Articles by "Enforcement Directorate"
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Hello Jammu News at 6:47:00 PM 0


New Delhi, Jan 17 :  The Enforcement Directorate Thursday opposed the bail application of journalist Upendra Rai, arrested in a money laundering case related to alleged extortion and dubious financial transactions.

Additional Sessions Judge Rakesh Syal reserved its order for January 19 on Rai's application after hearing arguments form both sides.

Special public prosecutors Nitesh Rana and N K Matta, appearing for ED, told the court that the accused may influence witnesses and hamper probe if released.

In his application, the Delhi-based scribe claimed he was not required for further custodial interrogation and no purpose will be served by keeping him in custody.

ED told the court that Rai had extorted money from various persons, claiming he had information against them as he was a journalist and that thousands of crore of rupees were extorted.

Agency's advocate Samvedna Verma also told the court that Rai was influential and he may destroy evidence and flee from justice if he comes out of jail.

The journalist was arrested on June 8 last year by the ED under the Prevention of Money Laundering Act (PMLA) at the Tihar jail here, moments after he secured bail in a Central Bureau of Investigation case related to alleged extortion and dubious financial transactions.

He was arrested by the CBI on May 3 for allegedly indulging in dubious financial transactions, getting an airport access pass made by the Bureau of Civil Aviation Security (BCAS) by furnishing false information, alleged extortion and manipulation of an Income Tax Department case against a Mumbai-based businessman.

However, he recently secured bail from the Delhi High Court in the CBI case.

The ED had registered a money laundering case against him based on the CBI FIR. 

Rai has denied before the court all allegations levelled against him.                                          PTI
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Hello Jammu News at 8:05:00 PM 0
Mumbai, Jun 18 : The Enforcement Directorate (ED) today filed a fresh charge sheet against embattled liquor baron Vijay Mallya, two companies linked to him and others on charges of money laundering for allegedly cheating a consortium of nationalised banks to the tune of over Rs 6,000 crore, officials said today.

The agency has filed the charge sheet, also known as prosecution complaint, before a special court here under the provisions of the Prevention of Money Laundering Act (PMLA).

It has named Mallya, Kingfisher Airlines (KFA), UBHL (United Breweries Holdings Limited) and others in the voluminous charge sheet, they said.

PTI was first to report yesterday that after this charge sheet, the central probe agency would immediately seek permission from a court to "confiscate" assets worth more than Rs 9,000 crore of the beleaguered businessman and his firms under the recently promulgated Fugitive Economic Offenders Ordinance.

The ED had last year filed its first charge sheet against Mallya, now in London, in the alleged Rs 900-crore IDBI Bank-Kingfisher Airlines (KFA) loan fraud case.

It has attached assets worth Rs 9,890 crore in this case till now.

The fresh charge sheet revolves around the complaint received from State Bank of India (SBI) on behalf of the consortium of banks for causing loss of Rs 6,027 crore to them by not keeping repayment commitments of the loans taken during 2005-10, they said.

The ED has based its investigation in this instance after taking cognisance of a CBI FIR. PTI
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Hello Jammu News at 1:17:00 PM 0
New Delhi, May 30 :  Former Union minister P Chidambaram today moved a Delhi court seeking protection from arrest in the Aircel Maxis money laundering case. 

The senior Congress leader moved his plea for anticipatory bail before Special Judge O P Saini, who directed Chidambaram to appear before the Enforcement Directorate (ED) on June 5 as already summoned by the agency.

The court, which issued notice to the ED seeking its reply by June 5, also directed the agency not to take any coercive action against Chidambaram in the matter till then.

Senior advocates Kapil Sibal and Abhishek Manu Singhvi, appearing for Chidambaram, urged the court to grant him the relief considering the former minister has clean antecedents and deep roots in society.

In his plea, Chidambaram said all the evidence in the matter appears to be documentary in nature which is already in the possession of the incumbent government and nothing was to be recovered from him.

However, special public proseutor Nitesh Rana, appearing for the ED, opposed Chidambaram's plea saying he did not join the investigation today, for which the ED had already issued summons. 

The court has already granted interim protection from arrest till July 10 to the former minister's son Karti Chidambaram in two cases filed by the CBI and ED in 2011 and 2012, respectively in the Aircel-Maxis matter arising out of 2G spectrum cases.

The relief was granted to Karti after the ED sought time to argue on his application seeking anticipatory bail.

The matter pertains to grant of Foreign Investment Promotion Board (FIPB) clearance to firm M/S Global Communication Holding Services Ltd for investment in Aircel.PTI
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Hello Jammu News at 1:10:00 PM 0
New Delhi/Mumbai, May 30 :  The Enforcement Directorate today conducted fresh searches in five states in connection with the NSEL money laundering probe case, officials said.

They said the raids, under the Prevention of Money Laundering Act (PMLA), are being conducted in Delhi, Chandigarh, Ahmedabad (Gujarat) , Mumbai (Maharashtra) and Bengaluru (Karnataka).

The agency, it is understood, has gathered some fresh evidence and hence is undertaking the fresh action.

The Enforcement Directorate, over the years, has attached assets valued at over Rs 2,800 crore in this case.

The ED, along with the Economic Offences Wing of the Mumbai Police, had registered a criminal case in 2013 under the PMLA to probe the NSEL and others associated with it.

The agency alleged that the accused persons in the said case hatched a criminal conspiracy to defraud investors, induced them to trade on the platform of NSEL, created forged documents like bogus warehouse receipts, falsified accounts and thereby committed criminal breach of trust against about 13,000 investors to the tune of Rs 5,600 crore.

It had in March, 2015 also filed a 20,000-page charge sheet against NSEL and 67 others in a court here alleging the NSEL funds were laundered and "illegally ploughed into purchase of private properties." 

NSEL's payment troubles started after it was ordered by regulator the Forward Markets Commission (FMC) in July 2013 to suspend spot trade in most of its contracts due to suspected trading violations.

The exchange could not settle the outstanding trades, leading to investigations by the police and regulators to find out whether the exchange had defrauded traders by not enforcing rules requiring sufficient collateral to be set aside.PTI
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Hello Jammu News at 4:34:00 PM 0

Chennai, Aug 16 : The Madras High Court today reserved its orders to August 23, to decide on the maintainability of the petition filed by Karti Chidambaram, son of former Union Minister P Chidambaram, challenging the LOC issued against him in connection with a case filed by Enforcement Directorate (ED) on granting FIPB clearances to INX Media. When the petition filed by Karti came up for hearing, Mr Justice M Duraisamy, after hearing arguments from both the sides, reserved his orders to August 23. Justifying its action, the Central government submitted that the LOC was issued to prevent him from fleeing abroad following the experience faced in liquor baron Vijay Mallya's case, and also keeping in mind that Karti has to face the CBI also in the case. Karti, in his August four petition challenging the July 18 LOC, had submitted that Foreigner Regional Registration Officer (FRRO) at the Bureau of Immigration in the Union Ministry of Home Affairs has issued the LOC against him arbitrarily and without jurisdiction. 'The LOC dated July 18 has been issued under Section 10B of the Passport Act at the behest of different agencies', he contended. According to the CBI, a firm "indirectly controlled" by Karti had received money from the media house, run by Indrani and Peter Mukerjea. The agency had earlier issued summons to Karti and four others for questioning on June 27 and June 29, but Karti, had sought more time, following which fresh summons were issued on July 18. The CBI had registered a FIR against Karti and INX Media along with eight others for alleged irregularities in granting FIPB clearance to the media house for Foreign Direct Investment (FDI) in 2007. In May, CBI conducted raids on the residential and business premises of Karti in Chennai in connection with the case. Following the raids, Mr Chidambaram accused the Centre of targetting his son to silence his voice. UNI

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Hello Jammu News at 3:20:00 PM 0


Srinagar, Aug 16 :  The National Investigation Agency (NIA) today conducted raids at a dozen places, including the houses of government employees and lawyer in the Kashmir Valley in connection with alleged terror funding from Pakistan and Pakistan Occupied Kashmir (PoK), official sources said here today. The government has also blacklisted 34 companies of PoK involved illegal activity on cross-Line of Control (LoC) trade routes after the recovery of drugs from a truck at Trade Facilitation Centre Salamabad Uri on July 21. Meanwhile, alleging that raids by NIA and Enforcement Directorate (ED) were being used to cripple the business community in Kashmir, the Kashmir Economic Alliance (KEA) has threatened to launch an agitation if this was not stopped immediately. Official sources said the NIA personnel, assisted by state police and paramilitary forces raided a dozen places in summer capital, Srinagar, Tangmarg in Baramulla district, Handwara in the frontier district of Kupwara since early this morning. “Those being raided in Kashmir Valley have alleged links to persons being investigated in the case,” they said. They said this is for the first time that the NIA has conducted raid at the residences of Assistant Director Industries Peerzada Ghulam Nabi Bhat at Tarhama Kunzar, Tangmarg and Peer Bagh, Srinagar. “The house of his brother Ghulam Mohammad Bhat at Tangmarg was also raided,” they said. They said the residence of a person, who was a driver by profession, was also raided in Handwara in the frontier district of Kupwara. Similarly, the residence of an advocate, Abdul Rahim Wani, at Mazhama, Magam, in Tangmarg was also raided by the NIA this morning. UNI

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Hello Jammu News at 2:39:00 PM 0


Srinagar, Aug 10 :  The Enforcement Directorate assisted by local Crime Branch of Jammu and Kashmir police today raided the headquarters of Al-Khudam Tour and Travels and Hajj and Umrah service providers. A team of ED and CB conducted a raid at the headquarters of Al-Khudam on Moulan Azad road near here. The entire area was sealed and personnel of both the organisations were conducting raid, questioning officials and checking all records. It was however, not immediately clear whether the raid has anything to do with senior separatist leader Shabir Ahmad Shah, who is under judicial custody till August 14 after he was arrested by the ED in connecting with money laundering case. UNI

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