ENFORCEMENT DIRECTORATE CHENNAI
ED eyes Rs 151 crore BSNL land deal in Chennai for new office complex
The Directorate of Enforcement is set to acquire a significant land parcel from BSNL in Chennai. This move aims to establish a new office complex for the agency. The proposal is under review, with a final decision anticipated soon. This expansion reflects the ED's growing responsibilities and increasing case load across India.
Assets dip, affiliations shift: Stalin, Udhayanidhi among Tamil Nadu leaders reporting lower wealth
M. K. Stalin, Udhayanidhi Stalin and other Dravida Munnetra Kazhagam leaders have reported a decline in declared assets over five years, largely due to exiting business links under scrutiny, while the wealth of their spouses has risen in several cases.
Stalin dismisses ED allegations on TASMAC, sandmining scams as 'Centre produced, ED-enacted dramas'
Tamil Nadu election: Chief Minister M K Stalin has strongly criticized the Bharatiya Janata Party. He stated the Enforcement Directorate has become an 'errand department' for the BJP. Stalin described alleged scams involving TASMAC and sand mining as 'BJP-scripted and ED enacted dramas'. He believes the Union government is oppressing opposition parties by fabricating false cases.
ED conducts search at Mantri Developers
Enforcement Directorate officials searched Mantri Developers' office and chairman Sushil Mantri's Bengaluru residence in a money laundering probe. The investigation focuses on allegations of customer funds being diverted and invested overseas. This follows earlier searches in 2022 where properties worth Rs 300 crore were attached.
Stocks in news: IndiGo, IDFC First Bank, Adani Enterprises, Ashok Leyland, Mahanagar Gas
Markets experienced a sharp decline of over 1.5% on Wednesday, driven by weak global cues and geopolitical tensions, with Nifty approaching its previous swing low. Several companies like IndiGo, IDFC First Bank, and Ashok Leyland are in focus due to significant news developments, including regulatory dismissals, ED searches, and new investment plans.
CBI again summons TVK chief Vijay for questioning in Karur stampede case
The CBI has summoned actor Vijay to appear in Delhi on March 15 regarding the Karur stampede case. He had previously requested a deferral and for questioning to be held in Tamil Nadu. The agency has also asked DMK MLA Senthil Balaji to appear on March 17.
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When progressive leave meets corporate reality
Indian companies are navigating challenges with new employee-friendly policies. While progressive initiatives like menstrual and flexible leave aim to support staff, some leaders express concerns about operational friction and potential misuse. Companies are now rethinking policy design to ensure fairness and sustainability. Data shows these benefits are becoming standard, with many firms offering menstrual leave and wellbeing support.
ED Director Rahul Navin to visit Chennai, review important cases
ED Director Rahul Navin is visiting Chennai this weekend. He will review ongoing investigations in Tamil Nadu. This includes high-profile cases. One such case involves state minister K N Nehru. Navin will meet officers and discuss money laundering and foreign exchange violation cases. The visit comes ahead of assembly polls in the state.
Court grants statutory bail to Unnikrishnan Potty in second Sabarimala gold loss case
A Kollam court granted statutory bail to Unnikrishnan Potty in a Sabarimala gold loss case. This comes as the investigation team failed to file a charge sheet within the stipulated time. Potty will now be released from jail. He is the first accused in both cases. Other accused are also seeking bail.
ED questions ex-TDB official in Sabarimala gold 'loss' case
The Enforcement Directorate is questioning a former Travancore Devaswom Board official regarding the Sabarimala gold loss. This investigation focuses on money laundering linked to alleged misappropriation of gold artefacts. Sacred gold-clad items were reportedly misrepresented as copper and removed for private processing.
ED freezes over Rs 120-cr bank deposits in probe against Chinese-controlled gambling, loan apps
The searches were carried out on February 23-24 against a company named NIUM India Pvt Ltd and its directors based in Mumbai, Xoduz Solution Pvt Ltd, Vikrah Trading Enterprises Pvt Ltd, Tyrannus Technology Pvt Ltd, Future Vision Media Solutions Pvt Ltd, Aprikiwi Solution Pvt Ltd. in Chennai and Raphael James Rozario at Kochi.
ED raids Chennai infra construction firm, promoters in money laundering case
About six-seven locations in and around Chennai city are being covered by ED officials under the provisions of the Prevention of Money Laundering Act (PMLA), PTI reported citing official sources.
Tamil Nadu: Premises of Senthil Balaji's aide being raided by ED
Central agency Enforcement Directorate is conducting raids on a close aide of Tamil Nadu Minister Senthil Balaji, who was arrested in connection with the cash-for-jobs scam. Nearly 10 premises of the aide of Balaji are currently being traded, sources told ANI. The DMK minister is currently in judicial custody till September 15.
TN: Court dismisses Minister Senthil Balaji's petition for rejection of remand
Senthil Balaji was sent to judicial custody till June 28 by Sessions Court, in connection with a money laundering case. This follows after the minister was arrested by Enforcement Directorate in a money laundering case early Wednesday. He was admitted to a hospital after complaining of chest pain during questioning by the Enforcement Directorate (ED).
IndusInd Bank issues clarification on old ED probe
"The bank had also filed complaints with the police authorities in 2015 against some of the unscrupulous entities. Incidentally, the matter was subject of scrutiny by the RBl in October 2015 and a penalty was levied on the bank."
Court rejects Karti Chidambaram's discharge plea in tax evasion case
When the plea came up, Special Court for MLAs and MPs judge D Lingeshwaran found merit in the evidence submitted by the prosecution and dismissed it. The judge then ordered the prosecution to go ahead with the framing of charges and sought both the accused to be present in the court on January 21.
Karti Chidambaram owner of shell company accused of getting kickbacks: Firm directors
"Held namesake positions and only signed papers on Karti’s instructions," directors told ED
Enforcement Directorate attaches over Rs 320-cr assets of Chennai jewellery group
ED said it has issued a provisional order under the PMLA, for attachment of Rs 328 crore worth assets of Ms Nathella Sampath Jewellery Private Limited.
ED attached Rs 328-crore worth property of Nathella Sampath in money laundering case
Nathella sells gold jewelry and “precious stones” at its retail outlets in T. Nagar, Velachery, Tambaram, Anna Nagar and Purasaiwalkam in Chennai, besides in Hosur and Vellore.
VVIP chopper case: Court takes cognisance of ED charge sheet
The ED had registered a PMLA case in 2014 and named 21 people, including Tyagi, in its money laundering FIR.
More assets of Subhiksha founder R Subramanian attached in bank fraud case
Subramanian, who founded retail chain Subhiksha and also ran a chit fund scheme, was arrested recently on charges of defrauding Bank of Baroda for Rs 77 crore and investors of his chit fund scheme Viswapriya Finance Services of Rs 150 crore.
More assets of Subhiksha founder R Subramanian attached in bank fraud case
In March 2016, the Enforcement Directorate had attached properties including agricultural lands worth Rs 4.5 crore.
Criminal proceeds generated in Aircel-Maxis case involve Karti: PMLA authority
The ED has now moved to take possession of the attached bank deposits and fixed deposit--worth Rs 1,16,09,380-- kept in a bank branch in Chennai.
Jagan Mohan Reddy, Chhagan Bhujbal figure in ED list of top launderers
Topping the list is one Afroz Mohammed Hasanfatta and Madanlal Jain of Surat who remitted money to Dubai and Hong Kong through forged bills of entry.
Notes ban: ED attaches Rs 12 crore assets in Sekhar Reddy case
IT dept has made one of the biggest detection of alleged unaccounted income of over Rs 142 crore in this case with the seizure of Rs 34 crore in new notes.
Enforcement Directorate attaches Rs 2.77 crore assets of former IAS and CPT Chairman
ED had slapped money laundering charges against Suresh and others based on a CBI FIR and charge sheet against him on charges of possessing alleged disproportionate assets.
ED attaches Rs 25-crore worth properties of Farouk Irani
An Enforcement Directorate release had said both had admitted to indulging in the scam estimated to have looted banks to the tune of Rs 522 crores.
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