Actor and model Urvashi Rautela was questioned by the Enforcement Directorate (ED) in connection with a money laundering case linked to the online betting platform 1xbet. The investigation involves several celebrities and sportspersons who allegedly used endorsement fees to acquire assets.
Ayyub is the account holder and deposits totalling Rs 1,77,27,704 have been attached by the ED.
Whistle-blowing website Cobrapost.com on Saturday slammed the clean chit given by the Reserve Bank of India to the money-laundering practices exposed by it in ICICI Bank, HDFC Bank and Axis Bank. The website had revealed how the top private banks in India helped encouraged money laundering by helping traders convert black money to white.
ED sought his custody for seven days, claiming it had knowledge of unidentified assets which value more than Rs 500 crore and his custodial interrogation was required.
With the Financial Intelligence Unit deciding to probe three major banks for alleged money laundering, it is interesting to note that the same agency also conducted a probe in the HSBC money laundering case.
The Ministry of Finance's Directorate of Enforcement should also be made a part of the state-level coordination panels,
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
The stringent Prevention of Money Laundering Act, which was recently amended to remove certain shortcomings, will come into force from July 1.
Sameer Bhujbal was arrested after over six hours of questioning under the provision of the Prevention of Money Laundering Act at the agency's office in Ballard Tiar here. He will be produced in court on Tuesday, official sources said.
According to an ED official, the arrest of the former Public Works Department minister was affected under the provisions of the Prevention of Money Laundering Act after he allegedly refused to cooperate during the questioning.
The Enforcement Directorate (ED) will file a fresh charge sheet against Congress leaders Sonia and Rahul Gandhi in the National Herald money laundering case after taking cognisance of the latest Delhi Police FIR.
Enforcement Directorate has issued summons to Himachal Pradesh Chief Minister Virbhadra Singh in connection with its probe against him and his associates for alleged money laundering.
The Enforcement Directorate (ED) has filed a chargesheet in connection with alleged financial irregularities at the R G Kar Medical College and Hospital, naming former principal Sandip Ghosh and others as accused.
The Enforcement Directorate (ED) on Thursday said it has arrested Karvy Stock Broking Limited (KSBL) CMD C Parthasarathy and group CFO G Krishna Hari in connection with a money laundering investigation linked to alleged diversion of clients' securities of over Rs 2,873 crore. The agency produced the two-- already lodged in central jail, Bengaluru after being arrested by the police-- before a special Prevention of Money Laundering Act (PMLA) court in Hyderabad on January 20 and on January 25 it remanded them to four days of ED custody from January 27-30, it said in a statement. The ED case, filed under the criminal provisions of the PMLA, is based on multiple Telangana Police FIRs filed by the HDFC Bank, few other banks and investors alleging clients' securities were illegally diverted by Karvy Stock Broking Ltd and these were later pledged with banks and non banking financial companies (NBFCs) for loans which were later "defaulted".
The Enforcement Directorate has registered a money laundering case in connection with the narcotics haul in Punjab from the house of alleged NRI drug dealer Anoop Singh Kahlon.
The Enforcement Directorate on Wednesday registered a money laundering case in the Elgar Parishad and Bhima Koregaon violence case and has begun investigations, according to a source.
During the financial years between 2012-13 to 2021-22, the federal probe agency filed a total of 3,985 criminal complaints under the Prevention of Money Laundering Act and 24,893 under the civil law of the Foreign Exchange Management Act.
A provisional order has been issued under the Prevention of Money Laundering Act against the newspaper's publisher Associated Journals Ltd and its holding company Young Indian, the central probe agency said in a statement.
The Delhi High Court has granted the Enforcement Directorate a final opportunity to argue against the bail granted to Arvind Kejriwal in the excise policy-linked money laundering case, following objections from Kejriwal's counsel regarding repeated adjournments.
A Delhi court on Tuesday summoned Congress leader D K Shivakumar and others in a money laundering case lodged against him in 2018 after taking cognisance of the charge sheet.
The Enforcement Directorate (ED) has filed a chargesheet against real-money online gaming app WinZO and its promoters, alleging the company used bots and AI to manipulate game algorithms, leading to significant financial losses for users.
Swan Telecom promoter Shahid Balwa, who along with former Telecom Minister A Raja and 17 others are facing a money laundering case arising out of the 2G scam, on Friday moved the Supreme Court seeking setting aside of a lower court order of framing charges against him.
In a fresh development in NSEL's Rs 5,600 crore scam, the Enforcement Directorate (ED) on Monday registered a preliminary inquiry into the payment crisis, suspecting large-scale money laundering in the beleaguered spot exchange, a senior official said.
Deshmukh, 72, has moved the top court seeking protection from any coercive action, Mumbai-based advocate Inderpal B Singh said in a video message released for the media.
The Enforcement Directorate has registered a money laundering case against former Union Minister Dayanidhi Maran and his brother Kalanidhi in connection with the 2G spectrum allocation case.
At the end of December 2012, the notional value of outstanding PNs stood at Rs 1.51 lakh crore (Rs 1.51 trillion), higher than Rs 1.38 lakh crore (Rs 1.38 trillion) at the end of 2011.
They said Chaudhary was arrested on Tuesday night after he was questioned at length in the case at the office of the central investigative agency in south Mumbai.
A senior official said CBDT has inputs that a number of these companies possibly indulged in tax crimes and once this is established, the department will initiate action against them for indulging in money laundering and tax evasion.
The criminal case was registered by the Mumbai zonal office of the agency after it got reports in this regard from the Sebi.
The market intermediaries have also been told to appoint designated directors to ensure compliance with new norms, who would face penal action for any lapses.
The Enforcement Directorate, probing money laundering charges against Himachal Pradesh Chief Minister Virbhadra Singh and his family members, on Tuesday recorded the statement of his wife Pratibha Singh
With many foreign patients being his clients, Kumar has been accused of stashing a part of his earnings abroad and the Enforcement Directorate is assessing if a case under the Prevention of Money Laundering Act could be slapped against him and his associates.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
A man was arrested in Gujarat for allegedly receiving a significant portion of Rs 3.71 crore siphoned off from a Mumbai woman in a 'digital arrest' scam. The cybercriminals impersonated law enforcement and court officials, staging a fake online hearing to deceive the victim.
They added that Vadra was expected to join the probe again on Friday.
The ED will soon file a complaint under the Prevention of Money Laundering Act (PMLA) to probe criminal proceeds of crime that were allegedly generated by Dubey, his associates and family members and if this money was subsequently used for creation of illegal movable and immovable properties.
The Enforcement Directorate has registered a money laundering case against sacked CWG Organising Committee Chairman Suresh Kalmadi in connection with financial dealings during the 2010 Commonwealth Games.
In what was described as a sensational expose, Bhartiya Janata Party general secretary Kirit Somaiya on Monday alleged large scale money laundering by Uttar Pradesh Chief Minister Mayawati's younger brother Anand Kumar, whose assets have allegedly bloated over a short span of time.
A bill to amend the Money Laundering Act, 2002 by allowing the appointment of the chairperson and a member of an Appellate Tribunal, was introduced by Finance Minister P Chidambaram in the Lok Sabha on Friday.
The Enforcement Directorate has issued fresh summons to Reliance Group chairman Anil Ambani to appear before it on November 17 in a FEMA case after he skipped his scheduled date on Friday.
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