PMLA
Online betting, gambling: ED freezes over 760 'mule' bank accounts, arrests two
The Enforcement Directorate (ED) has frozen 766 'mule' bank accounts and arrested two individuals, Vishal Bhardwaj and Sonu Kr Thakur, in connection with a money laundering investigation. This action targets a racket involved in illegal betting on IPL, T20 World Cup matches, and other gambling activities.
Thief or no thief? What cases say about Vijay Mallya
Vijay Mallya, facing accusations of bank loan defaults, has apologized for Kingfisher Airlines' collapse while denying being a thief. He expressed willingness to return to India under specific conditions, claiming his dues have been recovered multiple times over. Despite his claims, Mallya faces charges of criminal conspiracy, fraud, and money laundering, with investigating agencies detailing several cases against him.
Mithi river desilting: ED raids actor Dino Morea, BMC officials, others
The Enforcement Directorate conducted searches at actor Dino Morea's properties and other locations in Maharashtra and Kerala concerning a money laundering investigation. This probe is linked to the Mithi river desilting "scam," which allegedly caused a Rs 65 crore loss to the Brihanmumbai Municipal Corporation (BMC). The raids target over 15 premises, including those of contractors and others involved.
Wadhawan brothers siphoned Rs 11,500 crore from DHFL using 87 shell firms, says ED
Kapil and Dheeraj Wadhawan, promoters of DHFL, are accused of siphoning off over ₹11,500 crore through shell entities, using fraudulent loans. The ED's chargesheet details how they allegedly diverted funds to finance lavish purchases, including art, jewellery, and a helicopter.
Loan fraud case: ED says Wadhawans used public money for extravagant hobbies, lavish purchases
Kapil and Dheeraj Wadhawan, promoters of DHFL, are accused of misusing public funds obtained through a massive bank loan scam. An ED chargesheet alleges they diverted funds for personal luxuries, including purchasing paintings, gemstones, and a stake in a helicopter.
ED seizes Rs 1.70-cr cash, documents in raids against Jaypee Infratech Ltd, others
The Enforcement Directorate has seized Rs 1.70 crore and property documents during raids related to Jaypee Infratech and Jayprakash Associates. The searches occurred in Delhi, Noida, Ghaziabad, and Mumbai. Gaursons India, Gulshan Homz and Mahagun Real Estate were also searched. The case involves alleged fraud against homebuyers. FIRs were filed by Delhi and Uttar Pradesh police.
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ED searches premises of Jaypee Infratech, Gaursons, and others in Rs 12,000 crore fraud case
ED has raided 15 locations in Delhi-NCR, Mumbai in Rs 12,000 crore Jaypee Infratech fraud case. Probe targets fund diversion affecting homebuyers and investors linked to Jaypee, Gaursons, Gulshan, Mahagun, Suraksha Realty.
Herald case: ED names Congress leaders who 'sought donations' for Young Indian, AJL
The ED's chargesheet in the National Herald case alleges that some Congress leaders directed individuals to donate to Young Indian and AJL, promising favors in return. Failure to comply would reportedly harm their political careers and businesses. Sonia and Rahul Gandhi are named as accused in the case involving alleged illegal acquisition of AJL assets worth ₹2,000 crore.
Gifts might have been given during marriage: DK Shivakumar defends Parameshwara amid ED raids in gold smuggling case
Karnataka Deputy Chief Minister DK Shivakumar defended Home Minister G Parameshwara, amidst ED searches at institutions linked to him concerning a money laundering probe related to gold smuggling. Shivakumar asserted Parameshwara's integrity, suggesting any gifts to actress Ranya Rao were innocent gestures, not endorsements of illegal activities. He pledged the Congress party's full support, emphasizing Parameshwara's long-standing service and honesty.
ED probes EaseMyTrip CEO in Mahadev app betting scam
The Enforcement Directorate is investigating Nishant Pitti, founder and chairman of EaseMyTrip, in connection with the Mahadev betting app scam. Pitti is accused of colluding with operators to manipulate stock prices. The ED alleges Pitti's firm made payments to shell companies. Searches were conducted at Pitti's residence. Pitti denies all allegations, stating he is unaware of the individuals and companies mentioned.
Sonia Gandhi 'abused' her position to benefit self, son in AJL takeover: ED
Enforcement Directorate (ED) alleged that Sonia Gandhi misused her position as AICC president. ED claimed it was for personal gains for herself and Rahul Gandhi. This was done through Young Indian company, it said.
ED conducts multi-city raids in money laundering case
The Enforcement Directorate (ED) executed search operations across multiple cities, including Kolkata, Mumbai, and Bengaluru, investigating alleged money laundering within a firm. Under the PMLA, the ED seized foreign currencies worth Rs 6.43 lakh, gold bullion valued at Rs 55.74 lakh, and froze bank accounts holding approximately Rs 94 lakh.
Who is Vinay Kumar Choubey, former secretary to Jharkhand CM Hemant Soren, arrested in excise scam case?
Senior IAS officer Vinay Kumar Choubey was arrested by the Anti-Corruption Bureau (ACB) in Ranchi on Tuesday in connection with a money laundering case related to the alleged excise scam in Jharkhand. The arrest followed hours of interrogation, and Choubey was presented before a special court.
TN govt moves SC against ED raids at TASMAC
The Tamil Nadu government has appealed to the Supreme Court against the Enforcement Directorate's raids on TASMAC, the state-run liquor retailer. This action follows the Madras High Court's dismissal of the state's petition challenging the ED's authority to conduct searches under the Prevention of Money Laundering Act.
SC grants bail to businessman in Rs 2,000 crore liquor scam case: 'No rule one must spend a year in jail for relief'
The Supreme Court granted bail to businessman Anwar Dhebar in the Rs 2,000 crore liquor scam case, rejecting the notion of a mandatory one-year jail term for money laundering accused. The court cited the maximum seven-year punishment and the unlikelihood of a swift trial due to numerous witnesses. Dhebar's release is subject to stringent conditions set by the special court.
Chhagan Bhujbal, OBC stalwart who kept himself relevant amid changes in Maharashtra politics
Chhagan Bhujbal, a veteran Maharashtra politician, has navigated a long and controversial career, from his early days in the Shiv Sena to becoming a prominent OBC leader in the NCP. Despite facing corruption allegations and jail time, he has remained relevant by shifting allegiances and advocating for OBC reservations.
Won Rs 2 lakh, then fell into Rs 9 lakh debt trap: Young online gamer who nearly lost her life shares advice that could save yours
Shweta, a young professional, became addicted to online casino games after initial wins, leading to significant debt and a suicide attempt. Her story highlights the growing concerns around online gambling in India, particularly among young adults. Experts point to addictive designs, celebrity endorsements, and regulatory gaps as contributing factors to this rising problem, emphasizing the need for awareness and support.
ED arrests ex-UCO Bank Chairman Subodh Kumar Goel in connection with fraud case, gets custody till May 21
The Enforcement Directorate (ED) has arrested former UCO Bank CMD Subodh Kumar Goel on money laundering charges related to a Rs 6,200 crore loan fraud involving Concast Steel and Power Ltd (CSPL). Goel is accused of receiving illegal gratification for sanctioning credit facilities to CSPL, which were subsequently diverted.
'We shouldn’t have taken that loan': Byju’s CEO Raveendran on ED probe, loan default, and Byju’s 3.0
In his first extensive public comments since Byju's downfall, founder Byju Raveendran outlined a comeback strategy he calls “Byju’s 3.0”, stressing his resolve to rebuild the edtech giant. In a wide-ranging interview with ANI, he reflected on toxic work culture, investor pressure, and allegations of financial misconduct.
ED conducts fresh searches in Tamil Nadu TASMAC case
The Enforcement Directorate (ED) has intensified its investigation into the Tamil Nadu TASMAC-linked money laundering case, conducting fresh searches at multiple locations associated with TASMAC officials and agents in Chennai. These actions follow previous raids in March and a Madras High Court ruling dismissing the state government's petitions against the ED's investigation.
Money laundering case: Delhi court summons foreign, Indian officials of VIVO
A Delhi court has summoned top executives of VIVO, including CEO Shen Wei and CFO Chen Yu Fen, in a Rs 20,241 crore money laundering case. The court took cognizance of a supplementary chargesheet, alleging their pivotal role in creating shell companies and siphoning funds abroad.
Money laundering case: Delhi court summons foreign, Indian officials of Vivo
A Delhi court has summoned Vivo’s global CEO, CFO, and Vivo India CEO in a Rs 20,241 crore money laundering case. The court found sufficient evidence linking them to fund mismanagement and siphoning of crime proceeds abroad. They will face trial under India’s Prevention of Money Laundering Act.
ED shares Gensol probe findings with Delhi Police
Enforcement Directorate shared findings of its FEMA probe against Gensol Engineering promoters with Delhi Police EOW. The agency indicated a case against Gensol Engineering and Jaggi brothers. EOW is aware of complaints from IREDA and PFC. ED may register a case under PMLA and attach assets. Raids were conducted last month. The brothers resigned following SEBI's order.
ED attaches assets worth Rs 5,000 cr in US, UAE, Thailand in investors' 'fraud' case
The Enforcement Directorate has attached thirty assets. These assets are in the US, UAE, and Thailand. The attachment relates to a money laundering investigation. This investigation is linked to the 'Pan card club' fraud. The alleged fraud is worth over Rs 5,000 crore. The attached properties belong to subsidiaries of Panoramic Universal Ltd and Late Sudhir Moravekar.
President sanctions prosecution of Lalu Prasad Yadav in land-for-job money laundering case
President Murmu has sanctioned the prosecution of Lalu Prasad Yadav in the land-for-jobs case, involving alleged money laundering during his tenure as Railway Minister. The Enforcement Directorate's investigation, based on a CBI FIR, accuses Yadav of accepting land parcels in exchange for railway jobs.
Delhi court defers hearing in National Herald case against Sonia, Rahul Gandhi
A Delhi court has postponed the hearing in the National Herald money laundering case, which involves Congress leaders Sonia and Rahul Gandhi, to May 21 and 22. The decision came after the Enforcement Directorate's submissions, with the court noting that notices had been served to all proposed accused.
GST fraud: ED raids in Jharkhand, West Bengal
The Enforcement Directorate conducted raids in Jharkhand and West Bengal concerning a money laundering investigation related to fraudulent GST invoices. Searches spanned across nine locations in Ranchi, Jamshedpur, and Kolkata. The investigation focuses on Shiv Kumar Deora, Sumit Gupta, and Amit Gupta, suspected of generating fake invoices worth Rs 14,325 crore, leading to ineligible ITC claims exceeding Rs 800 crore.
ED books case in Gujarat Waqf 'fraud' case; conducts searches
The Enforcement Directorate conducted searches across Gujarat concerning money laundering related to alleged financial irregularities within Waqf properties. The investigation stems from an Ahmedabad Police FIR against individuals accused of illegally posing as trustees of the Kanch Ki Masjid Trust and Shah Bada Kasam Trust.
PMLA review plea: 3-judge bench to hear pleas against 2022 verdict
The Supreme Court will review the Enforcement Directorate's authority regarding arrests and property attachment under the Prevention of Money Laundering Act. A new three-judge bench, led by Justice Surya Kant, will hear petitions challenging the 2022 verdict. The court had previously upheld the ED's powers.
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