Tag: #Money Laundering

The executives of the Mahira Group stole Rs 100 crore from customers; ED is investigating.

August 1, 2023

GURUGRAM: The directors of the Mahira Group, Samalakha MLA Dharam Singh Chhoker and his sons Sikander Singh and Vikas Chhoker, allegedly stole close to Rs 107.5 crore from roughly 1,500 homeowners in a low-cost housing project in Sector 68, the Enforcement Directorate claimed on Monday. According to the investigation agency, the accused transferred loans to […]

The executives of the Mahira Group stole Rs 100 crore from customers; ED is investigating.more

Shine City properties worth Rs 31 crore have been attached by the Enforcement Directorate.

November 22, 2022

LUCKNOW: On Sunday, the Enforcement Directorate’s Lucknow unit attached real estate company Shine City’s immovable properties worth Rs 31.24 crore in Sultanpur, Jhansi, Pratapgarh, Pindra (Varanasi), Bara (Allahabad), and Bakshi Ka Talab (Lucknow). The ED has attached properties worth Rs 50 crore since the filing of a PMLA case against the owners of Shine City […]

Shine City properties worth Rs 31 crore have been attached by the Enforcement Directorate.more

ED attaches properties of Surya Vinayak Industries of Rs 66 crore under PMLA case.

March 20, 2020

On Thursday, the Enforcement Directorate (ED) said it has attached properties to the tune of Rs 66 crore of many persons implicated in a case involving Surya Vinayak Industries in a Rs 2,206 crore bank scam. The ED, in a report, said that in the case of Surya Vinayak Industries Ltd. and its group companies […]

ED attaches properties of Surya Vinayak Industries of Rs 66 crore under PMLA case.more

Yes Bank founder Rana Kapoor experiences raid in his residence by ED.

March 7, 2020

On Friday, the Enforcement Directorate raided Yes Bank founder Rana Kapoor’s Mumbai residence in connection with an investigation of money laundering against him and others, officials said. They said that the raid was carried out in his residence at Samudra Mahal. Also, the officials said Kapoor is being questioned at his house by the ED […]

Yes Bank founder Rana Kapoor experiences raid in his residence by ED.more

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.

January 29, 2020

Dewan Housing Finance Ltd (DHFL) CMD Kapil Wadhawan, 46 years old, has been arrested and brought before the specified PMLA court by the Enforce Directorate (ED), under the Prevention of Money Laundering Act (PMLA) and held under the custody of the ED until 29 January 2020. The court accepted the Agency’s claim that Wadhawan’s remand […]

Crisis of the DHFL: ED arrests CMD Kapil Wadhawan under money laundering case, suspected to be in contact with Iqbal Mirchi.more

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.

June 24, 2019

By Abhay Shah, Realty Quarter On Thursday, The Enforcement Directorate told a Mumbai court that a subsidiary of the crisis-hit IL&FS Group called as IL&FS Financial Services (IFIN), alone had supposedly laundered more than Rs.5,000 crores of shareholder funds. In a remand application submitted to the special court, the ED asserted that the group was […]

IL&FS Financial Services have laundered Rs 5,000 crores of shareholder funds, ED reports.more