CBI arrests DHFL Director Dheeraj Wadhawan in Rs 34,000 cr bank fraud case
May 15, 2024, at 05:40 am
Mumbai: The CBI has arrested former DHFL Director Dheeraj Wadhawan for allegedly defrauding a 17-member bank consortium of Rs 34,000 crore, media reported, citing officials.
Paytm Payments Bank fined Rs 5.49 cr for flouting money laundering regulations
Mar 02, 2024, at 05:54 am
Mumbai: The Financial Intelligence Unit - India (FIU-IND) has imposed a substantial penalty of Rs 5,49,00,000 on Paytm Payments Bank Ltd for purported violations of anti-money laundering regulations under the Prevention of Money Laundering Act (PMLA).
ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report
Feb 15, 2024, at 04:53 am
Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.
ED attaches Hero MotoCorp Exec Chairman Pawan Munjal's property worth Rs 25 cr
Nov 11, 2023, at 04:45 am
New Delhi: The Enforcement Directorate Friday said it has confiscated the assets of Hero MotoCorp Executive Chairman Pawan Kant Munjal worth Rs 24.95 crore as part of an ongoing money laundering probe, a media report said.
Bank Fraud case: ED attaches assets worth Rs 70 cr of DHFL promoters Wadhawans
Oct 27, 2023, at 05:58 am
New Delhi: The Enforcement Directorate has attached assets worth over Rs 70 crore belonging to DHFL promoters Kapil and Dheeraj Wadhawan in connection to a money laundering probe linked to an alleged bank loan fraud case, media reported.
ED arrests 4 Vivo execs including 1 Chinese national
Oct 11, 2023, at 02:12 am
New Delhi: The Enforcement Directorate (ED) on Tuesday arrested four executives from the Chinese smartphone manufacturer Vivo, including a Chinese national, reported media.
Jun 10, 2023, at 04:13 am
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
Govt brings crypto trading under anti-money laundering provisions
Mar 09, 2023, at 05:01 am
New Delhi: The government has brought the cryptocurrency industry under anti-money laundering regulations as part of its ongoing efforts to strengthen legal control over digital assets.
Govt asks blocked loan apps to furnish documents to prove legality of their practices
Feb 11, 2023, at 05:03 am
New Delhi/IBNS: The government has asked the loan apps blocked after a notice from the Ministry of Electronics and Information Technology (MeitY) have been asked to furnish documents to prove that they operated within legal boundaries, media reports said.
Ex-ICICI Bank CEO Chanda Kochhar, husband Deepak arrested in loan fraud case
Dec 24, 2022, at 03:51 am
New Delhi: The Central Bureau of Investigation (CBI) Friday arrested former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar in connection with a case linked to alleged irregularities in an over Rs. 3,000-crore loan provided to the Videocon Group when she was heading the private sector bank.
ED arrests ex-NSE CEO Ravi Narain in money laundering case
Sep 07, 2022, at 06:44 am
New Delhi/IBNS: The Enforcement Directorate (ED) Tuesday arrested former National Stock Exchange (NSE) chief executive officer (CEO) Ravi Narain in a money laundering case related to alleged illegal phone tapping and snooping of NSE employees.
Delhi HC allows Chinese phone maker Vivo to use accounts frozen by ED but with a rider
Jul 13, 2022, at 10:18 pm
Delhi: The Delhi High Court on Wednesday allowed Chinese phone maker Vivo to operate its bank accounts in India, frozen by the Enforcement Directorate (ED) in a money laundering case, media reports said.
After Xiaomi, ED raids multiple locations of Chinese phone maker Vivo over money laundering
Jul 05, 2022, at 10:25 pm
The Enforcement Directorate (ED) is raiding multiple offices of Chinese mobile phone manufacturer Vivo and its sister concerns across India over a money laundering case, media reports said.
ABG Shipyard case: Auditor had settled fund diversion case with Sebi, says report
Feb 24, 2022, at 09:27 pm
The auditor of troubled ABG Shipyard had settled a fund diversion investigation initiated by the Securities and Exchange Board of India (SEBI) by paying a small settlement fee in 2019, media reports said.
ABG Shipyard case: Company directors under CBI's scanner, diverted funds through 38 overseas firms
Feb 24, 2022, at 04:48 am
Directors of ABG Shipyard, which is being investigated by Central agencies for allegedly defrauding a consortium of banks to the tune of Rs 22,482 crore, are under the scanner for their role in diverting money, media reports said.
ED files money laundering case against ABG Shipyard Ltd
Feb 17, 2022, at 07:06 am
The Enforcement Directorate (ED) has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for cheating a consortium of banks of over Rs 22,842 crore, media reports said.
Rs 6,000 cr remitted from Bank of Baroda to Hong Kong; CBI files charge sheet
Dec 26, 2021, at 05:45 am
Delhi/IBNS: The Central Bureau of Investigation has filed two supplementary charge sheets in relation to the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, in the garb of payment for imports, media reported.
Govt will not ban but regulate all private cryptocurrencies: Report
Dec 03, 2021, at 06:02 am
New Delhi/IBNS: The government has suggested regulating rather than banning the private cryptocurrency while maintaining that it will not be recognised as a legal tender in India.
Govt working on a new bill on cryptocurrency: Sitharaman tells Rajya Sabha
Nov 30, 2021, at 10:31 pm
New Delhi/IBNS: The government is working on a new bill on cryptocurrency and it will be presented before the Union Cabinet soon for approval, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
Nov 24, 2021, at 06:10 am
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
Govt may permit crypto as an asset, not as currency: Report
Nov 18, 2021, at 03:46 am
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
ED seizes hotel in London in money laundering probe against Unitech Group
Jul 31, 2021, at 03:07 am
Delhi/IBNS: The Enforcement Directorate (ED) has seized a hotel in London worth Rs 58.61 crore in connection with a money laundering case against real estate company Unitech Group and its owners Sanjay Chandra and Ajay Chandra, according to media reports.
Nirav Modi's sister, her husband turn approver against him in PNB case
Jan 08, 2021, at 07:23 am
New Delhi/IBNS: Trouble could be mounting for fugitive diamond merchant Nirav Modi wanted in Punjab National Bank money laundering case as his sister and her husband have turned approver against him, said media reports.
ED attaches assets worth Rs 2.70 cr in Sanket Media money laundering case
Jan 05, 2021, at 06:11 am
New Delhi/UNI: Directorate of Enforcement (ED) on Monday said that it has provisionally attached assets worth Rs 2.70 crore of Sanket Media Pvt Ltd, its Director PVS Sarma in a case related to cheating and forgery under Prevention of Money Laundering Act (PMLA) 2002.
ED files first chargesheet against Kochars, Dhoot in ICICI Bank money laundering case
Nov 05, 2020, at 05:07 am
Mumbai/IBNS: Enforcement directorate (ED) on Wednesday filed its first chargesheet ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar, Videocon International Electronics Ltd, Videocon Industries Ltd, Venugopal Dhoot, Nu Power Renewables Ltd, Supreme Energy Pvt Ltd, said a mint report.
ED attaches three hotels worth Rs 100 crore in PMC Bank money laundering case
Sep 19, 2020, at 05:09 am
New Delhi/IBNS: The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 crore in connection with its investigation in a money laundering case linked to Punjab Maharashtra Cooperative (PMC) bank fraud, officials said, according to a media report.
ED attaches Yes Bank founder Rana Kapoor's properties worth Rs 1,400 cr
Jul 10, 2020, at 06:31 am
Mumbai/IBNS: The Enforcement Directorate on Thursday seized Yes Bank founder Rana Kapoor and his family's assets worth over Rs 1,400 crore, including properties in London, New York and Mumbai under the anti-money laundering law, media reports said.
Yes Bank crisis: CBI searches 7 locations, files FIR against 5 companies, Rana Kapoor's family
Mar 09, 2020, at 05:51 pm
Mumbai/IBNS: A day after CBI registered an FIR against Yes Bank founder and its former MD Rana Kapoor under charges of criminal conspiracy and cheating, the central investigating agency searched seven locations in connection with the Yes Bank scam case, media reports said.
ED launches enquiry of records at 50 banks
Dec 07, 2016, at 08:58 pm
New Delhi, Dec 7 (IBNS) : The Enforcement Directorate on Wednesday started an 'enquiry of records' operation at over 50 bank branches across the country to detect money laundering and hawala dealing instances post demonetisation, reports said.