Wed, Jun 28, 2023
The Enforcement Directorate arrested real estate developer Supertech's Chairman and Managing Director RK Arora in connection with a money laundering case, news agency ANI reported citing officials.
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Wed, May 10, 2023
The government has further tightened the rules to prevent money laundering and has increased the scope of PMLA. Under this, individuals who give their address to open a company can also come under the purview of the Anti-Money Laundering Act. Will business become difficult if PMLA is strictly enforced? Will those who help businessmen also be punished? What is the guarantee that professionals will not be harassed? Will the stringent PMLA provisions impact 'Ease Of Doing Business'? Watch this special discussion in Aapki Khabar Aapka Fayda.
The Indian government has expanded the scope of its money laundering law to also include individuals representing a company or acting as a director, according to a notification.
Thu, May 04, 2023
Notifying changes to the Prevention of Money-laundering Act on Thursday, the Finance Ministry brought in practicing chartered accountants, company secretaries, and cost and works accountants carrying financial transactions on behalf of their clients into the ambit of the money laundering law.
Mon, Mar 20, 2023
Kavitha left the agency's office around 9:15 pm flashing a victory symbol as her SUV waded through waiting journalists and police personnel on duty.
Sat, Mar 11, 2023
According to the government, financial institutions or reporting agencies will be required to collect information about the financial transactions of non-profit organisations or NGOs under the provisions of the Prevention of Money Laundering Act (PMLA).
Fri, Mar 10, 2023
The searches are covering the premises linked to Prasad's daughters Ragini Yadav, Chanda Yadav and Hema Yadav and former RJD MLA Abu Dojana in Patna, Phulwari Sharif, Delhi-NCR, Ranchi and Mumbai, officials said.
Thu, Mar 09, 2023
In a move to prevent the misuse of digital assets and regulate crypto space, the Finance Ministry has announced that digital assets, cryptocurrencies, and virtual asset businesses will now fall under the ambit of the Prevention of Money Laundering Act 2002.
Wed, Mar 08, 2023
Money laundering is the process of turning illegally obtained funds into legal ones. The process of money laundering is typically broken down into three steps: placement, layering, and acquisition of wealth derived from the use of illicit funds.
Thu, Nov 10, 2022
After multiple twists and turns in a protracted legal case, Modi on Wednesday lost his appeal against extradition to India as the High Court in London ruled that his risk of suicide is not such that it would be either unjust or oppressive to extradite him to face charges of fraud and money laundering.
Wed, Nov 02, 2022
Jharkhand Chief Minister Hemant Soren has been summoned by the Enforcement Directorate in a money laundering probe linked to an alleged mining scam in the state. Hemant Soren has been asked by the probe agency to join the investigation tomorrow at its regional office in Ranchi. Watch this video for more details.
Fri, Sep 16, 2022
It is alleged that undue financial favours were extended to liquor licensees after the tenders were awarded, causing loss to the exchequer.
Sun, Sep 11, 2022
The DHFL was founded in April 1984 by the late Rajesh Kumar Wadhawan and later headed by Kapil R. Wadhawan as the Chairman-cum-Managing Director and his brother Dheeraj R. Wadhawan as a Director.
Fri, Aug 26, 2022
The ED conducted searches at various premises of Yellow Tune Technologies Pvt Ltd in Bengaluru, and froze assets belonging to Flipvolt crypto exchange which runs the Darshan Bathija-led Vauld.
Thu, Aug 25, 2022
Prem Prakash ED Raid: The Enforcement Directorate (ED) has arrested an alleged middleman identified as Prem Prakash in connection with its ongoing money-laundering probe into an illegal mining and extortion case in Jharkhand, officials said on Thursday, IANS reported.
Fri, Aug 19, 2022
CBI Friday raided the Delhi residence of Sisodia, 50, that of IAS officer and former Delhi excise commissioner Arava Gopi Krishna and 19 other locations across seven states and Union Territories after it registered an FIR to investigate alleged irregularities in the formulation and execution of the Delhi Excise Policy brought out in November last year.
Fri, Aug 05, 2022
The federal agency said it conducted raids against a director of Zanmai Lab Pvt Ltd, which owns WazirX, on August 3 in Hyderabad and alleged he was "non-cooperative". The agency's probe against the crypto exchange is linked to its ongoing investigation against a number of Chinese loan apps (mobile applications) working in India.
Wed, Jul 27, 2022
Sonia Gandhi reached the federal agency's office in central Delhi at 11 am accompanied by her children Priyanka Gandhi Vadra and Rahul Gandhi. The session began around 11:15 am by a team of investigators that includes the main probe officer and a person who takes down statements dictated by Gandhi on a computer.
Wed, Jul 13, 2022
The Enforcement Directorate on Wednesday said it has registered a money laundering case in connection with the alleged fraud in the Sikkim Multi Commodity Exchange and raided multiple locations in Sikkim, Kolkata, Mumbai and Delhi.
Mon, Apr 25, 2022
Citing sources, Tarun, said, "Non-Sikkim people (traders) have taken advantage of tax exemption, and ED has sought information from MCX in this matter amid speculations of money laundering.
Mon, Mar 14, 2022
ED is investigating seven cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed on Monday.
Sun, Oct 13, 2019
In a major setback for Bhushan Power and Steel Limited (BPSL), the Enforcement Directorate (ED) has attached the immovable properties worth Rs 4,025.23 crore.
Thu, Sep 19, 2019
Fugitive Nirav Modi has been remanded to judicial custody until 17th October by a UK court on Thursday. Watch this video to know more.
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