PMLA PROBE
ED arrests company promoter in Rs 25,000 cr bank loan fraud
The Enforcement Directorate has arrested the director of an automotive equipment manufacturing company in connection to a Rs 25,000-crore bank loan fraud case. Allegations of money laundering, cheating, and diversion of loans have been made. The case originated from a CBI FIR based on complaints from banks.
Excise policy case: Delhi HC lists Arvind Kejriwal's plea against ED summons on September 9
The Delhi High Court set a hearing for September 9 on Chief Minister Arvind Kejriwal's petition challenging summonses from the Enforcement Directorate in a money laundering case. The court granted the CM four more weeks to respond. Kejriwal's counsel requested additional time citing changes in circumstances and lack of a proper legal interview. The petition questions the constitutional validity of certain provisions of the Prevention of Money Laundering Act, alleging bias in the electoral process.
PNB scam: Court suspends non-bailable warrant against top executive of Gitanjali Group
A special anti-money laundering court suspended the non-bailable warrant against Sunil Varma, former Gitanjali Group executive linked to the PNB scam, allowing him to return to India for court appearance. Varma, accused alongside Choksi in the alleged bank fraud, faced warrants in money laundering and CBI cases. Bombay HC cancelled CBI warrant earlier, facilitating his return. Enforcement Directorate instructed not to execute warrant pending further orders.
ED quizzes TV actors in forex scam
The federal agency had launched a probe on the basis of an FIR registered by Shivaji Nagar Police Station, Pune, against several persons for involvement in "showing false temptations of high returns and duping persons" in the guise of forex trading through OctaFx.
ED gets 7-day remand of 'kingpin' in 2022 JKSSB SI paper leak case
Yatin Yadav, the alleged kingpin in the 2022 JKSSB sub-inspector recruitment exam paper leak case, was remanded to seven-day Enforcement Directorate custody by a special court in Jammu. The case involves the cancellation of a selected list of candidates due to paper leak and malpractice. The ED is now investigating Yadav's alleged involvement in a scheme to access leaked papers for payments ranging from Rs 15 lakh to Rs 30 lakh.
NEET-UG row: Bihar Police obtain reference question papers, plan to tally with seized documents
The Bihar Police's Economic Offences Unit investigating the alleged NEET-UG paper leak case has obtained reference question papers, planning to compare them with documents recovered from a flat in Patna. The EOU is considering narco analysis and brain mapping tests for arrested suspects. The Enforcement Directorate may probe money laundering aspects. Top EOU officials will discuss the probe with the Union Education Ministry. Former DGP Abhayanand suggests the case be probed under the PMLA due to potential black money involvement.
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FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has fined Axis Bank over Rs 1.66 crore for failure to detect and report suspicious transactions involving a fraudulent account created in the name of the NSG counter-terrorist force. The agency's order under the PMLA found Axis Bank employees complicit in a large-scale fraud. The bank was directed to review its monitoring mechanisms, improve data-sharing practices, and implement stringent employee screening and training programs.
FIU imposes over Rs 1.66 cr fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit (FIU) has fined Axis Bank over Rs 1.66 crore for failing to detect and report suspicious transactions involving a fraudulent account in the name of the National Security Guard (NSG). This action, under the Prevention of Money Laundering Act (PMLA), highlighted that an Axis Bank employee was complicit in creating the fraudulent account for illicit funds. The FIU criticized the bank for not having adequate mechanisms to identify and report such activities.
Mehul Choksi says 'reasons beyond his control' have prevented his return to India
Mehul Choksi, a prominent figure in the multi-crore PNB scam, conveyed to a special court his inability to return to India, citing reasons beyond his control. He asserted that this circumstance should preclude him from being labeled a "fugitive economic offender." Choksi maintained that his departure from India was not motivated by a desire to evade criminal prosecution, nor is he unwilling to come back to the country. He cited the suspension of his passport by Indian authorities as a factor contributing to his current situation.
ED opposes JMM leader Hemant Soren's interim bail plea in SC
The Enforcement Directorate opposes Hemant Soren's plea for interim bail in a money-laundering case linked to a land scam for Lok Sabha polls, citing his illegal property acquisition and possession. Soren faces allegations of misusing state machinery to project proceeds of crime as clean.
Excise PMLA case: Delhi Court fixes May 20 to consider ED's chargesheet against Kejriwal, AAP
Special Judge Kaveri Baweja on Saturday fixed the matter for Monday for arguments and ED's submissions on cognizance point. On Friday Enforcement Directorate officials along with Special Public Prosecutor (SPP) Naveen Kumar Matta along with two ED officials filed the chargesheet in Rouse Avenue Court of Delhi.
ED can't arrest accused after special court has taken cognisance of complaint: SC
The Supreme Court ruled that the Enforcement Directorate cannot arrest an accused under the PMLA after a special court has acknowledged the money laundering complaint. If the accused appears in court through a summons, the agency must seek custody through the court. The judgment clarifies bail conditions in money laundering cases.
Arrested Jharkhand minister Alamgir Alam remanded to 6-day ED custody
Jharkhand minister Alamgir Alam remanded to 6-day ED custody in money laundering case. Lawyer Kishlay Prasad cites health issues like sleep apnea. Cash recovered from Jahangir. Alam represents Pakur seat in Jharkhand assembly. Under ED radar after personal secretary's arrest.
Alamgir Alam, Jharkhand Minister, arrested by ED in money laundering case
Alamgir Alam ED Arrest: On Wednesday, the Enforcement Directorate (ED) arrested Jharkhand Minister and Congress leader Alamgir Alam in connection with a substantial cash recovery from the household help of his personal secretary and state administrative service officer, Sanjeev Kumar Lal. The Congress leader was grilled by ED officials for over nine hours on Tuesday in connection with a money laundering case. Alam, the state's Rural Development minister, arrived at the ED office around 11 am and departed around 8:30 pm.
Excise scam: HC lists for July 11 Arvind Kejriwal's plea against ED summons
The Delhi High Court listed Chief Minister Arvind Kejriwal's petition challenging the summonses issued by the Enforcement Directorate (ED) in the money laundering case linked to the excise policy for a hearing on July 11.
Excise case: Delhi court extends K Kavitha's judicial custody till May 20
Delhi court extends K Kavitha's custody in money laundering case involving Arvind Kejriwal, BRS, Chariot Productions, India Ahead, Telangana CM K Chandrashekar Rao, AAP, Delhi excise policy scam, V K Saxena's recommendation, CBI, Supreme Court, and PMLA till May 20.
Delhi excise policy case: ED files fresh charge sheet; names BRS leader K Kavitha as accused
The Enforcement Directorate (ED) has filed a fresh charge sheet in the Delhi excise policy case, accusing BRS leader K Kavitha of corruption and money laundering. Kavitha, daughter of former Telangana chief minister K Chandrashekar Rao, was apprehended on March 15. A prosecution complaint has been lodged under sections 45 and 44(1) of the Prevention of Money Laundering Act.
Coal Allocation Scam: Special court frames charges against Ex-MP Vijay Darda, his son and industrialist Manoj Jayaswal
The court, however, discharged 15 of the total 21 co-accused in the case, finding no evidence to charge them. Of the 15 discharged, seven are Kolkata-based alleged shell companies controlled by a chartered accountant through six of his employees who were made directors in the alleged shell companies.
Delhi excise policy: ED to file charge sheet against Arvind Kejriwal, K Kavitha and others
Enforcement Directorate plans to file a charge sheet in the Delhi excise policy-linked money laundering case, naming Arvind Kejriwal, BRS leader K Kavitha, and others as accused, including individuals and companies.
Vivo PMLA case: Delhi High Court issues notice to ED on Lava MD Hariom Rai's plea seeking extension of interim bail
The Delhi High Court notified the Directorate of Enforcement (ED) about a petition by Lava International's managing director, Hariom Rai, requesting an extension of his interim bail due to health reasons. Rai, arrested in a PMLA case involving Vivo, sought six-month bail extension for heart-related issues, supported by medical documents from AIIMS. The court set a hearing for May 13.
Chhattisgarh: Former MARKFED MD arrested by ED in rice miling 'scam'
Soni, at present special secretary, mantralaya, was arrested from the anti-corruption bureau (ACB) office, where he had been summoned for questioning in connection with the rice scam case registered by ACB/EOW.
Crypto probe: ED attaches assets worth Rs.97.79 crore linked to Raj Kundra, his actress wife, Shilpa Shetty
The federal agency said amongst the attached properties include a residential flat situated in Juhu presently in the name of Shilpa Shetty, a residential bungalow located in Pune and equity shares held in the name of Raj Kundra. Kundra or Shetty were not immediately available for a comment.
PMLA court denies medical bail to Naresh Goyal
Naresh Goyal denied medical bail by Mumbai PMLA court due to malignancy. Arrested for siphoning Canara Bank loans. ED's complaint involves advance payments, investments, and funds diversion to subsidiaries.
Sanjay Singh granted bail by SC after spending 6 months in jail in Delhi Excise Policy case
SANJAY SINGH BAIL: The Supreme Court granted bail to Aam Aadmi Party leader Sanjay Singh, who was in custody during a money laundering probe related to the Delhi excise policy scam case. The Enforcement Directorate had no objections, and the court remarked on Singh's six-month detention, seeking further instructions post-lunch session.
Excise 'scam': ED says 'kickbacks' used in AAP Goa poll campaign also detected in I-T, CBI probes
A wide network of Hawala operators and 'Angadiyas' are also being investigated by the ED in this case where it recently arrested Delhi Chief Minister Arvind Kejriwal and claimed he and his political outfit are liable to be prosecuted in the alleged laundering of these funds. Statements of five 'Angadiya' firm operators have also been recorded by the ED to establish the "money trail" of this alleged Rs 45 crore bribe amount.
ED files first chargesheet in Delhi Jal Board money-laundering case
Enforcement Directorate filed a chargesheet in DJB corruption case, alleging AAP received bribe money as election funds. Kejriwal and his associates face scrutiny but deny accusations, claiming a smear campaign by opposition.
ED a political weapon, SC dismissed its claim that AAP got Rs 100-cr in kickbacks: Atishi
Atishi alleged Enforcement Directorate as 'political weapon', Supreme Court rejected Kavitha's Rs 100 crore to AAP leaders, aimed at stopping Arvind Kejriwal from Lok Sabha polls. ED issued political press release, Saurabh Bharadwaj criticizes BJP.
K Kavitha conspired with AAP leaders Kejriwal, Manish Sisodia to get favours in Delhi excise policy: ED
BRS leader K Kavitha and some others "conspired" with top AAP leaders, including Arvind Kejriwal and Manish Sisodia, to get favours in the now-scrapped Delhi excise policy by paying Rs 100 crore to the political party that rules Delhi, the Enforcement Directorate alleged on Monday. Forty-six-year-old Kavitha, the MLC daughter of former Telangana chief minister K Chandrashekar Rao, was arrested by the federal agency last week from her Hyderabad home and she is in the ED custody till March 23.
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