The Enforcement Directorate (ED) has imposed a Rs 184-crore penalty on NewsClick and its founder, Prabir Purkayastha, for alleged FEMA violations related to foreign funding and misrepresentation of business activities.
The Enforcement Directorate 'simply inverted the template' of Prevention of Money Laundering Act (PMLA) by registering a first information report (FIR) in 2021, a Delhi court on Tuesday said while refusing to take cognisance of the ED's money laundering charge against Congress leaders Sonia Gandhi and Rahul Gandhi in the National Herald case.
Enforcement agencies have highlighted risks related to money laundering and terror financing, prompting closer scrutiny of crypto platforms operating in India.
A special court in Mumbai on Wednesday refused bail to former Maharashtra minister Nawab Malik in an alleged money laundering case linked to a land deal in which fugitive gangster Dawood Ibrahim and his aides were involved.
Former Rajasthan minister Mahesh Joshi has been arrested in connection with the alleged Rs 960-crore Jal Jeevan Mission scam. The arrest follows that of a retired IAS officer and involves accusations of misuse of power and bribery.
The Bombay High Court has ruled that the Prevention of Money Laundering Act (PMLA) takes precedence over debt recovery laws like SARFAESI and RDB Acts when it comes to the attachment of proceeds of crime.
HSBC admitted to a breakdown of controls and apologised in a statement announcing it had reached a deferred-prosecution agreement with the US Department of Justice, as was first reported by Reuters last week.
The Enforcement Directorate (ED) has summoned Varsha Raut, wife of arrested Shiv Sena MP Sanjay Raut, for questioning in a money laundering investigation linked to alleged irregularities in the redevelopment of a local 'chawl' and linked transactions, officials said on Thursday.
Occasionally, a whistle-blower releases sensitive financial data.
Kerala Chief Minister Pinarayi Vijayan has condemned the attack on Enforcement Directorate (ED) officials following a search at his rented residence, calling it a serious offence. He also defended the ED's investigation into financial dealings involving his daughter's firm.
The Income Tax Department conducted searches at multiple locations in Kolkata, including the residence of TMC MLA Debashis Kumar and Miraj Shah, a proposer of Mamata Banerjee's candidature. The TMC alleges the raids are politically motivated.
Any bank account suspected to have been "misused" for money laundering or shell company operations won't be exempted from probe under 'Operation Clean Money' despite having low deposits, the CBDT said on Tuesday.
The criminal case filed under the Prevention of Money Laundering Act is linked to the recovery of at least two diaries by the ED after raids on an alleged associate of Mehbooba, a former Jammu and Kashmir chief minister.
The officials said her statement was also recorded under the Prevention of Money Laundering Act.
The Enforcement Directorate is likely to book former IPL chairman Lalit Modi under the stringent Prevention of Money Laundering Act, which gives the Directorate the power to arrest and attach properties.
Rashid Naseem, wanted in India for an alleged investment fraud, has been arrested in Dubai following an Interpol Red Notice and extradition request.
During the arguments on the bail pleas, ED had argued that the accused had committed the offence of money laundering punishable under provisions of PMLA.
The Enforcement Directorate (ED) has attached the land and building of Haryana-based Al Falah University, worth about Rs 140 crore, that came under the radar of the security agencies following the November 10 Red Fort area blast, and filed a charge sheet against Al Falah Group chairman Jawad Ahmed Siddiqui and his charitable trust.
Delhi Police dismantled a cyber fraud facilitation network involving mule bank accounts and shell companies, arresting two dummy directors after detecting a fund flow of over Rs 16 crore within eight days.
Security agencies have uncovered a vast network of 'mule accounts' in Jammu and Kashmir used to launder money for global scams, raising concerns about potential links to separatist activities.
The Chhattisgarh High Court has granted bail to Saumya Chaurasia, a former deputy secretary in the CMO, in two cases related to the alleged liquor scam that occurred during the previous Congress government.
The Enforcement Directorate (ED) has attached assets worth Rs 11.14 crore of former cricketers Suresh Raina and Shikhar Dhawan as part of a money-laundering probe linked to the operations of an alleged illegal betting site, official sources said on Thursday.
The Chhattisgarh High Court has granted bail to Saumya Chaurasia, a former deputy secretary in the CMO, in two cases related to the alleged liquor scam being investigated by the ED and EOW.
Lalu's daughter was grilled by the ED on Tuesday for about eight hours.
The Reliance Centre, a guesthouse and some residential assets in Mumbai, apart from 231 plots of land in Chennai, are among the fresh assets worth Rs 1,120 crore attached by the ED as part of its ongoing money-laundering probe against the companies of Reliance Group chairman Anil Ambani.
They have also been accused of extending loans for criminal intent of falsification of repayment by a number of borrowers, including some entities associated with large corporate groups.
The HC posed the question to the 70-year-old liquor baron, wanted in India to face trial on fraud and money laundering charges, on his return home while hearing his twin pleas.
Punjab Police has dismantled the financial infrastructure of drug-trafficking networks, freezing assets worth Rs 300 crore linked to alleged drug smugglers.
HSBC has acknowledged compliance lapses, including a failure to maintain an effective anti-money laundering programme.
The Jammu and Kashmir Police's Counter Intelligence Wing (CIK) has dismantled a sophisticated international cyber fraud racket, arresting seven individuals in Srinagar. The operation targeted victims in the USA, UK, and Canada, using advanced techniques to steal funds through deceptive online schemes.
Rajesh Agarwal, the chartered accountant, was allegedly instrumental in providing accommodation entries to many high-profile people to help launder their funds.
Deferred payment plans may come with a cost, which may not be immediately visible.
French striker Karim Benzema was heard as a witness several months ago in an investigation over money laundering, a source close to the soccer player said on Friday, confirming a report by French daily Liberation.
Authorities in Chhattisgarh have attached properties worth Rs 4 crore belonging to suspended IAS officer Sameer Vishnoi, an accused in the coal levy scam, for allegedly amassing assets beyond his known sources of income.
The Enforcement Directorate has registered a money laundering case against a close associate of Union Minister Gen (retd) VK Singh over alleged financial irregularities in the supply of defence items.
The Uttarakhand Special Task Force (STF) has arrested two members of an inter-state organised gang from Jammu and Kashmir for their alleged involvement in cyber fraud.
The Enforcement Directorate has reported a staggering 170 per cent surge in asset attachments, reaching 81,422 crore in the last financial year (FY26), underscoring its intensified efforts against financial crimes and its significant role in restituting funds to victims.
Jailed former Jharkhand chief minister Madhu Koda and his aide Vikash Kumar Sinha were on Friday granted bail by the Supreme Court for their alleged role in a money laundering case. But the duo will remain in prison in connection with bribery and other offences.
The opposition party also vowed to expose the "vendetta politics" against its leadership, asserting that the Congress cadre is agitated and is going to show its strength against the "misuse of agencies."
Money laundering is punishable under the provisions of PMLA.
