"prevention-of-money-laundering-act"

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 ED initiated investigation on the basis of several FIRs registered by Hyderabad Cricket Association against its office bearers for misappropriation of funds

The probe has revealed that Ranya Rao was smuggling gold at the behest of kingpins, and the international gang's nexus ran deep

About seven-eight premises in Bengaluru and Mysuru are being covered, according to sources

Party leader Manish Sisodia says raids against Sanjeev Arora, who is also a businessman, is an attempt to break AAP

Legal news firm Live Law reports that the Court has ruled that a statement made by an accused in custody cannot be considered admissible under Section 50 of the Prevention of Money Laundering Act. Justices BR Gavai and KV Viswanathan made this important ruling while granting bail to an accused in a money laundering case.

Targeting speech through new laws and dragging dissenting voices to court have created a suffocative environment

The funds were raised in the name of providing free education and meals to Dalit and downtrodden children, studying in more than 100 Good Shepherd Schools run by them. The funds, according to the ED, were diverted for asset creation & other unauthorised purposes.

Since the Telangana State Sheep and Goat development Cooperative Federation was the implementing agency of the scheme at the State level, it was requested to furnish details and documents in respect of implementation of the scheme since its inception.

The coercive system under PMLA has transformed the legal process into a form of punishment, rendering pre-trial detention entirely punitive

As per ED, the attached properties are in the form of 26 residential flats and shops in the name of various companies and persons viz. M/s Savi Commodity and Capital Services Pvt Ltd, M/s J & J Network Consultancy (P) Limited, Dinesh Jajodia and others situated in the states of Maharashtra and West Bengal.

The ED said it has freezed Rs 5.87 crore in the form of balances available in the bank accounts of various individuals and entities in a case related to illegal online betting.

Hyderabad: The Enforcement Directorate (ED) has frozen movable assets of crypto-currency exchange company WazirX to the extent of Rs. 64.67 crore under Prevention of Money Laundering Act (PMLA)-2002. It conducted searches on one of the directors of Zanmai Lab Private Limited (ZLPL), which owns WazirX, and has issued an order to freeze their bank balances […]

New Delhi: The Enforcement Directorate (ED) over the last eight years has carried out 3,010 raids and attached proceeds of crime worth Rs 99,356 crore under the Prevention of Money Laundering Act (PMLA). Union Minister of State for Finance Pankaj Chaudhary, during the ongoing Monsoon Session, informed the Rajya Sabha that since the National Democratic […]

Hyderabad: The Enforcement Directorate (ED) has provisionally attached immovable and movable properties in the form of lands, buildings and share holdings worth Rs.1,984 crore under Prevention of Money Laundering Act (PMLA)-2002 in the money laundering investigation against Karvy Stock Broking Limited (KSBL) and its Chairman C Parathasarathy and others. It initiated money laundering investigation on […]

Hyderabad: The Enforcement Directorate (ED) has filed a supplementary prosecution complaint against Sanjay Agarwal and three others in a case of smuggling of gold to the tune of 2,717 kgs valued at more than Rs 650 crore for the offence committed under Prevention of Money Laundering Act (PMLA)-2002. The court took cognizance of the case. […]

Hyderabad: The Enforcement Directorate (ED) has arrested Balvinder Singh the Promoter – Director of the PCH Corporation Ltd and other PCH group companies under the Prevention of Money Laundering Act (PMLA) in a case relating to defrauding banks to the tune of Rs 370 crore. Balvinder Singh was arrested on Tuesday. He was produced before […]

ED attaches properties of its MD Pawan Malhan and his son in MLM fraud case under PMLA  

ED officials collected details pertaining to the company’s role in the tender process from the industrialist

The ED summoned Varsha Raut for questioning in the PMC Bank money laundering case on December 29, officials had said on Sunday