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Page 3 - Enforcement Directorate

Bank loan 'fraud' case: ED raids ex-directors, promoters of Kwality Ltd

The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said. About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said. The money laundering case stems from a 2020 FIR of the CBI against Kwality Ltd and its directors filed in September, 2020 for allegedly cheating a consortium of 10 banks, led by the Bank of India, for an amount over Rs 1,400 crore through alleged bloating of financial statements and diversion of loan funds. The premises of the former promoters of the company, directors and other key persons are being searched, the sources said. Kwality Ltd. started as an ice-cream manufacturing company and diversified into milk-based products. Its former directors include Sanjay Dhingra, Siddhant Gupta, Arun ...

Bank loan 'fraud' case: ED raids ex-directors, promoters of Kwality Ltd
Updated On : 27 Nov 2024 | 11:58 AM IST

Manish Sisodia seeks SC's relief on bail condition in Delhi excise case

Deputy Chief Minister of Delhi Manish Sisodia has approached the Supreme Court seeking relaxation of his bail condition that requires him to appear before the investigating officer twice a week

Manish Sisodia seeks SC's relief on bail condition in Delhi excise case
Updated On : 22 Nov 2024 | 12:27 PM IST

Delhi HC stays Aircel-Maxis case against Chidambaram, seeks ED's reply

The Delhi High Court on Wednesday stayed the trial court proceedings against senior Congress leader P Chidambaram in the Aircel-Maxis case lodged by the Enforcement Directorate. The high court also issued notice to the Enforcement Directorate (ED) and sought its response on Chidambaram's petition challenging the trial court's order taking cognisance of the chargesheet filed by the agency against him and his son Karti in the money laundering case. "Notice issued. Till the next date of hearing, the proceedings against the petitioner shall remain stayed. List on January 22," Justice Manoj Kumar Ohri said, adding that he will pass a detailed order later. Senior advocate N Hariharan and lawyers Arshdeep Singh Khurana and Akshat Gupta, representing Chidambaram, contended that the special judge took cognisance of the chargesheet for the alleged offence of money laundering in the absence of any sanction for prosecution of the former Union minister who was a public servant when the offence w

Delhi HC stays Aircel-Maxis case against Chidambaram, seeks ED's reply
Updated On : 20 Nov 2024 | 12:20 PM IST

Delhi HC seeks ED's reply on Satyendra Jain's plea to delay trial hearing

It further stated that as per the status report of the CBI in the predicate offence, further investigation regarding multiple transactions by collection of records from numerous departments

Delhi HC seeks ED's reply on Satyendra Jain's plea to delay trial hearing
Updated On : 19 Nov 2024 | 2:48 PM IST

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach

The ED has reportedly quizzed the 'top' five sellers of both firms and found that many are former employees or relatives of former associates of Amazon and Flipkart

ED probes Amazon, Flipkart over ties with top sellers, alleges FEMA breach
Updated On : 19 Nov 2024 | 1:25 PM IST

ED shifts focus to Amazon and Flipkart ties with preferred sellers

Under India's FDI rules, e-commerce platforms are prohibited from exercising control over vendors and are required to operate solely as neutral intermediaries

ED shifts focus to Amazon and Flipkart ties with preferred sellers
Updated On : 18 Nov 2024 | 11:44 AM IST

Pressure from ED, CBI forced Delhi minister Kailash Gahlot to quit: AAP

Following the resignation of senior Aam Aadmi Party (AAP) leader and Delhi minister Kailash Gahlot, the party has accused the BJP of using central investigative agencies to coerce its leaders. AAP Rajya Sabha MP Sanjay Singh alleged that Gahlot's resignation was the result of "dirty politics" and a targeted campaign of raids and probes by the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI). Gahlot quit AAP on Sunday and tendered his resignation from the Delhi Cabinet, citing recent controversies facing the party and unfulfilled promises made to people. His decision to step down marks a significant blow to AAP, especially as he played a key role in election planning for the party in Delhi. Gahlot's exit comes just months before the Delhi assembly elections, intensifying political tensions between AAP and the BJP. "Pressure was created on Kailash Gahlot through ED and CBI raids, and now, he is speaking according to the BJP's script," Singh said at a press

Pressure from ED, CBI forced Delhi minister Kailash Gahlot to quit: AAP
Updated On : 17 Nov 2024 | 9:55 PM IST

'No prosecution sanction': AAP's Amanatullah Khan granted bail in ED case

Directing Khan be released on a bail bond of Rs 1 lakh, Special Judge Jitendra Singh of Rouse Avenue court said that there was sufficient evidence to proceed but no prosecution sanction obtained

'No prosecution sanction': AAP's Amanatullah Khan granted bail in ED case
Updated On : 14 Nov 2024 | 3:07 PM IST

ED launches new raids against 'lottery king' Santiago for money laundering

The Enforcement Directorate on Thursday conducted fresh searches against Chennai-based 'lottery king' Santiago Martin, the single biggest donor to political parties with over Rs 1,300 crore in electoral bonds, as part of a money laundering investigation, official sources said. The action comes after the Madras High Court recently allowed the ED to proceed against Martin as the Tamil Nadu Police had decided to close the predicate or primary FIR against him and a few others and a lower court accepted this police plea. Sources said multiple premises linked to Martin were being searched on Thursday in Chennai and some other places. The federal agency last year attached assets worth about Rs 457 crore in a case against Martin linked to an alleged loss of over Rs 900 crore to the Sikkim government by fraudulent sale of the state lottery in Kerala. Future Gaming Solutions India Pvt. Ltd. is the master distributor of Sikkim lotteries and the ED has been investigating Martin, known as the .

ED launches new raids against 'lottery king' Santiago for money laundering
Updated On : 14 Nov 2024 | 1:31 PM IST

Day before Jharkhand polls, ED raids 17 places over 'illegal infiltration'

Jharkhand elections: The alleged infiltration of Bangladeshis is one of the main poll planks of the BJP, which is hoping to make a comeback in the state after the 2019 Assembly poll defeat

Day before Jharkhand polls, ED raids 17 places over 'illegal infiltration'
Updated On : 12 Nov 2024 | 11:30 PM IST

Excise policy: HC asks ED to respond to Kejriwal's plea challenging summons

The Delhi High Court on Tuesday sought response of the Enforcement Directorate on a plea by AAP leader Arvind Kejriwal challenging summons issued to him on the agency's complaint in a money laundering case related to the alleged excise scam. Justice Manoj Kumar Ohri refused to stay the trial in the criminal case and said the trial court's order, which has been challenged by Kejriwal, is two months old and not a fresh order. The high court issued notice to the Enforcement Directorate (ED) on the petition which has challenged the summons issued to the former chief minister of Delhi on the complaint filed by the agency in the case. Kejrwal's counsel questioned the maintainability of the complaint on the grounds that while summons was issued by one officer, the complaint was filed by another officer. The former Delhi chief minister has challenged a sessions court's September 17 order which had dismissed his plea challenging the summons. The ED's counsel raised preliminary objection on

Excise policy: HC asks ED to respond to Kejriwal's plea challenging summons
Updated On : 12 Nov 2024 | 12:28 PM IST

ED restitutes property worth Rs 12.73 crore in Chennai's Saidapet Taluk

ED initiated investigation on the basis of an FIR registered by the Central Crime Branch

ED restitutes property worth Rs 12.73 crore in Chennai's Saidapet Taluk
Updated On : 12 Nov 2024 | 8:37 AM IST

ED files complaint against 'conman' Kiran Patel, hearing on Nov 27

The Enforcement Directorate (ED) said on Saturday it has filed a prosecution complaint against alleged Gujarat conman Kiran Patel before a special court here under the Prevention of Money Laundering Act (PMLA). The court took cognisance of the prosecution complaint and issued a notice to the accused to appear on November 27, the agency said. On August 29 last year, a court here granted bail to Ahmedabad-resident Patel, who was arrested for allegedly posing as a top official in the Prime Minister's Office (PMO) in March to dupe people and secure undue advantages from the administration. The ED initiated investigation on the basis of an FIR registered at the Nishat Police Station in Srinagar against Patel and others under various sections of Indian Penal Code. "The investigation revealed that Patel, a conman, impersonated himself as Additional Director (Strategy and Campaigns), PMO and fraudulently created/printed fake visiting cards for faking his identity to fulfil his ulterior ...

ED files complaint against 'conman' Kiran Patel, hearing on Nov 27
Updated On : 09 Nov 2024 | 2:12 PM IST

ED searches 19 premises of Amazon, Flipkart vendors in Fema probe

A total of 19 premises of these "preferred" vendors located in Delhi, Gurugram and Panchkula (Haryana), Hyderabad (Telangana) and Bengaluru (Karnataka) were covered as part of the action, they said

ED searches 19 premises of Amazon, Flipkart vendors in Fema probe
Updated On : 07 Nov 2024 | 5:19 PM IST

Court asks ED to supply chargesheet to accused in Delhi excise policy case

Special Judge Kaveri Baweja directed the Enforcement Directorate (ED) to carry out the exercise by November 13, when the matter would be heard next

Court asks ED to supply chargesheet to accused in Delhi excise policy case
Updated On : 04 Nov 2024 | 7:21 PM IST

ED files charge sheet against cyber fraudsters as I4C issues new advisory

Close on the heels of Prime Minister Narendra Modi urging people to guard against the menace of 'digital' arrests, probe agencies said they are taking action against this category of cyber crime with the ED filing a charge sheet in one such case and the I4C issuing a fresh advisory. The Enforcement Directorate (ED) issued a statement on Saturday, saying it filed a prosecution complaint before a special Prevention of Money Laundering Act (PMLA) court in Bengaluru last month against eight accused who allegedly "lured" common people through "fake" IPO allotments and stock market investments through fraudulent apps. "Probe found that a huge network of cyber scams in India, involving fake stock market investments and digital arrest schemes executed primarily through social media platforms like Facebook, Instagram, WhatsApp, and Telegram. "Known as 'pig-butchering' scams, stock market investment scams entice victims with promises of high returns, using fake websites and misleading WhatsAp

ED files charge sheet against cyber fraudsters as I4C issues new advisory
Updated On : 03 Nov 2024 | 12:21 PM IST

Returned assets of over Rs 185 cr to banks in loan fraud case, says ED

The Enforcement Directorate Wednesday said it has "returned" assets worth more than Rs 185 crore to a State Bank of India (SBI)-led consortium of banks which were allegedly cheated through a loan fraud by a Chandigarh-based pharma company. The case pertains to Surya Pharmaceutical Ltd., undergoing liquidation currently, its directors and promoters named Rajiv Goyal and Alka Goyal who caused "wrongful loss" worth Rs 828.50 crore to the banks, it said. The ED filed a criminal case against the accused company and its promoters taking cognisance of a CBI FIR. The agency said in a statement that loan was obtained by the company using "fabricated" documents such as invoices, transport details, lorry receipts etc. for issuance of Inland Letter of Credits (ILCs) and this money was subsequently "layered and siphoned off" by Surya Pharmaceutical Ltd. using a web of bank accounts of group companies and shell entities. This caused a loss of Rs 828.50 crore to the lending banks headed by SBI, i

Returned assets of over Rs 185 cr to banks in loan fraud case, says ED
Updated On : 30 Oct 2024 | 7:23 PM IST

ED chargesheets AAP lawmaker Amanatullah Khan in alleged Delhi Waqf Board

The Enforcement Directorate (ED) on Tuesday filed a chargesheet against AAP MLA Amanatullah Khan over money laundering charges in a case of alleged irregularities in the Delhi Waqf Board. The 110-page supplementary chargesheet also named one Mariam Siddiqui, who was not arrested by the ED as an accused in the case. The court is likely to take it up for consideration on November 4. Khan was arrested by the ED on September 2 from his Okhla residence and is currently in judicial custody. Special judge Vishal Gogne on Tuesday posted his bail application for hearing on November 7.

ED chargesheets AAP lawmaker Amanatullah Khan in alleged Delhi Waqf Board
Updated On : 29 Oct 2024 | 5:15 PM IST

ED conducts fresh raids in case of online betting, illegal IPL broadcast

The Enforcement Directorate said on Tuesday it has undertaken fresh searches in a money laundering case against a website that allegedly indulged in online betting on 2024 Lok Sabha election results apart from an illegal broadcast of IPL cricket matches. Cash, bank deposits and silver bars worth about Rs 4 crore were seized along with various other "incriminating" documents, digital devices and immovable property-related documents during the raids conducted on October 25 in Mumbai and in Kutch in Gujarat, the ED said in a statement. The action was taken against people providing technical and financial management support to the website named "Fairplay", which was allegedly involved in illegal activities. The money laundering case stems from an FIR of the Mumbai police cyber cell that was filed on the complaint of Viacom18 Media Pvt Limited against Fairplay Sport LLC and others for causing a loss of revenue of more than Rs 100 crore. The federal agency said its probe shows that Krish

ED conducts fresh raids in case of online betting, illegal IPL broadcast
Updated On : 29 Oct 2024 | 4:07 PM IST
Updated On : 26 Oct 2024 | 7:46 PM IST