New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Latest Prevention of Money Laundering Act News & Updates
New Delhi, April 28 (IANS) The Enforcement Directorate (ED) has attached another set of assets valued at Rs 3,034.90 crore in the Reliance Communications (RCom) Ltd bank fraud case, bringing the total attachment in Reliance Anil Ambani Group cases to over Rs 19,344 crore, according to an agency statement issued on Tuesday.The special investigation team (SIT) constituted on the directions of the Supreme Court is investigating the Reliance Anil Ambani Group (RAAG) cases involving diversion and lau…
Bhopal/Indore, April 28 (IANS) The Indore Sub Zonal Office of the Enforcement Directorate (ED) has taken a decisive step in a high-profile financial investigation by provisionally attaching immovable properties valued at Rs 7.76 crore.This action was carried out on April 24 under the rigorous provisions of the Prevention of Money Laundering Act of 2002. The assets involved in this attachment consist of various land parcels held in the name of Ruchi Acroni Industries Limited, a firm currently ope…
Patna, April 27 (IANS) Bihar Special Task Force (STF) Deputy Inspector General of Police Sanjay Kumar Singh, accompanied by DIG Niraj Kumar, on Monday stated that a series of coordinated operations carried out between January 1 and April 22 have significantly weakened criminal and Naxalite networks across the state.Addressing a press conference at the Police Headquarters in Patna, Singh revealed that the STF conducted 10 encounters during the period, resulting in the deaths of three criminals an…
Itanagar, April 25 (IANS) The Enforcement Directorate (ED) has carried out search operations at nine premises linked to wholesale liquor businesses across Arunachal Pradesh, intensifying its probe into an alleged large-scale illegal liquor smuggling network in the region, the central probe agency said on Saturday. The ED, Guwahati Zonal Office, conducted the search operations on Thursday (April 23) under the Prevention of Money Laundering Act (PMLA), 2002, at nine premises of wholesale liquor en…
Shimla, April 24 (IANS) In the Rs 387-crore fake degree scam involving Manav Bharti University in Himachal Pradesh, the Enforcement Directorate (ED) obtained an order for confiscation of two properties belonging to the accused Mandeep Rana, who has been declared a Fugitive Economic Offender, an official said on Friday. The ED’s Shimla Sub-Zonal Office, obtained the order for confiscation on April 23 from the Special Court (PMLA).The ED initiated investigation under the Prevention of Money Launde…
Chandigarh, April 23 (IANS) The ED seized sale purchase agreements and various incriminating documents during raids at 12 premises located in Chandigarh, Panchkula, Zirakpur, Dera Bassi and Rajpura (Patiala) in connection with Kotak Mahinda bank-cum-Municipal Corporation Panchkula Fraud Case, an official said on Thursday. The Directorate of Enforcement (ED), Chandigarh Zonal Office, conducted the searches under the Prevention of Money Laundering Act (PMLA), 2002, on Wednesday, said the official …
New Delhi, April 23 (IANS) A Delhi court has issued notice to the Enforcement Directorate (ED) on a bail plea filed by Indian Political Action Committee (I-PAC) co-founder Vinesh Kumar Chandel in connection with a money laundering probe linked to the alleged coal pilferage case. Additional Sessions Judge Dhirendra Rana of the Patiala House Courts sought the ED’s response on Chandel’s plea and posted the matter for hearing on April 29.Chandel is currently in ED custody pursuant to an order pa…
New Delhi, April 22 (IANS) The Supreme Court on Wednesday orally remarked that the alleged interference by West Bengal Chief Minister Mamata Banerjee in an ongoing Enforcement Directorate (ED) investigation had the effect of putting democracy “in peril”, observing that such actions cannot be brushed aside as a mere dispute between the state and the Union government.A bench of Justice Prashant Kumar Mishra and Justice N. V. Anjaria was hearing petitions filed by the ED seeking registration of a C…
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 …