Page 2 - Money Laundering Case

ED gets max tip offs for money laundering from media, social sites: FATF

Open source inputs like media reports, social media comments, tip offs and complaints form the bulk of information that leads the ED to identify potential money laundering cases, the FATF said on Thursday in its latest mutual evaluation report for India. The Financial Action Task Force (FATF), which steers the combat against money laundering and terrorist financing crimes, also lauded India's systems and regime created for this battle as it asked the country to bring about "major improvements" to strengthen prosecution in such cases. "The largest number of money laundering investigations are identified by ED (Enforcement Directorate) from open sources; from the general public, media reporting and information from social networks followed by verification of the information via the CCTNS (crime and criminal tracking network and systems) database and money laundering reports by LEAs (law enforcement agencies)," the report said. The FATF said the ED uses "seven avenues" to identify ...

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

Court to rule on summoning Lalu, Tejashwi in money laundering case today

On July 6, the Rouse Avenue court granted time and directed that ED shall file additional/ concluding charge sheet

ED surveys Ramprastha Group premises in money laundering case in Gurugram

The Enforcement Directorate conducted searches at multiple locations of real estate company Ramprastha Group in Gurugram on Wednesday as part of a money laundering investigation linked to alleged cheating with home buyers, official sources said. The ED case stems from a clutch of FIRs filed by the local police against the company by "disgruntled homebuyers for non-fulfilment of the promise of handing over the (housing) projects to them", the sources said. The projects include Ramprastha Rise, Ramprastha City and Ramprastha SKYZ located in Gurugram, Haryana. There was no response to phone calls made by PTI to the company. ED sources said some promoters of the group like Balwant Chaudhary, Arvind Walia and Sandeep Yadav have been called for questioning but they are yet to join the investigation. The company said on its website that it holds a large land bank in Gurugram with a combined development potential of over 80 million sq. ft. "We have successfully sold 8000 dwelling units i

SC defers hearing review petition challenging PMLA provisions to Sept 18

The court was hearing the review petition challenging of top court's judgement upholding the provision of PMLA

Power to arrest is proportional to its checks, balances: Delhi court to ED

A Delhi court has pulled up the Enforcement Directorate (ED) while granting bail to an accused in a money laundering case and said that the power to arrest must be directly proportional to its checks and balances coupled with unambiguous regulations. Granting bail to Mangelal Sunil Agarwal, Additional Sessions Judge (ASJ) Dheeraj Mor noted that in a "very unpleasant situation", while the previous investigating officer had cited him as a witness, the next IO chose to arrest him based on the same evidence available on record. "The hallmark of investigation is its objectivity. Subjective interpretation of IO must be deprecated as it would make a supposed objective investigation dependent upon his uncontrolled whims and fancies, who has been conferred extreme power of arrest that leads to curtailing liberty of an individual," the judge said in the order passed on August 31. "In these circumstances, it is apparent that one of the lOs was/is wrong and either acted upon the considerations

Excise policy scam: SC grants bail to ex-AAP functionary Vijay Nair

The Supreme Court on Monday granted bail to former AAP communication in-charge Vijay Nair in a money laundering case linked to the alleged Delhi excise policy scam, saying liberty is "sacrosanct". Relying on the legal principle of "bail is rule and jail is exception" cited by a coordinate bench, the top court said pre-trial incarceration cannot be a punishment. A bench comprising Justices Hrishikesh Roy and SVN Bhatti noted that Nair has been in jail for the last 22 months in the money laundering case where the maximum punishment is seven years. On August 12, the bench had sought a response from the Enforcement Directorate (ED) on the bail plea of Nair. Nair, who was arrested by the agency on November 13, 2022, had challenged the trial court's July 29 order dismissing his default bail plea. On July 3 last year, the Delhi High Court had refused to grant bail to Nair and other co-accused in the money laundering case. The money laundering case stems from a Central Bureau of Investig

ED attaches Rs 834 cr land of Emaar India, MGF Developments under PMLA

The attached properties, spanning 401.65 acres in Gurugram and Delhi, are linked to an ongoing investigation into fraudulent land acquisitions

Delhi excise scam: Court issues release warrant for BRS leader K Kavitha

A Delhi court on Tuesday issued release warrants for BRS leader K Kavitha in corruption and money laundering cases related to alleged Delhi excise policy scam. Special Judge Kaveri Baweja issued the order after being informed that the politician was granted bail earlier in the day by the Supreme Court in both the cases. The judge granted relief on a personal bond of Rs 10 lakh each in both the cases along with sureties. An apex court bench noted that Kavitha has been in custody for around five months and the probe against her by the Central Bureau of Investigation (CBI) and the Enforcement Directorate (ED) was complete in these cases. The apex court set aside a July 1 Delhi High Court order denying her bail. The high court had dismissed Kavitha's bail pleas in both cases, saying she was prima facie one of the main conspirators in the criminal conspiracy related to the formulation and implementation of the now-scrapped Delhi Excise Policy 2021-22. The ED arrested Kavitha (46) from

ED files money laundering case to probe irregularities in R G Kar Hospital

The Enforcement Directorate has filed a money laundering case to probe alleged financial irregularities at the RG Kar Medical College and Hospital during the tenure of its former principal Sandip Ghosh and some others, official sources said Tuesday. The federal agency has taken cognisance of a CBI FIR to file its Enforcement Case Information Report (ECIR), equivalent to an FIR, under various sections of the Prevention of Money Laundering Act (PMLA). The agency, according to the sources, has gathered banking and medical procurement documents related to this hospital and medical college from "various sources" and it may soon issue summons to the accused for questioning and recording of their statements, the sources said. The accused in the ED case are the same who have been named in the CBI complaint, they said. In its FIR registered on the directions of the Calcutta High Court, the CBI has booked Ghosh and three Kolkata-based private entities -- Ma Tara Traders of Madhya Jhorehat, .

HC bench recuses from hearing ex-cop Sachin Waze's plea seeking release

A division bench of the Bombay High Court on Tuesday recused from hearing a petition filed by dismissed policeman Sachin Waze seeking bail in the CBI's corruption case also involving former Maharashtra home minister Anil Deshmukh. Waze, who is in judicial custody, had sought to be released on bail, claiming he is an approver in the case and on grounds of parity as all the other accused are out on bail. A division bench of Justices Bharati Dangre and Manjusha Deshpande had earlier this month briefly heard the petition and said it would pass order on the interim bail request first and then hear the petition finally. However, on Tuesday, Justice Dangre recused from hearing the matter. "I did not realise then that this matter also involves Anil Deshmukh. I cannot hear pleas related to this," Justice Dangre said without elaborating any further. The petition will now be placed for hearing before another division bench. Waze, in his plea, said keeping him in jail, even after he was decl

SC grants bail to BRS Leader K Kavitha in Delhi liquor policy case

Bharat Rashtra Samithi leader secures bail from Supreme Court after five months in custody

SC adjourns hearing on Vijay Nair's bail plea in Delhi excise policy scam

The Supreme Court on Tuesday adjourned hearing on the bail plea of former Aam Aadmi Party communication in-charge Vijay Nair in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices Hrishikesh Roy and SVN Bhatti deferred the matter after the counsel for the ED sought a weeks' time for filing a counter affidavit. "Reluctantly, time prayed for is granted," the bench said. The top court had issued notice to the Enforcement Directorate (ED) on August 12 on the plea of Nair while noting that he has been in custody for two years. Appearing for Nair, senior advocates Abhishek Singhvi and Vikram Chaudhary submitted before the court on August 12 that he was arrested on November 13, 2022, and he has challenged the trial court's July 29 order dismissing his default bail plea. Earlier, on July 3 last year, the high court refused to grant bail to Nair and other co-accused in the money laundering case. The money laundering case stems from a Central Bureau

SC to hear K Kavitha's bail pleas in Excise policy case on Tuesday

The Supreme Court is scheduled to hear on Tuesday BRS leader K Kavitha's pleas seeking bail in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The apex court had on August 12 sought responses from the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) on Kavitha's pleas challenging the Delhi High Court's July 1 verdict denying her bail in these cases. As per the cause list of August 20 uploaded on the top court website, a bench of justices B R Gavai and K V Viswanathan is slated to hear her pleas. During the arguments on August 12, Kavitha's counsel had sought bail contending that she has been in custody for around five months and the charge sheet and prosecution complaint have already been filed by the CBI and the ED respectively. A prosecution complaint is the ED's equivalent of a charge sheet. Her lawyer had referred to the apex court's verdicts on the pleas filed by Delhi Chief Minister Arvind Kejriwal and Aam Aadmi Par

ED attaches assets worth Rs 29 cr in Ponzi scheme running Pearlvine

The Enforcement Directorate on Friday said assets worth more than Rs 29 crore have been attached under the anti-money laundering law as part of an investigation against a fraud investment website that ran a Ponzi scheme across the country. The action has been taken against the portal --www.pearlvine.com -- that runs under the banner of Pearlvine International, the central agency said in a statement. The money laundering case stems from an FIR filed by the CID of Meghalaya Police on a complaint made by the RBI. Pearlvine International was an "unrecognised" entity, which claimed itself to be US-based and provided several lucrative investment options. It collected a minimum amount of Rs 2,250 as membership fees and ran a Ponzi scheme in India between 2018 till March, 2023, the Enforcement Directorate (ED) said. During this period, the company organised seminars all around the country soliciting membership and popularising its benefits, the central agency said. At one point of time in

ED summons Dabur's Mohit Burman, others in Religare money laundering probe

Religare open offer case: Dabur Chairman Mohit Burman, three independent directors of Care Health Insurance and the manager of the open offer have been summoned by the Enforcement Directorate

Delhi Excise scam case: SC extends interim bail to Hyderabad businessman

The Supreme Court on Tuesday extended the interim bail granted to Hyderabad-based businessman Abhishek Boinpally in a money laundering case related to the alleged Delhi excise policy scam. A bench of justices M M Sundresh and Aravind Kumar adjourned the matter for hearing on October 14 as Additional Solicitor General S V Raju was not available. Senior advocate Kapil Sibal, appearing for Boinpally, submitted that the petitioner was arrested in October 2022 and referred to AAP leader Manish Sisodia case while seeking bail for him. During the brief hearing, advocate Zoheb Hossain, appearing for the ED, told the court that Boinpally has been out on interim bail owing to the condition of his wife, who is suffering from various ailments, since March 6 and requested the court to hear the matter in the presence of ASG. The apex court then adjourned the matter as the ASG was not available while extending the interim relief. On March 20, the top court noted that the businessman has been in

SC to consider listing Kejriwal's plea against CBI arrest in excise case

The high court had asked him to move the trial court for regular bail in the CBI case

SC to hear bail plea of Senthil Balaji in money laundering case on Monday

The Supreme Court is scheduled to hear on Monday the bail plea of former Tamil Nadu minister V Senthil Balaji, who was arrested by the Enforcement Directorate last year in connection with a money laundering case. A bench of Justices Abhay S Oka and Augustine George Masih is scheduled to hear Balaji's plea challenging the February 28 order of the Madras High Court dismissing his second bail petition in the case. The high court, while dismissing the bail petition, said that if he is let out on bail in a case of this nature, it will send a wrong signal and it will be against larger public interest. It said the petitioner has suffered incarceration for more than eight months and therefore, it will be more appropriate to direct the special court to dispose of the case within a time frame. "Accordingly, there shall be a direction to the Principal Special Court, Chennai, to dispose of the case within a period of three months from the date of receipt of copy of this order," it had ...

Excise policy cases: SC to hear BRS leader Kavitha's pleas on August 12

The Supreme Court is scheduled to hear on August 12 the pleas filed by BRS leader K Kavitha challenging the Delhi High Court's verdict denying her bail in corruption and money laundering cases linked to the alleged Delhi excise policy scam. The high court had on July 1 dismissed Kavitha's bail pleas in both the cases, saying she was prima facie one of the main conspirators in the criminal conspiracy related to the formation and implementation of the now-scrapped Delhi Excise Policy 2021-22. According to the cause list of August 12 uploaded on the apex court's website, a bench of Justices B R Gavai and K V Viswanathan is slated to hear her petitions. While dismissing her bail pleas, the high court had said no case for grant of regular bail was made for now as the investigation is at a crucial stage. It had rejected her plea for relief on the grounds of being a woman, saying as a well-educated person and a former MP, she cannot be equated to a vulnerable female, and the court cannot