Dec 19, 2024, at 07:05 pm
New Delhi: Fugitive businessman Vijay Mallya on Wednesday said that banks have recovered Rs 14,131.60 crore from him "against the judgement debt of Rs 6203 crore," yet he remains "an economic offender."
Govt to summon Flipkart, Amazon executives over FDI rules violations: Report
Nov 11, 2024, at 10:49 pm
New Delhi/IBNS: The Indian government is set to summon executives from Flipkart and Amazon as part of an expanded investigation into potential violations of foreign investment regulations, according to a report by Reuters.
ED raids multiple locations of top Amazon and Flipkart vendors over alleged FEMA violations: Report
Nov 08, 2024, at 04:44 am
New Delhi: The Enforcement Directorate (ED) carried out multiple searches on Thursday under the Foreign Exchange Management Act (FEMA) at 19 locations in Delhi, Bengaluru, Mumbai, Hyderabad, and Panchkula (Haryana), targetting key vendors of Amazon and Flipkart, Reuters reported.
Religare confirms ED raids on its senior officials
Aug 24, 2024, at 04:03 am
Mumbai: Financial services provider Religare on Friday confirmed that the Enforcement Directorate (ED) had conducted raids at the residences of its senior officials on August 21, 2024, the Economic Times Reported.
May 31, 2024, at 10:06 pm
New Delhi: The Enforcement Directorate (ED) has seized Rs 64,920 crore related to nearly 1,105 bank fraud cases to date, Finance Minister Nirmala Sitharaman reiterated on May 31 in a series of posts on the social media platform X.
ED starts investigation into Paytm Payments Bank after RBI's restrictions on business: Report
Feb 15, 2024, at 04:53 am
Mumbai: The Enforcement Directorate (ED) began its investigation into Paytm Payments Bank on Wednesday, CNBC-TV18 reported citing sources.
Enforcement Directorate confirms issue of show cause notice against Byju's in FEMA violation case
Nov 22, 2023, at 04:49 am
New Delhi: The Enforcement Directorate (ED) Tuesday officially confirmed the issuance of a show cause notice to the edtech firm Think and Learn Private Limited, as well as to Byju Raveendran, in connection with a FEMA violation case.
ED attaches Hero MotoCorp Exec Chairman Pawan Munjal's property worth Rs 25 cr
Nov 11, 2023, at 04:45 am
New Delhi: The Enforcement Directorate Friday said it has confiscated the assets of Hero MotoCorp Executive Chairman Pawan Kant Munjal worth Rs 24.95 crore as part of an ongoing money laundering probe, a media report said.
Bank Fraud case: ED attaches assets worth Rs 70 cr of DHFL promoters Wadhawans
Oct 27, 2023, at 05:58 am
New Delhi: The Enforcement Directorate has attached assets worth over Rs 70 crore belonging to DHFL promoters Kapil and Dheeraj Wadhawan in connection to a money laundering probe linked to an alleged bank loan fraud case, media reported.
ED arrests 4 Vivo execs including 1 Chinese national
Oct 11, 2023, at 02:12 am
New Delhi: The Enforcement Directorate (ED) on Tuesday arrested four executives from the Chinese smartphone manufacturer Vivo, including a Chinese national, reported media.
Anil Ambani questioned by ED in FEMA violation case
Jul 04, 2023, at 01:30 am
Mumbai: Reliance ADA Group Chairman Anil Ambani appeared before the Enforcement Directorate (ED) in Mumbai on Monday, media reports said.
Jun 10, 2023, at 04:13 am
New Delhi: Enforcement Directorate (ED) on Friday issued showcause notices to Chinese mobile manufacturer Xiaomi and three banks for alleged foreign exchange violation of Rs 5,551.27 crore.
Byju's ‘confident’ FEMA rules not violated: Report
May 01, 2023, at 12:36 am
After Saturday’s ED searches, Byju Raveendran, the CEO of educational platform Byju's, in a letter to his employees stated that the company has brought more foreign direct investment (FDI) to India than any other startup and no FEMA rules.
ED searches Byju’s office, residence over alleged FEMA violations
Apr 30, 2023, at 05:21 am
New Delhi: Directorate of Enforcement (ED) conducted searches at three locations-two business and one residential- of Raveendran Byju and his company in Bengaluru over alleged violation of the provisions of Foreign Exchange Management Act (FEMA), the probe agency said on Saturday.
Finance Ministry agencies confiscate immovable properties worth Rs 1.11 trn in 6 years
Mar 23, 2023, at 02:39 am
New Delhi: The enforcement agencies under the Finance Ministry have seized immovable assets worth around Rs 1.11 trillion during the last six years, the ministry informed Parliament.
Feb 18, 2023, at 06:27 am
New Delhi: The Enforcement Directorate (ED) has accused French spirits group Pernod Ricard of illegally making profits in India of $23 million by giving false price information and conspiring in an email campaign to sway New Delhi city's liquor policy, Reuters reported.
Xiaomi's Rs 5,551 seizure by ED upheld by India's top forex authority
Oct 01, 2022, at 03:09 am
New Delhi: The seizure of Chinese phone maker Xiaomi's Rs 5,551 crore by the Enforcement Directorate (ED) for remitting money overseas as royalty has been confirmed by India's foreign exchange authority.
ED arrests ex-NSE CEO Ravi Narain in money laundering case
Sep 07, 2022, at 06:44 am
New Delhi/IBNS: The Enforcement Directorate (ED) Tuesday arrested former National Stock Exchange (NSE) chief executive officer (CEO) Ravi Narain in a money laundering case related to alleged illegal phone tapping and snooping of NSE employees.
Delhi HC allows Chinese phone maker Vivo to use accounts frozen by ED but with a rider
Jul 13, 2022, at 10:18 pm
Delhi: The Delhi High Court on Wednesday allowed Chinese phone maker Vivo to operate its bank accounts in India, frozen by the Enforcement Directorate (ED) in a money laundering case, media reports said.
After Xiaomi, ED raids multiple locations of Chinese phone maker Vivo over money laundering
Jul 05, 2022, at 10:25 pm
The Enforcement Directorate (ED) is raiding multiple offices of Chinese mobile phone manufacturer Vivo and its sister concerns across India over a money laundering case, media reports said.
ED attaches Rs 5,551 cr of Chinese smartphone giant Xiaomi for forex violations
May 01, 2022, at 12:52 am
New Delhi: The Enforcement Directorate (ED) has seized Rs 5,551.27 crore of Xiaomi Technology India Pvt Ltd - a 'wholly-owned subsidiary of China-based Xiaomi group' under the provisions of the Foreign Exchange Management Act (FEMA), 1999.
ED summons former India head of Chinese phone maker Xiaomi: Report
Apr 13, 2022, at 05:40 am
New Delhi: The Enforcement Directorate Tuesday summoned the former India head of China's Xiaomi Corp Manu Kumar Jain to investigate if the company's business practices conformed with Indian foreign exchange laws, Reuters reported citing sources.
ABG Shipyard case: Auditor had settled fund diversion case with Sebi, says report
Feb 24, 2022, at 09:27 pm
The auditor of troubled ABG Shipyard had settled a fund diversion investigation initiated by the Securities and Exchange Board of India (SEBI) by paying a small settlement fee in 2019, media reports said.
ABG Shipyard case: Company directors under CBI's scanner, diverted funds through 38 overseas firms
Feb 24, 2022, at 04:48 am
Directors of ABG Shipyard, which is being investigated by Central agencies for allegedly defrauding a consortium of banks to the tune of Rs 22,482 crore, are under the scanner for their role in diverting money, media reports said.
ED files money laundering case against ABG Shipyard Ltd
Feb 17, 2022, at 07:06 am
The Enforcement Directorate (ED) has registered a criminal case of money laundering against ABG Shipyard Ltd, its former promoters along with others for cheating a consortium of banks of over Rs 22,842 crore, media reports said.
Jan 06, 2022, at 05:29 am
Delhi/IBNS: The Delhi High Court on Wednesday told the Enforcement Directorate (ED) that it cannot force a top Amazon executive, who lives in Mumbai and is a mother of an unvaccinated two-year-old child, to be physically present to answer summons as part of its probe into the Amazon Future Group deal, media reports said.
ED seizes hotel in London in money laundering probe against Unitech Group
Jul 31, 2021, at 03:07 am
Delhi/IBNS: The Enforcement Directorate (ED) has seized a hotel in London worth Rs 58.61 crore in connection with a money laundering case against real estate company Unitech Group and its owners Sanjay Chandra and Ajay Chandra, according to media reports.
CBI files case against DHFL promoters for creating 2.6 lakh fake home loan accounts under PMAY
Mar 26, 2021, at 04:07 am
Mumbai/IBNS: The Central Bureau of Investigation (CBI) has filed another case against DHFL (Dewan Housing Finance Ltd) promoters Kapil Wadhawan and Dheeraj Wadhawan for allegedly creating 2.60 lakh fake home loan accounts under the Pradhan Mantri Aawas Yojana (PMAY), said a media report.
ED attaches assets worth Rs 2.70 cr in Sanket Media money laundering case
Jan 05, 2021, at 06:11 am
New Delhi/UNI: Directorate of Enforcement (ED) on Monday said that it has provisionally attached assets worth Rs 2.70 crore of Sanket Media Pvt Ltd, its Director PVS Sarma in a case related to cheating and forgery under Prevention of Money Laundering Act (PMLA) 2002.
ED files first chargesheet against Kochars, Dhoot in ICICI Bank money laundering case
Nov 05, 2020, at 05:07 am
Mumbai/IBNS: Enforcement directorate (ED) on Wednesday filed its first chargesheet ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar, Videocon International Electronics Ltd, Videocon Industries Ltd, Venugopal Dhoot, Nu Power Renewables Ltd, Supreme Energy Pvt Ltd, said a mint report.