Page 16 - Enforcement Directorate

Welspun bid for ABG Shipyard among highest for assets under liquidation

Gujarat govt welcomes the winning offer which could boost ship building activity under the new 2019 port policy

ED freezes Rs 2,747 cr worth of assets of ABG Shipyard in bank fraud case

The ED case has been filed under various Sections of the Prevention of Money Laundering Act (PMLA) after the investigators studied the CBI complaint and the forensic audit report

Government does not interfere in functioning of ED, says FM Sitharaman

Union Finance Minister Nirmala Sitharaman on Thursday said the government does not interfere in the functioning of the Enforcement Directorate (ED) and rejected the Opposition criticism that the central agency is often misused against opponents of the Bharatiya Janata Party (BJP). Addressing a press conference near Pune on the sidelines of a programme, she said the ED comes into picture only when there is suspicion of money laundering. Asked about ED actions against Opposition leaders, Sitharaman said the law enforcement agency, which comes under the Ministry of Finance, knows its responsibilities and the government does not interfere in its work. "Try to understand the functioning of the ED. It does not reach the spot when an incident happens. It's role comes into the picture only after it emerges that the Prevention of Money Laundering Act (PMLA) has been violated in a case. "The ED never comes into the picture directly. It comes when there is a doubt that money laundering has .

Will never surrender: PFI after NIA-ED raids at party offices in 11 states

The Popular Front of India, while condemning the raids by the National Investigation Agency (NIA) and the Enforcement Directorate (ED) against its leaders, stated that it will "never surrender"

ABG Shipyard: ED attaches assets worth Rs 2,747 cr in money laundering case

The ED on Thursday said it has attached dockyards, agricultural lands, commercial properties and bank deposits worth more than Rs 2,747 crore as part of an alleged bank loan fraud linked money laundering investigation against ABG Shipyard Ltd, its group companies and linked entities. The seized properties include shipyards located at Surat and Dahej in Gujarat, agricultural lands and plots, various commercial and residential premises in Gujarat and Maharashtra and bank accounts owned by ABG Shipyard Ltd., its group companies and other related entities, the federal agency said in a statement. The total value of the provisionally attached assets, under the Prevention of Money Laundering (Act), is Rs 2,747.69 crore. The Enforcement Directorate action comes a day after the CBI arrested the founder of the company Rishi Kamlesh Agarwal. Probe found that the ABG Shipyard Ltd. and its Chairman & Managing Director Agarwal availed various credit facilities/loans from consortium of Banks led

ED finds no evidence of Republic TV's involvement in TRP rigging case

The Enforcement Directorate (ED) has said that there is no evidence of involvement of Republic TV and R Bharat in the case of manipulation of Television Rating Points (TRP)

NIA, ED conduct anti-terror raids in 10 states; 100 PFI activists detained

The National Investigation Agency on Thursday morning launched a massive nationwide search operation against groups, including PFI, and individuals allegedly supporting terrorists, officials said. In the "largest ever investigation till date", the searches are taking place at the premises of those allegedly involved in terror funding, organising training camps, and radicalising people to join proscribed organisations, they said. "The raids are taking place at the homes of national, state and local leaders of PFI. The state committee office is also being raided. "We strongly protest the fascist regime's moves to use agencies to silence dissenting voices," the outfit said in a statement.

WBSSC scam: Partha Chatterjee, 3 others get judicial custody till Oct 5

A special CBI court here Wednesday rejected the bail prayer of former West Bengal minister Partha Chatterjee and remanded him and three others to judicial custody till October 5 in connection with its probe in the SSC recruitment scam. The three others sent to judicial custody till the same date are former West Bengal Board of Secondary Education (WBBSE) president Kalyanmoy Ganguly, who was arrested by CBI on September 15, former secretary of West Bengal School Service Commission (SSC) Ashok Saha and its former advisor S P Sinha. The order was given by a CBI court a prayer by the central investigating agency. The special court had on September 16 given CBI the custody of Chatterjee till Wednesday on a prayer by the agency for questioning him in connection with the case, which it is investigating on an order of the Calcutta High Court. Chatterjee and his alleged close associate Arpita Mukherjee were arrested by the Enforcement Directorate (ED), which is probing the reported money tr

ED cases against opposition candidates up four-fold under NDA government

Out of the total 121 cases against politicians under Enforcement Directorate (ED) probe currently, 115 or 95 per cent are against Opposition leaders

Sukesh Chandrasekhar: A jailed conman who never stopped duping people

He is accused of running an extortion racket worth Rs 200 crore from the inside of Tihar jail. He has also duped people on the pretext of promising them jobs

Some BJP leaders, not PM, behind misuse of CBI, ED: Mamata Banerjee

West Bengal Chief Minister Mamata Banerjee on Monday sought to insulate Prime Minister Narendra Modi from allegations of misuse of central agencies by the BJP-led Centre against political rivals by saying she doesn't believe that the PM is behind the alleged excesses of CBI and ED. The chief minister, who has been a voracious critic of the Narendra Modi government since 2014, blamed a section of the BJP leaders for misusing the central agencies to serve their interests. While speaking on a resolution in the Assembly against the "excesses" of the central probe agencies, Banerjee, also the Trinamool Congress supremo, urged the Prime Minister to ensure that the functioning of the union government and the interests of his party do not get mixed up. The BJP said such a resolution against the CBI and ED is against the rules and regulations of the Assembly. The resolution was passed through division, with 189 voting in favour of it and 69 against it. Central agencies such as CBI and ED a

Partha Chatterjee-Arpita Mukherjee assets worth Rs 103 cr: ED charge sheet

ED officials said that the assets include cash amounting to Rs 49.80 crore and gold worth Rs 5.08 crore seized from the two residences of Mukherjee in Kolkata in July.

ED attaches over Rs 46 crore assets of ex-minister Partha Chatterjee, aide

The Enforcement Directorate on Monday said it has attached assets worth Rs 46.22 crore "beneficially owned" by former minister Partha Chatterjee and his alleged associate Arpita Mukherjee as part of a money laundering probe in the West Bengal teachers' recruitment 'scam'. The attached properties include 40 immovable assets such as a farmhouse, flats and "prime land" located in Kolkata worth a total Rs 40.33 crore, apart from Rs 7.89 crore worth deposits kept in 35 bank accounts, the federal agency said in a statement. "The attached properties are found to be beneficially owned by Partha Chatterjee and Arpita Mukherjee," it said. According to the agency, several of the attached properties were registered in the name of shell companies and persons acting as proxies for Chatterjee. The former minister in the TMC-led government in West Bengal and his "close associate" were arrested by the ED in July. The agency had seized Rs 49.80 crore cash, gold and other jewellery worth more than R

Patra Chawl case: Court extends Sanjay Raut's judicial custody till Oct 3

Raut was arrested by the Enforcement Directorate (ED) on August 1 in connection with the alleged Patra Chawl redevelopment scam case, and has been in custody since.

Delhi excise policy scam case: ED summons AAP leader Durgesh Pathak

The Enforcement Directorate (ED) has summoned senior Aam Adami Party (AAP) leader and Rajinder Nagar MLA Durgesh Pathak in the Delhi excise policy case

ED summons K'taka Cong prez Shivakumar in disproportionate assets case

The Enforcement Directorate (ED)'s summons to Karnataka Congress President D.K Shivakumar in connection with the Rs 74.93 crore disproportionate assets case has thrown a spanner in the party's efforts

Probe into Chinese loan apps: ED freezes Rs 46 cr kept in payment gateways

Easebuzz, Razorpay, Cashfree and Paytm impacted

Delhi liquor policy: ED conducts fresh raids at 40 locations across India

The ED on Friday launched fresh raids at about 40 locations across the country, including at the Delhi residence of a YSRCP MP, as part of a money laundering investigation into alleged irregularities in the now scrapped Delhi Excise Policy, official sources said. The searches are being conducted at premises linked to liquor businessmen, distributors and supply chain networks in Nellore and some other cities in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Delhi-NCR, they said. The premises linked to YSRCP Lok Sabha MP from Ongole M Sreenivasulu Reddy in Delhi are also being searched, they said. Reddy has links with liquor distributorship business. He could not be contacted by PTI despite repeated attempts. The action started early morning with agency teams being escorted by police and paramilitary personnel at the locations being searched by them. This is the second round of raids by the federal agency in this case after it first conducted searches on September 6 at about

Chinese loan apps: ED freezes Rs 46 cr kept in payment gateway accounts

The ED Friday said it has frozen Rs 46.67 crore funds of merchant entities kept in online payment gateway accounts of Easebuzz, Razorpay, Cashfree and Paytm following raids this week against a "Chinese-controlled" investment token app. The funds have been frozen under the anti-money laundering law. The latest action comes after the Enforcement Directorate (ED), earlier this month, raided the Bengaluru premises of Razorpay, Paytm and Cashfree over alleged irregularities in the operations of instant app-based loan-giving companies "controlled" by Chinese persons. Later, a seizure order for Rs 17 crore kept in their accounts was issued. The latest searches were launched on September 14 at multiple premises of the accused in Delhi, Mumbai, Ghaziabad, Lucknow and Gaya in a money laundering case being probed against an app-based token called HPZ and related entities. Sixteen premises of banks and payment gateways in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and .

Delhi liquor policy case: ED conducts fresh raids at 40 locations

The ED on Friday launched fresh raids at about 40 locations across the country as part of a money laundering investigation into alleged irregularities in the now scrapped Delhi Excise Policy, official sources said. The searches are being conducted at premises linked to liquor businessmen, distributors and supply chain networks in Nellore and some other cities in Andhra Pradesh, Telangana, Karnataka, Tamil Nadu, and Delhi-NCR, they said. The action started early morning with agency teams being escorted by police and paramilitary personnel at the locations being searched by them. This is the second round of raids by the federal agency in this case after it first conducted searches on September 6 at about 40 locations across the country including that of some Punjab government excise department officers. The policy implemented from November 17, 2021 was scrapped by Chief Minister Arvind Kejriwal government in July this year following a CBI probe recommended by Delhi LG V K Saxena into