Page 2 - Pmla

Kavitha's nephew involved in transfer of illicit funds in liquor scam: ED

In what could further mount trouble for former Telangana chief minister K Chandrashekar Rao's family, the Enforcement Directorate on Saturday alleged that a nephew of BRS leader K Kavitha was "involved" in the transfer of illicit funds or the proceeds of crime in the Delhi excise policy-linked money laundering case. The central agency informed the special Prevention of Money Laundering Act (PMLA) court of Judge Kaweri Baweja in Delhi that it conducted searches at the premises of the said relative, Meka Sri Saran, on Saturday after his role in this case came to the fore during the questioning of Kavitha over the last week. Kavitha, the 46-year-old MLC daughter of former Telangana chief minister K Chandrashekhar Rao, was arrested by the ED on March 15 and she was produced before the court for extension of her custody on Saturday. The court sent her to agency's custody till March 26. The politician told reporters during her production in court that "this was a fraud and wrong case...we

Paytm PB failed to use mechanism for detecting suspicious transactions: FIU

Paytm Payments Bank failed to put in place an internal mechanism to "detect and report" suspicious transactions as stipulated under the anti-money laundering law and was unsuccessful in conducting due diligence of its payout service, the FIU said in its order that imposed a fine of Rs 5.49 crore on the digital entity. The federal financial intelligence gathering and dissemination agency said in its March 1 order that these charges against the bank, a registered reporting entity with the FIU under the PMLA, were "substantiated" after more than four years of investigation and a show cause notice that was issued against it on February 14, 2022. After the Union finance ministry issued a press statement on the FIU action, a Paytm Payments Bank spokesperson had said that the penalty pertains to issues within a business segment that was discontinued two years ago. "Following that period, we have enhanced our monitoring systems and reporting mechanisms to the Financial Intelligence Unit ...

Salman Khurshid's wife, 2 others laundered govt funds, alleges ED

The Enforcement Directorate on Monday alleged that senior Congress leader Salman Khurshid's wife Louise Khurshid and two others "laundered" Rs 71.50 lakh in central government funds for their personal gain. The federal agency said in a statement that its has provisionally attached 15 agricultural land parcels located in the Farrukhabad district of Uttar Pradesh and some bank deposits, worth a combined Rs 45.92 lakh, of the Dr Zakir Hussain Memorial Trust, under provisions of the Prevention of Money Laundering Act (PMLA). A probe found that "grant-in-aid of Rs 71.50 lakh received by the trust was not utilised for holding camps sanctioned by the Government of India but was laundered by Pratyush Shukla, a representative of the trust, Mohammad Athar, secretary to the trust, and Louise Khurshid, project director of the trust, for the interest of the trust and their personal gain", the Enforcement Directorate (ED) claimed. In this way, the fund received as grant-in-aid was laundered for .

'No FEMA violations': Hiranandani Group on ED searches at Mumbai office

Hiranandani Group said that the inquiry was related to a 15-year-old matter and it took time to find old records

ED issues seventh summons to Delhi CM Arvind Kejriwal in excise policy case

While issuing the summons, ED has also rejected Kejriwal's contention that the agency should wait for the court's decision instead of repeatedly sending summonses

ED files prosecution complaint against Tower Infotech, its MD, under PMLA

The complaint was filed before the Honorable Special Judge, CBI, Court No 1, City Session Court, Kolkata on February 3

PMLA court remands ex-CM Soren to judicial custody in money laundering case

A special PMLA court on Thursday remanded former Jharkhand chief minister Hemant Soren to judicial custody in connection with a money laundering case linked to an alleged land scam. The ruling Jharkhand Mukti Morcha executive president was in the ED custody. "Hemant Soren was produced before the special PMLA court today and he was remanded to judicial custody till February 22. We will file a bail application for him," said Advocate General Rajeev Ranjan, who appeared for the former chief minister. Soren was taken to Birsa Munda Central Jail at Hotwar in Ranchi from the court. He was arrested on January 31 by the ED. On February 2, the court granted five days of ED custody to Soren and extended it twice for seven days in total.

PMLA court extends ED custody of former CM Hemant Soren by 5 days

A special PMLA court on Wednesday extended the Enforcement Directorate (ED) remand of former chief minister Hemant Soren by five days in a money laundering case linked to an alleged land scam, lawyers said. Soren, JMM executive president, on February 2 was remanded to five days' ED custody by the special PMLA (The Prevention of Money Laundering Act) court which ended on Wednesday. "The ED had prayed for seven days of remand which we objected saying no further remand is required because he has already been interrogated for eight hours on January 20 and another eight hours on January 31," Advocate General Rajeev Ranjan, who appeared for Soren, told reporters. Apart from that, he has already been interrogated for 120 hours in five days. "So, there is no need for any further remand. But they have tried to expand this scope of investigation beyond the predicate offence matter. We have been saying that they (ED) have no power and jurisdiction to investigate anything beyond the predicate

ED asks J'khand CM Soren to record statement in PMLA case again this week

The Enforcement Directorate has issued a fresh summons to Jharkhand Chief Minister Hemant Soren and asked him to again record his statement in a money laundering case between January 27 and 31, official sources said on Monday. The central agency recorded his statement for the first time in the case on January 20 after investigators went to his official residence here. They recorded his statement under the Prevention of Money Laundering Act (PMLA) during the about seven hours they spent at his home. Soren has been asked to join the investigation again between January 27 and 31, and a Enforcement Directorate team will go to his residence like the last time, the sources said. The recording of statement did not finish that day (January 20), and hence, the chief minister has been asked to join the probe again, they said. The agency is understood to have put about 25-30 questions to Soren during the last week questioning in the money laundering case linked to alleged instances of illega

Court extends Senthil's custody till Jan 22 in money laundering case

He was arrested by the Enforcement Directorate (ED) on June 14 last year under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA)

Congress leader Priyanka Gandhi named in ED's PMLA case charge sheet

ED has named Robert Vadra in its earlier charge sheet related to the case as an alleged close aide of Thampi

Delhi court extends ED custody of 3 Vivo-India executives by 2 days

A Delhi court on Tuesday extended by two days the Enforcement Directorate custody of three Vivo-India executives in connection with a money laundering probe against the Chinese smartphone-maker and others. Additional Sessions Judge Aparna Swami extended the custody of Interim CEO of Vivo-India Hong Xuquan alias Terry, Chief Financial Officer (CFO) Harinder Dahiya and consultant Hemant Munjal on an application moved by the ED. The accused were produced before the court on the expiry of their three-day ED custody granted earlier. The accused were taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA). The federal agency had earlier arrested four people -- mobile company Lava International's MD Hari Om Rai, Chinese national Guangwen alias Andrew Kuang, and chartered accountants Nitin Garg and Rajan Malik -- in the case. They are in judicial custody at present. The ED had filed a charge-sheet against the four in a special PMLA court in Delhi. The cou

ED files PC against Premia Projects, Solitaire Infomedia under PMLA act

During the ED investigation, movable or immovable property worth Rs. 24.17 crore was provisionally attached

ED attaches immovable properties worth over Rs 200 cr across Tamil Nadu

As per officials, the crackdown was taken under the provisions of the Prevention of Money Laundering Act, (PMLA) 2002

Mahadev app case: Actor Sahil Khan, 3 others summoned for questioning today

In the Mahadev betting app case, there are allegations of fraud of 15,000 crore rupees along with match-fixing, illegal hawala, and cryptocurrency transactions

ED attaches assets worth Rs 6.79 cr in case involving cheating in 4 states

The assets were attached under the provisions of the Prevention of Money Laundering Act (PMLA), 2002, which include bank balances worth Rs 0.75 crore and immovable assets worth Rs 6.04 crore

PSBs get back Rs 15,183 cr following ED action under PMLA: Sitharaman

The Enforcement Directorate (ED) has confiscated assets worth Rs 15,186.64 crore under the stringent prevention of money laundering law and almost all of these have been restituted to public sector banks, Finance Minister Nirmala Sitharaman informed the Rajya Sabha on Tuesday. Replying to supplementary questions in the Rajya Sabha, the minister said specific actions through various legal provisions are being taken against defaulters and as a result, "huge monies" are going back to the banks. Sitharaman informed the House that as of March 31, 2023, legal suits were filed for recovery against 13,978 loan accounts, action under the SARFAESI Act has been initiated in 11,483 cases, FIRs have been filed in 5,674 cases, and an aggregate amount of Rs 33,801 crore has been recovered. "As of December 1, 2023, assets amounting to Rs 15,186.64 crores under the PMLA have been confiscated by the ED out of which Rs 15,183.77 crores have been restituted to the Public Sector Banks," she said. Chair

28 crypto, VDA platforms register with FIU-India to comply with PMLA norms

As many as 28 Virtual Digital Assets (VDA) service providers, including WazirX, Coin DCX and Coinswitch, have registered themselves with the Financial Intelligence Unit-India (FIU-IND), Finance Ministry said on Monday. The Finance Ministry in March had said entities dealing in VDAs, crypto exchanges and intermediaries would be considered "reporting entity" under the Prevention of money laundering Act (PMLA). Accordingly, crypto exchanges and intermediaries dealing with VDAs were required to perform KYC of their clients and users of the platform. To a question on whether these guidelines and reporting requirements are applicable to Offshore Crypto Exchanges servicing the Indian market, Minister of State for Finance Pankaj Chaudhary replied in the affirmative. "The guidelines and reporting requirements are applicable to offshore crypto exchanges servicing the Indian Market. The process of registration for the said VDA service providers has been initiated," Chaudhary said in the Lok .

SC defers hearing on pleas for reconsideration of 2022 PMLA verdict

The Supreme Court on Thursday adjourned by eight weeks the hearing on pleas seeking reconsideration of its July 27, 2022 verdict, which had upheld the Enforcement Directorate's (ED) powers to arrest and attach property under the PMLA. A three-judge bench headed by Justice Sanjay Kishan Kaul deferred the hearing, which continued since Wednesday, after Solicitor General Tushar Mehta, appearing for the Centre, sought time to address the arguments raised by the petitioners in detail. The bench also comprising justices Sanjiv Khanna and Bela M Trivedi allowed the amendment application moved by the petitioner's side, by which various 'new aspects' have been raised, and asked the Centre to file its reply within four weeks. The apex court said that the rejoinder to the Centre's reply be filed within four weeks thereafter. "The deferment will leave really no time for this court to pen down the order," the bench said, adding, "the Chief Justice of India will have to reconstitute the bench, i

Govt blocks 22 'illegal' betting apps and websites, including Mahadev Book

The owners of Mahadev Book are currently in custody, according to the central government's statement