PMLA Case

The ED said that the accused acquired proceeds of crime and layered the same in the form of various immovable properties

The ED said that they also conducted a fund trail investigation and found that Vinay Aranha diverted the loans and got crores of rupees in cash

The Delhi High Court has held that the Enforcement Directorate (ED) has the power to investigate and inquire into an offence of money laundering under the Prevention of Money Laundering Act (PMLA) only and it cannot assume that a predicate offence has been committed. The high court said the predicate offence has to be necessarily investigated and tried by the authorities empowered by law in that regard and the ED cannot possibly arrogate unto itself the power to investigate into the alleged commission of those offences. What needs to be emphasised is that the PMLA empowers the ED to investigate Section 3 offences only. Its power to investigate and enquire stands confined to the offence of money laundering as defined in that section. However, the same cannot be read as enabling it to assume from the material, that it may gather in the course of that investigation, that a predicate offence stands committed. "The predicate offence has to be necessarily investigated and tried by the ...

A special court in Bengaluru has convicted a former official of the ministry of chemical and fertilisers and his wife on money laundering charges for siphoning more than Rs 1.25 crore from the funds of the Central Institute of Petrochemicals Engineering and Technology, the ED said on Friday. The designated PMLA court "convicted H N Arvind and Binu H Arvind for offences committed under the Prevention of Money Laundering Act and sentenced H N Arvind to rigorous imprisonment for a period of four years along with imposition of fine of Rs 1 lakh." "The court also sentenced Binu H Arvind to rigorous imprisonment for a period of three years along with imposition of fine of Rs 50,000," the Enforcement Directorate said in a statement. The money laundering case stems from an earlier CBI FIR that charged H N Arvind for siphoning off a sum of Rs 1,25,71,209 when he was working as a technician (grade-I) in the central institute of plastic engineering and technology in Mysuru (Karnataka). The ..

The Delhi High Court on Monday sought response of the Enforcement Directorate (ED) on the bail pleas of two accused in a money laundering case in which Delhi minister Satyendar Jain is also facing prosecution. Justice Dinesh Kumar Sharma issued notice to the ED and asked it to file its reply on the bail applications of Vaibhav Jain and Ankush Jain. The high court listed the two bail pleas on December 20, along with Satyendar Jain's bail application. The two accused have challenged a trial court's November 17 order by which their bail pleas were dismissed on grounds that they "knowingly" assisted Jain in concealing the proceeds of crime and were "prima facie guilty" of money laundering. The trial court had also dismissed the bail plea of Satyendar Jain, saying he was prima facie involved in concealing the proceeds of crime. It had said "prima facie" Jain was "actually involved in concealing the proceeds of crime by giving cash to Kolkata-based entry operators and thereafter, bringi

A court here has framed charges against jailed Kerala-based journalist Siddique Kappan and six other people in a Prevention of Money Laundering Act (PMLA) case. Special Judge of Enforcement Directorate (ED) matters Sanjay Shankar Pandey asked the federal agency to produce its witnesses before the court on December 17. Besides Kappen, the other accused in the case are KA Rauf Sherif, Atikur Rahman, Masud Ahmad, Mohammad Alam, Abdul Razzak and Ashraf Khadir. The ED had booked Kappan in the PMLA case for allegedly obtaining money from a foreign country illegally and utilising it in acts against the interest of the nation. Kappan was arrested along with three others on October 6, 2020 while they were on their way to Hathras in Uttar Pradesh to report on the alleged gang rape and killing of a 19-year-old woman. He has been in jail since then. Police had initially booked the journalist for offences under the Unlawful Activities (Prevention) Act (UAPA). Subsequently, the ED also lodged a

The Delhi High Court on Wednesday permitted PDP leader Mehbooba Mufti to withdraw her petition challenging the constitutional validity of a provision of the Prevention of Money Laundering Act (PMLA). The lawyer appearing for the former Jammu and Kashmir chief minister told a bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad about her decision to withdraw the petition which was filed in March 2021. The petition also challenged the summons issued to her by the Enforcement Directorate in a money laundering case and sought a stay which the court had earlier declined. The court was informed the issues raised by the petitioner have already been addressed by the Supreme Court in a decision. Mufti had in her plea sought declaring section 50 of the Prevention of Money Laundering Act void and inoperative, being unfairly discriminatory, bereft of safeguards, and violative of Article 20(3) of the Constitution. Section 50 of the Act empowers the ED authority to summon

The Enforcement Directorate (ED) has attached 40 per cent share of the Hotel Project (1,40,000 Sq. Ft. FSI Space) within the Commercial Centre, Gardens Galleria, Noida.

The Enforcement Directorate (ED) on Thursday said that it has recently conducted search operations at 16 locations in Bengaluru in connection with a money laundering case

The court has also extended the interim bail granted to Jacqueline till Tuesday

The ED has arrested two company executives linked to liquor trade in the money laundering investigation being conducted by it into the now scrapped Delhi Excise policy case, official sources said Thursday. Benoy Babu of Pernod Ricard and Sharath Reddy of Aurobindo Pharma have been arrested under sections of the Prevention of Money Laundering Act (PMLA), they said. The Enforcement Directorate (ED) has conducted multiple raids in this case so far. In September, it arrested Sameer Mahandru, managing director of a liquor manufacturing company Indospirit. The agency early this month raided the premises of a PA of Delhi Deputy chief minister Manish Sisodia and later questioned him at its office in Delhi. The money laundering case stems from a CBI FIR that had named Sisodia as an accused among others. The CBI had raided the premises of the deputy chief minister and some Delhi government bureaucrats after filing the case. The excise scheme came under the scanner after the Delhi LG recomm

According to reports, ED has arrested Sarath Reddy, director of Aurobindo Pharma, under the money laundering act in the now scrapped Delhi Excise policy case.

ED in its reply opposing the regular bail plea of Jacqueline stated that she never cooperated with the investigation and only made the disclosure when confronted with evidence

He is wanted in India for money laundering, kickbacks in arms deal and tax evasion during the UPA government

A Delhi Court on Saturday extended the interim bail of Bollywood actor Jacqueline Fernandez in connection with the Enforcement Directorate (ED) case related to the Rs 200 crore money laundering matter

The ED on Friday said it has frozen fresh deposits worth Rs 78 crore following raids at the premises of payment gateway Razorpay and some banks as part of an ongoing money laundering probe against the alleged illegal operations of loan apps "controlled" by Chinese nationals. The searches were carried out at five premises in Bengaluru on October 19, the Enforcement Directorate said. The money laundering case stems from 18 FIRs filed by the cyber crime police station of Bengaluru police against numerous entities/persons for their involvement in extortion and harassment of the public who had availed small amounts of loans through the mobile apps being run by them. "These entities are controlled/operated by Chinese nationals. The modus operandi of these entities is to use forged documents of Indians and make them dummy directors and generate proceeds of crime. "It has come to notice that the said entities were doing their suspected/illegal business through various merchant IDs/accounts

The Enforcement Directorate (ED) on Friday said it has attached seven immovable assets of gangster-turned-politician Mukhtar Ansari as part of a money laundering investigation against him and his family. The properties, provisionally attached under the Prevention of Money Laundering Act (PMLA), are worth Rs 1.48 crore (registry value) while their circle rate at the time of registration was Rs 3.42 crore, the federal agency said in a statement. Ansari, a five-time former MLA, is currently lodged in a jail at Banda in Uttar Pradesh. The 59-year-old was questioned by the ED in this case last year. The agency in August had also raided the official residence of his elder brother and BSP MP Afzal Ansari in Delhi and some locations in the Ghazipur district of Uttar Pradesh.

The Enforcement Directorate has filed a chargesheet at a special Bengaluru court against several individuals and two firms for allegedly cheating the people by collecting around Rs 200 crore from them

The Enforcement Directorate has freezed crypto currencies and Tether, an Ethereum token that is pegged to the value of a US dollar, equivalent to Rs 47.64 lakh under the provisions of the Prevention of Money Laundering Act (PMLA). This has come following an investigation conducted by the ED against a person named Aamir Khan and others relating to the Mobile gaming application, E-nuggets, According to an Enforcement Directorate (ED) statement. The ED initiated the money laundering investigation on the basis of an FIR registered on February 15, 2021 under various sections of IPC by the Park Street police station in Kolkata against Khan and a few others based on complaint filed by the Federal Bank in a Kolkata court. Khan launched a mobile gaming application namely E-Nuggets, which was designed for the purpose of defrauding public. Further, after collecting handsome amount from the public, all of a sudden, the withdrawal from the said app was stopped on the pretext of one and other ...

The Delhi High Court issued notice to the Enforcement Directorate on a plea moved by Delhi Minister Satyendar Jain against the transfer of proceedings in the money laundering case against him