The Enforcement Directorate conducted searches at eight Hyderabad locations in a money-laundering probe against Jayathri Infrastructures India Pvt Ltd and MD Kakarla Srinivas. The firm allegedly duped homebuyers of Rs 60 crore. Srinivas, earlier arrested, is now absconding
The Enforcement Directorate has attached properties worth Rs 80.05 crore in Hyderabad under PMLA in a probe into illegal mining by Santhosh Sand and Granite Supply, linked to Congress MLA Gudem Mahipal Reddy’s brother. Investigation is ongoing
The ED is expected to join the investigation into iBomma kingpin Immadhi Ravi after Hyderabad Police uncovered suspicious financial activity, including Rs 3.5 crore frozen, large betting app payments, monthly crypto transfers and foreign bank transactions, indicating possible money laundering.
The Enforcement Directorate (ED) arrested Aryan Singh, COO of Capital Protection Force Pvt Ltd, in connection with a Rs 792 crore Falcon invoice discounting scam. Investigations revealed Singh colluded with mastermind Amardeep Kumar, diverted funds, and personally gained Rs 2.88 crore.
The Enforcement Directorate has filed a prosecution complaint against Saisree Engineers Pvt Ltd and its MD S Suryanarayana Raju for defrauding SBI of Rs 7.51 crore, laundering funds via layered transactions, and diverting payments from Bharat Coking Coal Ltd
The Directorate of Enforcement (ED), seized movable and immovable properties valued at Rs. 19.11 crore and with market value Rs. 71.61 crore belonging to Nerella Venkata Rama Mohan Rao and others in KCC fish tank loan fraud case.
The ED conducted an investigation into the allegations on the basis of FIR registered by CBI, EOW, Chennai against Saisree Engineers Private Limited its Promoters, Directors and others on the complaints made by the bank.
The searches confirmed the ‘bogus nature’ of Vigilance Security Services Pvt. Ltd. which was found ‘non-existent’ at its declared addresses, the ED said.
Hyderabad: The Directorate of Enforcement (ED) has provisionally attached Rs. 86.65 crore lying in various bank and payment gateway accounts pertaining to Non-Banking Financial Companies (NBFCs) – Kudos Finance and Investments Private Limited, Acemoney (India) Limited, Rhino Finance Private Limited and Pioneer Financial and Management Services Private Limited, which are multiple fintech companies, under Prevention of […]
The ED investigation revealed that the accused used demonetisation to bleach their unaccounted black money into white and also to earn windfall profit.
