Page 15 - Enforcement Directorate

Court allows Rana Kapoor's lawyer to be present during ED's probe

A special court here on Tuesday allowed Yes Bank co-founder Rana Kapoor's lawyer to remain present during the recording of Kapoor's statement by the ED in a case related to the Avantha group.

ED submits charges against Chanda Kochhar, other in money laundering case

The ED submitted draft charges against former ICICI Bank CEO Chanda Kochhar, her businessman-husband and other accused in a special PMLA court here in connection with a money laundering case.

ED suspects FEMA violations, seeks details of fund source, assets

The ED sought information under Section 37 of the Foreign Exchange Management Act (FEMA), which is typically invoked to obtain primary details for initiating a probe

ED officer Rajeshwar Singh applies for retirement; may contest UP polls

ED officer Rajeshwar Singh has applied for retirement from government service and is expected to join the BJP and contest the forthcoming Uttar Pradesh Assembly polls, official sources said on Friday

Consistent trend to run parallel admin by filing petitions: Centre to SC

The Centre Tuesday defended in the Supreme Court the decision on retrospective change in the 2018 appointment order of Sanjay Kumar Mishra as Director of Enforcement Directorate (ED)

ED again summons ex-Maharashtra HM Anil Deshmukh for questioning

Enforcement Directorate has once again summoned Deshmukh for questioning in connection with the money laundering probe into the alleged misuse of office and bribery allegation case

SC refuses to grant interim relief to ex-Maharashtra minister Anil Deshmukh

A three-judge bench headed by Justice A M Khanwilkar said Desmukh is at liberty to access remedies available to him under the law

HC asks ED to respond to Avantha Group promoter's plea challenging arrest

The Delhi High Court Monday asked the Enforcement Directorate (ED) to respond to a plea by Avantha Group promoter Gautam Thapar, arrested in connection with a Rs 500-crore money laundering case

ED arrests CA in Rs 3,269 cr Shakti Bhog bank fraud PMLA case

Raman Bhuraria was arrested on Friday for his "assistance and complicity" in the alleged fraud.

Coal scam: SC permits IRS officer of ED to join parent cadre in CBIC

SC permitted repatriation of an IRS officer, who was part of Enforcement Directorate probing money laundering aspect of coal scam cases, to his parent cadre in CBIC

Pinarayi Vijayan gets shocker as Kerala HC stays probe against ED

In April, Vijayan suffered a setback after the Kerala High Court quashed the two FIRs registered against Enforcement Directorate officials by the Crime Branch unit of Kerala police

ED raids Nagpur hotel over alleged corruption against Anil Deshmukh

The Enforcement Directorate (ED) on Saturday conducted searches at a Nagpur hotel as part of its investigation in a case of alleged corruption against former Maharashtra Home Minister Anil Deshmukh

ED raids ex-Karnataka minister Baig, Cong MLA in money laundering case

ED conducted searches against former Karnataka minister R Roshan Baig and a Congress MLA in connection with a money laundering investigation into the alleged Rs 4,000 IMA ponzi scam, officials said

In compliance with Indian laws, will cooperate with ED on notice: Flipkart

Flipkart on Thursday said the company is in compliance with Indian laws, including FDI regulations, and will cooperate with the Enforcement Directorate on the notice sent to the e-commerce major.

Top headlines: Flipkart gets ED notice, Maruti hits chip roadblock

Business Standard brings you the top headlines on Thursday

ED slaps Rs 10,600-crore notice on Flipkart for forex violations

The probe reflects discrepancies in Flipkart's structuring operations, according to the official

Delhi court sends Avantha promoter Gautam Thapar to one-day ED custody

A Delhi court on Wednesday sent Avantha Group promoter Gautam Thapar to one-day custody of the Enforcement Directorate in connection with a Rs 500 crore money laundering case. Thapar was arrested on Tuesday night after the agency carried out raids against him and his linked businesses in Delhi and Mumbai. The agency told Special Judge Sanjeev Aggarwal in a hearing held through video conferencing that investigation revealed that around Rs 500 crore worth proceeds of crime were laundered through Oyster Buildwell Pvt Ltd (OBPL), Jhabua Power Limited (JPL), Jhabua Power Investment Ltd. (JPIL), Avantha Power & Infrastructure Ltd (APIL), Avantha Realty Ltd. (ARL) etc. which were being controlled and beneficially owned directly or indirectly by Thapar. The probe revealed that sham agreements were made by these entities to fraudulently obtain huge amount running into more than 500 Crores from Yes Bank and further by different modes of layering the tainted amount was laundered and the loan

Explained: How Avantha's Gautam Thapar lost control of his companies

Avantha Group fell prey to its ambitious inorganic growth and diversification

Money laundering case: ED arrests Avantha Group's Gautam Thapar

The agency arrested him following searches at 14 locations, including Mumbai and Delhi.

Money laundering case: Anil Deshmukh skips ED summons again

Former Maharashtra home minister Anil Deshmukh failed to appear before the Enforcement Directorate (ED) on Monday again in connection with its probe into a money laundering case, an ED official said.