All posts tagged: asset seizure

ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case

ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case

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Last Updated:April 18, 2025, 13:06 IST The ED attached shares worth Rs 27.5 crore belonging to Reddy, along with land worth Rs 377 crore belonging to Dalmia Cements in connection with a money laundering probe. The move comes amid a money laundering probe, where DCBL made an investment in one of Reddy’s companies. (PTI) More than a decade after the initial case was registered, the Enforcement Directorate (ED) has taken significant action in its money laundering investigation against former Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and Dalmia Cements (Bharat) Limited (DCBL) by provisionally seizing assets valued at over Rs 800 crore. The probe agency attached shares worth Rs 27.5 crore belonging to Reddy, along with land worth Rs 377 crore belonging to Dalmia Cements. However, DCBL said in an exchange filing that the current value of the property stands at Rs 793.3 crore. This copy is being updated. Location : Visakhapatnam, India, India News india ED Attaches Jagan Mohan Reddy’s Assets In 14-Year-Old Money Laundering Case Disclaimer: We do not own any of …

PNB Case Probe: How Indian Agencies Put Diamantaire Mehul Choksi In The Rough | Exclusive

PNB Case Probe: How Indian Agencies Put Diamantaire Mehul Choksi In The Rough | Exclusive

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Last Updated:April 15, 2025, 12:49 IST The PMLA probe into the PNB scam was initiated on the basis of an FIR registered by the CBI in 2018 against Mehul Choksi and others for offences of criminal conspiracy, cheating and corruption Fugitive Indian businessman Mehul Choksi. (File photo/AFP) From the first information report in 2018 to the extradition request in 2024, Indian agencies carried out an extensive probe into the Rs 13,000-crore PNB scam involving absconding diamantaire Mehul Choksi , according to the Enforcement Directorate’s (ED) status report exclusively accessed by CNN-News18. Choksi was arrested in Belgium on April 12. The Belgian Police took his custody in Antwerp based on an extradition request moved by the Central Bureau of Investigation (CBI) and the ED, official sources said on Monday. Choksi, 65, was located in Belgium last year after he reached there to get medical treatment. He had been staying in Antigua after leaving India in 2018 and had taken citizenship of the Caribbean country even as his Indian citizenship is stated to be valid. FIRST FIR …