ED said it was the first instance of seizure of foreign assets after the FEMA was amended recently and the ED was empowered to take action in cases where illegal assets were stashed abroad
The central probe agency said it has issued a provisional attachment order under the Prevention of Money Laundering Act (PMLA), attaching the gold it had recovered after searches in this case.
The Enforcement Directorate (ED) has arrested a Delhi-based businessman in connection with its notes ban money laundering probe against Delhi lawyer Rohit Tandon and others. Officials said the agency arrested Yogesh Mittal, a businessman from the Model Town area, on Monday evening for his alleged role in the illegal conversion of demonetised currency worth Rs […]
The ED had issued a similar summons to Shah on May 25 but he had failed to keep the date.
The ED has attached assets worth Rs 21 crore of Sanjay Bhandari in connection with a money laundering probe against him. The Income Tax Department had booked Bhandari under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015.
According to orders passed by the ED, a company registered in the name of Rajeev Mehan’s employee, had fraudulently obtained a VAT refund of Rs 1,14,61,042
Rafique Maqbool Qureshi of Pyramid Developers raided too; case pertains to alleged irregularities in redevelopment of slum Jamaat-e-Jamhooria in Bandra
The action, under the provisions of the Prevention of Money Laundering Act, 2002, follows the provisional attachment of Rs 34 crore in new currency notes belonging to Reddy and his associates on May 5.
Agarwal was produced before the court after his three-day custody granted to the ED on May 23 ended today.
Justice S P Garg also issued notices to Kalanithi’s wife Kavery; South Asia FM Ltd; the company’s managing director K Shanmugam; and Sun Direct TV (P) Ltd.
The ED registered the case under the Prevention of Money Laundering Act (PMLA) on the basis of a corruption case the CBI had filed on Monday against Karti and the INX group.
The ED case will be filed under sections of the Prevention of Money Laundering Act (PMLA). It will follow a case of corruption filed by CBI on Monday against Karti and the INX group.
The ED raided multiple locations in Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru, Ahmedabad, Chennai among others based on intelligence gathered by the agency.
The agency , according to sources, has provisionally attached eight immovable properties of Mallya and UB Holdings and one bank account of Mallya in Laxmi Vilas Bank.
They said the court may pronounce its order on the Enforcement Directorate plea on June 13.