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Thiruvananthapuram, Sep 24 (SocialNews.XYZ) A day after a joint raid conducted by the DRI and Customs officials into the luxury car smuggling racket through its 'Operation Numkhor', which exposed tax evasion worth crores through illegal imports routed via Bhutan, the Enforcement Directorate is mulling joining the probe. On Tuesday, the raid confiscated about 36 cars from various people, including Mammootty's actor son Dulquer Salman, upcoming actor Amit Chakalackal and others. The high-profile ...Read More >
New Delhi: The Enforcement Directorate (ED) has decided to initiate "focused strategies" to investigate financial crimes arising from the recent Union government ban on real-money online gaming. The federal agency will also ensure the timely filing of charge sheets and pursue the "fast tracking" of trials in money laundering cases. These issues were discussed during the 32nd quarterly conference of all zonal officers, comprising supervisory heads of the agency, held in Srinagar, Jammu and Kashm ...Read More >
New Delhi, Sep 15 (PTI) The Supreme Court on Monday said there was "no contravention of law" while accepting a clean chit given by its special investigation team to Vantara, the zoological rescue and rehabilitation centre in Gujarat's Jamnagar. A bench of Justices Pankaj Mithal and P B Varale took the SIT's report on record besides noting the probe team's satisfaction on the compliance and regulatory measures in Vantara. The top court on August 25 constituted a four-member SIT headed by a form ...Read More >
New Delhi: The Enforcement Directorate (ED) has issued summons to former Trinamool Congress member of Parliament, Mimi Chakraborty, and Bollywood actress, Urvashi Rautela, asking them to appear before it on coming Monday and Tuesday, respectively, in connection with its larger money laundering probe against several illegal online betting platforms, which use multiple platforms for surrogate advertisements and collect funds from the users, officials said on Sunday. Chakraborty and Rautela, offic ...Read More >
The Enforcement Directorate searched real estate company BPTP in Delhi-NCR. The searches relate to a foreign exchange violation case. The case involves funds of about Rs 500 crore. BPTP allegedly received foreign investment from Mauritius. This investment occurred during 2007-2008. The investment contravened FEMA rules. CMD Kabul Chawla allegedly held foreign assets anonymously. The Enforcement Directorate (ED) on Tuesday searched premises related to real estate company BPTP across the Delhi-NC ...Read More >
New Delhi, Aug 29 (SocialNews.XYZ) The Enforcement Directorate, Gurugram office carried out search operations on August 26-27 under the provisions of Foreign Exchange Management Act (FEMA), 1999 at multiple locations in Delhi-NCR and Noida in connection with FEMA investigation against M/s BPTP Ltd. (formerly M/s. Business Park Town Planners Private Limited), a real estate company based in Faridabad, Haryana. The search operations were carried out at the offices of M/s BPTP Ltd. and the residenc ...Read More >
New Delhi, Aug 26 (PTI) The Enforcement Directorate (ED) on August 26 searched premises related to real estate company BPTP across the Delhi-NCR region as part of a foreign exchange violation case involving funds of about ₹500 crore, official sources said. Locations of the Business Parks Town Planners Private Limited (BPTP) in Delhi, Noida and Faridabad were searched under the provisions of the Foreign Exchange Management Act (FEMA), they said. A probe found that BPTP received foreign investme ...Read More >
In a stunning turn of events, Viresh Joshi, once a key player at Axis Mutual Fund, has been arrested by the Enforcement Directorate on charges of money laundering. The case revolves around serious allegations of investor deception through front-running. Viresh Joshi, a former chief trader and fund manager of Axis Mutual Fund, has been arrested under the anti-money laundering law in a case linked to alleged cheating of investors to the tune of Rs 2 lakh crore by 'front-running' in trade activiti ...Read More >
Mumbai (Maharashtra) [India], August 3 (ANI): In a major crackdown on narcotics smuggling, officers of the Airport Commissionerate, Mumbai Customs Zone-III, have seized 14.738 kgs of suspected NDPS hydroponic weed (marijuana) valued at approximately Rs 14.73 crore during operations on Sunday. The seizures were made across Chhatrapati Shivaji Maharaj International Airport (CSMI), resulting in the arrest of one passenger, as stated in the press release. The passenger was arrested under the provi ...Read More >
New Delhi: The Enforcement Directorate (ED) on Sunday announced the arrest of Viresh Joshi, a former chief trader and fund manager at Axis Mutual Fund, under the Prevention of Money Laundering Act (PMLA). Joshi is accused of defrauding investors of approximately Rs 200 crore through "front-running" in trading activities. A special PMLA court remanded Joshi, taken into custody on Saturday, to ED custody until August 8. The agency's action follows searches conducted on August 1 across multiple lo ...Read More >
Mumbai: The Enforcement Directorate (ED) has issued a Look Out Circular (LoC) against Anil Ambani, chairman of the Anil Dhirubhai Ambani Group (ADAG), in connection with its ongoing probe into an alleged Rs 17,000-crore bank loan fraud case. The LoC was issued on Friday at the request of the federal financial probe agency to prevent Ambani from leaving the country without prior clearance, senior officials confirmed. Ambani Summoned in ₹17,000 Crore Bank Fraud Investigation The ED has summoned ...Read More >
Mumbai, Jul 18 (PTI) A three-storey chawl collapsed in the western suburb of Bandra here in the early hours of Friday, with at least 10 people feared trapped in the debris, civic officials said. As many as seven people have been rescued from the debris so far and admitted to the civic-run Bhabha Hospital, they said. According to preliminary information, chawl number 37 in the Bharat Nagar area of Bandra East collapsed around 5.56 am. Eight fire engines are at the spot along with teams from th ...Read More >
HYDERABAD: State BJP president N Ramchander Rao on Thursday slammed the Congress government and Chief Minister A Revanth Reddy for failing to address farmers' issues despite completing 19 months in office. Speaking at the Kisan Morcha state office-bearers' meeting at the BJP headquarters in Hyderabad, he accused the state government of neglecting farmers due to its skewed policies. He urged party workers to collaborate with the Kisan Morcha to highlight farmers' grievances and counter the Cong ...Read More >
HYDERABAD: The Enforcement Directorate (ED) has registered an Enforcement Case Information Report (ECIR) under the Prevention of Money Laundering Act (PMLA) and Foreign Exchange Management Act (FEMA) against the Hyderabad Cricket Association (HCA) president A Jaganmohan Rao and four others, based on a CID investigation into alleged misuse of funds and forgery within the association. Sources said the ED's ECIR is based on an FIR and investigation reports filed by the Telangana CID, which had ear ...Read More >
Mumbai, July 11 (SocialNews.XYZ) The Reserve Bank of India (RBI) said on Friday that it has imposed a monetary penalty of Rs 4.88 lakh on HDFC Bank and Rs 2.70 lakh on Shriram Finance after finding non-compliance with certain directions of the Central Bank. The penalty on HDFC Bank was levied under the provisions of Section 11(3) of the Foreign Exchange Management Act (FEMA) after the private sector lender had ignored the 'Master Direction - Foreign Investment in India' while granting a term lo ...Read More >
The raids are underway at at least five locations. ShowQuick Read Summary is AI-generated, newsroom-reviewed Enforcement Directorate raided Congress MLA S.N. Subba Reddy's properties in Bengaluru under FEMA Section 37Raids target undisclosed foreign assets and properties in Malaysia, Hong Kong, Germany linked to Subba ReddySearches include residences and businesses of Subba Reddy's associates and family members at five locations Did our AI summary help? Let us know. Bengaluru: The Directo ...Read More >
Former Indian League (IPL) owner Lalit Modi hosted an annual summer party in London with his 310 friends and family, and one of the attendees was none other than his "good friend" Vijay Mallya. Lalit Modi shared a video of the grand party at his house in London. "Had an amazing night with 310 friends and family a lot who travelled specially for this event thank you to one and all who attended this evening and made it one of the most special night for me," he said on Instagram. The attendees in ...Read More >
New Delhi [India], June 30 (ANI): The Supreme Court on Monday has granted liberty to Lalit Modi to move to a civil court to seek remedy against a Rs 10.65 crore fine imposed on him by the Directorate of Enforcement (ED) in a Foreign Exchange Management Act (FEMA) case in connection with the 2009 season of the Indian Premier League. Modi had sought directions for the recovery of the fine amount from the Board of Control for Cricket in India (BCCI), instead of him. A bench of Justices PS Narasim ...Read More >
New Delhi, June 30 (SocialNews.XYZ) The Supreme Court on Monday refused to entertain a plea fled by former IPL head Lalit Modi seeking a direction to the BCCI (Board of Control for Cricket in India) to pay a penalty of Rs 10.65 crore imposed on him for alleged violation of the Foreign Exchange Management Act (FEMA). A Bench of Justices P.S. Narasimha and R. Mahadevan declined to interfere with a decision of the Bombay High Court turning down his writ petition seeking a direction to the BCCI to ...Read More >
New Delhi: The Supreme Court Monday dismissed a petition filed by former IPL commissioner Lalit Modi, who had sought a direction for the BCCI to indemnify him for a Rs 10.65 crore penalty imposed under the Foreign Exchange Management Act (FEMA). The court declined to entertain the plea, effectively leaving Modi liable for the payment. A Bench of Justices PS Narasimha and R Mahadevan declined to interfere with a decision of the Bombay High Court turning down his writ petition seeking a direction ...Read More >
New Delhi [India], June 30 (ANI): The Supreme Court on Monday has granted liberty to Lalit Modi to move to a civil court to seek remedy against a Rs 10.65 crore fine imposed on him by the Directorate of Enforcement (ED) in a Foreign Exchange Management Act (FEMA) case in connection with the 2009 season of the Indian Premier League. Modi had sought directions for the recovery of the fine amount from the Board of Control for Cricket in India (BCCI), instead of him. Also Read | Kolkata Rape Case: ...Read More >
New Delhi: The Supreme Court on Monday refused to entertain a plea filed by former cricket administrator Lalit Modi for a direction to the Board of Control for Cricket in India (BCCI) to pay a penalty of Rs 10.65 crore imposed on him by the Enforcement Directorate (ED) for violating the Foreign Exchange Management Act (FEMA). The matter came up before a bench comprising justices PS Narasimha and R Mahadevan. The bench, which declined to entertain Modi's plea, however, said that he will be entit ...Read More >
New Delhi, Jun 30 (PTI) The Supreme Court on Monday junked a plea filed by former cricket administrator Lalit Modi seeking an order to the BCCI to pay a penalty of Rs 10.65 crore imposed on him by the ED for violating the Foreign Exchange Management Act (FEMA). A bench of Justices P S Narasimha and R Mahadevan, however, said Modi will be entitled to avail civil remedies as available according to law. The Bombay High Court on December 19 last year had imposed a cost of Rs 1 lakh on Modi while d ...Read More >
Hyderabad: In the ongoing Formula-E race case, former chief engineer of the Hyderabad Metropolitan Development Authority (HMDA), N.L.N. Reddy, failed to appear before the Enforcement Directorate (ED) for questioning on Thursday. Reddy informed the ED that he would not be able to attend and requested additional time for his appearance. The ED is expected to issue a fresh summons for Reddy's appearance. Meanwhile, senior IAS officer Arvind Kumar is scheduled to appear before the central agency o ...Read More >
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