ENFORCEMENT DIRECTORATE
Herald Case: Court notices to Sonia Gandhi, Rahul Gandhi and others
A Delhi court on Friday issued notices to Sonia Gandhi, Rahul Gandhi, and others charge-sheeted by the Enforcement Directorate (ED) in the National Herald case, allowing them to be heard on whether the court should take cognisance of the charges.
Litigation on 2 significant issues holding up final attachment of assets worth over Rs 50K crore: ED
The Enforcement Directorate's annual report reveals that legal challenges and manpower shortages are hindering the confirmation of attached assets under the PMLA. Litigation over quorum issues and the 180-day time limit during COVID-19 have led to stay orders on assets worth thousands of crores. Despite a high conviction rate, the agency faces resource constraints in handling a growing caseload.
National Herald case: Delhi court issues notice to Congress' Sonia Gandhi, Rahul Gandhi
Delhi's Rouse Avenue Court has issued a notice to Congress leaders Rahul Gandhi and Sonia Gandhi regarding the National Herald money laundering case. This follows a previous refusal by the court to issue any notice in the matter. The Enforcement Directorate (ED) had argued for the notice, but the judge initially wanted to ensure all documents were complete before proceeding.
ED to speed up PMLA, FEMA cases; focus on fugitive assets, says director
On the restitution of proceeds of crime, Rs 15,261 crore was restituted in 30 cases during FY 2024-25 with court approval, a process expected to accelerate. The ED has 1,739 cases under trial as of March 31, following the filing of 333 prosecution complaints last year. Under FEOA, applications have been filed against 24 individuals, with 14 declared fugitive economic offenders, leading to the confiscation of over Rs 900 crore in assets.
AgustaWestland: ED opposes middleman Christian Michel's plea to modify bail conditions
The Enforcement Directorate has contested Christian Michel James' plea in the Delhi High Court, opposing modifications to his bail conditions in the AgustaWestland money laundering case. The ED has argued that as a foreign national with no strong ties to India, ensuring James' presence would be difficult if the surety condition is relaxed.
PMLA action picked momentum after 2014; conviction rate over 93 pc: ED director Rahul Navin
Enforcement Directorate (ED) Director Rahul Navin said that over 1700 money laundering cases are under trial, attributing delays to the broader issues within the Indian justice system. Despite these delays, the ED boasts a conviction rate of 93.6 per cent. The agency aims to expedite pending investigations by leveraging advanced technology and forensics.
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Delhi Court grants interim protection to Gensol's Puneet Jaggi, orders 7-day notice before arrest
A Delhi Court has granted interim protection to Puneet Jaggi, promoter of Gensol Engineering Ltd., directing the Delhi Police to serve a seven-day prior notice in case it decides to arrest him in connection with alleged economic offences currently under enquiry.
India queries Apple, Xiaomi in ecommerce probe of Amazon, Flipkart, sources say
India's Enforcement Directorate agency, which probes economic crimes, has been investigating Amazon and Flipkart for years for allegedly breaching laws by stocking and exerting control over goods they list online. Indian laws prohibit foreign ecommerce companies from doing so as the platforms can only operate a marketplace to connect buyers and sellers.
Court accepts ED closure report in CWG scam case
A local court has approved the Enforcement Directorate's (ED) closure report in a money laundering case connected to the 2010 Commonwealth Games scandal, which involved former IAS officer Vijay Kumar Gautam. The ED's investigation stemmed from a CBI FIR that also implicated Suresh Kalmadi and others.
Karnataka HC stays proceedings against Amnesty India
The Karnataka High Court has put a hold on the money laundering case against Amnesty International India and its former director, Aakar Patel, until the next hearing. This decision follows allegations by the Enforcement Directorate that Amnesty circumvented FCRA regulations by receiving funds via the FDI route after its FCRA permission was revoked. Amnesty India denies any wrongdoing.
ED conducts search and seizure actions at 11 premises belonging to different liquor contractors
The Enforcement Directorate (ED) is conducting searches at 11 premises in Madhya Pradesh related to liquor contractors accused of causing a significant loss to government revenue through forged treasury challans. Contractors allegedly manipulated challans to unlawfully obtain No Objection Certificates for liquor acquisition.
FIITJEE under lens as coaching company's officials face lookout circulars over financial irregularities
Lookout circulars have been issued against FIITJEE officials amid a financial irregularities probe, triggered by numerous complaints of misconduct and operational issues. Police are scrutinizing company documents and bank transactions to uncover potential misuse of funds.
Tackling cyber frauds: Finance Ministry includes I4C under PMLA for information sharing
To combat cyber fraud and trace money trails, the Indian Cyber Crime Coordination Centre (I4C) is now authorized to exchange information with the Enforcement Directorate under the PMLA. This collaboration aims to identify masterminds behind transnational cybercrimes perpetrated through deceptive online methods. The public is urged to report cyber fraud incidents through the National Cybercrime Reporting Portal.
Indian Cybercrime Coordination Centre empowered under PMLA
The Centre has empowered the Indian Cybercrime Coordination Centre (I4C) under the PMLA, enabling it to receive and share information to combat money laundering linked to cybercrime. This move aims to strengthen enforcement against financial transactions related to online frauds and support the Enforcement Directorate in tackling transnational cybercrimes.
Illegal coal mining case: ED raids multiple locations in Assam and Meghalaya under PMLA
Enforcement Directorate searched locations in Assam and Meghalaya. The searches relate to illegal coal mining and coke plants. The investigation revealed illegal rat-hole mining despite a ban. A syndicate ensured illegal coal crossed state borders. They used fake papers to show legally mined coal. The syndicate charged high commissions. Illegally mined coal was stored in depots and transported to industries.
Ex-Rajasthan minister Mahesh Joshi sent to 4-day ED custody in money laundering case
The Enforcement Directorate arrested former Rajasthan minister Mahesh Joshi in connection with the Jal Jeevan Mission scam case. A Jaipur court granted the ED four days of custody. Joshi is accused of receiving undue benefits from contractors in exchange for granting tenders and covering up irregularities related to the JJM works, as revealed by the ED investigation.
National Herald case: Delhi court refuses to issue notice to Sonia Gandhi, Rahul Gandhi
A Delhi court has declined to immediately issue notices to Congress leaders Sonia Gandhi and Rahul Gandhi in the National Herald money laundering case. The Enforcement Directorate (ED) requested the court to issue the notices, citing new legal provisions requiring accused parties to be heard before cognisance of the chargesheet is taken.
ED searches premises linked to Gensol, quizzes Puneet Jaggi
The Enforcement Directorate (ED) has launched searches related to Gensol Engineering, questioning co-founder Puneet Singh Jaggi over alleged forex violations stemming from a SEBI order. SEBI had previously banned Gensol's promoters, Anmol and Puneet Jaggi, from capital markets for suspected fund diversion and document falsification.
ED arrests former Rajasthan minister Mahesh Joshi in money laundering case
The Enforcement Directorate (ED) has arrested Congress leader and former Rajasthan minister Mahesh Joshi in connection with a money laundering case. The case is related to alleged irregularities in the Jal Jeevan Mission scheme. Joshi's arrest under the PMLA follows an FIR filed by Rajasthan's Anti-Corruption Bureau (ACB) concerning the scheme's implementation by the Public Health Engineering Department.
ED conducts searches in Delhi-NCR in money laundering case against FIITJEE
The Enforcement Directorate conducted raids across Delhi-NCR on Thursday, targeting FIITJEE coaching institute in connection with a money laundering investigation. This action follows FIRs filed by parents alleging sudden center closures without refunds, leaving students who had paid substantial fees for coaching for competitive exams in a difficult situation. The searches encompass locations linked to the institute's promoters.
ED attaches fresh assets worth over Rs 1,500 crore in Sahara case
The Enforcement Directorate has attached over Rs 1,500 crore in assets belonging to the Sahara Group as part of a money-laundering investigation. The agency's provisional order under PMLA involves 1,023 acres of land in 16 cities, purchased through "benami" transactions using funds diverted from Sahara entities.
Attached assets worth over Rs 600 crore in 3 West Bengal recruitment 'scams': ED
The Enforcement Directorate has attached assets worth over Rs 609 crore related to three West Bengal teacher recruitment scams. This includes Rs 56.50 crore in properties linked to Prasanna Kumar Roy in the School Service Commission case. The action follows the Supreme Court's order to terminate over 25,000 teachers due to irregularities.
Madras HC dismisses pleas by TASMAC against ED's raid on its premises
The Madras High Court has dismissed petitions from TASMAC and the Tamil Nadu government challenging ED raids on the state-run liquor retailer in March. The court directed the Enforcement Directorate to proceed with actions under the PMLA, citing serious financial fraud involving distilleries and bottling entities. TASMAC's plea to prevent employee harassment and claims of federalism violation were rejected.
ED informs Delhi court about UK judge's order denying Sanjay Bhandari's extradition to India
The Enforcement Directorate informed a Delhi court about the dismissal of its appeal against a UK court order denying arms dealer Sanjay Bhandari's extradition to India in a money laundering case. Bhandari's counsel opposed ED's plea to declare him a fugitive, citing his legal stay in the UK after the extradition denial.
ED may probe Gensol Engineering under anti-money laundering law
The Enforcement Directorate (ED) is poised to investigate Gensol Engineering Ltd's promoters for alleged fund diversion and financial misconduct, following a SEBI report detailing violations and misuse of loan funds. The ED has also frozen additional shares linked to the Mahadev betting app scam, tracing them to a Dubai-based hawala operator.
Telugu superstar Mahesh Babu summoned by ED in real estate case. Sai Surya Developers case explained
Insider reports from within the Enforcement Directorate (ED) suggest that actor Mahesh Babu is allegedly linked to promotional campaigns for Sai Surya Developers and the Surana Group—two companies currently under investigation in a major money laundering case. Authorities suspect that the popular Telugu star received payments amounting to Rs 5.9 crore in exchange for endorsing Sai Surya Developers’ projects.
ED lens on Jaggi brothers; Flipkart begins India shift
Happy Tuesday! After a Sebi probe, Gensol Engineering is now on the Enforcement Directorate’s radar. This and more in today’s ETtech Morning Dispatch.
Mahadev betting case: ED freezes securities, bonds, DEMAT accounts worth over Rs 573 crore
The Enforcement Directorate (ED) conducted multi-city raids in the Mahadev Online Book Betting APP case, seizing ?3.29 Crore in cash and freezing assets worth ?573 Crore. Investigations revealed that the betting platform laundered proceeds of crime through benami accounts, investing in the Indian stock market via foreign FPIs to manipulate SME sector securities.
In 'traitor' jibe at Rahul Gandhi, BJP says his remarks against EC shows frustration over ED action
The BJP on Monday accused Congress leader Rahul Gandhi of being a “traitor” after he criticised the Election Commission during a US visit, alleging it was compromised during the Maharashtra polls. BJP spokesperson Sambit Patra claimed Gandhi was targeting the poll body due to the Enforcement Directorate’s action in the National Herald case.
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