Page 18 - Enforcement Directorate

ED raids Kolkata-based gaming app operator, recovers over Rs 17 cr cash

The Enforcement Directorate on Saturday seized Rs 17.32 crore in cash after it raided the promoters of a Kolkata-based mobile gaming app company as part of a money-laundering investigation, official sources said. The agency, the sources said, is looking at some "political links" of the app promoters and wants to ascertain the actual beneficiaries of this cash, even as it is investigating the possible routing of the funds spent by gullible gamers here through some "Chinese-controlled" entities. A photograph released by the federal agency showed multiple bundles of Rs 500 currency notes along with a few in the denomination of Rs 2,000, Rs 200 and Rs 100 stacked on a bed depicting the ED abbreviation. Official sources said the cash was recovered from a premise which has an address mentioned as 'F 7. N A Khan' and is located in the Garden Reach area of Kolkata. The ED was looking for the alleged prime accused in the case identified as Aamir Khan as he was not found at the premises that

Mobile gaming application case: ED raids six locations in Kolkata

ED has carried out search operations at six locations here with respect to an investigation relating to the Mobile Gaming Application

ED raids several places in Kolkata, estimated Rs 7 crore recovered

ED teams conducted raids at three separate places in Kolkata and recovered a huge amount of cash from the possession of a city-based businessman

ED seizes cash after raids on Punjab AAP MLA, others in bank fraud case

The ED on Friday said it seized Rs 32 lakh cash, some mobile phones and hard drives after it raided the premises of AAP MLA in Punjab Jaswant Singh Gajjan Majra and some others as part of a money laundering probe linked to an alleged bank loan fraud. The federal investigative agency said in a statement that the searches were carried out at the business and residential premises of "accused persons and their associates" including Tara Corporation Limited (renamed as Malaudh Agro Limited on September 24, 2018), its directors Jaswant Singh, Balwant Singh, Kulwant Singh, Tejinder Singh, their associates and other sister concerns at Ludhiana, Malerkotla, Khanna, Payal and Dhuri. Jaswant Singh Gajjan Majra is a legislator from the Amargarh assembly constituency. The Aam Aadmi Party (AAP) Punjab unit had on Thursday called the raids a "political vendetta". The ED said "incriminating pieces of evidence were seized related to "bogus firms through which turnover of Tara Corporation Limited was

Ex-NSE MD Ravi Narain sent to 2-day ED custody in money laundering case

A Delhi court on Wednesday sent former MD and CEO of National Stock Exchange Ravi Narain to two days' custodial interrogation by Enforcement Directorate in a money laundering case related to alleged illegal phone tapping and snooping on stock exchange employees. Special Judge Sunena Sharma allowed ED's plea seeking Narain's custody till September 9 after the accused was produced before him by the probe agency. ED's Special Public Prosecutor N K Matta told the court that Narain was required to be confronted with other accused persons and evidence in the matter to unearth the larger conspiracy in the matter. The ED on Tuesday arrested him in the case. Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed as the vice-chairman in a non-executive category on the company's board from April 1, 2013, to June 1, 2017. The ED had registered an Enforcement Case Information Report (ECIR) in July against former Mumbai Police commissioner Sanjay Pandey

Jailed Sena MP Raut seeks bail from special court in money laundering case

Shiv Sena Rajya Sabha MP Sanjay Raut, arrested last month in a money laundering case linked to a housing project in Mumbai, on Wednesday moved a bail application before a special court here. His bail plea is likely to come up for hearing before judge MG Deshpande, presiding over the special PMLA court, on Thursday. Raut, 60, was arrested by the Enforcement Directorate (ED) in early August under the Prevention of Money Laundering Act (PMLA) for his alleged role in financial irregularities related to the redevelopment of Patra 'Chawl' (old row tenements) in suburban Goregaon. The Shiv Sena politician is currently in jail under judicial custody. The Rajya Sabha member was found to be alleged beneficiary of more than Rs 2 crore of the proceeds of crime, the ED has claimed. Further, the central probe agency has claimed documents seized during its probe showed the purchase of properties at Alibaug, a coastal town in neighbouring Raigad district, by Raut involved substantial cash ...

Why did the Enforcement Directorate arrest former NSE chief Ravi Narain?

The case pertains to hiring private firm iSec Services to allegedly tap the phones of NSE employees

ED arrests former NSE MD and CEO Ravi Narain in money-laundering case

The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said. His role is being investigated by the federal probe agency as part of two criminal cases linked to the bourse the alleged co-location 'scam' case and the purported illegal phone tapping of employees. Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA). The ED earlier had arrested another former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna in the alleged phone tapping case while the CBI, which is parallely probing these cases, had arrested her in the co-location case. The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in the alleged illegal phone tapping case.

Delhi excise policy scam: ED conducts raids at 38 places across country

As part of its ongoing probe, the ED is conducting raids at multiple locations across the country in connection with the Delhi Excise policy scam case

ED raids 30 locations across India in Delhi excise policy scam case

As part of its ongoing probe, the Enforcement Directorate (ED) is conducting raids at multiple locations across the country in connection with the Delhi Excise policy scam case

Paytm shares drop over 6% after ED raid; Blue Jet Healthcare files for IPO

Its stock dropped to an intraday low of Rs 681.2 before closing at Rs 708.6, down 2.6 per cent over its previous day's close

Patra Chawl land scam: Sanjay Raut's judicial custody extended till Sep 19

Raut was arrested by the Enforcement Directorate (ED) on August 1 in connection with alleged financial irregularities in the redevelopment of the Patra Chawl in suburban Goregaon

Paytm says no link with Chinese loan merchants under ED scanner

Digital financial services firm One97 Communications, which operates under the Paytm brand, on Sunday denied any link with the merchants that are under the Enforcement Directorate scanner in the Chinese loan app case. Paytm said that none of the funds frozen by the Enforcement Directorate (ED) belongs to it or any of its group firms. "As a part of ongoing investigations on a specific set of merchants, the ED has sought information regarding such merchants to whom we provide payment processing solutions. We wish to clarify that these merchants are independent entities, and none of them are our group entities," Paytm said in a regulatory filing. The ED on Saturday said it has conducted raids at six premises of online payment gateways, such as Razorpay, Paytm and Cashfree in Bengaluru, over the alleged irregularities in instant app-based loans "controlled" by Chinese persons. The searches that started on Friday as part of an ongoing probe are still underway, the agency said. The fede

SC to hear pleas challenging ED chief's tenure extension on Monday

The Supreme Court is scheduled to hear on Monday as many as eight petitions, including the ones filed by politicians Randeep Singh Surjewala and Mahua Moitra, challenging the extension of tenure of the Enforcement Directorate (ED) director and the amended law allowing such extensions up to five years. According to the list of business uploaded on the apex court website, a bench headed by Chief Justice Uday Umesh Lalit will hear the petitions, based on which notices were issued to the Centre and the Central Vigilance Commission (CVC). The top court had issued notices on the PILs filed by Surjewala and Jaya Thakur, both Congress leaders, TMC MP Moitra, Saket Gokhale, Krishan Chander Singh, Vineet Narian and Manohar Lal Sharma on August 2. Earlier, senior advocate A M Singhvi, appearing for Surjewala, had referred to the apex court judgements and said the fixed tenures are the hallmark of independence and the fact that an incumbent may get an extension will demolish the independence of

Chinese loan apps case: ED raids Razorpay, Paytm, Cashfree in Bengaluru

The Enforcement Directorate Saturday said it is conducting raids at Bengaluru premises of online payment gateways like Razorpay, Paytm and Cashfree as part of an ongoing probe against "illegal" instant smartphone-based loans "controlled" by Chinese persons. The searches were launched Friday at six premises in Karnataka's capital city, it said in a statement. The search operation is in progress, the Enforcement Directorate said. The federal probe agency said it has seized Rs 17 crore worth funds kept in "merchant IDs and bank accounts of these Chinese persons-controlled entities", during the raids. The modus operandi of these entities is that they use forged documents of Indians and make them dummy directors leading to generation of "proceeds of crime", it alleged. "These entities are controlled/operated by Chinese persons," it said. "It has come to notice that the said entities were doing their suspected/illegal business through various merchant IDs/accounts held with payment ...

Top headlines: Indian economic growth by 2029, ED raids Paytm, and more

From India becoming third largest economy by 2029 to CBDT issuing refunds of over Rs 1.14 trn, here are the top headlines this evening

Coal scam: Abhishek Banerjee attacks Shah after ED grills him for 7 hours

After a seven-hour long grilling by ED officials, TMC leader Abhishek Banerjee on Friday dared Union Home Minister Amit Shah to prove charges of wrongdoing in an alleged case of coal pilferage and to put him behind bars. The Trinamool Congress MP, considered number 2 in the party, also advised Shah to teach nationalism to his son and make sure that the law and order situation improves in Delhi. "If needed, I am ready to face questioning 30 times, but will not bow my head before the BJP. I have attacked his (Amit Shah's) son over the national flag issue but that does not mean the ED and CBI can be used to threaten me, he told reporters. Video footage of BCCI secretary Jay Shah, son of the Union home minister, appearing to turn down an offer to wave the national flag after India beat Pakistan in an Asia Cup match in Dubai on August 28 has sparked a controversy. Banerjee wondered why the top BJP leader who "teaches patriotism to the entire country has failed to educate his son". The

Chhattisgarh will soon see ED, I-T raids for housing Jharkhand MLAs: Baghel

Chhattisgarh Chief Minister Bhupesh Baghel on Friday said his state is soon going to witness raids by the Enforcement Directorate (ED) and the Income Tax (I-T) department because MLAs of the ruling coalition in neighbouring Jharkhand are staying in a resort near capital Raipur. Talking to reporters at the helipad here, the Congress leader targeted the Bharatiya Janata Party (BJP), saying it does not have faith in democracy. He said MLAs of the United Progressive Alliance (UPA), which consists of the Jharkhand Mukti Morcha (JMM), the Congress and the Rashtriya Janata Dal, have been housed in a resort on the outskirts of Raipur to protect democracy. The BJP does not have faith in democracy. Jharkhand (ruling coalition) MLAs are staying in Raipur and we have welcomed them. Now, the BJP is protesting against it. My well wishers have informed me that soon the state will see raids by the ED and I-T because we have stationed Jharkhand MLAs here to protect democracy, Baghel said. The CM

Delhi HC permits Vivo's distributor to operate frozen bank account

The Court also directed that the petitioner to furnish statements of accounts of all the bank accounts forming the subject matter of the freezing order every 48 hours to the ED

Many more influential people involved in WBSSC scam: ED tells court

ED has also told the court that when its sleuths raided Partha Chatterjee's residence in July, they seized a number of incriminating documents