Money Laundering Act

Timelines
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.

Rose Valley case: ED attaches SRK's Kolkata Knight Riders' assets

03 Feb 2020

Rose Valley case: ED attaches SRK's Kolkata Knight Riders' assets

The Enforcement Directorate has attached properties worth over Rs. 70 crore of three firms in the Rose Valley Ponzi Scheme case.

13 cars linked to Nirav Modi to be auctioned soon

03 Nov 2019

13 cars linked to Nirav Modi to be auctioned soon

As many as 13 motor vehicles, including luxury cars, linked to disgraced diamond businessman Nirav Modi are set to be auctioned by the Enforcement Directorate in Mumbai on Thursday, November 7.

Kamal Nath's nephew spent Rs. 8cr in single night: ED

20 Oct 2019

Kamal Nath's nephew spent Rs. 8cr in single night: ED

On Thursday, the Enforcement Directorate filed a charge-sheet against Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case.

DK Shivakumar arrested: Congress cries foul, Yediyurappa "isn't happy"

04 Sep 2019

DK Shivakumar arrested: Congress cries foul, Yediyurappa "isn't happy"

The Enforcement Directorate (ED) on Tuesday night arrested DK Shivakumar, Congress' strongman in Karnataka, in connection to a money laundering case. The agency moved for his arrest after grilling him several times in the last couple of days.

ED summons Congress leader Shivakumar to appear before it

30 Aug 2019

ED summons Congress leader Shivakumar to appear before it

For those who don't know, DK Shivakumar has established himself as the go-to person whenever Congress runs into trouble in Karnataka.

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

20 Aug 2019

MP CM's nephew, Ratul Puri, arrested for Rs. 354cr bank fraud

Ratul Puri, the nephew of Madhya Pradesh Chief Minister Kamal Nath, has been arrested by the Enforcement Directorate in connection with a Rs. 354 crore bank fraud case, despite multiple attempts to evade arrest.

Aadhaar not mandatory for opening bank accounts, mobile connections

13 Jun 2019

Aadhaar not mandatory for opening bank accounts, mobile connections

On Wednesday, the Union Cabinet approved the Aadhaar Amendment Bill which will act as an amendment to the Aadhaar Act 2016, and will replace an earlier ordinance issued in March, 2019.

SC: Mayawati should reimburse Rs. 2,600cr spent on elephant statues

08 Feb 2019

SC: Mayawati should reimburse Rs. 2,600cr spent on elephant statues

On Friday, the Supreme Court said that it was of the view that Bahujan Samaj Party (BSP) chief Mayawati should reimburse the public money that was spent installing statues of herself and BSP's symbol during her tenure as Chief Minister.

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.

#AgustaWestlandScam: Chopper deal 'middleman', Christian Michel, being extradited to India

04 Dec 2018

#AgustaWestlandScam: Chopper deal 'middleman', Christian Michel, being extradited to India

Alleged AgustaWestland chopper scam middleman, Christian James Michel, who is wanted by several Indian investigative agencies, is reportedly being extradited from the United Arab Emirates to India tonight.

PNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata

06 Nov 2018

PNB Scam: Mehul Choksi's associate Deepak Kulkarni arrested in Kolkata

After months, authorities have finally made a break in the Rs. 13,000cr PNB fraud case.

Bank loan fraud case: ED moves court against Sterling Biotech

26 Oct 2018

Bank loan fraud case: ED moves court against Sterling Biotech

The Enforcement Directorate (ED) today moved a special court in New Delhi to get the owners of Gujarat-based Sterling Biotech group, who are charged in an alleged Rs. 8,100 crore bank loan fraud case, declared fugitive economic offenders under a new law, officials said.

ED seizes Nirav Modi's Rs. 255cr-worth assets in Hong Kong

25 Oct 2018

ED seizes Nirav Modi's Rs. 255cr-worth assets in Hong Kong

The Enforcement Directorate (ED) today said it has attached valuables and jewelry worth Rs. 255 crore in Hong Kong of diamond jeweler Nirav Modi in connection with the alleged $2 billion fraud in Punjab National Bank (PNB).

PNB Fraud: ED attaches Rs. 218.46cr-worth assets of Choksi, others

17 Oct 2018

PNB Fraud: ED attaches Rs. 218.46cr-worth assets of Choksi, others

The Enforcement Directorate (ED) on Wednesday seized assets worth over Rs. 218 crore in the nearly Rs. 13,000 crore loan fraud case probe, officials said.

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.

#PNBScam: Choksi gets time to reply to ED plea

27 Sep 2018

#PNBScam: Choksi gets time to reply to ED plea

A special court yesterday gave diamond jeweler Mehul Choksi, a key accused in PNB bank fraud case, time till October 30 to file his reply to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under Fugitive Economic Offenders Act.

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.

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.

Vijay Mallya 'ready' to return to India and face law

25 Jul 2018

Vijay Mallya 'ready' to return to India and face law

Vijay Mallya, who is the key accused in Rs. 9,000 crore bank fraud, is ready to come to India to face the law, a report suggests.

ED files charge sheet against ex-HP CM Virbhadra's son

21 Jul 2018

ED files charge sheet against ex-HP CM Virbhadra's son

The Enforcement Directorate (ED) today filed a charge sheet in a Delhi court against former Himachal Pradesh Chief Minister, Virbhadra Singh's son Vikramaditya, in a money laundering case which also involves Virbhadra.

Special court summons Vijay Mallya under Fugitive Economic Offenders Ordinance

30 Jun 2018

Special court summons Vijay Mallya under Fugitive Economic Offenders Ordinance

A special PMLA court in Mumbai has summoned beleaguered liquor baron Vijay Mallya to appear before it on August 27 on Enforcement Directorate's plea seeking action against him under the Fugitive Economic Offenders Ordinance in the over Rs. 9,000cr bank fraud case.

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.

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).

Aircel-Maxis: Chidambaram summoned by ED for second round of questioning

12 Jun 2018

Aircel-Maxis: Chidambaram summoned by ED for second round of questioning

Former Finance Minister P Chidambaram today reached the ED headquarters in Delhi for the second round of questioning in the Aircel-Maxis case.

ED attaches assets of Gujarat firm in Rs. 5,000cr bank-fraud

01 Jun 2018

ED attaches assets of Gujarat firm in Rs. 5,000cr bank-fraud

The Enforcement Directorate has attached Rs. 4,701cr worth of assets of Gujarat-based pharmaceutical company Sterling Biotech Group in connection with a Rs. 5,000cr bank fraud money laundering case, the ED said today.

ED attaches Rs. 177cr-worth assets in Rotomac bank fraud case

29 May 2018

ED attaches Rs. 177cr-worth assets in Rotomac bank fraud case

The Enforcement Directorate today said it has attached assets worth Rs. 177 crore in connection with its probe against Kanpur-based Rotomac Group.

Under new-law, Mallya, Modi, Choksi's assets might be seized soon

25 Apr 2018

Under new-law, Mallya, Modi, Choksi's assets might be seized soon

The recent Fugitive Economic Offenders Ordinance has given new teeth to the Enforcement Directorate (ED), which has moved swiftly to seize assets of Vijay Mallya, Nirav Modi and Mehul Choksi.

Govt. can confiscate absconding economic offenders' assets without conviction

21 Apr 2018

Govt. can confiscate absconding economic offenders' assets without conviction

In a bid to put pressure on economic fugitives and confiscate their properties, the Union Cabinet today approved a proposal to promulgate the Fugitive Economic Offenders Ordinance 2018.

Bihar topper scam: ED attaches prime accused Baccha Rai's assets

31 Mar 2018

Bihar topper scam: ED attaches prime accused Baccha Rai's assets

In a major development related to the Bihar topper scam of 2016, the Enforcement Directorate on Saturday revealed it has attached properties worth Rs. 4.53 crore of Amit Kumar alias Bachcha Rai, the secretary-cum-principal of Vishun Roy College in Vaishali district.

PNB scam: Nirav Modi's close aide arrested by ED

28 Mar 2018

PNB scam: Nirav Modi's close aide arrested by ED

The Enforcement Directorate has arrested a "close" associate and the Vice President of a firm of diamantaire Nirav Modi in connection with a money-laundering probe in the over Rs. 12,000cr PNB scam, officials said on Wednesday.

Fresh seizure of Nirav Modi's jewelry, watches worth Rs. 26cr

24 Mar 2018

Fresh seizure of Nirav Modi's jewelry, watches worth Rs. 26cr

A fresh seizure of antique jewelry, costly watches, and paintings worth Rs. 26cr has been made by the ED from the Mumbai apartment of Nirav Modi in connection with the over Rs. 12,000cr PNB fraud case.

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.

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.

Finance Ministry issues list of 9,500 'high-risk' financial companies

26 Feb 2018

Finance Ministry issues list of 9,500 'high-risk' financial companies

As authorities probe the biggest banking fraud in Indian history, the Finance Ministry has released a list of nearly 9,500 'high-risk' non-banking financial companies (NBFCs).

Nirav Modi-scam: Property worth Rs. 523cr attached, PNB CEO questioned

25 Feb 2018

Nirav Modi-scam: Property worth Rs. 523cr attached, PNB CEO questioned

Continuing its investigation into the Rs. 11,400cr PNB scam, the CBI yesterday questioned two top officials of the bank, including CEO and MD Sunil Mehta.

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 .

Congress's Ahmed Patel and his kin under ED scanner

29 Dec 2017

Congress's Ahmed Patel and his kin under ED scanner

After losing Gujarat and Himachal, newly-elected Congress president faces another setback. His mother Sonia Gandhi's most trusted lieutenant Ahmed Patel and his family are under the Enforcement Directorate's (ED) scanner in relation to a money laundering case.

Railways irregularities case: Lalu's wife Rabri Devi appears before ED

02 Dec 2017

Railways irregularities case: Lalu's wife Rabri Devi appears before ED