Page 14 - Enforcement Directorate

Delhi Excise Policy scam: ED seizes Rs 1 cr from businessman's house

In connection with the Delhi Excise Policy scam, the Enforcement Directorate (ED) has seized Rs 1 crore from the house of a businessman in the national capital, sources said on Saturday.

ED 'needs to wait' to take TMC leader Anubrata Mondal's bodyguard to Delhi

Despite getting court order for taking Sehgal Hossian -- the bodyguard of Trinamool Congress strongman Anubrata Mondal -- into its custody, the ED will not be able to take Hossian to Delhi for now

ED attaches Rs 1.54-cr worth assets against Amnesty India under PMLA

Assets worth Rs 1.54 crore of a charitable trust linked to international human rights organisation Amnesty India have been attached under the anti-money laundering law, the Enforcement Directorate said Friday. A provisional order for attachment has been issued under the Prevention of Money Laundering Act (PMLA), it said. The order has been issued against the trust -- Indians for Amnesty International Trust (IAIT) -- in connection with a case linked to alleged violation of the Foreign Contribution Regulation Act (FCRA) by the India arm of the global organisation. The federal agency, whose case stems from a CBI FIR against Amnesty India, issued a statement saying the Amnesty International India Foundation Trust (AIIFT) was granted permission under the FCRA, 2010 during 2011-12 for receiving foreign contributions from the Amnesty International UK. "However, the same was cancelled and permission/registration has been denied," it said. The Amnesty International India Pvt Ltd (AIIPL) an

ED conducts fresh raids at 35 locations in Delhi excise policy case

The ED on Friday launched fresh raids in connection with its money laundering investigation into alleged irregularities in the now-scrapped Delhi excise policy, official sources said. The searches are being carried out at about 35 locations in Delhi, Punjab and some places in Hyderabad, they said. Some liquor distributors, companies and linked entities are being searched, the sources said. The Enforcement Directorate (ED) has conducted more than 103 raids in this case till now and had also arrested Sameer Mahandru, a liquor businessman and managing director of liquor manufacturing company Indospirit last month in the case. The money laundering case stems from a CBI FIR. The liquor scheme came under the scanner after the Delhi LG recommended a CBI probe into the alleged irregularities in the implementation of Delhi's Excise Policy 2021-22. He had also suspended 11 excise officials in the matter.

Xiaomi rejects speculation over India operations being moved to Pakistan

Rumours started with a portal's tweet that the Chinese cellphone manufacturer may shift its operations from India to Pakistan after its assets worth $676 million were seized

ED files chargesheet against two firms, several individuals in PMLA case

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

Karnataka HC declines relief to Xiaomi India over Rs 5,551-cr asset freeze

The competent authority, formed under the Foreign Exchange Management Act, 1999 (FEMA), confirmed the order of the ED to seize the assets of the smartphone company on September 19.

Karnataka HC declines relief to Xiaomi over Rs 5,551-cr asset freeze

The Enforcement Directorate froze Rs 5,551 crore of Xiaomi assets in April, alleging the company made illegal remittances to foreign entities by passing them off as royalty payments

ED turned down plea for exemption from appearance: Cong leader Shivakumar

Karnataka Congress president DK Shivakumar on Thursday said that the Enforcement Directorate has turned down his plea for exemption from appearance before the agency on October 7 in a money laundering case. In a fresh message to Shivakumar, the ED has told him to make himself available before the agency on Friday. "You are once again directed to present yourself before me at my office for recording of your statement on October 7, 2022 as per summons dated September 23, 2022," said an email sent by ED Assistant Director Kuldeep Singh. Shivakumar, who is presently participating in the Congreess' Bharat Jodo Yatra which is passing through Karnataka, had requested the probe agency to allow him exemption from appearance till October 21. "I had requested for time to appear before the ED which has been denied.I will take a call on whether to appear before the agency after talking to my leaders, Shivakumar said. The Enforcement Directorate has summoned Shivakumar for questioning in its .

Extension to ED's key official to maintain pace of probe in scams in Bengal

ED's decision to extend the term of deputation for Sudesh Kumar Sheoran is being perceived by the circles concerned as a step to maintain the pace of probe in various financial scams in the state

HC grants bail to former Maharashtra home minister Anil Deshmukh in ED case

The Bombay High Court on Tuesday granted bail to former Maharashtra home minister Anil Deshmukh in an alleged money laundering case. Justice N J Jamadar pronounced the order. Earlier, the Supreme Court had directed the HC to hear and decide the NCP leader's plea expeditiously as it was pending for six months. His lawyers Vikram Chaudhari and Aniket Nikam argued that considering his age (72), health and the fact that he had no criminal antecedents he should be granted bail. Additional Solicitor General Anil Singh, appearing for the Enforcement Directorate (ED), opposed the application arguing that Deshmukh did not suffer from any ailments that cannot be treated at jail hospital. Arrested by the ED in November 2021, Deshmukh is now in judicial custody. The ED booked him after the Central Bureau of Investigation (CBI) registered a corruption case against him following allegations made by former Mumbai Police commissioner Param Bir Singh. The ED claimed that Deshmukh misused his ...

ED initiates probe against Chinese app that 'cheated' job seekers

The ED has initiated a probe against a Chinese "controlled" mobile app that allegedly duped a number of youngsters in lieu of providing them part-time jobs that included "liking" and uploading celebrity videos on social media platforms. The federal agency said on Monday it has raided at least 12 entities in Bengaluru that are linked to the app -- 'Keepsharer' -- following which it seized funds worth Rs 5.85 crore. The probe found that "gullible public, mostly youth, were cheated by some Chinese persons through a mobile app namely Keepsharer which promised them to give part-time job and collected money from them", the Enforcement Directorate (ED) said in a statement. The Chinese formed companies here and recruited several Indians as directors, translators (Mandarin to English and vice-versa), HR managers and tele-callers, the ED said. "They obtained the documents of Indians and opened bank accounts. The accused Chinese persons developed the app and started its advertisement through

Xiaomi says 84% of Rs 5,551 cr seized by ED was royalty payment to Qualcomm

Chinese smart devices firm Xiaomi on Sunday said that over 84 per cent of the Rs 5,551.27 crore seized by the Enforcement Directorate was the royalty payment made to US chipset company Qualcomm. The ED, under the Foreign Exchange Management Act (FEMA), has approved an order of seizure of over Rs 5,551 crore worth of deposits of Chinese mobile phone manufacturer Xiaomi -- the highest amount frozen till date in India. The Enforcement Directorate (ED) charged the Chinese phone maker with remitting foreign currency equivalent to Rs 5,551.27 crore to three entities -- one Xiaomi Group company and two US-based unrelated entities -- in the guise of royalty. "We have studied the order from the Competent Authority and are disappointed with the decision as none of the factual and legal contentions raised by us have been addressed. We believe our royalty payments and statements to the bank are all legitimate and truthful," Xiaomi said in a statement. The Chinese company said that Xiaomi India

National Herald case: ED again summons Karnataka Congress chief Shivakumar

The Enforcement Directorate has summoned Karnataka Congress President D K Shivakumar for questioning in its ongoing money laundering probe into the operations of the Congress party-owned National Herald newspaper, official sources said. He has been asked to depose before the federal investigative agency on October 7 in Delhi, they said. The 60-year-old former cabinet minister was last questioned by the federal agency on September 19 in the national capital in another money laundering case linked to alleged possession of disproportionate assets. The latest summons comes at a time when the 'Bharat Jodo Yatra' of the Congress party, led by its leader Rahul Gandhi, entered Karnataka on Friday, September 30, and will be in the state for 21 days. Shivakumar is involved in the conduct of this leg of the yatra. While exiting the ED office after his questioning last month, he had told the waiting mediapersons that he has been charge-sheeted by the agency in one money laundering case but h

ED order to seize Rs 5.5K cr from Chinese mobile firm Xiaomi gets approval

FEMA, which checks foreign exchange violations, requires that the appeals against seizure orders be heard only by an authority appointed by the Centre

PFI involved in money laundering, ED tells court, 3 accused sent to jail

Popular Front of India (PFI) has been involved in continuous offences of money laundering over the years, the Enforcement Directorate Friday told a Delhi Court which remanded three arrested office bearers of the banned outfit to 14 days of judicial custody. The agency also said that its investigation had revealed that the accused persons played an active role in raising or receiving bogus cash donations on behalf of PFI. The agency arrested the three accused, Perwez Ahmad, President of PFI Delhi, Mohd. Ilias, general secretary of the Delhi unit, and its office secretary Abdul Muqeet on September 22 for their alleged role in the offence of money laundering in the guise of cash donations. Additional Sessions Judge Shailender Malik remanded the three accused to 14 days of judicial custody after they were produced before him on completion of their seven days of custodial interrogation. The ED in its remand application said Prevention of money laundering Act (PMLA) investigation has ...

ED files complaint against DoT official in disproportionate assets case

The Enforcement Directorate has filed a prosecution complaint against a senior Department of Telecommunications officer and a few others before a special court in Kolkata under the Prevention of Money Laundering Act (PMLA) in a disproportionate assets case. The court has taken cognisance of the offence of money laundering in the prosecution complaint against Soumyendra Nath Banerjee, a former deputy director general, new technology, DoT, Kolkata, and a few others filed by the Enforcement Directorate (ED) on Thursday, an ED statement said. The ED initiated money laundering investigation on the basis of an FIR registered by the CBI, ACB, Kolkata for offences punishable under various sections of the Prevention of Corruption Act, 1988. As per the charge-sheet filed by the CBI, ACB, Kolkata, Banerjee had allegedly amassed huge assets, beyond his known source of income, and was in a possession of disproportionate assets worth Rs 7.58 crore, the statement said. The ED investigation reveal

Xiaomi case: FEMA authority confirms ED's seizure order of Rs 5,551.27 cr

The order has been issued under section 37A of the FEMA against Xiaomi Technology India Private Ltd, the federal agency said in a statement.

ED freezes crypto currency, Tether worth Rs 47.64 lakh under PMLA

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 ...

ED freezes OctaFx Trading's bank balance of Rs 21.14 cr under FEMA

The Enforcement Directorate said it has frozen the bank balance to the tune of Rs 21.14 cr of OctaFx and related entities in the case of illegal online forex trading through international brokers