Corporate Law : A comprehensive roundup of the latest ED and CBI investigations covering money laundering, corruption, builder-bank nexus, and fin...
Corporate Law : The Court examined whether a predicate FIR is necessary before the ED can act under the PMLA. It held that inquiry proceedings and...
Corporate Law : The report highlights major investigations by CBI, ED, DRI, SFIO, and NIA into NEET paper leaks, bank frauds, betting apps, and te...
Corporate Law : Explains why statements recorded during investigative summons carry evidentiary value and how careful handling can prevent escalat...
Corporate Law : Madras High Court rules ED needs a predicate offense to investigate, preventing arbitrary action and emphasizing adherence to juri...
Corporate Law : Authorities found Dubai property acquisitions by Indian residents routed through hawala, leading to action for violations of FEMA ...
Corporate Law : ED arrests two Chinese nationals for exploiting borrowers through digital loan apps, charging high rates, and extorting money usin...
Corporate Law : Bombay High Court directs Enforcement Directorate to regulate statement recording hours under PMLA, emphasizing same-day examinati...
Corporate Law : ED has frozen ₹6.04 crore linked to the fraudulent TradingFX app, which operated as a Ponzi scheme. Ongoing investigations are u...
Finance : Enforcement Directorate's crackdown on illegal forex trading in Ahmedabad leads to seizures worth ₹242.39 Cr. Two arrests made, ...
Corporate Law : Karnataka HC refused to quash IPC and ED proceedings, holding that disputed facts require trial and Section 482 CrPC cannot be use...
Corporate Law : Kerala HC held that it could not direct parallel investigations when the same FIR was already under consideration before the Karna...
Corporate Law : The Calcutta High Court directed the Enforcement Directorate to question the petitioner in Kolkata instead of Delhi. The Court hel...
Fema / RBI : The Appellate Tribunal under SAFEMA held that attachment under PMLA cannot stand without evidence showing flow of tainted funds. T...
Corporate Law : The Court considered a request to permit limited operation of a frozen account for salary payments. It deferred interim relief and...
Corporate Law : Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiy...
ED has conducted search actions on the 12 entities involved in Part time job fraud case located in Bengaluru and seized Rs. 5.85 Crore so far under PMLA, 2002 Directorate of Enforcement (ED) has conducted search actions on the 12 entities involved in Part time job fraud case located in Bengaluru and seized Rs.5.85 Crore […]
ED has arrested Sanjay Raghunath Aggarwal under PMLA, 2002 in the case of fraudulent GDR (Global Depository Receipt) issue of a Hyderabad based firm M/s Farmax India Ltd. Directorate of Enforcement (ED) has arrested Sanjay Raghunath Aggarwal in connection with an ongoing investigation under PMLA, 2002 initiated on the basis of FIR registered by Telangana […]
Competent Authority appointed under FEMA has confirmed the seizure order of Rs. 5551.27 Crore dated 29.04.2022 passed by the ED against Xiaomi Technology India Private Limited under the provisions of FEMA. Press Release – 30.09.2022 The Competent Authority appointed under Section 37A of the Foreign Exchange Management Act has confirmed the seizure order of Rs. 5551.27 […]
ED has freezed bank account balance to the tune of Rs. 21.14 Crore, of M/s OctaFX and related entities in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website www.octafx.com under FEMA. Press Release – 29.09.2022 Directorate of Enforcement (ED) has freezed Account balance to the tune of Rs. […]
ED has carried out search operation and freezed account balances of Rs. 9.82 Crore of various Chinese controlled entities in respect of an investigation relating to the misuse of App-based token named ‘HPZ’ and other similar applications by several entities. Total freezing in this case now stands at Rs. 56.49 Crore. Press Release – 29.09.2022 Directorate […]
ED has freezed the crypto currencies [WRX (utility token of WazirX) and USDT (Tether, an Ethereum token that is pegged to the value of a U.S. dollar)] equivalent to Rs 47.64 Lakhs under PMLA, 2002, in respect to an investigation being conducted against one Aamir Khan and others relating to the Mobile Gaming Application, namely E-nuggets. […]
ED has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under PMLA, 2002 Press Release – 27.09.2022 Directorate of Enforcement (ED) has conducted searches in 3 premises pertaining to M/s Coda Payments India Pvt Ltd in connection with an ongoing investigation under Prevention of Money […]
Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case Press Release 22.09.2022 Directorate of Enforcement (ED) has attached assets worth Rs. 2747.69 Crore in ABG Shipyard Limited case. The attached assets include Shipyard at Surat and Dahej located in Gujarat, agricultural lands and plots, various commercial and residential premises […]
The HPZ Token was an App-Based Token which promised users of large gains against investment by investing in mining machines for Bitcoin and other cryptocurrencies.
ED has carried out search operations under PMLA, 2002 (on 10.09.2022) at 06 premises in Kolkata, in respect to an investigation relating to the Mobile Gaming Application. Cash amounting to Rs 17.32 Cr has been seized. Press Release 11.09.2022 Directorate of Enforcement (ED) has carried out search operations under the provisions of the Prevention of Money […]
