Enforcement Directorate raids multiple premises in Noida Bike Bot ponzi scam case
The Greater Noida-headquartered Bike Bot taxi service is accused of duping Rs 3,000 to Rs 4,000 crore from 2.25 lakh investors in multiple states including Uttar Pradesh, Madhya Pradesh, Rajasthan and Haryana.
AgustaWestland case: ED, CBI opposes Christian Michel's bail pleas
The investigating agencies, in their written submissions opposing the bail...
ED: Panama firm set up Mirchi Jr’s shell company
Country Property Ltd, set up through Panamanian law firm Mossack Fonseca, has Junaid Memon w...
ED probing if companies used forex operator to route cash after demonetisation
The agency suspects forex violations to the tune of Rs 700 cr through Capstone Forex.
Aircel-Maxis cases: ED, CBI file status report of investigation
The CBI informed that letters rogatory had been sent to Malaysia and the status was awaited. The probe agencies are investigating how Karti Chidambaram, son of Congress leader P Chidambaram, received clearance from the Foreign Investment Promotion Board (FIPB) for the Aircel-Maxis deal in 2006 when his father was the Union finance minister.
Venkataramanan appears before ED in AirAsia probe
Enforcement Directorate is probing an allegation of money laundering against AirAsia Bhd for which India’s former director R Venkataramanan was called for probe. AirAsia BHd's Former CEO Tony Fernandes, Venkataramanan and others are also being investigated by the CBI on charges of criminal conspiracy under the Prevention of Corruption Act.
Enforcement Directorate names JSW Steel in BPSL case
The Enforcement Directorate on Friday filed a charge sheet against former Bhushan Power and Steel Ltd CMD Sanjay Singal and others in a multi-crore money laundering case linked to an alleged bank loan fraud.
Coal scam: SC grants time to Centre to suggest names for special public prosecutor
The bench did not seem to be in agreement with the suggestion of Solicitor General Tushar Mehta, appearing for the Centre, that former Additional Solicitor General Maninder Singh be appointed the special prosecutor to conduct trial in ED cases pertaining to coal scam cases.
Religare fraud: Enforcement Directorate set to file chargesheet
Malvinder Singh and Shivinder Singh, ex promoters of REL were booked & arrested by the agency last year.
Rose Valley scam: ED attaches Rs 70 cr assets of 3 entities
The Enforcement Directorate has attached assets worth over Rs 70 crore of three entities, including a company that owns actor Shah Rukh Khan...
Aviation scam: Court grants bail to Deepak Talwar’s aide
Last week, the Enforcement Directorate had produced an alleged phone recording between Kapoor and an “economic offender” claiming it to be “material information”. The agency, last week, told the Court that they have transcription of phone recorded conversation of Yasmin Kapoor “with one of the person who is economic offender and the same are very much relevant”.
DHFL shares slip 5% as ED alleges Rs 12,773 crore fraud
DHFL CMD had allegedly siphoned off bank money with the help of 79 shadow entities.
PFI, Rehab India officials meet ED to seek more time on PMLA summons
A group of four officials, including a legal representative of the Kerala-based Popular Front of India and Rehab India Foundation, arrived at the Enforcement Directorate (ED) office here around 10:30 am.
DHFL siphoned off Rs 13K cr through 1 lakh fake borrowers: ED
The Wadhawans had allegedly used the Rs 13,000 crore they siphoned to pay the late drug lord Iqbal Mirchi.
ED summons PFI Chairman & six others
According to agency’s probe, Rs 120.5 crores was credited in 73 bank accounts maintained by PFI (27), its related entity namely Rehab India Foundation (9) and certain individuals/entities (37). Agency claims that its investigation has found out that the said amount was withdrawn “on the same day or within two to three days leaving very nominal balance in these bank accounts”.
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