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Prevention of Money Laundering Act News

14 Dec 2022

Odisha honeytrap case: ED gets 6 day remand of Archana-Jagabandhu

Sources said that the ED on Tuesday arrested Archana under section 19 of the Prevention of Money Laundering Act However, the court has granted a six-day remand of Archana and nine-day remand of Jagabandhu More than 20 leaders from the ruling BJD and opposition BJP reportedly honey-trapped by Archana Nag

17 Nov 2022

Satyendar Jain money laundering case: Delhi Court rejects bail plea

Enforcement Directorate arrested Jain on May 30th under sections of the Prevention of Money Laundering Act Satyendar Jain amassed assets disproportionate to his known sources of income while serving as a minister in the AAP government of Delhi

Prevention of Money Laundering Act

27 Jul 2022

Supreme Court to deliver verdict on pleas challenging Money Laundering Act

The SC will deliver its judgment on a batch of pleas challenging the various provisions of the PMLA today The verdict is likely to affect a huge number of opposition leaders who are under the scanner of the Central investigating agency The SC said that its judgment on the pleas challenging the provisions of the Prevention of Money Laundering Act is "almost ready"

Enforcement Directorate

26 May 2022

ED raids multiple locations in money laundering probe linked to Anil Parab

Locations in Dapoli, Mumbai and Pune are being searched after the federal agency filed a fresh case. Parab is a three-time Shiv Sena legislator in the Maharashtra legislative council and is the state transport minister.

23 Feb 2022

Banks receive Rs 18,000 crore from Vijay Mallya, Nirav Modi, Mehul Choksi

The top court is hearing a clutch of petitions. Mehta emphasized that the measures against money-laundering have clearly left embryo of drug or terrorism related offences and moved beyond the same.

15 Feb 2022

ED conducts searches in Mumbai, raids Dawood Ibrahim's sister's residence

About ten locations are being covered in Maharashtra's capital city The action is being conducted under sections of the Prevention of Money Laundering Act (PMLA) One person in Mumbai has been detained

Enforcement Directorate

22 Dec 2021

Mobile apps payments fraud case: ED attaches funds worth over Rs 40 crore

The attached money is in the form of bank deposits and an amount held with payment solutions providers. The federal probe agency did not disclose the identity of the accused businessmen. The ED also didn't reveal the name of the payments gateway.

Enforcement Directorate

23 Sep 2021

3,000 kg heroin haul in Mundra Port: ED to take up money laundering probe

Afghan heroin was seized from the Mundra port in the Kutch district around September 15. The estimated value of the seized heroin per kilogram is about Rs 5-7 crore in the international market This is one of the largest consignments ever seized across the globe

Enforcement Directorate

04 Sep 2021

ED searches Kolkata tourism firm's office in connection with huge coal scam

ED officials went to the office located on India Exchange Place in the heart of the city and carried out searches ED is probing the money laundering aspect of the scam

Narada sting case

02 Sep 2021

Narada sting case: ED files prosecution complaint against four TMC leaders

ED filed prosecution complaint against TMC leaders The leaders are accused in Narada sting case

Enforcement Directorate

19 Aug 2021

ED arrests PISL managing director Satish Kumar in Rs 3,316 cr bank fraud case

V Satish Kumar was arrested under the Prevention of Money Laundering Act 2002, with the connivance of his sister Hima Bindu B, MD of VMC Systems Limited, a Hyderabad-based telecom equipment manufacturer.

26 Jun 2021

ED arrests two aides of ex-Maharashtra Home Minister Anil Deshmukh

The two will be produced before a special PMLA court in Mumbai where the ED will seek their custody for custodial interrogation, officials said The Bombay High Court had asked ED to look into the allegations of bribery made against Anil Deshmukh by former Mumbai police commissioner Param Bir Singh

Enforcement Directorate

11 May 2021

ED crackdown on Chinese loan apps, attaches Rs 76.67 crore of 7 companies

ED attaches Rs 76.67 crore of seven loan app companies Many customers who had availed loan faced harassment

Enforcement Directorate

23 Feb 2021

Coal block case: ED attaches properties worth Rs 1.2 cr of Jharkhand company

The Enforcement Directorate initiated an investigation on the basis of FIR registered by CBI and the charge sheet has also been filed by CBI against Jharkhand Ispat Private Limited and its Directors. A Special Court convicted JIPL and its directors along with imposing a fine on them in the CBI case.

20 Dec 2020

PayPal fined Rs 96L as penalty for violating India's anti-money laundering law

The company has also been charged with "defeating and frustrating" the tenets of public interest and the provisions of the PMLA. Calling the contraventions as "deliberate and wilful", the Financial Intelligence Unit in a scathing 27-page order held the company guilty on three broad counts.

Directorate of Enforcement

03 Nov 2020

Delhi court issues non-bailable warrants against 4 accused in a hawala case

Investigation conducted so far under PMLA has revealed that the accused hatched a criminal conspiracy to forge and fabricate documents in order to cause loss to the government exchequer.

Enforcement Directorate

31 Oct 2020

ED seizes Rs 5.99 crore after raids in connection with bank fraud case

ED raided the premises of the True Value Group and M/s Vipul & Manish Associates in connection with a bank fraud case of Ardor Group of Companies. ED initiated an investigation under on the basis of six FIRs registered by CBI, ACB, Gandhinagar and an FIR by CBI, BS&FC, Mumbai. It was alleged that Ardor Group of Companies and its Directors, in connivance with unknown bank officials, had cheated and caused wrongful loss to the consortium of banks amounting to approx Rs 488 crores.

Enforcement Directorate

21 Oct 2020

ED attaches properties worth Rs 11.05 cr in Pisciculture bank loan fraud case

The attached assets belong to accused Nimmagadda Ramakrishna, Nimmagadda Venugopal, VVNK Viswanath and their family members and associates. ED initiated investigations under the provisions of PMLA based on FIR of CBI, BS & FC, Bengaluru, against Nimmagadda Ramakrishna, Managing Director of M/s Venus Aqua Foods Limited and other directors of the company for defrauding Union Bank of India (erstwhile Andhra Bank), Gudivada branch to the tune of Rs 36.97 crore. Further investigation is in progress.

Enforcement Directorate

07 Oct 2020

Kerala gold smuggling case: ED files prosecution complaint against three

During the course of an investigation under PMLA, it was revealed that the above-accused persons have indulged in criminal activities and a huge amount of proceeds of crime have been generated and the accused persons are possessing/concealing/using such proceeds of crime and accordingly, Prosecution Complaint under PMLA has been filed against them for punishing the accused in accordance with the law for the offence of money laundering.

Enforcement Directorate

17 Aug 2020

ED registers PMLA case against Chinese Charlie Peng in Rs 1000 cr Hawala case

He was arrested from Delhi’s Majnu Ka Teela area on the suspicious of Spying on Dalai Lama but later arrested in the charges of Forgery and Passport Act. Police found a fake passport from his possession which was issued on the Manipur address from Guwahati Passport office.

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