Prevention of Money Laundering Act

February 13, 2025 3:19 PM

ED freezes Rs 170 crore across 30 bank accounts in QFX money laundering probe

The Enforcement Directorate (ED) has frozen movable assets worth Rs. 170 crore, including funds in over 30 bank accounts held by shell companies, following raids conducted two days ago in Delhi, Uttar Pradesh, and Haryana in connection with the QFX Trade Ltd. case, the agency said on Thursday. The action was taken after the ED's Chandigarh Zonal Office conducted search operations on February 11 under the Prevention of Money Laundering Act (PMLA), 2002 at various locations in Delhi, Noida, Rohta...

September 16, 2024 3:28 PM

ED raids residence of former RG Kar Medical College principal Sandip Ghosh

The Enforcement Directorate (ED) conducted raids at the residence of Dr. Sandip Ghosh, former principal of RG Kar Medical College and Hospital, and other locations in Kolkata on Wednesday. The raids are part of an ongoing investigation into alleged financial irregularities at the institution. The ED has registered a case under the Prevention of Money Laundering Act (PMLA) against Dr. Ghosh, who is currently in the custody of the Central Bureau of Investigation (CBI). The CBI arrested Dr. Ghosh ...

September 16, 2024 5:18 PM

Delhi High court issues notice to ED on Satyender Jain’s plea

The Delhi High Court has issued a notice to the Enforcement Directorate (ED) in response to a plea filed by former Delhi cabinet minister and Aam Aadmi Party (AAP) leader Satyender Jain. Jain is challenging the trial court's cognisance order and subsequent judicial remand order in a money laundering case. Justice Neena Bansal Krishna, who heard the matter, has sought a response from the ED and scheduled the next hearing for August 22, 2024. Senior Advocate N Hariharan and Advocate Mayank Jain ...

September 16, 2024 6:09 PM

Delhi High Court denies bail to BRS leader K Kavitha in excise policy case

The Delhi High Court has dismissed the bail petitions of Bharat Rashtra Samithi (BRS) leader K Kavitha in both the CBI and ED cases related to the Delhi Excise Policy. Justice Swarna Kanta Sharma delivered the verdict on Monday, following a hearing where the order was reserved on May 28. Kavitha, who was arrested by the Enforcement Directorate on March 15 and subsequently by the Central Bureau of Investigation on April 11, had sought bail citing various grounds, including her role as a mother o...

September 16, 2024 6:16 PM

Delhi High Court stays Arvind Kejriwal’s bail

The Delhi High Court has stayed the trial court's order granting bail to Delhi Chief Minister Arvind Kejriwal in a money laundering case linked to the alleged excise policy scam. The court announced it would pass an order on the Enforcement Directorate's (ED) plea within two to three days. The ED challenged the June 20, 2024 order of the Rouse Avenue court that had granted bail to Kejriwal. The agency argues that the trial court's decision was made without providing adequate opportunity for the...