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Latest Articles in enforcement directorate

IREO Group Chairman Lalit Goyal Arrested In Money Laundering Probe

The businessman has been taken into custody under the provisions of the Prevention of Money Laundering Act (PMLA) by the federal probe agency in Chandigarh and will be produced before a local court for seeking his remand

Unitech Founder Ramesh Chandra, Daughter-In-Law Held By ED In Money-Laundering Case

BW Online Bureau

Companies & Markets

The ED's money laundering case is based on a number of Delhi Police Economic Offences Wing and CBI FIRs filed by homebuyers against the Unitech Group and its promoters.

ED Seizes Rs 131-Cr Funds Of Chinese-Controlled NBFC For Foreign Exchange Law Violation

BW Online Bureau

Banking & Finance

This case came under the ED radar during a separate money laundering probe against a number of NBFCs and FinTech companies which are linked to instant personal loans providing mobile apps.

ED Issues Lookout Notice Against Former Maharashtra Home Minister Anil Deshmukh In Money Laundering Case

BW Online Bureau

Economy India

Last month, the Supreme Court had declined to grant interim protection against arrest by the ED and asked Deshmukh to move an appropriate court.

ED Reveals In SC Secret Underground Office Of Unitech Founders, Says Chandra's Operating From Jail

BW Online Bureau

Economy

A bench of Justice D Y Chandrachud and M R Shah was told by Additional Solicitor General Madhavi Divan, appearing for the ED, that Chandras' have deputed their officials outside the jail to communicate their instructions to the outside world.

ED Arrests Prithvi Information Solutions MD For Rs 3,316 Cr Bank Fraud

BW Online Bureau

Banking & Finance Banking

ED started the money laundering probe on the basis of an First Information Report (FIR) filed by Central Bureau of Investigation (CBI) against VMC Systems Limited (VMCSL). As per the Central Agency, "VMCSL had taken loans from a consortium of Banks and the present dues outstanding to all the Banks is worth Rs. 3,316 Crore."

Bank Loan Fraud: ED Arrests MD Of Company In Hyderabad

BW Online Bureau

Economy India

Vuppalapati Satish Kumar, the managing director of Prithvi Information Solutions Limited (PISL), was arrested on August 12 and a special Prevention of Money Laundering Act (PMLA) Court later sent him to ten days custody of the agency.

Sachin Bansal’s Banking Dreams Can Be Shattered; Courtesy ED Notice

BW Online Bureau

Banking & Finance

The Financial Investigation Unit of the Centre Government asked Sachin Bansal, and Binny Bansal (Flipkart co-founders), its early investors to provide an explanation why they should not get a penalty of Rs.10,600 crore for alleged violations of many rules of the Foreign Exchange Management Act.

ED Arrests Ambience Mall's Raj Singh Gehlot In Bank Loan Fraud Worth Rs 200 Cr

BW Online Bureau

Economy India

Gehlot has been arrested from Haryana’s Gurugram and will be produced before a court in Delhi later in the day.

ED Arrests Eknath Khadse's Son-In-Law In Money Laundering Case

BW Online Bureau

Economy India

Khadse was questioned in the case by the Enforcement Directorate (ED) early this year and his statement recorded.

Nirav Modi's Sister Sends Rs 17.25 Crore From UK Account To Indian Govt: ED

BW Online Bureau

Economy India

Nirav Modi is presently lodged in a UK jail and has lost his extradition plea to India in connection with the alleged USD 2 billion loan fraud at the Brady House branch of Punjab National Bank (PNB) in Mumbai.