ENFORCEMENT & INVESTIGATION


IANS 22 November 2023
The Adjudicating Authority of the Enforcement Directorate (ED) has issued 'show cause' notices to edtech firm Think and Learn Private Limited, and Byju Raveendran over alleged violation to the tune of Rs 9362.35 crore under the Foreign Exchange Management Act (FEMA) 1999.   The ED in...

Read More



Moneylife Digital Team 20 November 2023
The enforcement directorate (ED) has filed a prosecution complaint against Amway India Enterprise Pvt Ltd before the Metropolitan Sessions Judge cum Special Court (PMLA) at Hyderabad under the Prevention of Money Laundering Act (PMLA). Amway, however, says the complaint filed by ED is related...

Read More



IANS 16 November 2023
Recent investigations by the Delhi police's economic offences Wing (EOW) have uncovered alleged financial irregularities in BharatPe's operations.   Co-founder Ashneer Grover and his family members are allegedly involved in questionable practices, including the use of backdated...

Read More



Moneylife Digital Team 13 November 2023
The central bureau of investigation (CBI) has registered a case against IL&FS Securities Services Ltd (ISSL), the company officials and others for allegedly causing a loss of Rs330.43 crore to Central Bank of India and other banks by way of diversion of disbursed bank funds, says a...

Read More



IANS 10 November 2023
In a massive action against the Hero Moto Corp CMD and Chairman, Pawan Munjal, the Enforcement Directorate (ED) on Friday said that it has attached three immovable properties located in Delhi worth Rs 24.95 crore.   The ED said that the three properties belonging to Munjal were...

Read More



IANS 10 November 2023
With uncertainty looming over the extradition of fugitive diamantaire Nirav Modi and his brother Neeshal Modi, a special court has allowed the CBI to separate their trial from two others accused in the multi-crore rupees Punjab National Bank scam.   While Nirav is facing extradition...

Read More



IANS 06 November 2023
In a statement, the Ministry of Electronics and Information Technology (MeitY) said it had issued blocking orders against 22 illegal betting apps and websites, including Mahadev Book and Reddyannaprestopro.   It said that the action was followed by the investigations conducted by the...

Read More



IANS 01 November 2023
In a massive action, the enforcement directorate (ED) on Wednesday said that it has attached properties worth Rs538 crore of now-defunct Jet Airways founder chairman Naresh Goyal, his wife Anita Goyal, and son Nivaan Goyal situated in London, Dubai and various states of India and various...

Read More



IANS 31 October 2023
The enforcement directorate (ED) has summoned Delhi chief minister (CM) and Aam Aadmi Party (AAP) leader Arvind Kejriwal for questioning on 2nd November in alleged liquor policy scam case.   According to sources, Kejriwal has been asked to appear before the ED on 2nd...

Read More



IANS 30 October 2023
In a major development the enforcement directorate (ED) on Saturday arrested Vineet Gupta and Pranav Gupta, the promoters of Parabolic Drugs Pharma Ltd, along with a chartered accountant, sources said.   According to sources, both Pranav and Vineet have been arrested under the...

Read More



IANS 30 October 2023
Enforcement directorate (ED) sleuths probing different cases of money laundering in West Bengal, have found a common financial embezzlement pattern in both the cash-for school jobs and ration distribution cases.   The central agency sleuths have noticed that multiple shell companies...

Read More



Moneylife Digital Team 26 October 2023
The enforcement directorate (ED) has provisionally attached assets worth Rs134.02 crore from C Parthasarathy, chairman and managing director (CMD) of Karvy Stock Broking Ltd (KSBL) and assets worth Rs70.39 crore belonging to the Wadhawan brothers.   In a tweet, ED says it attached...

Read More



IANS 19 October 2023
The Delhi High Court on Thursday held that the power of the Enforcement Directorate (ED) to issue summons to a person under Section 50 of the Prevention of Money Laundering Act (PMLA) does not include the power to arrest.   Justice Anup Jairam Bhambhani made the ruling while hearing a...

Read More



IANS 18 October 2023
The enforcement directorate (ED) on Wednesday said that it carried out searches at the office premises of four companies in connection with a case of embezzlement of NHAI (national highway authority of India) funds to the tune of Rs 102.4 crore.   The financial probe agency in a...

Read More



IANS 18 October 2023
Enforcement Directorate (ED) on Wednesday said that it has arrested Rajpal Walia, director of Dehradun-based realty firm Pushpanjali Realms and lnfratech Limited in a money laundering probe linked to a case of cheating home-buyers.   The financial probe agency said that Mr Walia was...

Read More



IANS 17 October 2023
Indian-origin Nishad Singh, former director of engineering at collapsed crypto exchange FTX, on Monday said he had a lot of admiration and respect for FTX Co-founder and CEO Sam Bankman-Fried but over time, that “eroded”.   According to Singh, Bankman-Fried’s frequent dipping into...

Read More



IANS 16 October 2023
The Supreme Court on Monday issued a notice on central bureau of investigation's (CBI's) petition challenging the interim bail granted by the Bombay High Court to former ICICI Bank chief Chanda Kochhar in the Videocon loan fraud case.   The bench comprising justices Aniruddha Bose and...

Read More



Moneylife Digital Team 13 October 2023
The enforcement directorate (ED) has arrested Nirmal Kotecha, Pavan Kuchana and Kishore Tapadia in connection with its probe into the case of the initial public offer (IPO) scam of Taksheel Solutions Ltd. Under investigation from multiple agencies, Mr Kotecha, a notorious broker, was the...

Read More



IANS 13 October 2023
The Enforcement Directorate (ED) on Thursday said that it has attached immovable properties worth Rs 152 crore belonging to Maharashtra's four-time MLA Vivekanad Shankar Patil, his relatives, and Karnala Mahila Readymade Garments Cooperative Society Limited, an entity under his control, in...

Read More



IANS 12 October 2023
The Delhi High Court on Thursday stayed the cheating case proceedings against Hero MotoCorp's  managing director and chief executive officer (MD & CEO) Pawan Munjal, according to sources.   The High Court is also expected to hear the plea against Hero MotoCorp's forgery case on 6th...

Read More

Free Helpline
Legal Credit
Feedback