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.
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 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 case is linked to an alleged fraud of over Rs 512 crore in a Panvel-based cooperative bank.
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.
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.
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.
The Enforcement Directorate has summoned several farmers in Jaipur as part of an investigation into alleged money laundering and fraudulent land aggregation involving real estate developers.
They added that Vadra was expected to join the probe again on Friday.
Probes come after independent journalist accuses ICICI, HDFC, Axis Bank and cites video recordings collected by him as evidence.
In a first, the Enforcement Directorate on Tuesday registered a money laundering case against ten people, including chief of banned militant outfit Hizbul Mujahideen Syed Salahuddin, for alleged cross-border funding of terror activities in the country.
Enforcement Directorate has registered a money laundering case against former Congress leader Y S Jaganmohan Reddy, days after the Central Bureau of Investigation had searched various premises belonging to him.
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.
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 world anti-money laundering body has deleted all trace of an alert it issued last week warning that financial institutions had not done enough to police suspicious financial activity by officials at FIFA.
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.
The Allahabad high court on Friday directed the Enforcement Directorate to investigate charges of money laundering against Rajya Sabha Member of Parliament Amar Singh, saying that the matter needed a thorough probe as it had "national ramifications". The court gave the direction while dismissing a petition filed by the former Samajwadi Party general secretary, who had challenged an FIR lodged in Kanpur nearly two years ago.
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 requested police protection for homebuyers and witnesses in a money laundering case involving Ocean Seven Buildtech Pvt Ltd, following reports of threats and intimidation.
The action comes days after the CBI registered an FIR in the country's biggest alleged bank loan fraud case till date.
Union Minister Pankaj Chaudhary stated that Prime Minister Narendra Modi strengthened the Enforcement Directorate (ED) to combat financial crimes like money laundering and corruption, dismissing allegations of it being used to target political opponents.
The Enforcement Directorate conducted raids across Arunachal Pradesh, uncovering a large-scale interstate liquor smuggling and money laundering network.
After cautioning Indian markets about possible money laundering and terror-funding risks from Iran and North Korea, market regulator Sebi has issued a warning for funds from eight more countries, including Turkey and Ethiopia.
The government said action would be taken against ICICI Bank, HDFC Bank and Axis Bank on the basis of an RBI audit report which has detected certain "aberrations", a month after the private banks were accused of money laundering by an online news portal.
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.
Altaf Hussain, Pakistan's powerful Muttahida Qaumi Movement leader, was arrested on Tuesday in London on charges of money laundering.
Cochin Minerals and Rutile Ltd (CMRL) has challenged the Kerala High Court's decision allowing the Enforcement Directorate (ED) to investigate its financial dealings with Veena T, daughter of Kerala's Chief Minister Pinarayi Vijayan. CMRL argues the ED probe lacks jurisdiction and violates natural justice principles.
Senior Trinamool Congress MLA Madan Mitra on Tuesday gave party supremo Mamata Banerjee a one-month ultimatum to "leave Abhishek's hand" and reconnect with grassroot workers, while asking the Trinamool Congress national general secretary Abhishek Banerjee to admit his "mistakes".
A Delhi court has remanded former senior executives of Reliance Anil Ambani Group (RAAG) to five days of ED custody in connection with an alleged bank loan fraud-linked money laundering case.
The Enforcement Directorate has registered a money laundering case against Karti Chidambaram, son of former finance minister P Chidambaram, and others, taking cognisance of a recent CBI FIR against them.
Daniel Wager, who helped investigate HSBC for the federal agency, joined the HSBC's anti-money laundering team last November as a senior vice-president.
Section 54 provides a tax-free method to convert unaccounted money into accounted money, says Harsh Roongta.
The ED case follows the police complaint for alleged criminal conspiracy and defrauding investors.
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.
Hampton Sky Realty Limited, formerly directed by Punjab minister Sanjeev Arora, has issued a statement asserting its innocence and cooperation with authorities following the arrest of Arora in connection with a money laundering probe.
CPI(M) leaders, including Brinda Karat and M A Baby, were detained during a protest outside the ED headquarters in Delhi against searches at the residence of former Kerala chief minister Pinarayi Vijayan.
The central probe agency had filed a money laundering case to probe the deal and is carrying out the action to collect evidence under the Prevention of Money Laundering Act (PMLA), officials said.
