Money Laundering

Timelines
FATF Paris Plenary: Pakistan remains on grey-list; Turkey backs Islamabad

24 Oct 2020

FATF Paris Plenary: Pakistan remains on grey-list; Turkey backs Islamabad

The Financial Action Task Force (FATF) has decided to keep Pakistan on its grey list after the country failed to fully comply with a 27-point action plan given to it.

FinCEN files: All you need to know about the leak

21 Sep 2020

FinCEN files: All you need to know about the leak

Several Indian banks helped facilitate transactions red-flagged by the United States Treasury Department's Financial Crimes Enforcement Network (FinCEN) for suspected money laundering, terrorism, drug dealing, and financial fraud, a major leak of top-secret documents has revealed.

ED summons Anil Ambani over Yes Bank money laundering probe

16 Mar 2020

ED summons Anil Ambani over Yes Bank money laundering probe

Reliance Group Chairperson Anil Ambani was on Monday summoned by the Enforcement Directorate in connection with its money laundering case against Yes Bank founder Rana Kapoor.

Yes Bank founder Rana Kapoor arrested by ED under PMLA

08 Mar 2020

Yes Bank founder Rana Kapoor arrested by ED under PMLA

The Enforcement Directorate (ED) arrested the founder of crisis-hit Yes Bank, Rana Kapoor, in the wee hours of Sunday.

Jet Airways founder booked for money laundering; ED raids home

05 Mar 2020

Jet Airways founder booked for money laundering; ED raids home

The Enforcement Directorate (ED) on Wednesday night raided the home of Jet Airways founder and former Chairperson, Naresh Goyal, after it booked him in a case of money laundering.

Pakistan to remain in FATF 'grey list' till February 2020

18 Oct 2019

Pakistan to remain in FATF 'grey list' till February 2020

After speculations over its black-listing, Pakistan will now remain in the "grey list" of the global terror funding watchdog Financial Action Task Force (FATF), until a new deadline of February 2020.

Exiled former Maldives President makes dramatic comeback with landslide win

07 Apr 2019

Exiled former Maldives President makes dramatic comeback with landslide win

The exiled former leader of the Maldives has led his party to a landslide victory only five months after returning to the country, preliminary results showed on Sunday.

Is Robert Vadra joining politics? His Facebook post gives clue

24 Feb 2019

Is Robert Vadra joining politics? His Facebook post gives clue

A month after Priyanka Gandhi joined active politics and was appointed Congress' in-charge of Uttar Pradesh East, it appears that her husband, Robert Vadra, is also eyeing an entry into politics.

Robert Vadra questioned for 'links' to arms dealer, London properties

07 Feb 2019

Robert Vadra questioned for 'links' to arms dealer, London properties

On Wednesday, the Enforcement Directorate (ED) questioned businessman Robert Vadra for over five hours in connection with an alleged money laundering case related to properties in the UK.

Enforcement Directorate raids Robert Vadra's offices in Delhi

07 Dec 2018

Enforcement Directorate raids Robert Vadra's offices in Delhi

The offices of former Congress chief Sonia Gandhi's son-in-law, Robert Vadra, were today raided by the Enforcement Directorate (ED) at multiple locations in Delhi.

Over PKR 10,000cr laundered through fake bank-accounts: Pak SC informed

23 Oct 2018

Over PKR 10,000cr laundered through fake bank-accounts: Pak SC informed

An amount of over PKR 10,000 crore was laundered allegedly through fake bank accounts, mostly of poor people, the Joint Investigation Team (JIT) probing the scam has informed the Pakistan Supreme Court, a report said.

Pakistan: FIA summons autorickshaw driver over PKR 300cr-worth transactions

14 Oct 2018

Pakistan: FIA summons autorickshaw driver over PKR 300cr-worth transactions

Muhammad Rasheed, an autorickshaw driver, got the scare of his life when he received a call from Pakistan's Federal Investigating Agency (FIA) which sought an explanation from him about a whopping PKR 300cr-worth of transactions made to his account.

INX Media case: ED attaches Chidambaram's assets worth Rs. 54cr

11 Oct 2018

INX Media case: ED attaches Chidambaram's assets worth Rs. 54cr

According to news agency PTI, the Enforcement Directorate (ED) has attached assets worth Rs. 54cr from Karti Chidambaram, both in India and abroad, in connection with the INX Media case.

Pakistan: FATF team to examine steps taken against terror financing

09 Oct 2018

Pakistan: FATF team to examine steps taken against terror financing

A second team of the Financial Action Task Force (FATF) is in Pakistan to hold meetings with top officials to discuss the measures taken by the country to counter terror financing after it was added in the 'grey list' for providing monetary assistance to terrorists.

TN: ED raids 9 places in Rs. 90cr bank fraud

08 Sep 2018

TN: ED raids 9 places in Rs. 90cr bank fraud

The Enforcement Directorate (ED) on Saturday conducted searches at nine locations in Tamil Nadu in connection with an alleged Rs. 90 crore bank loan fraud money laundering case, officials said.

US: Indian-origin people among 15 indicted in massive call-center scam

08 Sep 2018

US: Indian-origin people among 15 indicted in massive call-center scam

As many as 15 people, including Indian-origin, and five India-based businesses were indicted yesterday in the multimillion-dollar call center scam which defrauded thousands of US citizens of hundreds of millions of dollars.

Mehul Choksi's properties are money laundering assets: PMLA Authority

02 Sep 2018

Mehul Choksi's properties are money laundering assets: PMLA Authority

A designated PMLA authority has held that 41 properties worth about Rs. 1,210 crore, attached by the Enforcement Directorate (ED) in the name of absconding diamond jeweler Mehul Choksi and his associated firms, are money laundering assets.

Malaysia: Najib pleads not guilty to new money laundering charges

08 Aug 2018

Malaysia: Najib pleads not guilty to new money laundering charges

Former Malaysian PM Najib Razak today pleaded not guilty to three new money-laundering charges related to the alleged multibillion-dollar looting of a state investment fund.

Malaysian ex-PM Razak hit with new charges over multi-billion-dollar scandal

08 Aug 2018

Malaysian ex-PM Razak hit with new charges over multi-billion-dollar scandal

Malaysia's former Prime Minister Najib Razak was hit with new charges today linked to a multi-billion-dollar financial scandal that contributed to his shock election defeat in May.

Mumbai: Rs. 2,000cr money-laundering racket busted at Bharat Diamond Bourse

13 Jul 2018

Mumbai: Rs. 2,000cr money-laundering racket busted at Bharat Diamond Bourse

The Directorate of Revenue Intelligence (DRI) has busted a Rs. 2,000 crore money laundering racket at the Bharat Diamond Bourse (BDB) in Mumbai and arrested four people.

Have become 'poster-boy' of bank default, lightning-rod of public-anger: Mallya

26 Jun 2018

Have become 'poster-boy' of bank default, lightning-rod of public-anger: Mallya

Fugitive liquor-baron Vijay Mallya, who is wanted in India over loan default, said he has become the "Poster Boy" of bank default and lightning-rod of public anger.

Pakistanis transferred $15 billion abroad in FY 2016-17, says report

23 Jun 2018

Pakistanis transferred $15 billion abroad in FY 2016-17, says report

A staggering amount of $15.253 billion was transferred abroad by Pakistani citizens through normal banking channels during the financial year 2016-17, says a media report.

ED seeks fugitive-tag for Mallya; moves court to confiscate Rs.12,500cr-assets

22 Jun 2018

ED seeks fugitive-tag for Mallya; moves court to confiscate Rs.12,500cr-assets

Enforcement Directorate (ED) on Friday filed the first case under "Fugitive Economic Offender Ordinance" to declare Vijay Mallya a fugitive offender and to confiscate his assets worth Rs. 12,500cr (including movable and immovable properties).

Sameer Bhujbal seeks interim bail in money laundering case

15 May 2018

Sameer Bhujbal seeks interim bail in money laundering case

Senior NCP leader Chhagan Bhujbal's nephew Sameer Bhujbal today pleaded a Bombay HC bench headed by Justice VL Achilya to grant him interim bail in a money laundering case citing his uncle's case, who was given relief on May 4.

INX money-laundering: Karti gets bail after 13-days in Tihar Jail

23 Mar 2018

INX money-laundering: Karti gets bail after 13-days in Tihar Jail

Karti Chidambaram, son of former Finance Minister P Chidamabaram, is out on bail in the INX money laundering case after 13 days in Tihar Jail.

CBI seeks judicial custody while Karti wants separate prison cell

12 Mar 2018

CBI seeks judicial custody while Karti wants separate prison cell

The CBI produced Karti Chidambaram in court today after his three-day police custody expired, and has now sought 15-day judicial custody, saying he remained "evasive" and "non-cooperative" during interrogation.

Delhi HC grants Karti Chidambaram temporary relief from arrest

09 Mar 2018

Delhi HC grants Karti Chidambaram temporary relief from arrest

In some relief for Karti Chidambaram, son of former finance minister P Chidambaram and an accused in the INX money-laundering case, the Delhi HC has refrained the ED from arresting him till March 20.

INX case: SC refuses Karti Chidambaram protection from arrest

06 Mar 2018

INX case: SC refuses Karti Chidambaram protection from arrest

The SC has refused to grant interim protection from arrest by the Enforcement Directorate (ED) to Karti Chidambaram in the INX money laundering case.

Bengaluru: Woman kidnaps mother, gets her declared 'insane' for property

05 Mar 2018

Bengaluru: Woman kidnaps mother, gets her declared 'insane' for property

A man filed a petition in the Karnataka high court stating that his aunt, who has been missing since February 5, has been abducted by her daughter and kept at a mental hospital forcibly.

Misa Bharti and husband get bail in money laundering case

05 Mar 2018

Misa Bharti and husband get bail in money laundering case

Misa Bharti and her husband Shailesh Kumar, the daughter and son-in-law of RJD chief Lalu Prasad, have been granted bail in a money laundering case.

INX money-laundering: Karti paid Rs. 1.8cr to influential political leader

05 Mar 2018

INX money-laundering: Karti paid Rs. 1.8cr to influential political leader

ED has claimed that Karti Chidambaram, under investigation in the INX money laundering case, paid a senior political leader Rs. 1.8cr in five instalments in over 3.5 years.

INX-case: Karti to be confronted with the Mukerjeas in Mumbai

04 Mar 2018

INX-case: Karti to be confronted with the Mukerjeas in Mumbai

The CBI has taken Karti Chidambaram, son of former finance minister P Chidambaram, to Mumbai for questioning in the INX money laundering case.

PNB Scam: Non-bailable arrest warrants issued for Modi and Choksi

03 Mar 2018

PNB Scam: Non-bailable arrest warrants issued for Modi and Choksi

A special court, set up under the Prevention of Money Laundering Act, has issued non-bailable arrest warrants for diamond traders Nirav Modi and Mehul Choksi in the alleged Rs. 12,650 crore Punjab National Bank scam.

Karti Chidambaram, in CBI custody, wants food from Zomato, Swiggy

02 Mar 2018

Karti Chidambaram, in CBI custody, wants food from Zomato, Swiggy

Karti Chidambaram, the son of former finance minister P Chidambaram, who is under a five-day CBI custody since Thursday for his involvement in the INX money laundering case, has been reportedly throwing his weight around.

INX money-laundering: CBI seeks 14-day custody to grill Karti Chidambaram

01 Mar 2018

INX money-laundering: CBI seeks 14-day custody to grill Karti Chidambaram

The CBI has sought 14-day custody of Karti Chidambaram, son of former finance minister P Chidambaram, in the INX money laundering case.

Karti Chidambaram arrested in INX money laundering case

28 Feb 2018

Karti Chidambaram arrested in INX money laundering case

The CBI arrested Karti Chidambaram from the Chennai airport this morning in the INX money laundering case.

International anti-money-laundering body to put Pakistan on grey-list for terror-financing

23 Feb 2018

International anti-money-laundering body to put Pakistan on grey-list for terror-financing

The global anti-money laundering watchdog, the Financial Action Task Force (FATF), is reportedly going to put Pakistan back on its grey list of nations that fail to prevent terror-financing and money laundering.

Black money: Purchases above Rs. 6L will soon be flagged

18 Jan 2018

Black money: Purchases above Rs. 6L will soon be flagged

Soon, any purchase you make costing over Rs. 6L will have to be reported to the Financial Intelligence Unit.

ED files second chargesheet against Lalu's daughter

06 Jan 2018

ED files second chargesheet against Lalu's daughter

The Enforcement Directorate (ED) on Saturday filed a second chargesheet in a Delhi court against the former Bihar CM Lalu Prasad Yadav's daughter, Misa Bharti in a money laundering act case .

In this English village, 'criminal' Vijay Mallya is an 'asset'

04 Dec 2017

In this English village, 'criminal' Vijay Mallya is an 'asset'

Vijay Mallya might be a wanted criminal in India, but apparently in the little village of Tewin, England, he is an "asset".