Page 4 - Money Laundering

Abhishek Banerjee, wife moves Delhi HC challenging summons in PMLA case

TMC MP Abhishek Banerjee and his wife Friday approached the Delhi High Court seeking quashing of summons issued to them by the ED for questioning in a money laundering case

VVIP choppers deal accused Rajiv Saxena arrested by Enforcement Directorate

ED has arrested Rajiv Saxena, who is also an accused in the Rs 3,600-crore VVIP choppers deal case, over money-laundering linked to an alleged bank fraud, officials said Monday

Money laundering: HC declines urgent hearing on plea by Deepak Kochhar

The Bombay High Court on Wednesday refused to take up for urgent hearing a plea filed by Deepak Kochhar, businessman and husband of former Chief Executive Officer of ICICI Bank Chanda Kochhar

Indian team backs IBM's Telum chip aimed to stem $30 bn consumer fraud loss

IBM Telum Chip: The team owned a significant portion of the logic design, verification and validation, in addition to the complete physical design of the new dedicated on-chip accelerator

TMC's Abhishek Banerjee questioned for 9 hrs by ED in money laundering case

Abhishek Banerjee, TMC MP and nephew of West Bengal Chief Minister Mamata Banerjee, was questioned for about nine hours by the Enforcement Directorate (ED) here on Monday in a money laundering case

Binance tightens anti-money laundering checks after regulatory pressure

The exchange, whose holding company is registered in the Cayman Islands, has scaled back its product offerings, including leveraged trading and tokens linked to equities

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

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

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.

ED attaches London hotel in Unitech Group money laundering case

An ED official here said that the agency has attached the hotel in London under sections of the Prevention of Money Laundering Act (PMLA)

SC to hear on Aug 3 Deshmukh's plea on coercive action in ED case

Supreme Court said it would hear on August 3 a plea filed by former Maharashtra home minister Anil Deshmukh seeking protection from any coercive action in a money laundering case

ED arrests Ambience group promoter Raj Gehlot in money-laundering case

The ED has arrested Raj Singh Gehlot, promoter of the Ambience group, in a money-laundering case linked to an alleged bank loan fraud of Rs 800 crore, officials said on Thursday

Syndicate Bank fraud case: Enforcement Directorate attaches Rs 5-cr assets

The central probe agency said its investigation in the case was initiated on the basis of an FIR filed by the Bengaluru Police

FATF review of India's anti-money laundering postponed to 2022 due to Covid

An evaluation by FATF to analyse effectiveness of India's anti-money laundering countering terrorist financing regime has been postponed for second time due to Covid pandemic, slated for next year

ED arrests Shakti Bhog CMD in money laundering case linked to bank fraud

ED said it has arrested Kewal Krishan Kumar, chairman and managing director (CMD) of Delhi-based Shakti Bhog Foods Limited, in a money laundering case linked to an alleged multi-crore bank loan fraud

Pakistan establishes anti-money laundering cell to exit FATF's grey list

This is to check financial crimes and illegal transfer of resources as the country struggled to exit from the FATF's grey list.

ED hell-bent on creating adverse impression, prejudices against me:Deshmukh

Anil Deshmukh wrote to ED and alleged that the probe is not transparent and the department is "hell-bent" on creating "adverse impression and prejudices" against him.

Mauritius closer to exiting grey list as FATF sees progress on action plan

Inter-governmental body has now authorised its delegates to visit the island nation for an on-site inspection of the progress made

Malta placed on global money laundering watchdog's grey list for monitoring

A watchdog on the lookout for money laundering and terror financing said Friday it has placed the tiny Mediterranean island nation of Malta on a list for increased monitoring

ED arrests 2 aides of ex-Maharashtra HM Anil Deshmukh in PMLA case

The Enforcement Directorate has arrested two aides of former Maharashtra home minister Anil Deshmukh in a money laundering case against the politician related to a Rs 100 crore bribery charges