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 …
Latest Prevention of Money Laundering Act News & Updates
Bengaluru, April 21 (IANS) The Enforcement Directorate (ED) concluded its raids on Tuesday after conducting a 21-hour search and seizure operation in the alleged Bitcoin-linked money laundering case. The raids were carried out at multiple locations linked to Congress leaders across Karnataka, including several places in Bengaluru.More than 100 officers concluded the searches at the residences of Congress MLA and Bengaluru Development Authority (BDA) Chairman N.A. Haris and his son, State Preside…
Kolkata, April 20 (IANS) The Enforcement Directorate (ED), on Monday, issued notices for interrogation to Kolkata Deputy Commissioner of Police (DCP) Shantanu Sinha Biswas and his two sons in connection with a money-laundering syndicate linked to notorious and absconding gangster Sona Pappu.Incidentally, on Sunday, the ED officials conducted a marathon raid and search operations at the residence of Sinha Biswas at Fern Road in South Kolkata and at a coaching centre owned by one of his sons.Insid…
Kolkata, April 19 (IANS) The Enforcement Directorate on Sunday detained businessman Joy Kamdar, the Managing Director of Sun Enterprise, as part of its investigation into a money laundering case against criminal Sona Pappu alias Biswajit Poddar and his linked syndicate.The businessman was detained after ED officials conducted a raid at his residence in the Behala area of South Kolkata earlier in the morning. The ED also raided two premises linked to Kolkata Police Deputy Commissioner Shantanu Si…
New Delhi, April 16 (IANS) A Delhi court on Thursday sent two former senior officials of the Anil Ambani-led Reliance Group — Amitabh Jhunjhunwala and Amit Bapna — to five days’ Enforcement Directorate (ED) custody in connection with a money laundering probe linked to an alleged bank loan fraud case.The Special Judge, PMLA, at the Rouse Avenue Courts allowed the ED’s plea for custodial interrogation, sending the duo to the agency’s custody, even as the federal anti-money laundering age…
New Delhi, April 16 (IANS) Anil Ambani-led Reliance Group said on Thursday that Amitabh Jhunjhunwala and Amit Bapna, who earlier held charge of senior positions in the group, are currently not working with it.The duo has been arrested by the Enforcement Directorate in connection with an ongoing money laundering investigation linked to an alleged banking fraud involving group entities such as Reliance Home Finance Ltd (RHFL) and Reliance Commercial Finance Ltd (RCFL).Reliance said that Jhunjhunwa…
Bhopal, April 15 (IANS) The Directorate of Enforcement (ED), Bhopal Zonal Office, has filed a prosecution complaint before a special court under the Prevention of Money Laundering Act (PMLA), 2002, in connection with a bank fraud case involving M/s Excel Vehicles Pvt. Ltd. and its directors, officials said on Wednesday.According to the ED, the complaint was filed on April 13 before the Special Court (PMLA) in Bhopal. Following the issuance of notice, the accused persons appeared before the court…
New Delhi, April 15 (IANS) In a setback to businessman Robert Vadra, a court here on Wednesday issued summons to him and eight others after taking cognisance of a prosecution complaint filed by the Enforcement Directorate (ED) in a money laundering case linked to a 2008 land deal in Gurugram’s Shikohpur village. The Special Court at Rouse Avenue directed Vadra, husband of Congress MP Priyanka Gandhi Vadra and son-in-law of former Congress President Sonia Gandhi, and the other accused to appear…
New Delhi, April 14 (IANS) A Delhi court on Tuesday sent Indian Political Action Committee (I-PAC) co-founder Vinesh Kumar Chandel to 10 days’ Enforcement Directorate (ED) custody in connection with a money laundering probe linked to the alleged coal pilferage case. Additional Sessions Judge Shefali Barnala Tandon of Patiala House Courts allowed the ED’s plea for custodial interrogation till April 23 after Chandel was produced before the court late on Monday night, with proceedings continuin…
New Delhi, April 11 (IANS) The Enforcement Directorate (ED) has conducted extensive search operations in connection with a money laundering case involving Earth Infrastructures Ltd (EIL) and its group entities, leading to the seizure of large amounts of cash, jewellery, bullion, and luxury watches. The searches were carried out on April 10 by the ED’s Delhi Zonal Office under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. A total of 10 premises in Delhi and Gurugram, li…