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 : Explore the Enforcement Directorate's role under PMLA, 2002, its procedural aspects, and major Supreme Court rulings. Understand i...
Corporate Law : Explore 45 FAQs on EDs search, investigation, seizure, and arrest processes, including recent proceedings against high-profile fig...
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, ...
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...
Income Tax : The tribunal ruled that buying property through a court-supervised auction does not shield a transaction from benami law. Where th...
Fema / RBI : The SAFEMA Appellate Tribunal held that property attachment under PMLA requires prima facie proof of a money trail. Mere suspicion...
Fema / RBI : The Tribunal held that holding and operating a foreign bank account without RBI approval is a continuing contravention under FEMA....
Corporate Law : Enforcement Directorate issues directive on summoning legal practitioners, emphasizing compliance with Section 132 of the Bharatiy...
As per ED, Vivo deployed the technique of tax-loss harvesting by creating multiple shell/ dormant companies which were used to transfer its revenue domestically and further back-tracked them to China causing loss to Indian exchequer. It was also alleged that the officials at Vivo did not cooperate with ED.
ED has conducted searches at 8 locations in Sikkim, Kolkata, Delhi and Mumbai in the Sikkim MCX Fraud case. A total amount of Rs 4.65 Crore was frozen from the bank accounts of brokers that corresponded to the undue gain availed by such brokers by illegally availing Stamp Duty Exemption Directorate of Enforcement Department of […]
The Adjudicating Authority of ED has adjudicated a SCN issued to M/s Amnesty India International Pvt. Ltd.(AIIPL) and its CEO Shri Aakar Patel for contravention of the provisions of FEMA and imposed penalty of Rs. 51.72 Crore and Rs 10 Crore respectively. Enforcement Directorate Press Release 08.07.2022 The Adjudicating Authority of Directorate of Enforcement (ED) […]
ED has carried out searches at 48 locations across the country belonging to VIVO Mobiles India Private Limited and its 23 associated companies under PMLA, 2002. So far, 119 bank accounts with gross balance of Rs. 465 Crore including FDs of 66 Crore of Vivo India, 2kg gold bars, and Rs. 73 Lakh cash have been seized.
ED has provisionally attached Rs. 86.65 Crore lying in various bank accounts and payment gateway accounts pertaining to NBFCs namely M/s Kudos Finance and Investments Private Limited and others under PMLA, 2002 in the Loan App case Press Release 04.07.2022 Directorate of Enforcement (ED) has provisionally attached 16 immovable properties held in the name of […]
ED has provisionally attached 16 immovable properties worth Rs. 137.60 Crore, in the case of Dreamz Infra India Ltd. and others, under PMLA, 2002 Press Release 04.07.2022 Directorate of Enforcement (ED) has provisionally attached 16 immovable properties held in the name of Dreamz Infra India Ltd., TGS Constructions Pvt. Ltd., Disha Choudhary, MD of Dreamz […]
The allegations that the statement of the officials of Xiaomi India was taken under coercion by ED is untrue and baseless. The officials of the Xiaomi India deposed their statements before ED under FEMA voluntarily in the most conducive environment on various occasions.
ED has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited lying in the bank accounts under the provisions of Foreign Exchange Management Act, 1999 in connection with the illegal outward remittances made by the company Directorate of Enforcement (ED) has seized Rs.5551.27 Crore of M/s Xiaomi Technology India Private Limited under the provisions […]
ED has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under PMLA, 2002 in the case of Sukesh Chandrasekh Enforcement Directorate (ED) has provisionally attached assets amounting to Rs. 7.27 Crore including Fixed deposits worth Rs. 7.12 Crore of Jacqueline Fernandez under Prevention of Money […]
