ENFORCEMENT & INVESTIGATION


Moneylife Digital Team 16 May 2025
Fugitive diamond merchant Nirav Modi's troubles have deepened once again, as a UK court on Thursday rejected his fresh bail petition. Mr Modi has been in a London prison for nearly six years after losing his extradition battle to face fraud and money laundering charges in India.    The bail...

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Moneylife Digital Team 15 May 2025
The Mumbai zonal office (II) of the directorate of enforcement (ED) has seized over Rs32 crore in unaccounted assets, including Rs9.04 crore cash and Rs23.25 crore in diamond-studded jewellery and bullion, following raids at 13 locations across Mumbai and Hyderabad. The action is part of a...

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Moneylife Digital Team 12 May 2025
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable and movable assets worth about Rs88.41 crore in connection with its investigation into the Dnyanradha Multistate Co-operative Credit Society Ltd (DMCSL) scam involving Suresh Kute and others. The...

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Moneylife Digital Team 06 May 2025
The Gurugram zonal office of the directorate of enforcement (ED) has provisionally attached immovable properties worth Rs2,348 crore in connection with a large-scale real estate fraud involving WTC Faridabad Infrastructure Pvt Ltd and associated entities of the WTC group, headed by Ashish...

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Moneylife Digital Team 30 April 2025
In a major crackdown under the Prevention of Money Laundering Act (PMLA), 2002, the Bhubaneswar zonal office of the directorate of enforcement (ED) has provisionally attached assets worth Rs1,428 crore belonging to the Goldenland group of companies.    The attached assets include Rs15.06...

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Moneylife Digital Team 29 April 2025
Bringing down the curtain on a 13-year-old case, a Delhi court accepted a closure report submitted by directorate of enforcement (ED) in a money laundering case against Suresh Kalmadi, the former head of the organising committee of 2010 Commonwealth Games (CWG) and then secretary general Lalit...

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Moneylife Digital Team 28 April 2025
The Delhi zonal office of the directorate of enforcement (ED) has conducted a major search operation at Jaipur in Rajasthan, targeting properties linked to the PACL investment fraud case. The action, carried out on 26 April 2025, falls under the Prevention of Money Laundering Act (PMLA),...

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Moneylife Digital Team 25 April 2025
The Kolkata zonal office of the directorate of enforcement (ED) has provisionally attached 1,023 acres of land worth about Rs1,538 crore from across 16 cities in a sweeping move against the Sahara group, marking a significant escalation in the probe into alleged financial fraud and money...

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Moneylife Digital Team 25 April 2025
The Delhi zonal office of the Directorate of Enforcement (ED) has provisionally attached 20 residential flats in the national capital valued at Rs24.24 crore under the Prevention of Money Laundering Act (PMLA), 2002. The action is part of an ongoing investigation into financial irregularities...

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Bar  and   Bench 23 April 2025
The Delhi High Court on Tuesday ordered the Enforcement Directorate (ED) not to arrest Barinder Kaur in the money laundering case related to the alleged Rs48,000 crore PACL Scam.   Justice Girish Kathpalia said no coercive steps should be taken against Kaur till the Court hears the matter on...

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Moneylife Digital Team 21 April 2025
In a significant step towards delivering justice to victims of financial fraud, the Delhi zonal office of the directorate of enforcement (ED) has successfully restituted assets worth Rs1,200 crore (at current market rates) in the REI Agro Ltd fraud case. The restitution follows an order on 16...

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Moneylife Digital Team 17 April 2025
In a major development in the ongoing investigation against the Sahara group, the Kolkata office of the directorate of enforcement (ED) has provisionally attached over 707 acres of land in and around Aamby Valley City near Lonavala in Maharashtra. The land, with an estimated market value of...

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Moneylife Digital Team 14 April 2025
Fugitive diamantaire Mehul Choksi has been arrested in Belgium in Rs13,500 crore Punjab National Bank (PNB) fraud case.    This development that comes weeks after media reports confirmed that the businessman is living in Belgium's Antwerp with his wife after obtaining a 'residency card'...

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Moneylife Digital Team 14 April 2025
The central bureau of investigation (CBI) has arrested two individuals, Pushpajit Purkayastha, a former branch manager of Axis Bank, and Sandeep Gupta, in connection with the Rs400-crore DB Stock Consultancy investment scam. The arrests were made in Guwahati following revelations of their...

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SN Thyagarajan (Bar  and   Bench) 10 April 2025
The Supreme Court recently reiterated that since economic offences are a ‘class apart’, they must be viewed seriously and anticipatory bail should be granted sparingly in such cases.   A Bench of Justices Bela Trivedi and Prasanna B Varale made the observation while setting aside anticipatory...

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Moneylife Digital Team 07 April 2025
In a significant development aimed at returning ill-gotten gains to their rightful owners, the Shimla office of the directorate of enforcement (ED) has restituted properties worth approximately Rs289 crore to a consortium of banks led by Bank of India in connection with the high-profile Indian...

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Moneylife Digital Team 03 April 2025
The Gurugram zonal office of the enforcement directorate (ED) has provisionally attached assets worth Rs505.03 crore in two major financial fraud cases involving Three C Shelters Pvt Ltd and companies from the Lakhani group, including Lakhani India Ltd. The action, taken under the Prevention of...

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Moneylife Digital Team 02 April 2025
The Mumbai zonal office of the directorate of enforcement (ED) has provisionally attached immovable assets worth Rs115.86 crore in connection with the Rs5,600 crore National Spot Exchange Ltd (NSEL) fraud case.    The attachment, carried out on 31 March 2025, includes 15 immovable properties...

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Moneylife Digital Team 02 April 2025
The Gurugram zonal office of the directorate of enforcement (ED) has provisionally attached immovable assets worth Rs94.82 crore belonging to Sidharth Chauhan, promoter of Sidhartha Buildhome Pvt Ltd (SBPL), along with his companies and associates. The action was taken under the provisions of...

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Moneylife Digital Team 31 March 2025
The Patna zonal office of the directorate of enforcement (ED) conducted search operations at seven locations across Patna on 27 March 2025 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. During the search operations, cash amounting to around Rs11.64 crore was seized...

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