Enforcement Directorate (ED)

ED, Bengaluru has carried out search operation under FEMA, 1999, in the case of Mohammed Iqbal & others in the districts of Udupi and Shimoga, Karnataka on 19.06.2025. Incriminating documents found and seized during the search action indicate that Mohammed Iqbal, an NRI and Doha based businessman had remitted funds to the tune of Rs.70 crore to his NRE/ NRO accounts maintained in India and subsequently the said funds were utilised for various purposes in violation of FEMA provisions

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PRESS RELEASE 23.6.2025 Directorate of Enforcement (ED), Bengaluru Zonal Office has carried out search and seizure operation unde r FEMA, 1999, in the case of Mohammed Iqbal & others, covering…

Continue ReadingED, Bengaluru has carried out search operation under FEMA, 1999, in the case of Mohammed Iqbal & others in the districts of Udupi and Shimoga, Karnataka on 19.06.2025. Incriminating documents found and seized during the search action indicate that Mohammed Iqbal, an NRI and Doha based businessman had remitted funds to the tune of Rs.70 crore to his NRE/ NRO accounts maintained in India and subsequently the said funds were utilised for various purposes in violation of FEMA provisions

ED, Kolkata has conducted search operations against M/s. Shri Shyam Bearing Pvt. Ltd. and others in connection with money laundering allegations in a bank fraud case. The said entity and the connected persons had wrongfully caused loss of Rs.12.08 Crore to SBI. During the search operations, various incriminating documents, Cash amounting to Rs. 10.10 Lakh and Gold jewellery weighing 2.752 Kg valued at Rs.2.57 Crore were seized

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PRESS RELEASE 20/06/2025 Directorate of Enforcement (ED), Kolkata Zonal Office has conducted a search operation on 19/06/2025 in the matter of M/s. Shri Shyam Bearing Ltd. in a bank fraud…

Continue ReadingED, Kolkata has conducted search operations against M/s. Shri Shyam Bearing Pvt. Ltd. and others in connection with money laundering allegations in a bank fraud case. The said entity and the connected persons had wrongfully caused loss of Rs.12.08 Crore to SBI. During the search operations, various incriminating documents, Cash amounting to Rs. 10.10 Lakh and Gold jewellery weighing 2.752 Kg valued at Rs.2.57 Crore were seized

ED, Ranchi has provisionally attached movable assets worth Rs. 43.55 Lakh under PMLA, 2002, in the form of bank deposits, mutual funds, insurance policies, and equity shares held in the names of Santosh Kumar and others, in connection with a large-scale embezzlement case involving the Drinking Water and Sanitation Department (DWSD), Ranchi. Total value of assets seized, frozen, or attached in the case so far Rs. 2.75 Crore (approx.)

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Press Release 14.06.2025 Directorate of Enforcement (ED), Ranchi Zonal Office has provisionally attached movable assets worth Rs. 43.55 Lakh under the provisions of the Prevention of Money Laundering Act (PMLA),…

Continue ReadingED, Ranchi has provisionally attached movable assets worth Rs. 43.55 Lakh under PMLA, 2002, in the form of bank deposits, mutual funds, insurance policies, and equity shares held in the names of Santosh Kumar and others, in connection with a large-scale embezzlement case involving the Drinking Water and Sanitation Department (DWSD), Ranchi. Total value of assets seized, frozen, or attached in the case so far Rs. 2.75 Crore (approx.)

ED, Bangalore has provisionally attached Rs.1.80 Crore (approx.) of Tax deducted at source (TDS) credited against fraudulently obtained PAN in Karnataka Industrial Area Development Board(KIADB), Dharwad ‘double compensation scam’ under the provisions of the PMLA, 2002. This scam was perpetrated by VD Sajjan (Retired Special Land Acquisition Officer, Dharwad) in collusion with other accused persons. ED has attached assets worth Rs. 12.80 Crore (approx.) in this case so far

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PRESS RELEASE 17.06.2025 Directorate of Enforcement (ED), Bangalore Zonal Office, has provisionally attached Rs.1.80 Crore (approx) of Tax deducted at source (TDS) credited against fraudulently obtained PAN in Karnataka Industrial…

Continue ReadingED, Bangalore has provisionally attached Rs.1.80 Crore (approx.) of Tax deducted at source (TDS) credited against fraudulently obtained PAN in Karnataka Industrial Area Development Board(KIADB), Dharwad ‘double compensation scam’ under the provisions of the PMLA, 2002. This scam was perpetrated by VD Sajjan (Retired Special Land Acquisition Officer, Dharwad) in collusion with other accused persons. ED has attached assets worth Rs. 12.80 Crore (approx.) in this case so far

ED, Shimla has filed two Supplementary Prosecution Complaints (SPCs) in the Himachal Pradesh Scholarship Scam case under the provisions of the PMLA, 2002 before the Hon’ble Special Court (PMLA), Shimla on 28.03.2025. The Hon’ble Special Court (PMLA), Shimla has taken cognizance of both the SPCs on 01.05.2025

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Press Release 06.05.2025 Directorate of Enforcement (ED), Shimla has filed two Supplementary Prosecution Complaints (SPCs) in the Himachal Pradesh Scholarship Scam case under the provisions of the Prevention of Money…

Continue ReadingED, Shimla has filed two Supplementary Prosecution Complaints (SPCs) in the Himachal Pradesh Scholarship Scam case under the provisions of the PMLA, 2002 before the Hon’ble Special Court (PMLA), Shimla on 28.03.2025. The Hon’ble Special Court (PMLA), Shimla has taken cognizance of both the SPCs on 01.05.2025