ED attaches Rs 2.19 cr of Chandigarh businessman in PMLA case
Initially, a case against Mahajan and others was lodged by the Chandigarh Police under Sections 120-B and 420 of the Indian Penal Code (IPC) for alleged illegal exchange of demonetised Indian currency to newly introduced currency during the period of demonetisation. The ED initiated a money laundering investigation against Mahajan and others on the basis of the FIR registered by the Chandigarh police.
ED arrests Karvy Group's CFO, will confront him with MD Prathasarathy
Parthasarathy and G. Hari have been remanded to four days ED Custody by the concerned court. The agency had earlier got a five day custody of Prathasarathy. He was at that time lodged at Bengaluru jail and was shifted to Chandhalguda jail on a prisoner transit warrant.
Ventura case: ED attaches assets of over Rs 2 cr under PMLA
It further said that ED initiated money laundering investigation on the basis of FIRs registered by Goa Police in August and December 2019, under various sections of IPC & Goa Protection of Interest of Depositors (In Financial Establishments) Act, 1999 against Ameet Savant, Jeevendra Poddar, Shipra Singh, and others for duping of investors to the tune of approximately Rs 21.38 crore by promising fixed returns of 2 to 5 per cent per month.
ED arrests Unitech founder Ramesh Chandra, daughter-in-law for financial frauds
Lookout circular was issued against her Preeti Chandra, the wife of Sanjay Chandra, Unitech promoter and son of Ramesh Chandra. Sanjay Chandra himself is behind bars on charges of money laundering. Preeti Chandra has got the citizenship of Dominica and it is alleged that she was stashing money outside India.
ED files final charge sheet against Musaddilal Group in demo deposit case
An ED official said that the financial probe agency filed the charge sheet on Monday after extensive investigation, against the main accused Kailash Gupta, Nitin Gupta, and Nikhil Gupta and their firms Musaddilal Gems and Jewellery, Musaddilal Jewellers Pvt Ltd and Vaishnavi Bullion Ltd, their chartered accountants, gold bullion dealers, and also the major contributors of the black money, who were involved in this fraud.
ED attaches properties worth Rs 166 cr in bank fraud case
An ED official said that the financial probe agency had registered a case of money laundering on the basis of an FIR registered by the CBI against (late) Shrikant Pandurang Sawaikar, Director of Varron Industries and unknown officials of Bank of India and Canara Bank. He said that the ED probe revealed that a criminal conspiracy hatched by Sawaikar
ED probes Franklin Templeton, its officials for money laundering
We have registered a case of money laundering against Franklin Templeton and its senior officials, a senior ED official said. He added that the agency registered the case on the basis of an FIR lodged by the Economic Offences Wing (EOW) of the Chennai Police.
Enforcement Directorate attaches assets of Ajmera Group in money laundering probe
The assets, attached under the Prevention of Money Laundering Act (PMLA), are in the form of two immovable properties -- an agricultural land and a residential plot and 14 movable properties -- 13 bank accounts and one demat account held in the name of Ajmera Group, its partners and others.