All posts tagged: ED raids

ED shortlists 5 sellers each on Amazon, Flipkart for probe, flags unfair practices | India News

ED shortlists 5 sellers each on Amazon, Flipkart for probe, flags unfair practices | India News

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The Enforcement Directorate (ED), which searched 19 premises associated with vendors on Amazon and Flipkart, has identified a total of 10 such sellers for investigations. Sources told The Indian Express that the top five sellers on the platform of each e-commerce giant have been put under the scanner for unfair practices and alleged violation of the Foreign Exchange Management Act. Officials said ED is probing financial links between the vendors and the companies. The agency suspects this link goes beyond that of a platform and vendor. “During searches, relevant documents have been seized from the premises of the 10 sellers and are being examined. These are sellers who are suspected to have got preferential listing on the platforms. We also believe the platforms and the sellers are linked,” an official said. Agency sources said the operations of Amazon and Flipkart are suspected to be in violation of rules under which the companies brought in foreign direct investment (FDI). It is this FDI that has allowed the ecommerce giants to offer significant discounts on products, sources …

ED raids 19 premises of ‘main’ sellers using Amazon, Flipkart platforms | Latest News India

ED raids 19 premises of ‘main’ sellers using Amazon, Flipkart platforms | Latest News India

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NEW DELHI: The Enforcement Directorate (ED) on Thursday carried out searches at 19 premises linked to some “main” sellers using Amazon and Walmart-owned Flipkart platforms in connection with its probe into alleged violation of foreign investment rules, people familiar with the development said. Amazon and Flipkart and their sellers have also been accused of violating competition laws by giving preference to select sellers on their platforms. The people said the searches were conducted in Delhi, Bengaluru, Mumbai, Hyderabad and Panchkula. A senior ED official said the raids were part of the agency’s probe for violations of the provisions of the Foreign Exchange Management Act (FEMA). “ED initiated a FEMA probe based on several complaints against Amazon and Flipkart, the e-commerce entities… that they are violating FDI rules by directly or indirectly influencing the sale price of goods or services and not providing a level-playing field for all vendors,” said the senior official, who didn’t want to be named. The official underlined that the searches took place on premises linked to the “main vendors” of Flipkart …

Probe Agency Raids AAP’s Rajya Sabha MP Sanjeev Arora’s House In Punjab

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Representational Image New Delhi: The Enforcement Directorate (ED) today conducted searches at the residence of Aam Aadmi Party (AAP) MP Sanjeev Arora in Punjab’s Ludhiana. Officials said the raids were held in a money laundering probe case. According to sources, Mr Arora, AAP’s Rajya Sabha MP, is accused of fraudulently acquiring land worth crores in the name of his company. Reacting to the ED action, Mr Arora said he was “not sure” about the reason for the search operations. “I am a law-abiding citizen, am not sure about the reason for the search operation, will cooperate fully with agencies and make sure all their queries are answered,” he wrote on X. I am a law abiding citizen, am not sure about the reason for search operation, will cooperate fully with agencies and make sure all their queries are answered. — Sanjeev Arora (@MP_SanjeevArora) October 7, 2024 The probe agency conducted raids at 17 locations across Ludhiana, Jalandhar and Delhi, including at the residence of realtor Hemant Sood. Senior AAP leader Manish Sisodia attacked the ED, saying …

Probe Agency Raids Ex RG Kar Principal’s Residence In Corruption Case

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The Enforcement Directorate on Friday conducted raids at the residence of Sandip Ghosh, the former principal of RG Kar Medical College and Hospital in Kolkata. A 31-year-old trainee doctor was found brutally raped and murdered at the Kolkata college last month, sparking nationwide outrage over the safety of doctors and women in the country. The probe agency has conducted raids at 5-6 locations connected to Ghosh and his associates. The house of Prasun Chatterjee, the hospital’s data entry operator, was also searched by the ED.  Ghosh was arrested by the Central Bureau of Investigation (CBI) on Tuesday in connection with alleged irregularities at the hospital during his tenure. The West Bengal government suspended him as he was placed in police custody for eight days. The former Principal has undergone two rounds of polygraph tests in connection with the rape-murder case after he was accused of negligence in the matter, including failing to file a police complaint when the woman’s body was found. While he does not face charges in connection with the killing of the …

Morning briefing: Ajit Pawar mocks nephew Rohit Pawar; Uttarakhand ups vigil on forest fires, all latest news | Latest News India

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In Maharashtra’s Baramati constituency, a high-stakes battle unfolds as Deputy Chief Minister Ajit Pawar’s wife, Sunetra Pawar, challenges sitting MP Supriya Sule, daughter of Sharad Pawar, in the Lok Sabha election. Ajit Pawar, in his final campaign rally, mocked NCP’s Rohit Pawar for emotional remarks supporting Sule. Despite criticism, Ajit Pawar prioritizes development and boasts of strong support. Baramati’s election is closely watched, symbolizing the power struggle within NCP. Ajit Pawar even praises PM Modi as a “vikas purush.” Meanwhile, Rohit Pawar’s emotional speech draws attention, defending Sharad Pawar against party criticisms. Dig deeper Pune: Ajit Pawar rally at Baramati -HT photo Uttarakhand chief minister Pushkar Singh Dhami took decisive action in response to the escalating forest fires, issuing a week-long ban on stubble burning and directing officials to prevent waste burning near forests. Dhami instructed district magistrates to monitor forest fires daily and urged them to ban stubble burning immediately. Following a video-conferenced meeting, Dhami emphasized holding officials accountable for fire prevention efforts. Over 900 incidents in six months have ravaged 1,100 hectares of …

After Arvind Kejriwal’s arrest, ED trains its guns on Punjab, raids excise commissioner | Chandigarh News

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Days after Arvind Kejriwal’s arrest in the Delhi excise policy case, Enforcement Directorate (ED) on Wednesday began a raid at the house of Punjab Excise and Taxation Commissioner Varun Roojam in Sector 20 in Chandigarh. Roojam was questioned and raided by ED previously also. The latest action followed BJP state chief Sunil Kumar Jakhar’s complaint to Election Commission of India (ECI), seeking a probe into Punjab’s excise policy as well. Sources said ED was in the process of summoning excise department functionaries in Delhi for questioning. The ED raid has put the Punjab Aam Aadmi Party (AAP) government under pressure as its excise policy has been under the ED’s scanner for some time now. The raid happened at a time when the AAP was preparing for a grand rally in Delhi on Sunday. Source link

West Bengal teacher recruitment scam | ED raids multiple locations in Kolkata

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Upper primary qualified job seekers along with a teacher dressed like West Bengal Chief Minister Mamata Banerjee stage a protest against teacher recruitment scam and demanding jobs, in Kolkata | Photo Credit: ANI The Enforcement Directorate (ED) on March 8 started conducting searches at multiple locations in Kolkata and its neighbouring areas in connection with its probe into the teacher recruitment scam in West Bengal, officials said. A five-member ED team was conducting searches at the residence of a former para-teacher, alleged to be a close associate of arrested former state education minister Partha Chatterjee, at Patharghata Mazar Sharif area in New Town adjoining Kolkata, they said. Also Read | West Bengal school recruitment scam: a massive fraud or a case of little ‘extra salt’? Searches were also underway at the house of an accountant in Nagerbazar area in the northern part of the city, the officials said. ED searches were conducted in Rajarhat area at the residences of some businessmen, teachers, and intermediaries allegedly involved in the scam. The ongoing raids are part of …

ED raids premises of TMC leaders including West Bengal minister Tapas Roy | Kolkata

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The Enforcement Directorate (ED) on Friday began raids at the houses of West Bengal minister Tapas Roy and at least two other ruling Trinamool Congress (TMC) leaders in connection with an alleged recruitment scam in civic bodies. The searches in Kolkata and North 24 Parganas started simultaneously. (HT PHOTO) The searches in Kolkata and North 24 Parganas started simultaneously around 6:30am a week after two teams of the federal agency were attacked when they tried to search the houses of two block-level TMC functionaries. Wrap up the year gone by & gear up for 2024 with HT! Click here The fresh raids pertain to the case Central Bureau of Investigation (CBI) filed in April 2023 on a Calcutta high court order. The ED has cited a preliminary investigation and said it suggests the alleged recruitment scam in civic bodies may be to the tune of ₹200 crore. It was probing a money laundering trail in a school recruitment case when it stumbled upon alleged irregularities in municipalities. Source link

Probe Agency Raids Company Owned By Sharad Pawar’s Grand-Nephew

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Sharad Pawar and Ajit Pawar had also been named in the cooperative bank scam earlier. New Delhi: The Enforcement Directorate on Friday raided the premises of a firm owned by Sharad Pawar’s grand-nephew and MLA Rohit Pawar as part of its investigation into the alleged Rs 25,000-crore Maharashtra State Cooperative Bank scam. Nationalist Congress Party chief Sharad Pawar and his nephew, Ajit Pawar, who is now part of the ruling coalition in the state, had also been named in the scam earlier.  The raids – which are part of the agency’s money-laundering investigation – were conducted on at least six premises of Baramati Agro and linked entities in Baramati, Pune, Pimpri and Aurangabad. Baramati Agro is owned by Rohit Pawar, who is also the CEO of the firm. Sources said the Enforcement Directorate’s allegation is that Baramati Agro had taken high-value loans from the Maharashtra State Cooperative Bank Scam, which either remained unpaid or the funds were diverted. The agency has also claimed that people close to Sharad Pawar were on the bank’s board of …

ED conducts searches in micro-loan fraud case

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The ED recently conducted searches at 19 locations in micro-loan fraud cases | Photo Credit: – The ED recently conducted searches at 19 locations in micro-loan fraud cases. The searches were carried out in Delhi, Chandigarh, Haryana, Punjab, and Gujarat, as part of the probe against Shinebay Technology India Private Limited, Mpurse Services Private Limited and others, which are owned and controlled by Chinese, the ED said on Tuesday. During the operations ₹1.30 crore in cash was seized. The probe is on the FIRs registered against companies and persons in Bengaluru, Kazipet, and Jangaon. The accused harassed the customers through threats and abuses over phone, unauthorised access to their personal information or data, and circulation of morphed photographs of the borrowers as well as their family members to their contacts. According to the ED, the suspect fintech companies and non-banking financial companies (NBFCs), in collaboration with payment aggregators/gateways, were providing online short-term instant loans through mobile apps and they were charging exorbitant rates of interest on loans “Such companies have employed dummy directors/subscribers in India …