The probe, launched under the Prevention of Money Laundering Act (PMLA), is based on a 2024 FIR registered by the Cyber Police Station in Mumbai. ED conducted searches at around 15 locations across Mumbai, Delhi-NCR, Hyderabad, Jaipur, Madurai and Surat in connection with an illegal betting application Source link
The Enforcement Directorate (ED) on Friday, August 1, conducted search operations at several premises across seven cities, Delhi, Gurugram, Kolkata, Ludhiana, Ahmedabad, Bhavnagar, and Bhuj as part of an investigation into a large-scale front-running scam involving an ex-employee of Axis Mutual Fund. The action was conducted under the Prevention of Money Laundering Act (PMLA), 2002. The…
The Directorate of Enforcement (ED), Bengaluru Zonal Office, has filed a case against Myntra Designs Private Limited and its associated entities and directors under Section 16(3) of the Foreign Exchange Management Act, 1999 (FEMA). The case accuses contravention of nearly Rs 1,654.35 crore, allegedly for violating the FDI policy by carrying out Multi-Brand Retail Trade…
The Enforcement Directorate (ED) has uncovered several benami properties and shell companies linked to former UCO Bank Chairman and Managing Director SK Goel. A source close to the development told Zee Business, “SK Goel and his family created several shell companies to receive kickbacks from Concast Steel & Power Ltd. (CSPL).” The ED has reportedly traced and…
Hyderabad: The arrest of K Kavitha, daughter of former chief minister and BRS supremo K Chandrasekhar Rao, a day before the Election Commission is set to announce the schedule for the Lok Sabha elections, may have some psychological impact on party workers. Former minister T Harish Rao said at a press conference that the party…