Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
The conviction levels are still low.
The Enforcement Directorate conducted raids on executives of political consultancy firm I-PAC and others in connection with a money laundering case linked to an alleged coal scam in West Bengal.
A Mumbai court has granted the CBI permission to arrest Amitabh Jhunjhunwala, a former senior executive at Reliance Group, in connection with a case involving the alleged misuse of bank loans. Jhunjhunwala was already in judicial custody in Delhi for a related money laundering case.
Vadra's anticipatory bail application is likely to be heard by the court on Saturday.
A special court in Delhi has remanded I-PAC co-founder Vinesh Chandel to ten days of ED custody following his arrest in connection with a money laundering case linked to an alleged coal scam in West Bengal.
The probe agency had earlier attached a Delhi farmhouse in connection with its money laundering probe against Bharti and her husband, Shailesh Kumar.
Kapoor is already facing an ED criminal case for receiving alleged kickbacks, through companies purportedly controlled by his family, for going slow on bad loans extended by his bank to some big corporate.
The Enforcement Directorate (ED) has arrested the vice chairman and managing director of real estate group IREO, Lalit Goyal, in connection with a money laundering probe against him, officials said on Tuesday. The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand, they said. Goyal was stopped by immigration authorities last Thursday at the Indira Gandhi International (IGI) airport in New Delhi on the basis of an ED look out circular against him.
The Delhi high court on Wednesday dismissed a bail plea by Avantha Group promoter Gautam Thapar in a Rs 500-crore money laundering case lodged by the Enforcement Directorate (ED). Justice Manoj Kumar Ohri denied the relief to Thapar, who was arrested under the Prevention of Money Laundering Act (PMLA) on August 3, 2021, after the agency carried out raids against him and his linked businesses in Delhi and Mumbai. The detailed order of the high court is awaited.
The Enforcement Directorate has requested a Mumbai court to decide on the discharge applications of Rohit Pawar and others in the alleged Maharashtra State Co-operative Bank (MSCB) scam, following the acceptance of a closure report in a related case.
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.
The 60-year-old Peoples Democratic Party leader, who was released last year after more than a year in detention, has been served notice to appear at the ED headquarters in the national capital.
A 72-year-old retired nurse in Nagpur was cheated of Rs 90.65 lakh by cyber criminals who kept her under 'digital arrest' for several weeks, police said.
'As the Bihar government's focus is on development and infrastructure projects worth thousands of crores, Rishu Sinha created a network to pay a decent commission to government officials for securing tenders.'
The Enforcement Directorate (ED) has attached assets worth over Rs 22,000 crore in its money laundering investigation against PACL (Pearls Group), accused of running a Rs 48,000 crore ponzi scheme.
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.
A Delhi court has granted bail to Sukesh Chandrasekhar in an ED case related to the AIADMK's 'two leaves' election symbol, citing his detention exceeding half the maximum sentence under the PMLA.
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.
A Bank of Baroda employee in Ahmedabad has been arrested for allegedly stealing Rs 8.7 crore from an RBI currency chest and laundering the money into properties and cryptocurrency.
Self-proclaimed godman Ashok Kharat, accused of portraying himself as Lord Shiva and using black magic to extort money from victims, has been arrested by the Enforcement Directorate.
Kerala police have arrested four individuals in connection with the violent attack on vehicles carrying Enforcement Directorate (ED) officials who raided former Kerala CM Pinarayi Vijayan's rented house. The arrests followed a stand-off with CPI(M) party workers and leaders.
CBI sources said the agency had sought time from the minister's wife.
Chaudhari was released from Arthur Road Jail in central Mumbai after completion of formalities, including furnishing of a cash bail of Rs 1 lakh, his lawyer Mohan Tekavde said.
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.
Officials said the agency has issued fresh summons to Singh as it wants to record his statement under the PMLA.
A Delhi court has ordered the confiscation of several properties belonging to UK-based arms consultant Sanjay Bhandari under the Fugitive Economic Offenders Act, following his declaration as a fugitive in a money laundering case.
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.
The ED will probe if money earned from the illicit narcotics trade was laundered to create movable and immovable assets by the accused. The investigation will run parallel to the NCB probe, the sources said.
The death of a close associate of jailed godman Ashok Kharat in a car accident has prompted suspicion from opposition leaders, who question whether the incident was orchestrated to suppress facts in the probe against Kharat.
The ED carried out searches against two former auditor firms of IL&FS -- BSR and Associates and Deloitte Haskins and Sells -- on Wednesday in connection with its money-laundering probe into alleged financial irregularities at the infrastructure development and finance company, official sources said. The premises linked to the two auditors in Mumbai were searched under the provisions of the Prevention of Money Laundering Act (PMLA), they added. The action came a week after the Supreme Court set aside a Bombay High Court verdict that quashed an SFIO probe against the two companies, both former auditors of IL&FS Financial Services, paving the way for action against them under the Companies Act and allowing the National Company Law Tribunal (NCLT) to take forward its enquiry against them.
The Enforcement Directorate is investigating a Kolkata-based realty company, Merlin Group, for alleged financial links to West Bengal politicians and officials as part of a money laundering probe, seizing digital devices and documents during raids.
The arrest, the first of a sitting chief minister, came hours after the Delhi high court refused to grant protection to the AAP national convenor from any coercive action by the agency.
The Enforcement Directorate has launched a money laundering investigation into the alleged embezzlement of 590 crore from Haryana government accounts held with IDFC First Bank, conducting searches across multiple locations.
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.
Trinamool Congress national general secretary Abhishek Banerjee is undergoing interrogation by the Enforcement Directorate in connection with the alleged primary school recruitment scam. The ED is focusing on the money trail, financial documents, and statements from other accused, following a prior questioning session by the state CID on a separate forgery case.
Amitabh Jhunjhunwala, former group managing director of Anil Ambani-led Reliance Communications, has been remanded in 14-day judicial custody in an alleged bank loan fraud case. The CBI alleges misutilisation of loan funds, causing significant losses to a consortium of banks led by SBI.
Kerala Home Minister Ramesh Chennithala has alleged that the violent attack on Enforcement Directorate (ED) officials' vehicles was a conspiracy by the CPI(M) to disrupt law and order. The ED raids were linked to financial dealings between former CM Pinarayi Vijayan's daughter's firm and a sand mining company.
Former IPL Commissioner Lalit Modi, who claims that there is no wrongdoing by him in the legal cases faced by him in India, has said that he was born with "a diamond spoon", has a kingsize lifestyle, travels everywhere and that "Rs 10-12 crore" may not last with him a week.
