shell companies

New Delhi, March 18 – The Enforcement Directorate (ED) has returned immovable properties worth approximately Rs 650 crore to 2,312 genuine homebuyers in connection with the money laundering investigation against the SRS Group, officials said on Wednesday.The return of the properties was...

Kohima, March 17 – The Enforcement Directorate's (ED) Dimapur Sub Zonal Office has provisionally attached 94 bank accounts involving proceeds of crime worth approximately Rs 10.24 crore in connection with the HPZ Token investment scam, officials said on Tuesday.The attachment was carried out...

New Delhi, March 17 The Enforcement Directorate has recovered immovable assets worth Rs 650 crore for over 2,300 homebuyers as part of an investigation into money laundering against Faridabad-based real estate company SRS Group, officials said on Tuesday.They said a special provision in the...

Chandigarh, March 13 – The ED conducted searches at 19 premises across Chandigarh, Mohali, Panchkula, Gurgaon, and Bangalore in connection with the IDFC First Bank case involving the embezzlement of public funds amounting to Rs 597 crore, an official said on Friday.During the searches, more...

New Delhi, March 13 The Enforcement Directorate said on Friday that it has frozen 90 bank accounts following recent searches in the IDFC First Bank-linked money laundering case, where an alleged sum of ₹590 crore of Haryana government funds is said to have been siphoned off.The federal...

Chandigarh, March 12 – The investigation into the IDFC First Bank scam has revealed that the main accused created several shell companies and illegally transferred government funds to various accounts, said Additional Director General of Police Charu Bali, who is posted with the State Vigilance...

New Delhi, March 12 The Enforcement Directorate said on Thursday that it has attached fresh assets worth more than ₹581 crore as part of its investigation against RHFL and RCFL, companies of Reliance Group Chairman Anil Ambani.A provisional order was issued under the Prevention of Money...

New Delhi, March 12 – The Central Bureau of Investigation (CBI) conducted coordinated searches at 15 locations across Delhi, Rajasthan, Uttar Pradesh, and Punjab in connection with a large-scale, organized online investment and part-time job fraud, an official statement said on Thursday.The...

New Delhi, March 12 The CBI has conducted searches at 15 locations across multiple states in connection with a large-scale online financial fraud involving the overseas fintech platform 'Pyypl', officials said on Thursday.The Central Bureau of Investigation (CBI) is now seeking custody of the...

Chandigarh/New Delhi, March 11 The Enforcement Directorate has registered a money laundering case and conducted searches at multiple locations on Wednesday in connection with the alleged embezzlement of Rs 590 crore from the accounts of the Haryana government, maintained with IDFC First Bank, in...

New Delhi, March 11 The Enforcement Directorate conducted searches at 19 locations on Wednesday in connection with alleged embezzlement of ₹590 crore from the accounts of the Haryana government, maintained with IDFC First Bank in Chandigarh, sources said.The agency conducted searches in...

Chandigarh, March 9 The Punjab Police have frozen properties worth over Rs 600 crore, belonging to drug smugglers, over the past two years as part of intensified efforts to dismantle the financial networks involved in narcotics trafficking in the state.Officials said on Monday that Punjab...

Chandigarh, March 9 – The Punjab Police announced on Monday that they had frozen properties worth more than ₹600 crore, linked to drug traffickers, over the past two years, marking a major achievement in their ongoing crackdown on the drug economy in the state.Notably, Punjab accounted for 50...

Kanpur (UP), March 3 The Kanpur police have unearthed an organized GST fraud racket in which the accused allegedly used identity documents of poor and unsuspecting individuals to float fake firms and route transactions worth nearly Rs 250 crore, a senior official said on Tuesday.Two people...

New Delhi, March 2 Fino Payments Bank, whose Managing Director and CEO Rishi Gupta was arrested by the Directorate General of GST Intelligence (DGGI) on Monday, said the bank had not evaded any GST dues and was compliant with all regulations."The DGGI's investigation was related to the program...

New Delhi, February 28 The Directorate of Goods and Services Tax Intelligence (DGGI) is investigating GST evasion by Fino Payments Bank, which is suspected of using shell companies and payment aggregators to channel illicit funds generated by online money gaming, sources said on Saturday."The...

Bengaluru, February 28 – The Directorate General of Goods and Services Tax Intelligence (DGGI), Belagavi Zonal Unit, has uncovered a large-scale fake Input Tax Credit (ITC) scheme involving fraudulent invoices totaling approximately ₹593 crore. The alleged mastermind has been arrested in...

New Delhi, February 26 – The Enforcement Directorate (ED) has submitted the prosecution sanction order received from the competent authority against senior Congress leader and former Union Finance Minister P. Chidambaram in connection with the alleged INX Media money laundering case before the...

New Delhi, February 26 – The Enforcement Directorate (ED) has said it wants a speedy trial against Congress leader P. Chidambaram in two money laundering cases – the Aircel-Maxis deal and the INX Media case – as it has submitted the required sanction for prosecution against the former Union...

Jaipur, February 25 The Rajasthan Cabinet on Wednesday approved a series of key economic and industrial decisions, including the formation of a Revenue Intelligence and Economic Offences Directorate and a new industrial park promotion policy aimed at boosting investment and employment in the...