prevention of money laundering act news

Published on May 04, 2025 04:05 PM IST

PTI |

ED to initiate action against fugitive ex-MLC Haji Iqbal under FEO Act

After Rashid Naseem, the main promoter of Shine City Group, Iqbal is likely to be declared the second fugitive economic offender from Uttar Pradesh

A senior ED official said the ED Lucknow unit is currently investigating a PMLA case lodged against the former MLC. (For Representation)

Published on May 04, 2025 05:02 AM IST

ByHT Correspondent, Lucknow

ED seizes bank account details of 174 subsidiaries, group companies of Ansal API

The searches were conducted on Wednesday (April 30) on five premises, including residences of Pranav Ansal (promoter- director), Deepak Movar (director) and other senior employees and at corporate offices of Ansal API across Lucknow, Ghaziabad, and New Delhi, the ED officials said.

The searches were conducted on Wednesday (April 30) on five premises. (Sourced)

Published on May 04, 2025 05:00 AM IST

ByHT Correspondent, Lucknow

Shine City Group promoter U.P’s first to be declared ‘fugitive economic offender’ in ₹1,000 crore scam

“Rashid Naseem has intentionally avoided investigation and remains abroad despite all legal efforts for his return,” a senior ED official said.

The court’s decision now empowers the ED to initiate the confiscation of Naseem’s assets under the provisions of the FEO Act. (Sourced)

Published on May 01, 2025 08:53 PM IST

ByHT Correspondent, Lucknow

Do not make hasty arrests; make hawala operators reporting entity under PMLA: ASG Raju to ED

Updated on May 01, 2025 07:51 PM IST

PTI |

ED attaches 24 more properties worth ₹193.5 crore in Goa land grab case

The 24 attached properties include premises sold to third parties, properties transferred to associates via sham deeds and other properties identified subsequently

With this attachment, the total value of attached properties in the Goa land grab case stands at <span class='webrupee'>₹</span>232.73 crore till date (FILE PHOTO)

Published on Apr 29, 2025 08:56 PM IST

ByGerard de Souza

Odisha: ED attaches assets worth ₹1528 crore of Delhi-based chit fund company

The company allegedly illegally and fraudulently raised huge amounts of money from people of Odisha and Andhra Pradesh in the garb of real estate development

ED initiated the investigation on the basis of an FIR registered by the CBI. (Representational image)

Published on Apr 29, 2025 08:11 PM IST

ByDebabrata Mohanty

K’taka HC temporarily stays ED proceedings against Amnesty

Amnesty International India was forced to shut down its operations in 2020 after its bank accounts were frozen by Indian authorities

The case stems from a prosecution complaint, a document similar to a charge sheet, filed by ED in May 2022 against AIIP. (ANI)

Published on Apr 29, 2025 07:38 AM IST

ByAyesha Arvind

Karnataka HC protects Amnesty India, Aakar Patel from ED action in 2022 case

The Karnataka high court granted the interim relief to Amnesty India and Aakar Patel, directing ED not to take any further steps against them until further orders

Published on Apr 28, 2025 07:24 PM IST

ByAyesha Arvind

Fairplay app operators laundered ₹4,000 crore abroad, reveals ED charge sheet

According to the ED’s chargesheet filed recently before a special Prevention of Money Laundering Act (PMLA) court, the masterminds — Krish Laxmichand Shah, Chirag Shah, and Chintan Shah — routed the proceeds through 400 dummy bank accounts and bogus import transactions

Fairplay app operators laundered <span class='webrupee'>₹</span>4,000 crore abroad, reveals ED charge sheet

Published on Apr 27, 2025 05:36 AM IST

ByRevu Suresh

Bengaluru woman held in fraud case, ED says 'she claimed ties with politicians'

The ED on Saturday said the woman, Aishwarya Gowda, has been arrested for allegedly cheating people by promising them high returns against gold, cash.

Aishwarya Gowda, 33, was taken into custody on April 24 and a special court set up under the Prevention of Money Laundering Act (PMLA) in Bengaluru.(Pixabay/Representative)

Published on Apr 26, 2025 06:36 PM IST

ED conducts 7 searches in city in ₹50 cr loan case against PSE officials, private firm

ED conducted searches in Mumbai and Haryana linked to BECIL's ₹50 crore loan fraud involving TGBL. Key figures arrested in the investigation.

ED conducts 7 searches in city in <span class='webrupee'>₹</span>50 cr loan case against PSE officials, private firm

Published on Apr 24, 2025 08:00 AM IST

ByAbhishek Sharan

ED attaches properties worth ₹7.33 crore of suspended ACS officer

ED attaches properties worth <span class='webrupee'>₹</span>7.33 crore of suspended ACS officer

Published on Apr 17, 2025 09:05 PM IST

PTI |

ED attaches ₹7.3 crore assets of Assam bureaucrat facing corruption charge

ED said the order to attach assets belonging to Sukanya Bora were issued under the provisions of the Prevention of Money Laundering Act

Sukanya Bora, 35, joined the Assam civil service (ACS) in 2015. (FILE)

Published on Apr 17, 2025 04:34 PM IST

ByUtpal Parashar

'No connection…': EaseMyTrip denies link to Mahadev app after ED searches

The statement came a day after the Enforcement Directorate searched the premises of EaseMyTrip co-founder, Nishant Pitti.

Nishant Pitti, co-founder and CEO, EaseMyTrip (Image courtesy: @nishantpitti/X)

Updated on Apr 22, 2025 04:02 PM IST

TASMAC HQ raided on suspicion of finding proceeds of crime: ED to HC

The DMK-led government had earlier questioned the timing of the ED raids conducted in Chennai between March 6 and 8 this year.

Published on Apr 17, 2025 07:46 AM IST

ByAyesha Aravind, Bengaluru

ED summons Robert Vadra in Shikohpur land deal probe

Vadra had been issued summons under the Prevention of Money Laundering Act and has been asked to appear before the federal agency on Tuesday.

Sonia Gandhi’s son-in-law and businessman Robert Vadra. (PTI Photo)

Updated on Apr 15, 2025 11:05 AM IST

ByNeeraj Chauhan

AAP leader claims BJP-Congress alliance in ‘open and shut’ National Herald case

AAP spokesperson Priyanka Kakkar questioned why the investigating authorities had not arrested Congress leaders in connection with the case.

The AAP leader said that senior Congress leaders were not arrested due to an alliance with rival party BJP(AP)

Published on Apr 13, 2025 04:09 PM IST

ANI |

ED arrests ex-chairman of Karnataka cooperative bank in ₹63 crore fraud case

The central agency suspects large-scale diversion and misuse of funds during R M Manjunatha Gowda’s tenure as chairman.

The arrest follows a series of raids conducted by the ED on Tuesday across locations in Bengaluru and Shivamogga districts.

Published on Apr 10, 2025 08:31 AM IST

Centre working to bring Dream11, Winzo, online gaming firms under PMLA: Report

Under PMLA, online gaming firms would be subject to stricter obligations such as know-your-customer (KYC) requirements, reporting suspicious transactions, etc.

A man plays an online game from Chinese gaming platform Tencent on a train.(AP)

Published on Apr 08, 2025 10:56 PM IST

ED raids 10 locations in Bengaluru, Shivamogga in Cooperative Bank scam probe

The federal agency launched simultaneous searches at these locations across Bengaluru and Shivamogga.

The operations are part of an ongoing investigation into an alleged scam involving the District Cooperative Bank.(HT_PRINT)

Published on Apr 08, 2025 12:43 PM IST

Can’t object to seizure on privacy grounds: ED

In its affidavit, the agency contended that these actions were lawful and necessary for evidence collection, dismissing claims that such seizures infringed upon fundamental rights

ED told Madras high court that privacy rights can’t be absolute. (HT Archive)

Published on Apr 03, 2025 08:38 AM IST

ByAyesha Arvind

ED attaches properties worth ₹115.86 cr in NSEL fraud case

The ED initiated the probe under provisions of the Prevention of Money Laundering Act (PMLA), 2002, based on an FIR registered in Mumbai

ED attaches properties worth <span class='webrupee'>₹</span>115.86 cr in NSEL fraud case

Published on Apr 03, 2025 07:48 AM IST

ByHT Correspondent

Relief for ailing accused in admissions scam

Mahadev Deshmukh was arrested in 2022 for allegedly cheating several students to the tune of ₹65.7 crore

Published on Mar 31, 2025 07:58 AM IST

ByKaruna Nidhi

PMLA case: ED attaches Meerut relator’s property

ED officials said the attached property was built using proceeds from the illegal sale of shops by Pankaj Gupta, a partner of M/s Ranjana Associates

A senior ED official said the investigation was started based on an FIR registered by Nauchandi and medical college police stations of Meerut related to fraudulent sale of shops. (For Representation)

Published on Mar 28, 2025 10:34 PM IST

ByHT Correspondent, Lucknow

₹42L assets attached in ₹8-cr post office fraud case in Jalandhar

The ED had initiated the investigation on the basis of an FIR registered by the CBI in 2018 against Sanjeev Kumar, former sub-postmaster, Dakhni Gate, Nakodar sub-office, Jalandhar, and others for allegedly misappropriating public funds through fraudulent transactions under post office saving schemes.

Published on Mar 23, 2025 08:52 AM IST

ByHT Correspondent, Jalandhar

ED files charge sheet against bizmen in ₹8.09 cr undisclosed foreign assets case

The Mumbai unit of the Enforcement Directorate (ED) has submitted its charge sheet against businessmen Sidharth Chokshi and Abhay Chokshi, who allegedly held undisclosed foreign income and assets worth ₹8.09 crore that were considered as proceeds of crime.

Published on Mar 23, 2025 07:06 AM IST

ByAbhishek Sharan

Pearls Group owner’s son-in-law Hayer held in ₹48,000 crore Ponzi scheme

Punjab Agro Company Limited (PACL), a subsidiary of the Pearls Group, and Bhangoo, had allegedly cheated 55 million investors through a network of 2.3 million agents

Pearl group investors protesting in Bathinda in 2017 (HT Photo)

Published on Mar 22, 2025 04:27 PM IST

ByHT Correspondent

ED conducts searches at 7 locations in four states linked to SDPI

Thursday’s raids come weeks after the agency arrested SDPI president Moideen Kutty K on March 3 and carried out searches at several locations on March 6

Enforcement Directorate (ED) conducted a raid at SDPI state committee office in Thiruvananthapuram on March 6. (ANI FILE)

Published on Mar 20, 2025 06:02 PM IST

ByHT Correspondent

PMLA case: Charges framed against ex-forest minister Sadhu Singh Dharamsot

The court of Ajit Atri said that “prima facie offence under Section 3, punishable under Section 4 of the Prevention of Money Laundering Act (PMLA), 2002, was made out against the accused and he is ordered to be charged for the offence”.

A special court in Mohali framed charges against Congress leader and former state forest minister Sadhu Singh Dharamsot in connection with a PMLA case on Wednesday.