A chargesheet filed by Andhra Pradesh police alleges former Chief Minister YS Jagan Mohan Reddy chaired a meeting related to a new liquor policy under which outlets would be run by a government entity. The chargesheet details alleged kickbacks and money laundering.
India is one of the five countries where instances have been found that trade accounts of diamond business are being used to launder illegal funds to the tune of millions of dollars, according to a report by a global financial crimes combating body.
In further trouble for the chit fund scam-hit Saradha group of Kolkata, the Enforcement Directorate has registered a money laundering case to probe the allegations of financial irregularities by numerous depositors against it.
The BJP has criticized West Bengal Chief Minister Mamata Banerjee following Supreme Court observations regarding obstructions during ED raids at I-PAC premises, alleging abuse of power and shielding of those accused of corruption.
The Enforcement Directorate on Thursday arrested Aam Aadmi Party leader and former deputy chief minister Manish Sisodia on money laundering charges in connection with alleged irregularities in the Delhi excise policy, official sources said.
After the terrorists attacks on the United States in September 2001, financial institutions across the world launched an unprecedented campaign to crack down on money laundering.
CBI sources said the agency had sought time from the minister's wife.
Officials said the agency has issued fresh summons to Singh as it wants to record his statement under the PMLA.
The FIA investigators under Rizwan had detected Rs 110 billion earned by the sugar mafia during the rule of Imran Khan-led Pakistan Tehreek-e-Insaf rule through 'speculative pricing'.
Online media firm Cobrapost on Thursday alleged managers of the country's top-three private banks by market capitalisation - ICICI Bank, HDFC Bank and Axis Bank - had been offering 'money laundering' as products to people looking to park black money.
The agency had earlier questioned actor Jacqueline Fernandes in this case. She is expected to depose again before the agency on Thursday.
The 61-year-old MLA from Islampur seat of Maharashtra has been asked to depose before the federal agency in Mumbai on Friday, they said. Patil, a former minister of home and finance, is also the Maharashtra president of the NCP and is a seven-term legislator.
Stating that money laundering was behind crimes like human and drug trafficking and terror financing, the minister called for greater international cooperation to deal with the menace.
Calling the action of the ED as harassment, he questioned the timing of the summons when the Congress' Bharat Jodo Yatra was on and when the State Assembly session was underway.
Delhi Police has filed an FIR against Congress leaders Sonia Gandhi and Rahul Gandhi and others in the National Herald case based on a complaint by the ED, alleging money laundering and abuse of position for personal gains.
The Delhi High Court has held that profits from cricket betting would constitute "proceeds of crime" under the anti-money laundering law.
The ED, early this year, also attached assets worth Rs 78 crore "in possession of" Chanda Kochhar, Deepak Kochhar and the companies owned and controlled by him.
The ED had attached Sai Resort NX, constructed over the land located at Gut no: 446, Murud in Ratnagiri's Dapoli, in January.
An investigation by government agencies is under progress into the alleged violation of rules in investments made by Singapore-based Biometrix Marketing, a Reliance Industries (RIL) group firm.
The Enforcement Directorate (ED) has approached the Calcutta High Court, seeking a CBI investigation into the role of West Bengal Chief Minister Mamata Banerjee, senior police officials and others for allegedly obstructing its raids in Kolkata against political consultancy firm I-PAC and its director in connection with an alleged coal scam.
Former Maharashtra Chief Minister Ashok Chavan and 13 others have been slapped with a money laundering case by the Enforcement Directorate for their alleged involvement in the Adarsh housing scam.
The Enforcement Directorate on Tuesday registered a money laundering case against suspended Prasar Bharti Chief Executive Officer B S Lalli in connection with the awarding of the Rs 246-crore broadcast rights contract for the Commonwealth Games.
The ED conducted multiple searches in Mumbai as part of a money laundering probe into the operations of the underworld and linked illegal property deals and hawala transactions, official sources said.
The case is linked to an alleged fraud of over Rs 512 crore in a Panvel-based cooperative bank.
His son Karti was questioned by the agency in the same case on Thursday for about six hours.
The Enforcement Directorate on Monday arrested Delhi minister Satyendar Jain in connection with a money laundering case, officials said.
The case was registered recently to probe alleged financial irregularities in the party-promoted Young Indian that owns the National Herald newspaper.
The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Global Advisory Services Pvt Ltd, where Karti had been a director
Financial Intelligence Unit will also provide information in this regard to the Income Tax department.
The Enforcement Directorate (ED) may initiate a money laundering investigation over the framing and execution of the Aam Aadmi Party government's excise policy, official sources said on Friday after the Central Bureau of Investigation raided Delhi Deputy Chief Minister Manish Sisodia and others in the matter.
The ED has now seized the property, agency sources said.
The agency wants to question and record his statement under the Prevention of Money Laundering Act.
The Enforcement Directorate has arrested the chairman and the managing director (MD) of Mumbai-based Omkar Realtors and Developers in connection with a money laundering case against them linked to the alleged loan fraud in Yes Bank, official sources said on Wednesday.
The senior NCP leader will have to appear before the Enforcement Directorate, whenever summoned for questioning.
Sources in the Directorate said on Wednesday that a notice will be served to Kumar after a decision was taken to lodge a complaint under Foreign Exchange Management Act against him after the CBI handed over some documents showing investments made by the doctor abroad, especially Canada.
In its report, 'Asset Recovery Guidance and Best Practices', the global money laundering and terrorist financing watchdog, shared multiple examples from cases investigated by the ED, citing them as models of effective asset recovery practice and inter-agency coordination.
The Enforcement Directorate has managed to sniff out over Rs 9,000 crore as suspected haul from money laundering in a decade, but it has yet to link those against anyone successfully in a court.
Government is mulling amendment and strengthening of the Act to combat terror financing and other suspect transactions.
The inquiry that led to the detention of former Brazil player Ronaldinho Gaucho enters a new stage this week as prosecutors focus on what they believe is a money laundering scheme involving the businesswoman who invited him to Paraguay. Investigators will begin reviewing files and messages on the phones of the former Barcelona and AC Milan player and his brother and business manager Roberto Assis.
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