisions of the Prevention of Money Laundering Act …
Latest Prevention of Money Laundering Act News & Updates
New Delhi, June 15 (IANS) A Delhi court on Monday took cognisance of the prosecution complaint filed by the Enforcement Directorate (ED) against former Reliance Communications (RCom) Director Punit Narendra Garg and other accused in an alleged Rs 40,000 crore bank fraud-linked money laundering case.Taking cognisance of the charge sheet filed by the federal anti-money laundering agency, the Rouse Avenue Court listed the matter for further hearing on July 4.The court also dismissed Garg’s bail ple…
New Delhi, June 15 (IANS) The Enforcement Directorate (ED) on Monday said it has arrested Sateesh Seth and Gautam Bhailal Doshi, Group MDs of the Reliance Anil Ambani Group (RAAG), under the Prevention of Money Laundering Act (PMLA), and they have been sent to its custody.The arrests were made on June 12 in the Reliance Infrastructure Ltd and Reliance Communications Ltd. matters, respectively, and both were sent to ED custody as the probe continues, the probe agency said in a statement.Seth was …
Mumbai, June 13 (IANS) The Enforcement Directorate (ED) has arrested two former executives of the Reliance Anil Ambani Group under the Prevention of Money Laundering Act (PMLA) in Mumbai, according to officials.The probe agency took transit remand of Sateesh Seth and Gautam Doshi who previously served as directors of Reliance Telecom Ltd. The CBI had booked and raided the premises of the duo in March as part of its investigation into an alleged loan fraud worth Rs 114.98 crore at the State Bank …
Hyderabad, June 12 (IANS) Searches conducted by Directorate of Enforcement (ED) in Hyderabad on Thursday in connection with the transport scam linked to Andhra Pradesh liquor scam led to seizure of a luxury car, costly watches valued at Rs 94.5 lakh and unaccounted cash.Incriminating documents including suspicious joint venture agreements, unaccounted cash transactions, property documents were recovered and seized, ED said in a release on Friday.The Central agency conducted searches under the pr…
Bengaluru, June 12 (IANS) In a significant move to restore the proceeds of crime to their rightful claimants, a Special Court under the Prevention of Money Laundering Act (PMLA) here has ordered the restitution of properties valued at Rs 8.41 crore to victims of money laundering and other legitimate claimants in a case involving the Ajmera Group and its associates, which is being investigated by the Enforcement Directorate (ED), an official statement said on Friday. The ED had initiated its inve…
Jalandhar, June 12 (IANS) In fresh action in a Rs 350 crore bank fraud, the ED searched six premises of Punjab Basmati Rice Limited and its officials and recovered Rs 8.50 lakh in cash and $8,600 in connection with suspected money laundering, an official said on Friday. The Directorate of Enforcement (ED), Jalandhar Zonal Office, carried out search operations on June 5 at six different business and residential premises relating to Punjab Basmati Rice Limited (PBRL) and its Directors/Promoters, i…
Bhopal, June 11 (IANS) The Directorate of Enforcement (ED), Bhopal Zonal Office, has provisionally attached movable properties worth approximately Rs 3.01 crore belonging to Anil Kumar Jain, former Assistant General Manager (AGM) of the State Bank of India (SBI), who was posted at the Local Head Office (LHO), Bhopal.The attachment was made under the Prevention of Money Laundering Act (PMLA), 2002, on June 10, 2026, an ED statement issued on Thursday said.The action stems from a First Information…
New Delhi, June 11 (IANS) Supreme Court judge, Justice Prashant Kumar Mishra, on Thursday recused himself from hearing Bollywood actor Jacqueline Fernandez’s plea challenging a Delhi court order framing charges against her in the Rs 200 crore money laundering case linked to alleged conman Sukesh Chandrashekhar.A bench of Justices P.K. Mishra and Atul S. Chandurkar was hearing the matter when Justice Mishra informed the parties that he would not be able to hear the case due to his son’s appeara…
Mumbai, June 10 (IANS) The Directorate of Enforcement (ED) has provisionally attached a prime Arabian Sea-facing property in Maharashtra’s Raigad district, valued at more than Rs 60 crore. The attachment was carried out by the ED’s Indore Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA) as part of its ongoing probe into the alleged Rs 1,400-crore bank fraud involving S. Kumars Nationwide Limited (SKNL), an official statement said on Wednesday.The property, locat…