Enforcement Directorate

Vijay Mallya offers to repay banks Rs 4000 crore by September

Industrialist Vijay Mallya, who owes more than Rs 9000 crore to a consortium of 17 banks, today submitted to the Supreme Court a repayment plan of Rs 4000 crore by September this year. The top court has asked the consortium led by the State Bank of India (SBI) to respond to the liquor baron’s proposal. Mallya’s lawyer told the Supreme Court that he had two rounds of meeting through video

Interpol wants copies of IPL contracts under Lalit Modi

According to a report, Interpol has sought contracts and documents on the Indian Premier League under former commissioner Lalit Modi from the Enforcement Directorate (ED). The ED had earlier issued a Red Corner Notice (RCN), using these papers, against Modi on alleged money laundering charges The Interpol’s decision comes a fortnight after the ED replied to its queries on the controversial cricket administrator. The CBI, on September 26, forwarded a letter

ED seeks non-bailable warrant against Lalit Modi

The Enforcement Directorate (ED) on Monday moved special PMLA court seeking issuance of non-bailable warrant (NBW) against former IPL chief Lalit Modi in connection with a money laundering case. The central agency approached the special Prevention of Money Laundering Act (PMLA) Court after Modi, who has made London his home, did not respond to ED summons. “We have moved the Court seeking issuance of an NBW as he has not

Lalit Modi claims Varun Gandhi offered a deal to settle case with Congress

Former IPL chief Lalit Modi, who is accused of financial irregularities and money laundering by the Enforcement Directorate, has now targeted young BJP MP Varun Gandhi, claiming that the latter had met him in London a few years ago and said that he will settle ‘everything’ with the help of his aunt – Congress chief Sonia Gandhi. Lalit Modi made this revelation on social networking site Twitter and dared Varun Gandhi,

Pranab Mukherjee ordered ED probe against me as revenge for Tharoor sacking, claims Lalit Modi

Former IPL chief Lalit Modi has alleged that it was Pranab Mukherjee who had ordered the Enforcement Directorate probe against him in connection with his IPL-related and personal financial transactions. Mukherjee was the finance minister in the UPA-2 government when the ED probe against Lalit Modi was initiated in 2010. Soon after the probe was ordered, Lalit Modi left India and has been living in the United Kingdom since. The

Was Dushyant Singh a loser in deal with Lalit Modi?

Today, it is embarrassing to be linked to former IPL boss Lalit Modi through a business deal. Yet Dushyant Singh, MP and son of Rajasthan Chief Minister Vasundhara Raje has certain logical defences against accusations that he is a beneficiary of Lalit Modi’s largesse that was obtained via Mauritius in a suspect case of Foreign Exchange Management Act (FEMA) violations. A court had earlier struck down investigations under Money Laundering

Chhagan Bhujbal booked under Prevention of Money Laundering Act

A day after the Anti-Corruption Bureau (ACB) conducted searches at various properties belonging to NCP leader Chhagan Bhujbal and his family members, the Enforcement Directorate (ED), Wednesday, booked him under the Prevention of Money Laundering Act. Reports said that ED has registered two cases against him – details are awaited. Yesterday, ACB of the Maharashtra Police had searched various properties belonging to the Bhujbal family in Nashik, Mumbai, Thane and Navi

Mithun Chakraborty surrenders Rs 1.2cr received from Saradha to ED

Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate (ED) an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies for being its brand ambassador. Sources said a team of lawyers and other representatives of the actor reached the probe agency’s office at Salt Lake here and handed over a Demand Draft (DD) to the investigating officer (IO) of the

Funding row: Arvind Kejriwal dares government to arrest him

In a reply to BJP’s mounting attack on AAP’s dubious donations drive, Arvind Kejriwal, on Tuesday, dared the government to “arrest” him and said the party was ready to face the investigation. “The government is in your hands. All the police and investigating agencies are with you. The CBI, Enforcement Directorate, IB and I-T department are with you. If you have the courage why don’t you arrest me,” PTI quoted

Saradha scam: Film maker Aparna Sen questioned by ED

The Enforcement Directorate (ED) on Monday summoned film maker Arpana Sen in connection with her alleged role in the Saradha Chit Fund Scam. The ED will also be questioning West Bengal State Textile Minister Shyamapada Mukherjee for his alleged links to the scam. He said to have sold land to Saradha Chit Fund the stakeholders in Bankura in 2009. The Kolkata-based Saradha Group, ponzi scheme had over 10,000 registered chit

Largest Hawala Scam Worth Rs 5,395 Crore Unearthed In Gujarat

The Enforcement Directorate has detected Hawala transactions worth Rs 5395 crore in Gujarat and has filed charge-sheets against 79 accused. The illegal route was being used for gold payments and property transactions, investigators said. The entire transaction took place from ICICI Bank’s two branches in Surat, as per the officials, between December-January-February. The official termed it as India’s largest hawala scam.According to ED officials in Ahmedabad, the investigation started on