Page 5 - Enforcement Directorate

ED office or mortgaged asset? Legal battle over Rs 120 cr Rajokri property

The property is currently at the centre of a legal dispute with Union Bank of India, challenging its confiscation under the Prevention of Money Laundering Act

MUDA case: Complainant appears before ED to give evidence, produce records

Social activist Snehamayi Krishna, one of the complainants in the alleged MUDA 'scam' case, appeared before the Directorate of Enforcement (ED) here on Thursday to give evidence and produce records in connection with the investigation initiated by the federal agency, sources said. The ED on September 30 registered an Enforcement Case Information Report (ECIR), equivalent to an FIR by police, against the Chief Minister Siddaramaiah over the alleged irregularities in allotment of 14 sites to his wife Parvathi B M by the MUDA (Mysuru Urban Development Authority). The ED, which had taken cognisance of the FIR registered against the Chief Minister by the Lokayukta police on September 27, had summoned the Mysuru-based RTI activist to appear in person before the investigation officer at Bengaluru Zonal Office of the ED to give evidence and produce records in connection with the probe or proceedings under the Prevention of Money Laundering Act, 2002, the sources said. Based on Krishna's ...

MUDA scam: Karnataka CM questions ED for money laundering case against him

Karnataka Chief Minister Siddaramaiah on Tuesday questioned the Directorate of Enforcement (ED) slapping a Prevention of Money Laundering Act (PMLA) case against him, maintaining that the MUDA issue does not attract its provisions. I don't know on what grounds it's a money laundering case. Probably you too feel the same. According to me, it does not attract the money laundering case because compensatory sites were given. So, how is it a money laundering case? Siddaramaiah told reporters here. On Monday, the ED registered an Enforcement Case Information Report (ECIR), equivalent to an FIR by police, against the Chief Minister over the alleged irregularities in allotment of 14 sites to his wife by the MUDA (Mysuru Urban Development Authority). The ED has invoked relevant sections of the PMLA against the Chief Minister and others in the ECIR. The Chief Minister also ruled out the possibility of his resignation over the MUDA case. I work with conscience. So there is no need for me to

ED books Karnataka CM Siddaramaiah in MUDA-linked money-laundering case

The Enforcement Directorate on Monday booked Karnataka Chief Minister Siddaramaiah and some others in a money-laundering case linked to the Mysuru Urban Development Authority, taking cognisance of a recent state Lokayukta FIR, official sources said. The federal agency has filed an enforcement case information report (ECIR) to book the chief minister and others, they said. Siddaramaiah, his wife B M Parvathi, brother-in-law Mallikarjuna Swamy and Devaraju -- from whom Swamy had purchased land and gifted it to Parvathi -- and others have been named in the FIR registered by the Mysuru-located Lokayukta police establishment on September 27. The FIR was lodged after a special court in Bengaluru last week ordered a Lokayukta police probe against Siddaramaiah in the case. The order of the special court judge came a day after the high court upheld the sanction granted by Governor Thaawarchand Gehlot to conduct an investigation against the senior Congress leader on allegations of illegaliti

Burman family pushes for removal of Religare Chairperson Rashmi Saluja

Rashmi Saluja faces calls for removal ahead of key shareholders' meeting amid insider trading allegations and ED investigation

ED searches Telangana minister Reddy's premises in money laundering case

The Enforcement Directorate on Friday raided multiple premises linked to Telangana revenue minister P Srinivasa Reddy and some others as part of a money laundering case linked to an alleged smuggling racket of more than Rs 100 crore, official sources said. About five premises in the state, including Hyderabad, are being searched, they said. The money laundering case stems from a Directorate of Revenue Intelligence (DRI) complaint against Reddy's son, Harsha Reddy of the Raghav Group, who is alleged to have purchased seven watches worth Rs 7 crore. The payments for these are linked to an alleged hawala and crypto currency racket worth Rs 100 crore and a man named A Naveen Kumar is under the scanner of the ED. Ponguleti Srinivasa Reddy, a Congress leader, is the minister for Revenue, Housing, Information and Public Relations in the Telangana government.

Constitutional courts can't allow PMLA provisions to become ED's tools: SC

The Supreme Court on Thursday said constitutional courts cannot allow provisions of Prevention of Money Laundering Act to become instruments in the hands of the Enforcement Directorate to continue incarceration for a long time. The top court said when the trial of the complaint under PMLA is likely to prolong beyond reasonable limits, the constitutional courts will have to consider exercising their powers to grant bail. "The reason is that section 45(1)(ii) (of PMLA) does not confer power on the State to detain an accused for an unreasonably long time, especially when there is no possibility of trial concluding within a reasonable time. "What a reasonable time is will depend on the provisions under which the accused is being tried and other factors. One of the most relevant factors is the duration of the minimum and maximum sentence for the offence," a bench of Justices Abhay S Oka and Augustine George Masih said. The observations of the apex court came while granting bail to forme

ED files reply to bail plea of Satyendar Jain, hearing set for next week

Advocate Vivek Jain appeared for Satyendar Jain and informed the court that the reply has been received an hour ago

RG Kar case: ED summons TMC MLA Sudipta Roy for questioning, says official

The Enforcement Directorate has summoned TMC MLA Sudipta Roy for questioning in a money laundering case linked to alleged financial irregularities in the Kolkata-based R G Kar Hospital and Medical College, official sources said Thursday. Roy is the president of the West Bengal Medical Council and also holds charge of the R G Kar Patient's Welfare Committee. He has been questioned by the CBI in this case as it is also probing the alleged irregularities. The premises of the MLA from Serampore apart from that of some others, was searched hy the ED on Tuesday. Roy has been asked to appear at the ED office in Kolkata on Thursday for questioning in the case, the sources said. The CBI has arrested former principal of the hospital Dr Sandip Ghosh and three of his alleged associates in this case. The ED case filed under various sections of the Prevention of Money Laundering Act (PMLA) stems from the CBI FIR. These irregularities surfaced after the alleged rape and murder of a 31-year-old w

Delhi Court discharges Ambience Group promoter Raj Singh Gehlot in ED case

Raj Singh Gehlot, promoter of the Ambience Group, was arrested on July 28, 2021, in connection with the money laundering case related to alleged bank loan fraud

ED attaches assets worth Rs 43.52 cr in fraud case linking Ushdev Int'l

ED initiated the investigation on the basis of a First Information Report (FIR) registered by the Central Bureau of Investigation (CBI) under various sections of the Indian Penal Code

Axis MF front-running case: ED conducts searches in Mumbai, Kolkata

Front-running involves using confidential information on institutional trades to make investment decisions, potentially impacting stock prices

ED attaches fresh assets of Nirav Modi worth Rs 29.75 cr under PMLA

The Enforcement Directorate on Wednesday said it has attached fresh assets worth Rs 29.75 crore of fugitive diamond trader Nirav Modi under the anti-money laundering law. A provisional order has been issued under the Prevention of Money Laundering Act (PMLA) to attach these assets that are in the form of bank deposits, land, and buildings, it said in a statement. The agency, which has been probing Modi in the alleged USD 2 billion fraud against the Punjab National Bank for over five years now, has attached assets worth Rs 2,596 crore in India and abroad in the past. Modi, 53, is presently lodged in a UK jail and has lost his extradition plea to India in connection with this alleged bank loan fraud case, which is also being investigated by the Central Bureau of Investigation. Modi and his uncle Mehul Choksi, both prime accused in the case, along with others are being probed by the ED on money laundering charges for allegedly perpetrating fraud in connivance with bank officials and b

ED seizes Rs 12.9 lakh in Axis Mutual Fund's alleged front-running case

Front-running is a market malpractice of making personal gains by trading in securities ahead of large client orders

Sandip Ghosh's wife purchased properties without approval from WB govt: ED

The Enforcement Directorate Tuesday claimed that the wife of Sandip Ghosh, the former principal of Kolkata's RG Kar Medical College and Hospital, purchased two immovable assets without "proper approval" from West Bengal government authorities. The federal agency alleged in a statement that it has "found" documents related to about half-a-dozen houses, flats and a farmhouse owned by the doctor couple during searches conducted against them and their "close relatives" on September 6 at seven locations in Kolkata. Sandip Ghosh has been booked by the ED in an alleged financial irregularities linked money laundering case after taking cognisance of a CBI FIR. The ex-principal came under the scanner following the rape and murder of a 31-year-old postgraduate trainee doctor at the hospital on August 9. The ED said his wife, Dr Sangeeta Ghosh, purchased two immovable properties "without any proper approval from the state government authorities". "Interestingly, a post facto approval was gran

ED to prioritise asset restoration for victims; Rs 16,400 cr recovered

In addition to expediting the completion of investigations, the Enforcement Directorate will now prioritise restitution of assets

Doctor rape-murder: Lack of evidence affecting CBI probe, says official

Thirty days have passed after the body of a woman medic, raped and murdered, was recovered from state-run Kar Medical College and Hospital here, but investigators are still clueless about what led to the crime that has opened a can of worms. CBI detectives, who took up the probe into the case after the Calcutta High Court transferred the investigation from the Kolkata Police on August 13, said that they were unable to join several dots due to lack of evidence from the crime scene, a senior official said. This, he said, has affected the investigation of the crime which came to light after the body of the trainee doctor was found in the seminar room of the hospital on August 9. The police arrested Sanjoy Roy, a Kolkata Police civic volunteer, the next day in this connection. It was found during the investigation that former principal of the hospital Dr Sandip Ghosh ordered the demolition of a restroom and a toilet close to that seminar room on August 10. As a portion of the two areas

Punjab, Haryana HC dismisses plea of Cong MLA's son against ED arrest

The Punjab and Haryana High Court has dismissed a petition seeking quashing of criminal proceedings and arrest of a Haryana Congress MLA's son by the ED, citing 10 judicial pronouncements made by the Supreme Court on these issues. The Court of Judge Mahabir Singh Sindhu in Chandigarh on August 27 held that prima facie, the offence of money laundering was "clearly made out" against the petitioner Sikandar Singh Chokker and that his plea was "nothing but complete misuse of the process of Court as well as law." Sikandar Chokker is the son of Dharam Singh Chokker, sitting Congress MLA from the Samalkha (Panipat district) seat of Haryana. Dharam Singh Chokker has been recently given a ticket by his party for contesting the forthcoming assembly polls in the state from the same seat. Sikandar Chokker was arrested by the Enforcement Directorate (ED) on April 30 from a hotel in Haridwar, Uttarakhand on the basis of a special PMLA court issued arrest warrant against him in a money laundering

ED raids German company's subsidiary in case of fraud involving Rs 130 cr

The Enforcement Directorate on Saturday said it has frozen bank deposits, mutual funds and other financial investments worth more than Rs 9 crore as part of a money laundering probe against some former employees of a Pune-based subsidiary of a German firm who allegedly diverted company funds to the tune of crores of rupees. Searches were undertaken at six locations in Pune, Maharashtra and Delhi-NCR on September 4, the central agency said in a statement. The premises of the former employees and some vendors who worked "hand in gloves" with them were raided, according to the ED. The money laundering case stems from a Pune Police (Chakan police station) FIR based on a complaint made by the MD of HUF India Pvt Ltd., a subsidiary of German-based company HUF Halswerk & Furst GMBH & Co. KG, that is engaged in the production of electronic remote-control systems for four-wheeled vehicles. The company had an annual turnover ranging from Rs 100 crore to Rs 300 crore. It was alleged in ..

Delhi Court issues notice to ED on plea of Anubrata Mondal seeking bail

Special CBI Judge Jyot Kler, on September 4, issued notice to ED and sought reply on the bail application