MONEY LAUNDERING

Screenshot_2022-05-24-08-00-17-14_f541918c7893c52dbd1ee5d319333948-7ea95b35

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

Leave a Comment / BUSINESS & ECONOMY / By / May 26, 2022 / , ,

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 …

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

ED Attaches Immovable Assets Under PMLA 2002

Leave a Comment / BUSINESS & ECONOMY / By / May 20, 2022 / ,

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 …

ED Attaches Immovable Assets Under PMLA 2002 Read More »

Screenshot_2022-03-15-21-04-45-09_4251af1b5b11394b318ec35cda6368c8-d6fa4efd

ED Arrests Six Persons Under PMLA 2002

Leave a Comment / BUSINESS & ECONOMY / By / May 18, 2022 / ,

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 …

ED Arrests Six Persons Under PMLA 2002 Read More »

Screenshot_2022-03-15-21-04-45-09_4251af1b5b11394b318ec35cda6368c8-f7f2368d

ED Conducts Searches in Money Laundering Case

Leave a Comment / BUSINESS & ECONOMY / By / May 14, 2022 / ,

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 …

ED Conducts Searches in Money Laundering Case Read More »

Screenshot_2022-03-15-21-04-45-09_4251af1b5b11394b318ec35cda6368c8-aa3979ed

ED Files Two Prosecution Complaints Under PMLA 2002

Leave a Comment / BUSINESS & ECONOMY / By / May 14, 2022 / ,

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 …

ED Files Two Prosecution Complaints Under PMLA 2002 Read More »

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.

Leave a Comment / BUSINESS & ECONOMY / By / April 4, 2022 / , ,

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 …

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

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

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

Leave a Comment / BUSINESS & ECONOMY / By / April 4, 2022 / , ,

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 …

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

Government Notifies PNB Housing Finance Ltd To Perform Aadhaar Authentication Under Money Laundering Act

Government Notifies PNB Housing Finance Ltd To Perform Aadhaar Authentication Under Money Laundering Act

Leave a Comment / BUSINESS & ECONOMY / By / January 5, 2022 / , , , , ,

Notification in F. No. P-12011/11/2021-ES Cell-DOR, Dated 4th January 2022 Ministry of Finance, Department of Revenue The notification reads as under: In exercise of the powers conferred by sub section (1) of section 11A of the Prevention of Money-laundering Act, 2002 (15 of 2003), the Central Government on being satisfied that the reporting entity namely, …

Government Notifies PNB Housing Finance Ltd To Perform Aadhaar Authentication Under Money Laundering Act Read More »

THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) THIRD AMENDMENT RULES, 2020

TC / By / April 17, 2020 / ,

Overview : MINISTRY OF FINANCE (Department of Revenue) vide notification / Gazette id No. CG-DL-E-16042020-219065 and G.S.R. 254(E) issue and publish date 16th April, 2020, has published the Prevention of Money-laundering (Maintenance of Records) Third Amendment Rules, 2020 in exercise of the powers conferred by section 73 read with section 11A and section 12AA of …

THE PREVENTION OF MONEY-LAUNDERING (MAINTENANCE OF RECORDS) THIRD AMENDMENT RULES, 2020 Read More »