Stay updated with the latest prevention-of-money-laundering-act-2002 news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on prevention-of-money-laundering-act-2002 topics.
India's Financial Intelligence Unit (FIU-IND) has taken decisive action against 25 offshore cryptocurrency exchanges, issuing compliance notices for failing to meet India's anti-money laundering (AML) requirements. The FIU confirmed that these platforms have not registered under the Prevention of Money Laundering Act (PMLA), 2002, a regulatory framework extended to Virtual Digital Asset (VDA) service providers since March 2023. According to officials, the exchanges were actively servicing India ...Read More >
WeWork India IPO: The initial public offering (IPO) of the flexible workspace operator, WeWork India Management, will open for bidding on Friday, October 3, 2025. The public issue worth ₹3,000 crore comprises an offer for sale (OFS) of 46.3 million equity shares and no fresh issue component. The three-day subscription window is scheduled to close on Tuesday, October 7, 2025. The basis of allotment of shares is likely to be finalised on Wednesday, October 8, 2025. The stock will be listed on the ...Read More >
NEW DELHI: Enforcement Directorate on Tuesday searched six premises in connection with a case of money laundering against Anil Ambani and R-ADAG entities.Sources said the searches were a part of the investigation into overseas remittances by Reliance Infrastructure, allegedly in violation of certain regulations of Foreign Exchange Management Act (Fema).In a statement, Reliance Infrastructure said Tuesday's searches were related to matters dating back to 2010, when the company had awarded an EPC ...Read More >
The Ranchi wing of Enforcement Directorate (ED) said on Tuesday that their officials have attached 10 immovable properties worth Rs 15.41 crore in Kolkata and Howrah in West Bengal in connection with a large-scale goods and services tax (GST) input tax credit (ITC) fraud syndicate. According to a press statement issued by ED, the properties attached by its officials in West Bengal belong to Amit Gupta, one of the principal masterminds of the syndicate and its aides. Advertisement The attachme ...Read More >
The fraud exploited the mechanism of Input Tax Credit (ITC) under the GST system The Enforcement Directorate (ED) has attached 10 immovable properties, worth Rs 15.41 crore in Kolkata and Howrah as part of its investigation into a goods and services tax (GST) fraud that spans three states and involves 135 shell companies. The properties, attached under the Prevention of Money Laundering Act (PMLA), belong to Amit Gupta, one of the masterminds of the GST fraud syndicate, and his associates, the ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. ED, Ranchi has provisionally attached 10 immovable properties valued at Rs ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. Also Read | Durga Puja 2025: Devotees Gather at Temples To Offer Prayers ...Read More >
New Delhi, Sep 30 (PTI) The Enforcement Directorate on Tuesday conducted searches in Maharashtra and Madhya Pradesh as part of a FEMA investigation being conducted against Anil Ambani Group company Reliance Infrastructure, official sources said. At least six premises in Mumbai and Mhow in Indore were raided, they said. The searches are part of a Foreign Exchange Management Act (FEMA) investigation being conducted against Reliance Infrastructure on charges of making some illegal remittances abr ...Read More >
New Delhi [India], September 30 (ANI): The Enforcement Directorate (ED) has attached 10 immovable West Bengal-based properties valued at Rs 15.41 crore that belong to Amit Gupta, one of the masterminds of a large-scale GST fraud syndicate, and his associates. ED's Ranchi Zonal Office attached these properties in Kolkata and Howrah on September 29 under the provisions of the Prevention of Money Laundering Act (PMLA), 2002. In a statement, the ED said it initiated an investigation based on multi ...Read More >
New Delhi [India], September 30 (ANI): Actor Urvashi Rautela appeared before the Enforcement Directorate (ED) at its headquarters in Delhi on Tuesday for questioning related to the ongoing investigation into the illegal betting app 1xBet. The ED is probing alleged money laundering and celebrity endorsements linked to the platform, which has come under scrutiny for violating India's gaming and financial laws. As part of the investigation, the ED had summoned former Indian cricketers Yuvraj Sing ...Read More >
The Enforcement Directorate (ED) has filed a chargesheet against businessman Raj Kundra in connection with a bitcoin-linked money laundering case, alleging that he was a "beneficial owner" of 285 Bitcoins and not just a mediator as he has claimed. The chargesheet, recently filed before a special PMLA court, states that the Bitcoins, currently valued at ₹150.47 crore, were received by Kundra from late crypto-scam mastermind Amit Bhardwaj. According to the ED, Kundra failed to disclose crucial ...Read More >
A special court has pardoned Maiank Mehta, Nirav Modi's brother-in-law. He is now an approver in the PNB scam case. The court granted his plea on September 22. Mehta must provide a full disclosure of all circumstances. He voluntarily came to India in 2021. This development could offer new information into the multi-crore fraud. A special court has granted Maiank Mehta, brother-in-law of absconding businessman Nirav Modi, a pardon in the case linked to the multi-million dollar Punjab National Ba ...Read More >
Kochi, The Kerala High Court on Friday upheld its 2021 single judge decision to stay a state government order appointing a Commission of Inquiry to examine any alleged attempt by the Enforcement Directorate to implicate Chief Minister Pinarayi Vijayan in the gold smuggling through diplomatic channels case. A bench of Justices Sushrut Arvind Dharmadhikari and Syam Kumar V M said there was no error in the single judge's August 11, 2021, interim order. The bench's ruling came while dismissing the ...Read More >
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 >
Kolkata, Sep 15 (SocialNews.XYZ) The Enforcement Directorate (ED), Kolkata, on Monday, alleged that a number of Sahara Group assets, which were acquired out of the deposits collected from the public, were being disposed of in a clandestine manner via cash transactions, said the agency in a statement. The central investigation agency filed a charge sheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6. It named Anil V Abraham and Jitendra ...Read More >
New Delhi: The Enforcement Directorate (ED) on Monday alleged that a number of Sahara Group assets, which were acquired out of the deposits collected from the public, were being disposed of in a "clandestine" manner via cash transactions. The federal probe agency filed a chargesheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6. It named Anil V Abraham and Jitendra Prasad Verma, both arrested in the case by the ED and presently lodged ...Read More >
New Delhi, Sep 15 (PTI) The Enforcement Directorate (ED) on Monday alleged that a number of Sahara Group assets, which were acquired out of the deposits collected from the public, were being disposed of in a "clandestine" manner via cash transactions. The federal probe agency filed a chargesheet in the matter before a special Prevention of Money Laundering Act (PMLA) court in Kolkata on September 6. It named Anil V Abraham and Jitendra Prasad Verma, both arrested in the case by the ED and pres ...Read More >
CHENNAI: In a significant development in a Rs 380 crore bank fraud case, the Enforcement Directorate (ED) has restituted 27 immovable properties valued at approximately Rs 163.85 crore to the State Bank of India (SBI). The action was taken under the Prevention of Money Laundering Act (PMLA), 2002, following an order from the Principal Sessions/Special Court in Chennai. The properties were returned in connection with the money laundering investigation into Nathella Sampath Jewellery Pvt Ltd (NSJ ...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 >
In 2024, Arunachal Pradesh Police arrested the Jha brothers for their role in a Rs 100 crore ITC scam, marking an earlier instance of their involvement in tax fraud The Enforcement Directorate's (ED) probe into the Rs 650 crore Input Tax Credit (ITC) scam has uncovered a web of fake firms and hawala traders, where even the names of Seema Haider and her husband Sachin were allegedly misused. According to reports, two brothers from Bihar's Darbhanga, Ashutosh Jha and Vipin Jha, have emerged as k ...Read More >
New Delhi: The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that 'big MNCs' were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connection with a m ...Read More >
New Delhi/Guwahati, Sep 12 (SocialNews.XYZ) The Enforcement Directorate (ED) has conducted search operations at 10 premises across five states including Delhi in connection with a multi-crore fake Input Tax Credit (ITC) fraud under the Prevention of Money Laundering Act (PMLA), 2002, the probe agency said on Friday. The Itanagar-based ED unit has carried out search operations on at 10 premises across Arunachal Pradesh, Delhi, Haryana, Tamil Nadu, and Telangana on Thursday in connection with a m ...Read More >
Bhubaneswar: The Enforcement Directorate (ED) on Friday raided and attached the residence of Archana Nag, prime accused in the high-profile honeytrap and extortion case, in Odisha's capital city. According to sources, the ED conducted the raid at Nag's three-storey house in Satya Vihar over alleged financial irregularities dating back to 2022. Nag was not present during the raid, though her father and other family members were inside the house when the sleuths arrived. Officials said Nag had ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
New Delhi, Sep 12 (PTI) The Enforcement Directorate (ED) on Friday said its preliminary probe into a multi-crore pan-India alleged fake input tax credit (ITC) fraud has found that "big MNCs" were benefiting from these illegal transactions. The Itanagar (Arunachal Pradesh) office of the federal probe agency carried out searches in this case on Thursday and covered about 10 premises in the northeastern state apart from Delhi, Haryana, Tamil Nadu and Telangana. The raids were undertaken in connec ...Read More >
Mumbai, Aug 25 (PTI) The ED has arrested the director of a Pune-based real estate company from a five-star hotel in Mumbai along with Rs 9.5 lakh in cash and gold and diamond jewellery worth Rs 2.3 crore in a bank loan fraud case. Amit Ashok Thepade was taken into custody on Sunday from the hotel in south Mumbai, where he had been staying for the past two months. A special Prevention of Money Laundering Act (PMLA) court has sent him to ED custody for five days, the federal probe agency said in ...Read More >
New Delhi: Protest at the Aligarh Muslim University (AMU) against a recently announced fee hike, the long-standing suspension of students' union elections and calls for administrative accountability have entered their sixth day, with students boycotting classes and staging sit-ins at the Bab-e-Syed gate (the iconic entrance of the varsity). The fee structure for different courses has witnessed a sharp revision. Students say the hike ranges from 25% to over 60% across various programmes. Many cl ...Read More >
Delhi, August 14: The Enforcement Directorate (ED) has arrested Sandeepa Virk, a 32-year-old social media influencer and entrepreneur, in connection with an INR 40-crore money laundering case. The agency conducted coordinated raids in Delhi and Mumbai after uncovering alleged irregularities in her business operations and financial transactions. Virk, who has over 1.2 million Instagram followers, is also accused of acquiring properties through fraudulent means and misusing funds for personal gain ...Read More >
Ms Virk is also allegedly linked with a former director of the now-defunct Reliance Capital Limited. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Sandeepa Virk projected herself as the owner of hyboocare.com, a website claiming to sell beauty products * Ms Virk is also allegedly linked with a former director of the now-defunct Reliance Capital Limited * She has been sent to the custody of the Enforcement Directorate till Friday Did our AI summary help? Let us know. Switch ...Read More >
New Delhi: The Supreme Court on Wednesday set aside an order of bail to Olympic medallist and wrestler Sushil Kumar in a 2021 murder case of former junior national wrestling champion Sagar Dhankar at the Chhatrasal Stadium in the national capital. A bench of Justices Sanjay Karol and Prashant Kumar Mishra noted the allegations in the FIR, which said the national capital was made into a "criminal playground" to settle scores with no regard for the law of the land, and directed Kumar to surrender ...Read More >
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