All posts tagged: money laundering

‘Time to move on’: Bombay high court seeks ED view on Vijay Mallya’s 2020 plea

‘Time to move on’: Bombay high court seeks ED view on Vijay Mallya’s 2020 plea

Published by Parlour News

The Bombay high court on Wednesday observed that a long-running dispute over the recovery of dues from Vijay Mallya needed to “be brought to an end” after being told by Mallya’s lawyer that his 2020 petition against asset seizures was now redundant due to developments over the last six years. Vijay Mallya left India in March 2016 amid mounting legal pressure and has remained in the United Kingdom since then (AP) Mallya’s original 2020 petition challenged an order passed by a special Prevention of Money Laundering Act (PMLA) court, which had allowed a consortium of lender banks led by the State Bank of India (SBI) to utilise assets confiscated by the Enforcement Directorate (ED) to recover his unpaid dues. ALSO READ | Can’t say when I will return to India, Vijay Mallya tells HC On Wednesday, senior advocate Amit Desai, appearing for Mallya, told the court that the 2020 petition was filed when settlement talks were ongoing and sought protection for specific assets. However, Desai argued that the application no longer survives as most of …

ED arrests businessman Vikas Garg in Mahadev, Skyexchange probe

ED arrests businessman Vikas Garg in Mahadev, Skyexchange probe

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The Enforcement Directorate (ED) on Tuesday arrested businessman Vikas Garg as part of its money laundering investigation into the alleged online illegal betting activities of the Mahadev Online Book (MOB) platform. The ED had recently attached assets worth around ₹940.77 crore linked to Vikas Garg. (X/dir_ed) The ED had recently attached assets worth around ₹940.77 crore linked to Garg, alleging that the properties were purchased using money laundered through illegal betting operations of MOB and Skyexchange platforms. Garg will be produced in court for remand, ED officials said, confirming the arrest. ED officials said that the attached assets belonged to Garg, his family members and entities owned or controlled by him. The properties include residential units, land parcels, equity shares and other securities. According to the agency, proceeds of crime from the alleged betting syndicates were laundered through a multi-layered network of shell entities, accommodation entries and layered financial transactions to disguise the funds as legitimate. Investigators alleged that ₹940.77 crore was routed through entities linked to Garg before being used to acquire shares, securities …

ED attaches Rs 1,021 crore assets in Reliance Anil Ambani Group case

ED attaches Rs 1,021 crore assets in Reliance Anil Ambani Group case

Published by Webster

The Enforcement Directorate (ED) on Saturday said it has attached fresh properties worth Rs 1,021 crore in connection with its investigation into Reliance Home Finance Limited (RHFL) and Reliance Commercial Finance Limited (RCFL). With the latest action, the total value of assets attached in cases related to the Reliance Anil Ambani Group has reached Rs 20,367 crore under the provisions of the Prevention of Money Laundering Act (PMLA), according to the agency. The investigation was initiated on the basis of multiple FIRs registered by the Central Bureau of Investigation (CBI) following complaints lodged by several public and private sector banks. ED alleges diversion of over Rs 15,500 crore According to the ED, its investigation has so far found that public funds amounting to Rs 15,548 crore raised by RHFL and RCFL were allegedly diverted through a network of shell companies and group entities. The agency alleged that these entities were controlled and managed by the Reliance Anil Ambani Group. The ED said the investigation is being carried out under the provisions of both the Prevention …

ED summons Pinarayi Vijayan’s daughter again in CMRL money laundering case

ED summons Pinarayi Vijayan’s daughter again in CMRL money laundering case

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The ED has issued a fresh notice to former chief minister Pinarayi Vijayan‘s daughter Veena T, asking her to appear for questioning on June 29 in a money laundering case linked to mining company CMRL and her now-defunct IT firm, sources said on Sunday. This will be the second round of questioning of Veena T by the central agency in the case. (HT/FILE) This will be the second round of questioning of Veena by the central agency in the case. She was questioned for over nine hours at the Enforcement Directorate (ED) Kochi office on June 17 in connection with the case registered under the Prevention of Money Laundering Act (PMLA). On June 19, ED officials inspected Veena’s bank lockers in Thiruvananthapuram as part of the ongoing probe. Also Read: Ex-Kerala CM’s daughter Veena appears for questioning before ED in PMLA case According to ED sources, further questioning was deemed necessary after analysing Veena’s statement and the evidence collected during the investigation. A fresh notice was subsequently issued directing her to appear before the agency …

Ex-Kerala CM’s daughter Veena appears for questioning before ED in PMLA case

Ex-Kerala CM’s daughter Veena appears for questioning before ED in PMLA case

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Kochi, Veena T, daughter of former Kerala CM Pinarayi Vijayan, on Wednesday appeared before the ED here for questioning in connection with a money laundering case involving her now-defunct IT firm and mining company CMRL. Ex-Kerala CM’s daughter Veena appears for questioning before ED in PMLA case Veena appeared before the Enforcement Directorate close to 10.30 am following fresh summons issued to her by the agency. A heavy police presence was there outside the ED office where Veena got out of her vehicle and walked inside. The agency had earlier asked her to appear before its Kochi unit on June 12, but she had expressed her inability to do so, citing health reasons. She was asked to appear before the agency along with relevant documents related to transactions involving her now-defunct IT firm, Exalogic Solutions Private Ltd. On Tuesday, the ED had questioned the son and wife of CMRL Founder Sasidharan Kartha in connection with the case. Prior to that, on Monday, the agency had questioned Kartha’s daughter in the matter. The probe pertains to …

Ex-Kerala CM’s daughter Veena appears for questioning before ED in PMLA case

ED approaches court seeking SFIO documents in CMRL money laundering case

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Kochi, The ED, which is probing a money laundering case linked to CMRL and involving former Kerala Chief Minister Pinarayi Vijayan’s daughter Veena T, has approached a court here seeking access to documents collected by the SFIO during its investigation into the matter. ED approaches court seeking SFIO documents in CMRL money laundering case The Enforcement Directorate filed a petition before the Special Court for the Prevention of Money Laundering Act in Kochi seeking copies of documents gathered by the Serious Fraud Investigation Office , which had investigated alleged “fake” expenses admitted by Cochin Minerals and Rutile Ltd before the Income Tax Settlement Commission. ED sources said the documents sought by the agency include records related to Exalogic Solutions Private Limited, the company owned by Veena, which was engaged in IT consultancy services. The agency has requested the court to direct the SFIO to provide copies of documents collected during its investigation. The petition is likely to be considered next week. The ED probe pertains to allegations that CMRL made payments amounting to ₹2.78 crore …

ED raids 20 locations in Maharashtra and Gujarat in probe linked to extradited drug syndicate operator Salim Dola, Dawood’s aide

ED raids 20 locations in Maharashtra and Gujarat in probe linked to extradited drug syndicate operator Salim Dola, Dawood’s aide

Published by Webster

The Enforcement Directorate (ED) on Tuesday launched a large-scale search operation across Maharashtra and Gujarat as part of a money laundering investigation into a transnational narcotics trafficking network allegedly run by recently extradited Salim Ismail Dola and his associates, reported ANI. The searches are being carried out at 20 locations in Mumbai, Surat, Ankleshwar and Rajkot, under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Disclaimer: We do not own any of the content, ideas, images, or text presented here. All rights belong to their respective owners. For more information and to view the original source, please visit the following link: Source link

Delhi court orders framing of charges against Jacqueline Fernandez, Sukesh, 15 others in money laundering case

Delhi court orders framing of charges against Jacqueline Fernandez, Sukesh, 15 others in money laundering case

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Jacqueline Fernandez. File | Photo Credit: PTI A Delhi court on Saturday (May 30, 2026) ordered framing of charges against actor Jacqueline Fernandez, alleged conman Sukesh Chandrashekar and 15 others in a ₹200-crore money laundering case. Additional Sessions Judge (ASJ) Prashant Sharma said that “prima facie, there is sufficient material on record based upon which a strong suspicion is raised against all accused”. The persons “have to be charged with the offence (of money laundering) under Section 3 of the Prevention of Money Laundering Act, punishable under Section 4 of PMLA”, the ASJ said. Chandrashekhar was arrested by the Delhi Police in 2017 and by the Enforcement Directorate in 2021. According to the prosecution, Sukash Chandrashekhar was running an organised criminal network from inside jail and was impersonating senior government officials, including officers from the Prime Minister’s Office, Ministry of Home Affairs and the Ministry of Law and Justice. Besides Sukesh Chandrasekhar alias Sukash Chandrashekhar, the accused include his wife Leena Maria Paul alias Leena Paulose, Jacqueline Fernandez, Deepak Ramnani, Pradeep Ramdanee, B. Mohanraj, Arun …

ED intensifies probe into CLU fraud, summons GMADA chief

ED intensifies probe into CLU fraud, summons GMADA chief

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Chandigarh/Jalandhar : The Enforcement Directorate (ED) has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) in connection with its ongoing money laundering investigation into the alleged fraudulent change of land use (CLU) fraud involving major real estate projects in Punjab. The Enforcement Directorate (ED) has summoned the chief administrator of the Greater Mohali Area Development Authority (GMADA) in connection with its ongoing money laundering investigation into the alleged fraudulent change of land use (CLU) fraud involving major real estate projects in Punjab. The summons to 2015-batch IAS officer Sandeep Kumar were issued 10 days after the ED conducted raids at 12 locations across Chandigarh and Mohali under the Prevention of Money Laundering Act (PMLA). The agency is probing alleged irregularities in CLU licences granted to projects linked with Suntec City and Altus Space Builders Private Limited. Kumar is the second IAS officer to be summoned by the probe agency in a span of two days. On Saturday, the ED issued a notice to Basant Garg, the chairman-cum-managing director (CMD) of Punjab …

ED opposes Jacqueline Fernandez’s plea to turn approver in money laundering case

ED opposes Jacqueline Fernandez’s plea to turn approver in money laundering case

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The Enforcement Directorate on Monday opposed Bollywood actor Jacqueline Fernandez’s plea seeking to be an approver in the money laundering case against Sukesh Chandrasekhar, stating that the actress had actively benefited from the proceeds of crime and was now attempting to escape prosecution. The federal agency told special judge that Fernandez was not an “unwitting victim” as she claimed in her plea. (Jacqueline Fernandez Facebook page) The federal agency told special judge Prashant Sharma of Patiala House courts that Fernandez was not an “unwitting victim” as she claimed in her plea, and remained in constant touch with Chandrasekhar despite being aware of his criminal antecedents. They added that Fernandez was an active recipient of all the gifts arranged by Chandrasekar for her out of the proceeds of crime. The response stated, “This consistent interaction through numerous ways of communication and receipt of benefits negates any claim of an unwitting victim and instead highlights her conscious association with the main perpetrator and with the illicit gains”. The agency said that Fernandez’s conduct during the investigation had …