Enforcement Directorate (ED)

ED, Mumbai has conducted search operations on 13/06/2025, under the PMLA, 2002 at 7 locations in Mumbai, Delhi, Chennai and Gurgaon in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website . During the searches, various incriminating documents and digital devices have been found and seized which revealed that OctaFX is routing investor funds through mule accounts by using services of unauthorised payment aggregator. It is also masking payment links to hide themselves from scrutiny. ED has attached/seized/frozen assets worth Rs.160.8 Crore so far including properties in Spain

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Press release 17.06.2025 Directorate of Enforcement (ED), Mumbai Zonal Office has conducted search operations on 13/06/2025, under the Prevention of Money Laundering Act (PMLA), 2002 at 7 locations in Mumbai,…

Continue ReadingED, Mumbai has conducted search operations on 13/06/2025, under the PMLA, 2002 at 7 locations in Mumbai, Delhi, Chennai and Gurgaon in the case of Illegal Online Forex Trading through International Brokers namely OctaFx Trading App and website . During the searches, various incriminating documents and digital devices have been found and seized which revealed that OctaFX is routing investor funds through mule accounts by using services of unauthorised payment aggregator. It is also masking payment links to hide themselves from scrutiny. ED has attached/seized/frozen assets worth Rs.160.8 Crore so far including properties in Spain

ED, Patna has conducted searches on 19.06.2025 at 11 locations in Patna, Nalanda, Ranchi, Lucknow and Kolkata in Bihar Constable Recruitment Scam of 2023. During the searches, several incriminating material, documents and digital devices have been found and seized

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PRESS RELEASE 20.06.2025 Directorate of Enforcement ( ED), Patna Zonal Office has conducted search operations on 19.06.2025 at 11 locations in Patna, Nalanda, Ranchi, Lucknow and Kolkata in Bihar Constable…

Continue ReadingED, Patna has conducted searches on 19.06.2025 at 11 locations in Patna, Nalanda, Ranchi, Lucknow and Kolkata in Bihar Constable Recruitment Scam of 2023. During the searches, several incriminating material, documents and digital devices have been found and seized

UK High Court has once again refused bail to Nirav Modi, the mastermind of USD 1 billion fraud against PNB, hearing his 4 bail application on Thursday i.e. 15.05.2025. After thorough deliberation of arguments of defence (Nirav Modi) with counter arguments of prosecution (Govt. of India), written submissions made by ED (highlighting the money laundering aspects by using shell companies to launder the proceeds to even outside jurisdictions including UK) and keeping in view the sheer quantum of fraud (part of which has already been attached/seized by ED and restituted to the victim banks), the UK High Court rejecting the application, denied bail to Nirav Modi

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PRESS RELEASE 16.05.2025 UK High Court has once again refused bail to Nirav Modi, the mastermind of USD 1 billion fraud against PNB, hearing his 4 th bail application on…

Continue ReadingUK High Court has once again refused bail to Nirav Modi, the mastermind of USD 1 billion fraud against PNB, hearing his 4 bail application on Thursday i.e. 15.05.2025. After thorough deliberation of arguments of defence (Nirav Modi) with counter arguments of prosecution (Govt. of India), written submissions made by ED (highlighting the money laundering aspects by using shell companies to launder the proceeds to even outside jurisdictions including UK) and keeping in view the sheer quantum of fraud (part of which has already been attached/seized by ED and restituted to the victim banks), the UK High Court rejecting the application, denied bail to Nirav Modi

ED, Mumbai has conducted search operations at 13 different locations across Mumbai and Hyderabad under the provisions of the PMLA, 2002 on 14.05.2025 &15.05.2025. The Search operation led to seizure of Rs. 9.04 Crore (approx.) cash and Rs. 23.25 Crore worth of Diamond studded Jewellery & Bullion and large number of incriminating documents

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Press Release 15/05/2025 Directorate of Enforcement (ED), Mumbai Zonal Office has conducted search operations at 13 different locations across Mumbai and Hyderabad under the provisions of the Prevention of Money…

Continue ReadingED, Mumbai has conducted search operations at 13 different locations across Mumbai and Hyderabad under the provisions of the PMLA, 2002 on 14.05.2025 &15.05.2025. The Search operation led to seizure of Rs. 9.04 Crore (approx.) cash and Rs. 23.25 Crore worth of Diamond studded Jewellery & Bullion and large number of incriminating documents

ED, Gurugram Zonal Office has provisionally attached immovable properties worth Rs. 28.36 Crore located at Delhi, Gurugram, Faridabad, Sonipat, Amritsar and Greater Noida under the provisions of PMLA, 2002, in case of M/s Sunstar Overseas Ltd. & Others. The total value of attached assets in the case so far, stands at Rs. 322.55 Crore

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Press Release 27.06.2025 Directorate of Enforcement (ED), Gurugram Zonal Office has provisionally attached immovable properties worth Rs. 28.36 Crore located at Delhi, Gurugram, Faridabad, Sonipat, Amritsar and Greater Noida under…

Continue ReadingED, Gurugram Zonal Office has provisionally attached immovable properties worth Rs. 28.36 Crore located at Delhi, Gurugram, Faridabad, Sonipat, Amritsar and Greater Noida under the provisions of PMLA, 2002, in case of M/s Sunstar Overseas Ltd. & Others. The total value of attached assets in the case so far, stands at Rs. 322.55 Crore