MONEY LAUNDERING

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ED Provisionally Attaches Immovable And Movable Properties Under PMLA 2002

Directorate of Enforcement (ED) has provisionally attached various immovable and movable properties having book value of Rs. 2.14 Crore of Devki Nandan Garg, Ashok Kumar Goel, Mahesh Kumar, Devender Kumar & other entry operators and R.N. Saraf and Ramesh Goyal, Chartered Accountants of Devki Nandan Garg under the Prevention of Money Laundering Act (PMLA), 2002 …

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ED Conducts Search Operation Under PMLA 2002

Directorate of Enforcement (ED) has conducted a search operation on 06.06.2022 under PMLA, 2002 at the premises of Satyendar Kumar Jain/Poonam Jain, and his accomplices and other persons who had either directly or indirectly assisted him or participated in the processes of money laundering namely, Ankush Jain, Vaibhav Jain, Naveen Jain & Siddharth Jain (Directors …

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ED Files Prosecution Compliant in Money Laundering Case

Directorate of Enforcement (ED) has filed a Prosecution Complaint against 8 accused persons/entities including M/s DJN Commodities and others wherein Cognizance has been taken by the Special PMLA Court, Ranchi on 07.06.2022. ED had initiated money laundering investigation against M/s DJN Commodities and its Proprietors Late Jitendra Mohan Sinha & Vishal Kumar Sinha on the …

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ED Conducts Searches Under PMLA 2002

Directorate of Enforcement (ED) has conducted searches at the residential and official premises of Subhra Jyoti Bharali, the then Managing Director of Industrial Cooperative Bank Limited (ICBL), under the Prevention of Money Laundering Act (PMLA), 2002. ED initiated money laundering investigation against Subhra Jyoti Bharali and others, on the basis of FIR registered by the …

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ED Provisionally Attaches Assets Under PMLA 2002

Directorate of Enforcement has provisionally attached assets worth Rs.1.91 Crore of Sanjeev Kumar, Puja Shrivastav and others, under the Prevention of Money Laundering Act (PMLA), 2002 in a fake degree certificate case of “Techno Global University, Shillong”. The attached assets are in the form of balance in Bank Accounts, Fixed Deposits, Mutual Funds and Immovable …

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ED Attaches Bank Accounts Of PFI in Money Laundering Case

The Enforcement Directorate (ED) on Wednesday said that it has attached Rs 68.62 lakh of money laundering charges belonging to Islamic outfit PFI and its forward organization Rihab India Foundation. The investigating agency has attached 33 bank accounts of these two organisations. ED gave this information by issuing a statement. The amount in these accounts is more …

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ED Arrests A Person in Illegal Coal Mining Case Under PMLA 2002

Directorate of Enforcement has arrested Shri Gurupada Maji in the case related to illegal coal mining under section 19(1) of the PMLA, 2002 on 26/5/2022. He was produced before Honorable Rouse Avenue court (Delhi) today & the honorable court has granted 7 days ED custody. He is one of the partners of Shri Anup Majee …

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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 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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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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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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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

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, …

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

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