ED

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ED Issues Provisional Attachment Order in Bank Fraud Case

Directorate of Enforcement (ED) has issued the Provisional Attachment Order on 22.02.22 for attachment of immovable properties of M/s Nipko Engineering Services Pvt Ltd. amounting to Rs.62.70 Crore in a Bank fraud case. ED initiated money laundering investigation in the year 2020 on the basis of FIR registered by CBI, ACB Pune, wherein a complaint …

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ED Arrests Company’s Director in A Bank Fraud Case Under PMLA 2002

Directorate of Enforcement (ED) has arrested Ashok Kumar Mittal, Director of M/s. Mahesh Timber Private Limited, Karnal, Haryana on 23.05.2022 in a bank fraud case under the Prevention of Money Laundering Act (PMLA), 2002. ED initiated money laundering investigation on the basis of FIR registered by CBI, New Delhi for criminal conspiracy, cheating, forgery and …

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ED Conducts Search Under FEMA 1999

Directorate of Enforcement (ED) recovered forex worth Rs. 1.53 Crore by conducting personal search of a person at Kolkata Airport under Foreign Exchange Management Act, 1999 (FEMA). The search was conducted on the basis of Information received from the Airport Intelligence Unit, NSCBI Airport, Customs Kolkata on the night of 21.05.2022 that a passenger has …

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ED Attaches Immovable Assets Under PMLA 2002

Enforcement Directorate (ED) has provisionally attached immovable assets in the form of land ad-measuring 3,39,984.2 square meters (valued at approx. Rs 185 crores as per govt. rates) and movable assets amounting to Rs.7,51,78,480/- in the form of bank balances belonging to M/s DDPL Global Infrastructure Private Limited (DDPL), M/s Unicorn Infraprojects and Estates Private Limited …

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ED Arrests Six Persons Under PMLA 2002

Directorate of Enforcement (ED) has carried out search operations at 11 premises linked to Bangladesh nationals namely Proshanta Kumar Halder, Pritish Kumar Halder and their associates across the state of West Bengal. Proshanta Kumar Halder has been nabbed along with his 5 other associates during these searches. Proshanta Kumar Halder was found in the disguised …

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Breaking: ED Seizes Fixed Deposits Worth 133.17 Crore in Illegal Mining Case

Directorate of Enforcement (ED) has carried out search operations at various offices and residential premises of Jitendra Nath Patnaik and related entities at Joda, District- Keonjhar and Bhubaneswar under Prevention of Money Laundering Act (PMLA), 2002. Jitendra Nath Patnaik, Ex-MLA, Champua Constituency, Odisha has allegedly derived undue pecuniary advantage by way of illegal mining without …

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ED Conducts Searches in Money Laundering Case

Directorate of Enforcement (ED) has conducted searches at four premises based at Bhopal (Madhya Pradesh) & Goa in a Money Laundering Case registered against Sanjay Vijay Shinde. Name of Sanjay Vijay Shinde figured in the Panama Paper Leaks, wherein, names of various individuals were revealed who had beneficial interests in various offshore entities. Sanjay Vijay …

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ED Files Two Prosecution Complaints Under PMLA 2002

Enforcement Directorate (ED) has filed a Supplementary Prosecution Complaint against 2 leaders of the Popular Front of India (PFI) under the provisions of the Prevention of Money Laundering Act, 2002 (PMLA) before the Hon’ble Special PMLA Court, Lucknow with a prayer for awarding punishment to the accused. Cognizance of the offence of money laundering has …

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ED Attaches Assets in A Case Of Criminal Misconduct By Public Servant

Enforcement Directorate (ED) has provisionally attached assets worth Rs 1.28 Crore belonging to Upendra Nath Mandal and his wife Supriti Mandal in a case of criminal misconduct by a public servant. The attached assets include immovable properties in the form of one Residential Duplex apartment in Kolkata and one car belonging to Supriti Mandal. ED …

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ED Arrests BSF Commandment in A Money Laundering Case

Directorate of Enforcement (ED) has arrested Satish Kumar (the then commandment, 36- Battalion, BSF) in a money laundering case related to cattle smuggling at Indo-Bangladesh International Border. He had received Proceeds of Crime (POC) of Rs 12.8 Crore from Md Enamul Haque in the accounts of his wife & his father in law. This Proceeds …

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ED Attaches Assets Worth 5.54 Crore Under PMLA 2022

Directorate of Enforcement (ED) has provisionally attached assets worth Rs. 5.54 Crore under the Prevention of Money Laundering Act (PMLA), 2002 in connection with a case registered against Ranjit Gogoi, the then Director of Information and Public Relation, Assam, and different private companies, for misappropriation of money of Government of Assam. ED initiated money laundering …

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Breaking: ED Attaches Assets Worth 757.77 Crore Of A Company Accused Of Running Multi-Level Marketing Scam

Enforcement Directorate (ED) has provisionally attached assets worth Rs.757.77 Crore belonging to M/s. Amway India Enterprises Private Limited, a company accused of running a multi-level marketing scam. The attached properties include land and factory building of Amway at Dindigul District, Tamil Nadu, Plant & Machineries, vehicles, bank accounts and fixed deposits. ED had provisionally attached …

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ED Issues Summons To Former Xiaomi India MD Manu Kumar Jain

The Enforcement Directorate (ED) has summoned former Xiaomi India Managing Director Manu Kumar Jain to appear. According to the report, Jain is to appear before the ED at 11 am. The ED had earlier issued summons to him and asked him to appear. Explain that the ED wants to ensure whether the business of the company is …

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ED Attaches Assets Worth Rs 57.45 Crore Of Atlas Jewellery Pvt Ltd

The Enforcement Directorate has attached assets worth Rs 57.45 crore of Atlas Jewellery Pvt Ltd and its directors MM Ramachandran and Indira Ramachandran in the Rs 242 crore bank loan fraud case. According to the ED, this fraud took place between 2013 and 2018. ED officials said on Saturday that the attached assets include gold, …

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Breaking: ED Attaches Assets in Bank Loan Fraud Case

The Enforcement Directorate (ED) has taken a major action in the bank loan fraud case. Under this, properties worth crores of rupees have been attached. According to a report released in this regard, the ED has accused Atlas Jewelery Pvt Ltd and its directors of fraud in loans taken from the bank. Between 2013 and …

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Big Fraud Caught: ED Attaches Assets Worth Rs 409.92 Crore Of M/s Future Gaming & Hotel Services Pvt. Ltd.

Big Fraud Caught: ED Attaches Assets Worth Rs 409.92 Crore Of M/s Future Gaming & Hotel Services Pvt. Ltd.

Enforcement Directorate (ED) has provisionally attached movable assets worth Rs.409.92 Crore in the case against M/s. Future Gaming & Hotel Services Pvt. Ltd. & its various sub-distributors/area-distributors. The attached assets are in the form of balance in Bank Accounts and Mutual Fund Holdings. ED initiated money laundering investigation against M/s Future Gaming and its Sub …

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ED Attaches Assets Under Prevention Of Money Laundering Act (PMLA)

ED Attaches Assets Under Prevention Of Money Laundering Act (PMLA)

Directorate of Enforcement (ED), has provisionally attached Immovable and Movable properties valued at Rs. 4.04 Crore belonging to Chandrama Prasad Singh @ Tuntun Singh, his family members and others under the of Prevention of Money Laundering Act (PMLA), 2002. Chandrama Prasard Singh S/o- Shri Baleshwar Prasad Singh, R/o- Nandlal Chapra, Post- Manoharpur Kacchuwara, PS- Ramkrishana …

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ED Attaches Assets Worth 31 Crores Of Pushpanjali Infratech in A Fraud Case

ED Attaches Assets Worth 31 Crores Of Pushpanjali Infratech in A Fraud Case

On Wednesday, the Enforcement Directorate (ED) took major action. In this regard, the ED has attached immovable assets worth Rs 31.15 crore of Pushpanjali Realms and Infratech Limited based in Uttarakhand and the wife of its director Rajpal Walia. According to a report issued in this regard, the Enforcement Directorate has taken this action in …

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Enforcement Directorate Attaches Assets Worth More Than One Crore Of 2 Businessmen

Enforcement Directorate Attaches Assets Worth More Than One Crore Of 2 Businessmen

The Enforcement Directorate, taking action against two big businessmen of Gujarat, has attached their properties worth Rs 1.04 crore. This action has been taken under the Prevention of Money Laundering Act. Giving information on Tuesday, the ED said that these traders had allegedly sold fake injections of Remdesivir last year during the second wave of …

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Chartered Accountant Arrested For Blindly Signing Balance Sheets And Issuing Bogus Form 15CB

Enforcement Directorate has arrested Ravi Kumar, Chartered Accountant, M/s HAR Associates, New Delhi on 27.11.2021 in a case of laundering of 1100 Crore to Hong Kong, SAR, China by sending Foreign Outward Remittances from select Bank branches of SBI and SBM at Mumbai by using forged Air Way Bills (AWBs) and fabricated Cloud CCTV Storage …

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Enforcement Directorate (ED) Carried Out Searches at Premises of Human Hair Merchants/ Exporters Under FEMA 1999

Enforcement Directorate (ED) Carried Out Searches at Premises of Human Hair Merchants/ Exporters Under FEMA 1999

Enforcement Directorate has carried out search operation at 8 premises of Human Hair merchants/exporters in Hyderabad and in West Godavari District, AP under FEMA 1999. During the Money Laundering investigation by ED against Chinese Online Betting Applications, it was noticed that hawala payments to the tune of Rs. 16 Crore were paid to Human hair …

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Breaking: Chartered Accountant Arrested by Enforcement Directorate (ED) in Bank Fraud Case Worth Rs 3269 Crore

Breaking: Chartered Accountant Arrested by Enforcement Directorate (ED) in Bank Fraud Case Worth Rs 3269 Crore

Enforcement Directorate has arrested Raman Bhuraria, CA for his assistance and complicity in Rs. 3269 Cr. bank fraud of M/s Shakti Bhog Foods Limited under the provisions of the Prevention of Money-laundering Act, 2002 from Delhi on 13.08.2021. This arrest was in continuation of rejection of his anticipatory bail by the Hon’ble Special Court and …

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Enforcement Directorate (ED) Provisionally Attaches Assets of M/s Aatash Norcontrol Ltd (M/s. ANL) under PMLA 2002

Enforcement Directorate (ED) Provisionally Attaches Assets of M/s Aatash Norcontrol Ltd (M/s. ANL) under PMLA 2002

Enforcement Directorate has provisionally attached assets worth Rs. 134.38 Crore of M/s. Aatash Norcontrol Ltd.(M/s. ANL) under the provisions of Prevention of Money Laundering Act, 2002 in Gujarat Maritime Board scam. The attached assets are in the form of plant, machinery, computer and computer software, land and building (Rs. 90,62,18,000) and bank balances (Fix Deposits …

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ED

Enforcement Directorate (ED) Provisionally Attaches Immovable Assets of M/s ARA Properties under PMLA 2002

Enforcement Directorate has Provisionally Attached immovable assets worth Rs.4 Crore of M/s. ARA Properties under PMLA, 2002. Attached property is the land, where Corporate Office(s) of M/s. ABIL (Avinash Bhosale Infrastructure Ltd) and its other group companies are situated. Avinash Bhosale is the promoter of the ABIL group companies. Enforcement Directorate initiated money laundering investigation …

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CA AMRESH VASHISHT

Is Auditing a Crime in this Country, CA Amresh Vashisht Asks ICAI after Arrest of CA Alok Kumar Agarwal

Recently, Enforcement Directorate (ED) has arrested a delhi based CA Alok Agarwal in the ongoing investigations under PMLA Act, 2002. After his arrest, CA Amresh Vashisht tweeted and asked ICAI that “is auditing a crime in thia country? There should be a ICAI statement on every CA arrest.” The tweet can be accessed by clicking …

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ED

ED Arrested Director of M/s Monarch Universal Group in Money Laundering Case

Directorate of Enforcement (ED) has arrested Gopal Amarlal Thakur, Director of M/s Monarch Universal Group on 01.07.2021 in a case of Money laundering involving amount of more than Rs. 50 Crore. Directorate of Enforcement initiated investigation against the group on the basis of FIRs and Charge sheets filed by Maharashtra Police under the provisions of …

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YAMI GAUTAM

Yami Gautam Summoned by ED in Money Laundering Case

Actress Yami Gautam has been summoned by the Enforcement Directorate (ED) today (July 2). The Vicky Donor actress has been called for questioning by the ED in an alleged violation of the Foreign Exchange Management Act (FEMA). Yami Gautam, who recently tied the knot with filmmaker Aditya Dhar, is under the ED scanner. The actress …

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ED

Enforcement Directorate (ED) Files Prosecution Complaint and Attaches Assets in two Different Cases

1st Case: ED has attached immovable assets worth Rs. 166 Crore of Varron Group of companies and its promoter, located in Mumbai, Pune and Ratnagiri under PMLA in a Bank Fraud Case. 2nd Case: ED has filed a prosecution complaint against Anumula Revanth Reddy (MP, Malkajgiri), Sandra Venkata Veeraiah (MLA from Telugu Desam Party of …

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ED attaches 15 properties of underworld criminal Iqbal Mirchi in Dubai

The Enforcement Directorate, ED has provisionally attached 15 properties in Dubai belonging to family members of underworld criminal Iqbal Mirchi under Prevention of Money Laundering Act, PMLA. These properties include one hotel namely Midwest Hotel Apartment and 14 others commercial and residential properties having total value of101.52 Million Arab Emirates Dirham equivalent to over Rs. …

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