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Farooq Abdullah’s properties at Jammu-Srinagar seized by ED

Jammu, Dec 19: The Enforcement Directorate has seized properties of National Conference president and former J&K CM and former Union Minister, Dr Farooq Abdullah, including his residential house at Gupkar Road in Srinagar and Bathindi in Jammu Cities.

ED files prosecution complaint in bank fraud case at Ahmadabad court

New Delhi, Dec 15 (UNI) Enforcement Directorate (ED) on Tuesday said that it has filed prosecution complaint before the Special PMLA Court at Ahmedabad against Hirak Biotech Ltd and its directors Pratik R Shah and Niketa Baldevbhai Dave under Prevention of Money Laundering Act, 2002 (PMLA) in a loan default case. The Platinum Corporation Ltd, Hirak Biotech Ltd and its directors were involved in the siphoning of bank loan availed from Ahmedabad Peoples Cooperative Bank Ltd and a provisional attachment order was issued on December 8 under PMLA on identification of ‘Proceeds of Crime’ in the form of 16 plots located at Village – Sachana, Taluka Viramgam in Ahmedabad district of worth Rs 10.07 Crore. These attached assets were held in the name of Hirak Biotech Ltd, Ahmedabad.

ED gets 14-day custody of 4 in Ponzi scheme case

New Delhi, Dec 10 (UNI) The Enforcement Directorate (ED) on Thursday said it has got 14-day custody of four persons from the Chennai Court for their involvement in the offence of money laundering under the Prevention of Money Laundering Act (PMLA), 2002 in a case related to collective investment scheme fraud of over Rs 1100 crore.

ED likely to begin money laundering probe in Chinese espionage case...

New Delhi, Sep 21 (UNI) Enforcement Directorate (ED) is likely to begin a money laundering probe into the Chinese espionage case involving arrested freelance journalist Rajeev Sharma to look into the money trail. “As soon as the agency will get a request from the Delhi Police, it will look into the case and after reading the case diary and FIR of the ED officials said adding that based on the assessment of these, the probe agency may register its own case under Prevention of Money Laundering Act (PMLA), they added.
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