Hyderabad’s Enforcement Directorate secured a five-year conviction under the PMLA against L. Srinivas Goud for obtaining a fraudulent loan from Federal Bank using forged documents and impersonation. He was fined Rs 25,000, and the bank suffered a loss of Rs 44.8 lakh
The Enforcement Directorate has arrested Ashok Pal, CFO of Reliance Power, part of Anil Ambani’s Reliance Group, under the PMLA in a money laundering case linked to alleged multi-crore bank frauds. The ED continues its probe into the group companies.
The Enforcement Directorate has summoned former cricketer Shikhar Dhawan for questioning in a money laundering case linked to illegal betting app 1xBet. The 39-year-old, believed to have endorsed the app, will record his statement under the Prevention of Money Laundering Act.
The ED has attached assets worth Rs 18.14 crore linked to Capital Protection Force Pvt. Ltd. and its mastermind, Amardeep Kumar, in a probe into the Rs 792 crore Falcon invoice discounting scam. Further investigation continues.
The ED conducted searches at eight locations in Hyderabad on Wednesday in connection with the sheep-rearing scam. The raids target suspects linked to the 2017 subsidy scheme under the BRS government. The probe is based on ACB-filed FIRs.
In a landmark ruling, an Appellate Tribunal quashed the ED’s 2013 attachment of Pune land, protecting 126 families who unknowingly bought property linked to a money laundering case. The tribunal criticised ED's secrecy and upheld third-party buyer rights under PMLA.
Searches conducted during investigation further revealed that a large number of sites, other than 14 sites allotted to Chief Minister Siddaramaiah's wife BM Parvathi, have been illegally allotted by MUDA
Hyderabad: The Enforcement Directorate (ED) has provisionally attached movable and immovable properties worth more than Rs.7.54 crore belonging to R. Selvaraj and his family members under the Prevention of Money Laundering Act (PMLA), 2002 in red sanders smuggling case. The attached assets include eight residential plots in Aathoor and Pudhu Erumaivettipalayam, Red Hills, Tamil Nadu, […]
The ED had arrested Deepak Kochhar in September 2020 after it filed a criminal case for money laundering based on an FIR registered by the CBI against the Kochhars, Dhoot and others.
