ED attaches assets valued at Rs 91.8 crore in Syndicate Bank fraud case
NEW DELHI: The Enforcement Directorate (ED) on Monday attached movable and immovable properties valued at Rs 91.8 crore in connection with a bank fraud involving Rs 1,267 crore. An ED official said that the agency attached the properties — owned by Udaipur’s CA Bharat Bomb, Shankar Lal Khandelwal and others — in the loan fraud […]
ED arrests Chanda Kochhar’s husband in Rs 1,730-crore ICICI loan case
NEW DELHI: The Enforcement Directorate (ED) on Monday arrested Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in connection with the ICICI Bank loan case. A top ED official told IANS, “Deepak Kochhar has been arrested under the Prevention of Money Laundering Act after daylong questioning.” He was arrested by the Mumbai branch […]
Notorious Hawala operator Naresh Jain arrested by ED
NEW DELHI: The Enforcement Directorate (ED) said on Wednesday that it has arrested ‘notorious’ hawala operator Naresh Jain, who is suspected to have facilitated illegal transactions amounting to more than Rs 95,000 crore in India using over 600 accounts. A senior ED official told IANS that the agency has arrested Jain under the sections of […]
ED freezes 60 bank accounts in India on Brazil’s request
NEW DELHI: The Enforcement Directorate (ED) is understood to have initiated a process to freeze over 60 bank accounts in the country on the request of the Brazilian government in connection with a money laundering case in that country, offiicials said on Monday. They said the agency has undertaken the action under the provision of […]
ED arrests Wadhawan brothers in Yes Bank case
NEW DELHI: The Enforcement Directorate (ED) on Thursday arrested DHFL promoters Kapil and Dheeraj Wadhawan in connection with its money laundering probe against Yes Bank co-founder Rana Kapoor and others, officials said. The brothers were remanded to 10-day ED custody by a special court in Mumbai, they said. The Wadhawans are presently in jail after […]
Maharashtra tells ED and CBI to take DHFL promoters into custody
MUMBAI: The Maharashtra government has asked the CBI and Enforcement Directorate (ED) to take custody of the scam-accused DHFL group’s promoters Kapil Wadhawan and Dheeraj Wadhawans — whose institutional quarantine ends on Wednesday, state Home Minister Anil Deshmukh said here. “The Wadhawans’ quarantine will end at 2 p.m. today. On Tuesday, we wrote to the […]
Yes Bank crisis: ED summons Subhash Chandra, Naresh Goyal, Sameer Gehlaut, other top corporate honchos
NEW DELHI: The Enforcement Directorate (ED) has summoned top corporate honchos, including Essel Group promoter Subhash Chandra, Jet Airways founder Naresh Goyal and Indiabulls chairman Sameer Gehlaut, to appear before it this week in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday. DHFL CMD Kapil […]
Anil Ambani files adjournment plea before ED in probe against Rana Kapoor
NEW DELHI: Reliance Group Chairman Anil Ambani has filed an adjournment application and sought more time to appear before the Enforcement Directorate (ED) in connection with the ongoing money laundering probe related to Yes Bank co-founder Rana Kapoor. The ED had summoned Ambani in connection with the probe against Kapoor and his family members. In […]
ED issues fresh summons in Air Asia PMLA case
NEW DELHI: The Enforcement Directorate (ED) has issued fresh summons to senior executives of Air Asia airlines, including CEO Tony Fernandes, for questioning next month in connection with a money laundering case, officials said on Friday. According to sources, the central agency has asked Fernandes to appear before the investigating officer of the case here […]
ED attaches assets worth Rs 2,511 crore of SRS Group in a fraud case
NEW DELHI: Assets worth over Rs 2,500 crore have been attached in connection with a money laundering and fraud case against Haryana-based SRS group, the Enforcement Directorate (ED) said on January 9. “Movable and immovable assets like land, real estate projects, commercial projects, residential houses, a school, cinema hall, balances in bank accounts and fixed […]
ED attaches Rs 78 crore worth assets of Chanda Kochhar and others
NEW DELHI: Assets worth Rs 78 crore have been attached by the ED in connection with a money laundering probe against former ICICI Bank Chairman Chanda Kochhar and others, officials said on Friday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued for attachment of the properties that includes Kochhar’s […]
ED attaches Rs 34 crore assets of Gujarat company for ‘money laundering’
NEW DELHI: Assets worth over Rs 34 crore of a Gujarat-based firm have been attached under the anti-money laundering law in connection with an alleged bank fraud case, the Enforcement Directorate said on Saturday. The Enforcement Directorate (ED) probe pertains to Biotor Industries Limited and its managing director, Rajesh M Kapadia, and others, which is […]
INX Media case: Chidambaram moves Supreme Court for bail, ED in Delhi High Court over inadvertent error in verdict
NEW DELHI: Minutes after senior Congress leader P Chidambaram moved the Supreme Court on Monday seeking bail in the INX Media money laundering case, the ED approached the Delhi High Court seeking rectification of an “inadvertent” error in the November 15 verdict denying him the relief. Chidambaram approached the apex court challenging the judgement of […]
Don’t copy-paste arguments from Chidambaram’s case: Supreme Court to ED on Shivakumar’s bail
NEW DELHI: The Supreme Court on Friday dismissed the Enforcement Directorate’s plea challenging the Delhi High Court order granting bail to Karnataka Congress leader DK Shivakumar in a money laundering case. A bench comprising Justices RF Nariman and S Ravindra Bhat rejected the request of the Solicitor General, appearing for the Enforcement Directorate (ED), to […]
ED attaches Bhushan Steel assets worth Rs 4,000 crore in bank fraud probe
NEW DELHI: The Enforcement Directorate (ED) on Saturday said it has attached assets worth over Rs 4,025 crore of Bhushan Power and Steel Limited (BPSL) in connection with its money laundering probe linked to an alleged bank loan fraud. The central probe agency said it has attached land, building, plant and machinery of the firm […]
PMC bank case: ED seizes bungalow near Mumbai
NEW DELHI: The Enforcement Directorate (ED) on Thursday sealed an about 5-acre bungalow of a HDIL promoter near Mumbai in connection with its money laundering probe in the Punjab and Maharashtra Co-operative (PMC) bank case, officials said. They said the property is in Vasai suburb under Palghar district of Maharashtra. It belongs to a promoter […]