New Delhi: The Enforcement Directorate (ED) on Thursday registered a money laundering case in the IPL spot-fixing scandal to probe alleged routing of hawala funds and other financial irregularities which emerged after police investigations.
With the ED coming into picture by invoking the criminal clauses of the Prevention of Money Laundering Act (PMLA), the noose would tighten against the accused players and bookies as under the said Act the onus of proving one's innocence is on the accused and there was also the possibility of seizure of assets and bank accounts.
The agency registered the case after going through the FIR of the Delhi police filed in this regard which led to the arrest of three Rajasthan Royals players - India pacer S Sreesanth, Ajit Chandila and Ankeet Chavan and a number of bookies.
The agency will soon go through the reports of various other police departments which have recently begun their probes in this regard after the Delhi police unearthed it last week with a slew of arrests. The agency, according to sources, will also decide on recording the statements of players and bookies including some hawala dealers after initial investigations....
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05:46 PM, May 23, 2013
New Delhi: Enforcement Directorate may have seized assets worth Rs 2,357 crore in 2012-13, a seven fold increase from previous fiscal, but it sees the cases of money laundering, forex violations and other economic offences probed by it as just the "tip of the iceberg". The ED has stepped up its prosecution in money laundering cases and is planning to take steps, including filling 1,400 posts, to go full throttle...
05:20 PM, May 01, 2013
New Delhi: Finance Minister P Chidambaram on Wednesday said Enforcement Directorate should be extremely careful while choosing cases for prosecution under the money laundering law and focus its energies on important ones. "A word of caution is necessary. We must be extremely selective in deciding which cases to prosecute under the money laundering law. Otherwise, we will be overwhelmed with cases that we would be required to prosecute," he said...
04:32 PM, May 01, 2013
Kolkata: The Trinamool Congress MP, Kunal Ghosh was on Monday summoned by the Bidhannagar Police for interrogation over the multicrore Saradha chit fund scam. Saradha group promoter Sudipta Sen and his aide Debjani Mukherjee had alleged that Kunal Ghosh had played a role in the fraud. Ghosh, however, denied all the charges against him, alleging it was a conspiracy. "Lies are being spread about me. The probe will bring out...
06:05 PM, Apr 29, 2013
New Delhi: The Enforcement Directorate on Wednesday questioned sacked CWG organizing committee chief Suresh Kalmadi and recorded his statement in connection with its probe into alleged money laundering in the run up to the 2010 sporting extravaganza. The agency questioned Kalmadi for the second time in less than a month. He was questioned in a separate case of alleged forex violations on March 25 by the agency. Kalmadi has denied...
03:56 AM, Apr 18, 2013
Ranchi: Former Jharkhand Chief Minister Madhu Koda, who got a three-week provisional bail from Jharkhand High Court, could not go home on Wednesday following his failure to produce bail documents to the jail authorities. "We don't have any document of his bail in any of the cases against him (Koda). He can only walk out after producing all bail-related documents," Jail Superintendent Dilip Pradhan told PTI in Ranchi. Koda was...
02:07 AM, Apr 18, 2013
Patna: A local court on Friday rejected the bail application of Pune-based businessman Hasan Ali Khan in a fake passport case. Judicial Magistrate Sunil Kumar passed the order summarily rejecting the bail plea of Khan. The police had last week submitted a charge sheet in the court hearing the fake passport case against the businessman, who is presently lodged in a jail in Mumbai. A case was lodged against Khan...
09:56 PM, Apr 12, 2013
Enforcement Directorate on Tuesday registered money laundering case relating to Punjab narcotics haul from the house of alleged drug dealer Anoop Singh Kahlon. ...
03:00 PM, Apr 02, 2013
Sacked CWG organising committee chief Suresh Kalmadi was on Monday questioned by the Enforcement Directorate in connection with its probe into alleged forex violations in the run up to the 2010 sporting extravaganza. ...
08:12 PM, Mar 25, 2013
An irate Preity Zinta said she was questioned for four hours and not 11 as reported. ...
02:02 PM, Mar 06, 2013
The second edition of the tournament came under the scanner for alleged financial irregularities and led to the sacking of the then commissioner Lalit Modi. ...
10:22 AM, Mar 06, 2013
Stepping up its action in the alleged multi-crore money laundering case involving former Jharkhand Chief Minister Madhu Koda, the Enforcement Directorate (ED) has decided to attach properties worth Rs 143 crore belonging to his close aides. ...
02:49 AM, Mar 01, 2013
In major trouble for YSR Congress Chief Jagan Mohan Reddy, the Enforcement Directorate is slated to take over his property worth Rs 122 crore. The ED has even issued attachment orders for their immediate seizure. ...
06:53 PM, Feb 20, 2013
A day after the player auctions for Indian Premier League Season 6, the Enforcement Directorate has slapped a notice of Rs 100 crore on the Indian Premier League franchise Rajasthan Royals over alleged violations of the Foreign Exchage Management Act (FEMA). ...
03:50 PM, Feb 04, 2013
Former Jharkhand chief minister Madhu Koda's aide Anil Bastawade has been sent to 14 days' judicial custody. He was brought back from Jakarta on Tuesday night by the Enforcement Directorate (ED). ...
05:31 PM, Jan 30, 2013
Former Jharkhand chief minister Madhu Koda's aide Anil Bastawade has been produced in a Ranchi court. He was brought back from Jakarta on Tuesday night by the Enforcement Directorate (ED). ...
04:50 PM, Jan 30, 2013
The Enforcement Directorate on Tuesday brought back former Jharkhand chief minister Madhu Koda's aide, Anil Bastawade to India. The alleged mining scam kingpin has been accused in a money laundering case. ...
11:12 PM, Jan 29, 2013
The Enforcement Directorate (ED) has begun scrutinising a set of voluminous documents recently sent to it by American retail giant Walmart as part of its reply on a probe against the company's investment in an Indian firm for alleged violations of forex laws. The company has recently sent a detailed reply to the agency as part of communication to notices sent to it earlier under the Foreign Exchange Management Act...
06:07 PM, Jan 29, 2013
The noose seems to be tightening around former Jharkhand CM Madhu Koda. Sources have indicated that Enforcement Directorate (ED) officials will be heading to Jakarta soon to gain custody of Madhu Koda's aide Anil Adinath Bastawade, who was detained at Jakarta by immigration authorities on January 19. ...
01:42 PM, Jan 22, 2013
The Enforcement Directorate (ED) on Saturday arrested Sayed Masood, Chairman of City Group, from New Delhi in connection with a fraud case. "We have arrested Sayed Masood from New Delhi and he will be brought to Mumbai and produced in a court," said an ED official. ...
04:00 PM, Dec 15, 2012
