Enforcement Directorate (ED)

ED has issued Show Cause Notice (SCN) to M/s One97 Communication Ltd (Parent company of Paytm), and its Managing Director and others for the contraventions of provisions of FEMA, 1999

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PRESS RELEASE 03/03/2025 Directorate of Enforcement (ED) has issued Show Cause Notice (SCN) to M/s One 97 Communication Ltd (Parent company of Paytm), and its Managing Director and others for…

Continue ReadingED has issued Show Cause Notice (SCN) to M/s One97 Communication Ltd (Parent company of Paytm), and its Managing Director and others for the contraventions of provisions of FEMA, 1999

ED, Chandigarh has conducted search operations on 03.03.2025, under the PMLA, 2002 at various locations in Chandigarh and Panchkula in the case of M/s Polo Hotels Ltd and others. During the search, various incriminating documents, digital devices and bank balance of Rs. 82 Lakh have been recovered and seized/frozen

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Press Release 4/03/2025 Directorate of Enforcement (ED), Chandigarh Zonal Office has conducted search operations on 03.03.2025, under the Prevention of Money Laundering Act (PMLA), 2002 at various locations in Chandigarh…

Continue ReadingED, Chandigarh has conducted search operations on 03.03.2025, under the PMLA, 2002 at various locations in Chandigarh and Panchkula in the case of M/s Polo Hotels Ltd and others. During the search, various incriminating documents, digital devices and bank balance of Rs. 82 Lakh have been recovered and seized/frozen

ED, Mumbai Zonal office has conducted search operation at 4 premises in Mumbai and Delhi on 28.02.2025 under the provisions of the PMLA, 2002 in a case of Collective Investment Scheme in violation against M/s Pancard Clubs Limited (PCL) & others

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Press Release 03/03/2025 Directorate of Enforcement (ED), Mumbai Zonal office has conducted search operation at 4 premises in Mumbai and Delhi on 28.02.2025 under the provisions of the Prevention of…

Continue ReadingED, Mumbai Zonal office has conducted search operation at 4 premises in Mumbai and Delhi on 28.02.2025 under the provisions of the PMLA, 2002 in a case of Collective Investment Scheme in violation against M/s Pancard Clubs Limited (PCL) & others

ED has successfully restored Rs. 274.60 Crore to victims in the case of M/s PSL Limited, ensuring the Proceeds of Crime are returned to rightful claimants

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Press Release 28.02.2024 In a significant move to restore the Proceeds of Crime (POC) to rightful claimants, the Directorate of Enforcement (ED), Delhi Zonal office has successfully restituted property valued…

Continue ReadingED has successfully restored Rs. 274.60 Crore to victims in the case of M/s PSL Limited, ensuring the Proceeds of Crime are returned to rightful claimants

The Asset Disposal Committee (ADC) presided by Justice Dilip Kr Seth (Retd.) and comprising of officials of ED achieved a significant milestone in disbursing an amount of further Rs. 2.29 Crore to 3762 victims/ depositors of Rose Valley Ponzi Scheme – The present disbursal has taken the total amount disbursed so far to Rs. 21,98,26,744 to 32,319 victims.

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Press Release 28.02.2025 The Asset Disposal Committee (ADC) presided by Justice Dilip Kr Seth (Retd.) and comprising of officials of ED achieved a significant milestone in disbursing an amount of…

Continue ReadingThe Asset Disposal Committee (ADC) presided by Justice Dilip Kr Seth (Retd.) and comprising of officials of ED achieved a significant milestone in disbursing an amount of further Rs. 2.29 Crore to 3762 victims/ depositors of Rose Valley Ponzi Scheme – The present disbursal has taken the total amount disbursed so far to Rs. 21,98,26,744 to 32,319 victims.