Gayatri Prajapati bought benami properties on name of daily wagers: ED
NEW DELHI: Former Uttar Pradesh government minister Gayatri Prasad Prajapati, who is currently lodged in a prison in connection with a rape case, has bought the benami properties on the name of the daily wagers. The revelations were made during the Enforcement Directorate (ED) raids at several locations in the state on Wednesday against the […]
Punish Amazon with Rs 1.44 lakh crore penalty: CAIT to ED
NEW DELHI:The Confederation of All India Traders (CAIT) has asked the Enforcement Directorate to immediately punish Amazon for the brazen violations of FEMA Act, Rules and Regulations by imposing maximum penalty of 3 times the value of the illegal investments of Rs 48,500 crore – a penalty of Rs 1.44 lakh crore. In a letter […]
Mumbai Court rejects ED intervention plea against closure report in MSC Bank case
MUMBAI: A court here on Thursday rejected the Enforcement Directorate”s plea seeking tointervene in the hearing on a closure report of Mumbai Police in the alleged Rs 25,000 crore Maharashtra State Co-operative Bank scam. Maharashtra Deputy Chief Minister Ajit Pawar had been named as an accused in the case. The Economic Offences Wing (EOW) of […]
Peter Kerkar of Cox & Kings arrested by ED in money laundering case
NEW DELHI: The Enforcement Directorate (ED) has arrested travel firm Cox and Kings’ promoter Peter Kerkar in an alleged money laundering case, as per reports. In October, the ED had arrested Cox & Kings Group CFO Anil Khandelwal and internal auditor of Naresh Jain, under sections of the Prevention of Money Laundering Act (PMLA), in […]
Customs arrest suspended IAS officer in gold smuggling case
NEW DELHI: The Customs on Tuesday formally arrested suspended IAS officer M Sivasankar in connection with the Kerala gold smuggling case. In July, 2020, a 1995 batch IAS officer Sivasankar was removed from the posts of principal secretary to CM and Information Technology (IT) secretary after news reports of his association with Swapna Suresh, charged […]
No abuse of power nor any disrespect: ED to Kerala Assembly
THIRUVANANTHAPURAM: Clarifying its position, the Enforcement Directorate (ED) on Saturday informed the Kerala Assembly that there was no breach of privilege of the House or its members on the issuance of summons to the CEO of the ‘Life Mission’ in discharge of the powers and duties of the Assistant Director of Enforcement Department. Early this […]
ED Director Sanjay Kumar Mishra’s tenure extended by one year
NEW DELHI: The government of India has extended the tenure of ED Director Sanjay Kumar Mishra by a year after modifying his appointment order that was issued in 2018, officials said. Mishra, 60, is a 1984-batch Indian Revenue Service officer of the Income Tax cadre and was appointed the Enforcement Directorate chief on November 19, […]
ED attaches 27 properties in pisciculture bank loan fraud case
NEW DELHI: The ED registered a case under the PMLA based on an FIR of the CBI against Ramakrishna, Managing Director of Venus Aqua Foods Limited and other Directors of the company for defrauding Union Bank of India (erstwhile Andhra Bank), Gudivada branch to the tune of Rs 36.97 crore. “Investigation revealed that Venus Aqua […]
ED seizes Rs 8.6 crore worth assets of DMK MP in FEMA violation case
The Enforcement Directorate (ED) has issued an order for seizing assets worth about Rs 8.6 crore of DMK MP Gautham Sigamani for alleged contravention of the Foreign Exchange Management Act (FEMA), the agency said on Friday. “Immovable properties in the form of agricultural lands, commercial and residential buildings among others in Tamil Nadu and movable […]
ED attaches properties worth Rs 122 crore of DCHL
NEW DELHI: The Enforcement Directorate (ED) has attached properties to the tune of Rs 122 crore of Deccan Chronicle Holdings Limited (DCHL) and two of its former promoters, T. Venkatram Reddy and T. Vinayakarvi Reddy, in connection with its probe into the Rs 8,180 crore bank loan fraud case. The ED in a statement said […]
ED raids IFFCO premises, including MD U.S. Awasthi’s, in FEMA case
NEW DELHI: The Enforcement Directorate (ED) on Thursday carried out searches at several locations in Delhi-NCR and Mumbai in connection with a case against Indian Farmers Fertiliser Cooperative Limited (IFFCO) and its MD U.S. Awasthi. The ED sources said that the searches were carried out at over 30-35 locations in Delhi-NCR and Mumbai as it […]
Yes Bank: ED arrests 2 Cox and Kings Group executives
NEW DELHI: The Enforcement Directorate (ED) on Tuesday arrested the former CFO and the former internal auditor of the Cox and Kings Group in connection with its money laundering probe in the Yes Bank alleged loan default case. The agency said ex-chief financial officer Anil Khandelwal and ex-internal auditor Naresh Jain were arrested under the […]
Rose Valley returned Rs 10,500 crore to investors: ED
KOLKATA:Rose Valley, which is under the concurrent probe of the CBI and ED for allegedly defrauding investors, has already returned around Rs 10,500 crore out of Rs 17,520 crore raised from them, an official said on Monday. He said the ED had also attached properties worth Rs 4,500 crore and filed two prosecution complaints with […]
Enforcement Directorate attaches properties worth Rs 255.17 crore of Kanva Group
BENGALURU: The Enforcement Directorate (ED) on Friday said it has attached properties worth Rs 255.17 crore, owned by founder of Kanva Group of Companies, N Nanjundaiah and his family members, in connection with a case pertaining to cheating of investors. “Identified assets to the tune of Rs 255.17 crores have been provisionally attached under Prevention […]
How Enforcement Directorate attaches Dawood Ibrahim properties in foreign countries
NEW DELHI: The Enforcement Directorate (ED) on Tuesday attached properties to the tune of Rs 200 crore belonging to underworld don Dawood Ibrahim close aide late Iqbal Mirchi and his family members in the UAE in connection with a money laundering probe under different sections of the Prevention of Money Laundering Act (PMLA). Explaining how […]
PMC Bank fraud case: ED attaches three hotels worth Rs 100 crore in Delhi
NEW DELHI: The Enforcement Directorate (ED) has attached three hotels worth around Rs 100 crore in Delhi in connection with its money laundering probe in the PMC Bank fraud case, the central agency said on Friday. The three hotels have been identified by the agency as the Fab Hotels group and are located in Kailash […]