10th July 2020
The Ministry of Home Affairs on Wednesday announced it has set up an inter-ministerial committee to probe into alleged violation of various legal provisions by Rajiv Gandhi Foundation, Rajiv Gandhi Charitable Trust and Indira Gandhi Memorial Trust. A Special Director of the Enforcement Directorate (ED) will head the committee. “MHA… Read More
7th July 2020
The Enforcement Directorate has initiated the process of registering another money-laundering case against middleman Sanjay Bhandari and others. It is related to an alleged illegal consultancy agreement with Samsung Engineering Co. Limited (SECL) to help the company get a project worth ₹6,744.32 crore in Gujarat. Last month, in the same… Read More
6th July 2020
Sixty-two countries violated United Nations Security Council sanctions against North Korea over a one-year period, according to a report from a Washington, D.C.-based think tank The Institute for Science and International Security report, released Wednesday, cites over 250 alleged violations from February 2019 to February 2020 based on… Read More
12th June 2020
The Indian businessman Vijay Mallya is understood to have applied for asylum in the UK in order to avoid extradition to India to face allegations of a £1bn fraud at his defunct Kingfisher Airlines. The UK government ordered the multimillionaire’s extradition in February 2019 saying he was “accused in… Read More
10th June 2020
Widening its investigation into the YES Bank fraud case, the Enforcement Directorate (ED) on Monday searched five premises of the promoter, directors, and auditors of outbound travel firm Cox & Kings. This was in connection with the tour operator’s financial dealings with Rana Kapoor, the co-founder of… Read More
5th June 2020
Employees of JP Morgan India Ltd, who were on the board of various Amrapali real estate group companies, “laundered” deposits worth Rs 187 crore of home buyers and “diverted” them to the multi-national financial advisory firm’s entities based in Mauritius and Singapore by undertaking sham transactions and using shell companies,… Read More
4th June 2020
The Enforcement Directorate [ED] has filed a charge sheet against senior Congress leader P Chidambaram and his son Karti Chidambaram in connection with its money laundering probe related in INX Media, people familiar with the development told HT. The chargesheet, they said, was filed on Monday before the… Read More
26th May 2020
YES Bank former managing director (MD) and chief executive officer (CEO) Ravneet Gill told the Enforcement Directorate (ED) that the bank had sanctioned huge amounts of credit to many corporates that were facing significant stress and liquidity issues. An ED chargesheet quoted Gill as saying that the private… Read More
25th May 2020
A federal investigation agency in India said it had preliminary evidence that units of JPMorgan Chase & Co. were involved in crimes generating 1.87 billion rupees ($24 million) in proceeds, raising the stakes in a months-long money laundering probe. The anti-money laundering agency Enforcement Directorate informed the top court… Read More
12th May 2020
On a cold day in March of last year, I found myself standing outside a public latrine in London’s Soho Square, waiting for India’s most-wanted man. He was Nirav Modi, a diamond dealer who for the past 14 months had been on the run from India, accused of having defrauded… Read More