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Tag: Enforcement Directorate

  • Bombay HC seeks ED’s respond to Maharashtra Minister Nawab Malik’s plea in opposition to his arrest in cash laundering case

    By means of PTI

    MUMBAI: The Bombay Top Court docket on Wednesday directed the Enforcement Directorate (ED) to document its respond to Maharashtra minister Nawab Malik’s petition difficult his arrest in a cash laundering probe related to fugitive gangster Dawood Ibrahim and his aides.

    Malik used to be arrested by means of the ED closing week and is within the central company’s custody until March 3.

    The minister could be produced ahead of a different courtroom on Thursday.

    The NCP chief on Monday filed a petition within the top courtroom searching for to quash the case and in addition the order handed by means of a different courtroom remanding him to the ED’s custody.

    Malik sought his speedy free up and a course from the top courtroom to claim his arrest as unlawful.

    The state Minority Affairs Minister alleged that he used to be illegally arrested for being a “vocal critic of the misuse of central businesses”.

    A department bench of Justices S B Shukre and G A Sanap on Wednesday in short heard Malik’s recommend Amit Desai.

    Further Solicitor Common Anil Singh, showing for the ED, sought time to document his affidavit.

    “There are particular allegations made within the petition. We (ED) must care for it,” Singh stated.

    The bench posted the plea for additional listening to on March 7, noting that on that day the common bench listening to legal petitions could be to be had.

    “If within the period in-between there may be any next remand or order handed by means of the particular courtroom, then it could be with none prejudice brought about to the rights and contentions of each the petitioner (Malik) and the State (ED),” the courtroom stated.

    Desai had argued that the petition raises the query of Malik’s private liberty.

    “The ED is depending on statements of sure individuals who’re accused of being individuals of fugitive gangster Dawood Ibrahim. Malik isn’t concerned with that workforce,” Desai stated.

    He additional argued that the ED’s case is to simply create a false and flawed impact of Malik, who has been in public carrier since 25 years, with this workforce.

    The senior recommend additional stated that the alleged offence relates to the transactions carried out long ago in 1999.

    In his petition, Malik had stated that he used to be no longer the primary to be centered and it is a being concerned development around the country, the place central businesses are being misused by means of the birthday celebration in energy.

    Malik in his petition stated he used to be forcibly picked up from his place of dwelling by means of the ED officers on February 23 with none understand or summons underneath segment 41A of the Prison Process Code.

    The minister in his plea stated the February 23 order of the particular courtroom designated to listen to the Prevention of Cash Laundering Act (PMLA) circumstances used to be with out jurisdiction.

    The ED’s case is that Malik in connivance with Dawood Ibrahim’s aides – Haseena Parker, Salim Patel and Sardar Khan – hatched a legal conspiracy for usurping one Munira Plumber’s ancestral assets in Kurla having present marketplace worth of round Rs 300 crore.

    Thus, it’s proceeds of crime, the company claimed.

  • Allegations towards Maharashtra minister Nawab Malik glance to be well-founded: PMLA courtroom

    Via PTI

    MUMBAI: Prima facie, there are cheap grounds to consider that allegations towards Maharashtra minister Nawab Malik are “well-founded”, noticed a distinct courtroom right here whilst remanding him within the custody of the ED in reference to a cash laundering case.

    Particular pass judgement on RN Rokade, designated to listen to issues associated with the Prevention of Cash Laundering Act (PMLA), additionally stated that enough time is needed to be granted for the investigation of the offence and Malik’s custodial interrogation was once essential.

    The courtroom on Wednesday remanded Malik, a senior NCP chief, within the custody of the Enforcement Directorate until March 3. Its detailed order was once made to be had on Friday. Malik was once arrested by way of the ED on Wednesday in a cash laundering probe connected to the actions of fugitive gangster Dawood Ibrahim and his aides.

    The courtroom, in its order, stated it seems that from the record that accused has now not cooperated with the investigation at the a very powerful facet. “Prima facie, there are cheap grounds to consider that the accusations are well-founded beneath PMLA,”the pass judgement on noticed.

    The courtroom held that the probe was once at a nascent degree and Malik’s custodial interrogation is essential to unearth all of the ramifications concerned within the crime. “The proceeds of crime have traversed since closing twenty years and extra. Subsequently, enough time is needed to be granted for the investigation of the offence,” the pass judgement on stated.

    The ED case is in keeping with an FIR filed just lately by way of the Nationwide Investigation Company (NIA) towards Ibrahim, a fugitive gangster, and others. The NIA had filed its felony grievance beneath sections of the Illegal Actions (Prevention) Act (UAPA).

  • Nawab Malik being bothered as he spoke in opposition to ‘misuse’ of central companies: Pawar

    Malik's administrative center in a Twitter put up on Wednesday stated the ED officers got here to minister's place of dwelling right here within the morning and accompanied him in his automobile to the probe company's administrative center.

  • ED arrests gangster Dawood Ibrahim’s jailed brother Iqbal Kaskar in cash laundering case

    By means of PTI

    MUMBAI: The Enforcement Directorate (ED) on Friday arrested Iqbal Kaskar, the jailed brother of 1993 Mumbai blasts mastermind Dawood Ibrahim, as a part of a probe right into a not too long ago registered cash laundering case in opposition to him, officers mentioned.

    Kaskar, already lodged in Thane prison in reference to more than one circumstances of alleged extortion, was once taken into custody within the contemporary case. He’s going to be produced prior to a different Prevention of Cash Laundering Act (PMLA) court docket that had issued a manufacturing warrant in opposition to him on February 16, the officers mentioned.

    The federal probe company is predicted to hunt his custody for wondering within the newly registered case in opposition to him, fugitive gangster Ibrahim and others related to the Mumbai underworld. The ED’s transfer comes following the registration of the brand new case and its February 15 raids in Mumbai into the operations of the underworld, related alleged unlawful assets offers and hawala transactions.

    The searches had been performed at 10 places, together with premises related to Ibrahim’s overdue sister Haseena Parkar, Kaskar and Salim Qureshi alias Salim Fruit, a brother-in-law of gangster Chhota Shakeel. Qureshi was once additionally wondered by means of the ED after the raids.

    The ED case is according to an FIR filed not too long ago by means of the Nationwide Investigation Company (NIA) in opposition to Ibrahim and others aside from its unbiased intelligence. The NIA had filed its prison criticism underneath sections of the Illegal Actions (Prevention) Act (UAPA).

    The company is known to have recovered paperwork comparable to those alleged unlawful assets offers with hyperlinks to Indian businessmen running right here and in Dubai all over the process the investigation and likewise after the raids.

    Some political hyperlinks to those alleged shady offers also are underneath the scanner of the company.

  • Narayan Rane joined BJP after ED started probe towards him, claims Shiv Sena chief

    Via PTI

    MUMBAI: Shiv Sena chief Vinayak Raut on Wednesday lashed out at Union minister Narayan Rane, claiming that the latter had joined the BJP after the Enforcement Directorate (ED) introduced an inquiry towards him.

    Talking to journalists right here, the Sena’s Lok Sabha member additionally sought to grasp what came about to quite a lot of allegations that BJP chief Kirit Somaiya had levelled towards Rane when the latter was once within the Congress birthday party.

    Rane began his political occupation in Shiv Sena and was once leader minister for not up to a yr within the Sena-BJP dispensation that dominated Maharashtra all the way through 1995-99.

    He later joined the Congress and turned into a state minister.

    A couple of years later, Rane hand over the Congress and based Maharashtra Swabhimani Birthday party (MSP) in 2018, which he later merged with the BJP.

    After becoming a member of the BJP, Rane turned into the birthday party’s Rajya Sabha member in 2019.

    He was once inducted as union minister for micro, small and medium enterprises ultimate yr.

    “Somaiya had levelled a number of allegations towards Rane, together with that of indulging in corrupt practices and accumulating unaccounted wealth. It was once adopted by means of the ED probing some shell corporations. Rane were given scared after which joined BJP,” Raut stated.

    “I’m hoping Somaiya will resubmit to the ED the proofs he had towards Rane and the officers will take motion towards Rane. We can without a doubt search ED’s reaction on it,” he stated.

    When Rane was once in Congress, he had made some remarks towards Top Minister Narendra Modi.

    However now, Rane is protecting the BJP, Raut alleged as he confirmed some outdated video pictures of Rane’s feedback towards Modi, Somaiya and BJP.

    Vinayak Raut’s remarks come an afternoon after Shiv Sena’s Rajya Sabha member Sanjay Raut accused some BJP leaders and businessmen of being concerned with corrupt practices.

    He had introduced a private assault towards Somaiya, who has been elevating a slew of allegations towards the Sena brass and different leaders of the ruling Maha Vikas Aghadi.

    On the other hand, Rane on Wednesday accused Sanjay Raut of levelling corruption allegations towards BJP leaders with out generating any documentary evidence.

  • ED information cash laundering case in ABG Shipyard financial institution mortgage case

    Through PTI

    NEW DELHI: The ED has registered a felony case of cash laundering in opposition to ABG Shipyard Ltd, its former promoters at the side of others for allegedly dishonest a consortium of banks of over Rs 22,842 crore, respectable assets stated on Wednesday.

    The motion comes days after the CBI registered an FIR within the nation’s largest alleged financial institution mortgage fraud case.

    The ED case has been filed underneath more than a few sections of the Prevention of Cash Laundering Act (PMLA) after the investigators studied the CBI criticism and the forensic audit file, assets stated.

    They added that the Enforcement Directorate (ED) will in particular glance into the alleged “diversion” of financial institution mortgage budget, the advent of shell corporations to launder the general public cash and the position of the executives of the corporate and others.

    The CBI had booked ABG Shipyard Ltd and its then chairman and managing director Rishi Kamlesh Agarwal at the side of others for allegedly dishonest a consortium of banks of over Rs 22,842 crore.

    It had additionally named the then govt director Santhanam Muthaswamy, administrators Ashwini Kumar, Sushil Kumar Agarwal and Ravi Vimal Nevetia and any other corporate ABG Global Pvt Ltd for alleged offences of felony conspiracy, dishonest, felony breach of accept as true with and abuse of respectable place underneath the Indian Penal Code (IPC) and the Prevention of Corruption Act. The accused within the ED case are the similar, they stated.

  • PMLA: Money travels sooner than mild, says SC, stresses want for sooner probe into cash laundering

    By way of PTI

    NEW DELHI: “Money travels sooner than mild,” seen the Preferrred Court docket on Tuesday whilst stressing the desire for a quick investigation if the Enforcement Directorate (ED) comes throughout an intelligence enter indicating large unlawful cash laundering.

    A bench headed via Justice A M Khanwilkar, coping with a batch of petitions in regards to the interpretation of sure provisions of the PMLA, referred to a state of affairs announcing if ED will get actionable enter of unlawful cash transaction and requested whether or not it must watch for registration of an FIR via police or different businesses for the predicate offence prior to swinging into the motion to probe the cash laundering.

    “Money travels sooner than mild. The proof might vanish temporarily if the company (ED) waits for registration of the FIR (for predicate offence),” seen the bench which additionally comprised justices Dinesh Maheshwari and C T Ravikumar.

    The bench once more referred to its query of whether or not the Enforcement Directorate may have jurisdiction to probe the unaccounted cash below PMLA within the absence of a previous FIR registered for the predicate offence.

    Below the Prevention of Cash Laundering Act (PMLA), ED registers an ECIR (enforcement case knowledge record) to probe laundering of proceeds of a criminal offense, dedicated prior, for which an FIR is already there.

    Senior recommend Amit Desai, showing for probably the most petitioners, stated that the ED can not have the jurisdiction that statute does now not supply for.

    Desai referred to Phase 19 of the PMLA and stated that the ED can not have the unbridled energy of arrest and attachment of houses as those government are draconian.

    The bench referred to the language of the supply and stated that the ability of arrest is exercised via the Director, Deputy Director, Assistant Director, or some other officer approved in this behalf via the Central Executive via basic or particular order.

    Additionally, the officer has to present the explanations in writing after scrutinising the prima facie fabrics prior to continuing with the arrest of the accused, it stated.

    “It isn’t the peon or clerk which may have the ability of arrest below segment 19 of the Act….relatively this proper to arrest is supported via Article 21 (coverage of lifestyles and liberty) of the charter,” the bench stated. The court docket would resume listening to on Wednesday.

    Previous on February 10, the bench had referred to the hot restoration of money to the song of Rs 190 crore in Uttar Pradesh and had requested if ED will haven’t any jurisdiction to probe the unaccounted cash below PMLA within the absence of a predicate offence.

    Previous to this, the bench used to be advised that there can’t be “mechanical accommodation” of an ECIR because the PMLA calls for that there should be some indication of the act of cash laundering and projecting the proceeds of crime as untainted.

    Solicitor Normal Tushar Mehta had previous advised the bench that there are over 200 petitions within the topic and period in-between remains had been granted in numerous critical instances because of which investigation has been affected.

    A few of these petitions have challenged the validity of sure provisions of the PMLA.

  • Two Bihar district officials underneath ED radar for alleged cash laundering

    Categorical Information Provider

    PATNA: Two district delivery officials (DTOs) of Bihar at the moment are dealing with motion from the Enforcement Directorate (ED), which registered court cases towards them underneath the Prevention of Cash Laundering Act, 2002.

    The officials—Ajay Kumar Thakur and Rajnish Lal—had been posted in Jehanabad and Muzaffarpur, respectively when searches had been performed at their residential premises via Vigilance Investigation Bureau (VIB).

    Throughout the analysis operation, the VIB sleuths had detected a money deposit of Rs.90 lakh and investments value Rs.70 lakh in insurance coverage insurance policies within the identify of Thakur and his shut kinfolk in November ultimate 12 months. Paperwork associated with the acquire of land in Muzaffarpur, Patna in Bihar and in Ranchi and Jamshedpur in Jharkhand had been seized via the individuals of the raiding crew from Thakur’s residential premises.

    In a similar way, a disproportionate belongings case used to be lodged on the VIB police station towards Rajnish Lal in June 2021 when he used to be posted as DTO of Muzaffarpur. Throughout a seek of his flat in Patna’s Kankarbagh, the VIB crew had recovered Rs.51 lakh money and jewelry value Rs.60 lakh. As well as, jewelry value Rs.20 lakh used to be detected within the locker of the previous Muzaffarpur DTO.

    Each the officials had been put underneath suspension after instances of disproportionate belongings had been registered on the VIB police station. A senior respectable of the ED stated, “The method of attachment of belongings will get started quickly. Now we have already registered instances towards the 2 officials underneath PMLA at the advice of the VIB.”

  • Govt accepts ED officer Rajeshwar Singh’s VRS; might contest UP polls on BJP price ticket

    By way of PTI

    NEW DELHI: Enforcement Directorate officer Rajeshwar Singh has been granted voluntary retirement from provider (VRS) by means of the Union govt.

    He’s anticipated to enroll in the BJP and contest the approaching Meeting polls in Uttar Pradesh.

    Singh, who used to be serving because the joint director of the Enforcement Directorate (ED) in Lucknow up to now, tweeted to announce that he used to be ‘putting up his boots’.

    “Nowadays my request for voluntary retirement (VRS) from the provider of Govt of India has been licensed. The caravan of 24 years of tireless and conscientious laborious paintings, performed in a constant way, has reached some degree of transition as of late,” he mentioned in a letter connected with the Twitter publish on Monday night time.

    The officer started his civil provider profession with the Uttar Pradesh Police, the place he served for roughly 10 years whilst the remainder have been within the ED, a federal probe company that investigates cash laundering and foreign currencies violation crimes.

    “As my skilled adventure of 24 years turns to a transition as of late, in this instance, I specific my deep seated gratitude to the Hon PM Shri @narendramodi ji, Hon HM Shri @AmitShah ji and FM Smt @nsitharaman ji, CM Shri @myogiadityanath ji, Shri S Ok Mishra, Director ED and Uttar Pradesh Police. I’ve discovered so much whilst running with those organizations for such a lot of years.”

    “I sign up for the PM’s undertaking to make India a Vishwa Guru, as a player, to give a contribution with conviction and integrity on this strategy of nation-building,” he stated.

    The officer had carried out for VRS past due final 12 months.

    Assets stated he might contest the Uttar Pradesh polls on a BJP price ticket.

    A B.Tech and PhD in police, human rights and social justice, Singh joined the ED in 2007 on deputation.

    He used to be completely absorbed into the ED cadre in 2014 and has headed some high-profile investigations into the 2G spectrum allocation case, the 2010 Commonwealth Video games, the cash laundering instances in opposition to former Union finance minister P Chidambaram and his son Karti Chidambaram, Andhra Pradesh leader minister Y S Jagan Mohan Reddy and previous Jharkhand leader minister Madhu Koda, the Aircel Maxis and VVIP choppers case.

    Belongings value about Rs 4,000 crore have been connected in his probes.

    “I’m deeply happy that in spite of quite a lot of threats and power ways from unscrupulously corrupt leaders, my braveness to do my task with out bowing down has been liked over and over again by means of the Hon’ble Excellent Court docket,” he mentioned.

    The officer has had a percentage of controversies, together with an example in June 2018, when the Finance Ministry submitted a secret report back to the Excellent Court docket, it appears wearing main points of a telephone name gained by means of the officer from Dubai.

    The document is alleged to had been ready by means of nation’s exterior intelligence company Analysis and Research Wing and passed over to the Division of Income within the Finance Ministry, underneath which the ED purposes.

    The then ED director Karnal Singh had issued a press remark pronouncing the out of the country name gained by means of Rajeshwar Singh pertained to an “ongoing investigation” and that he used to be a accountable officer with exceptional profession data.

    The federal government had additionally introduced an investigation in opposition to Rajeshwar Singh for his letter by which he had made a scathing assault at the then income secretary Hasmukh Adhia wondering him if the latter had advanced animosity in opposition to him by means of “siding with scamsters and their associates.”

    Rajeshwar Singh used to be due to this fact issued a understand searching for an cause of alleged “insubordination” within the context of this letter by means of the income division, to which he has answered with a “remorseful about” and had defined his facet of the tale.

    That letter, resources had stated, used to be despatched thru “legit channels” to the company’s leader Karnal Singh nevertheless it used to be by no means forwarded to Adhia.

    Accusations of sure different alleged irregularities made in opposition to Singh have been probed by means of the ED, the CBI and the Central Vigilance Fee, and a document used to be despatched to the court docket and the federal government declaring that there used to be “no advantage” within the allegations and therefore the inquiry used to be closed.

    Singh, who performed a large number of encounters all over his stint within the uniform, is married to IPS officer Laxmi Singh, who’s these days serving because the Inspector Normal of Lucknow police vary.

  • Enforcement Directorate begins probe in Madhya Pradesh’s Shradha Saburi Chitfund rip-off

    Via IANS

    BHOPAL: The Enforcement Directorate (ED) has began probing chitfund rip-off of Rs 80 crore touching on a Madhya Pradesh-based funding corporate, its administrators and different individuals together with Bhartiya Janata Yuva Morcha chief Abhishek Bhargava, the son of state Minister Gopal Bhargava.

    3 individuals together with the adolescence BJP chief are the alleged accused within the case.

    The ED had written to Raisen Police of Madhya Pradesh handy over the replica of the FIR, rate sheet and different related paperwork in order that they might continue with the investigation.

    Round 400 traders maximum of them retired officers and girls have been allegedly cheated to the track of Rs 80 crore at the pretext of doubling their cash. The sufferers are from Bhopal, Raisen, Sagar and different within sight towns.

    The accused have been the board participants of Shradha Saburi Commodities Non-public restricted.

    “The sufferers approached the involved police stations in Bhopal, Sagar, Raisen alleging that they invested within the corporate which had promised to double their cash in a brief span of time. However not anything took place they usually have been cheated in their hard-earned cash,” stated a supply.

    Vasant Upadhyay, the executive of Shradha Saburi Commodities Non-public Restricted, too had filed an software sooner than a Periods Courtroom in opposition to the board administrators at the foundation of which a non bailable warrant used to be issued in opposition to the entire accused together with the adolescence BJP chief. Later the court docket granted him bail. He used to be requested by way of the court docket to furnish a bail bond of Rs 50,000 and a hard and fast deposit of Rs 20 lakh.

    Abhishek Bhargava had stated that he used to be being framed and allegations in opposition to him have been false. He actually demanded a CBI inquiry into the subject. He stated that he had no wisdom concerning the corporate with which he used to be being connected to. He even threatened to finish his lifestyles by way of self immolating if fees in opposition to him are confirmed. He stated that he’s being centered as he’s the son of a minister.

    The primary arrest within the case used to be made in 2015. The one who integrated Commodities used to be positioned below arrest by way of Raisen Police. He used to be previous working an organization within the title of Actual Bazar, later he arrange Shradha Saburi Commodities Non-public Restricted. As according to police, he has been residing in Raisen for over thirty years whilst at the beginning hailing from Ghazipur of UP.

    In 2016, arrest warrants have been issued in opposition to 3 board participants and in 2017, the court docket order used to be challenged sooner than the Jabalpur Prime Courtroom which allowed the transfer in opposition to the decrease court docket.

    Now, the ED has began probing the subject, they are able to summon the alleged accused to sign up for the probe in coming weeks. The central probe company will file their statements.