The Latest Breaking News from ED

Canada's largest gold heist of 2023: 'Fugitive' Simran Preet Panesar can't leave India; 'If he's hiding, he's hiding in plain daylight'

In 2023, more than $20 million worth of gold was stolen from Toronto Pearson International Airport in what went down in history as Canada's largest gold heist. On April 17, 2023, a cargo shipment arrived at Pearson from Zurich containing approximately 400 kg of .9999-pure gold. After the shipment was…

The Times of India · 14h ago

IRCTC hotel scam: Delhi court defers formal framing of charges against Lalu Yadav, 8 others

A Delhi court has postponed the formal framing of money laundering charges against Lalu Prasad Yadav and others. The court has scheduled the next hearing for October 30 to continue the proceedings. Earlier, the previous court had identified strong evidence against the accused related to the IRCTC hotel scam. It…

The Economic Times · 17h ago

India-led ARIN-AP meet focuses on tracing, confiscation and return of crime assets

The 11th annual general meeting of the Asset Recovery Interagency Network took place in New Delhi. Key topics included tracing illicit assets, confiscation, and asset management strategies. India shared its experiences in asset restoration under the Prevention of Money Laundering Act. The presidency was handed over to Singapore for the…

The Economic Times · 19h ago

Buyers paid Rs 260 crore for Gurgaon plots, waited 14 years as land remained undelivered: ED alleges plots were diverted, arrests Vatika promoters

Anil Bhalla and Gautam Bhalla have been arrested by the Enforcement Directorate in a significant fraud investigation. They are accused of failing to deliver residential plots after buyers paid approximately Rs 260 crore. The allegations include cheating, criminal breach of trust, and criminal conspiracy linked to multiple FIRs filed against…

The Economic Times · Oct 1

Must bring youth into public services who are not attracted by public office: PM Modi

Prime Minister Narendra Modi underlined the importance of recruiting youth for public services focused on public service, saying that recruitment examinations should evaluate not only knowledge but the motivation for civil services. The PM also praised the contributions of UPSC over the past century and emphasised a pro-people governance approach.

The Economic Times · Oct 1

NIA court frames charges against Yasin Malik, 6 others for offence of money laundering; ED alleges foreign funding through Hawala

A Special NIA Court in New Delhi has ordered charges against Yasin Malik and six others for money laundering. The case involves the alleged transfer of Rs 8,94,87,639 through hawala channels from Pakistan for subversive activities. The accused are linked to the Jammu & Kashmir Liberation Front and previous terrorist…

The Economic Times · Oct 1

ED attaches assets worth Rs 442 crore in RummyCulture money laundering case

The Bengaluru Zonal Office issued the provisional attachment order on September 25 under the Prevention of Money Laundering Act (PMLA), 2002. The attached assets include fixed deposits, commercial shops, a villa and residential properties held in the names of family members, private family trusts and entities associated with shareholders of…

The Economic Times · Sep 27

ED attaches fresh assets worth Rs 442 cr in probe against online gaming company Gameskraft

The Enforcement Directorate has attached assets valued at Rs 442 crore linked to Gameskraft Technologies. This action is part of an ongoing money laundering investigation against the online gaming company. The seized properties include fixed deposits, commercial shops, and residential properties belonging to related entities. The agency claims Gameskraft's platforms…

The Economic Times · Sep 27

Ram temple donations pilfered during counting process, 105 instances caught on CCTV: SIT

A Special Investigation Team has unveiled a significant case of embezzlement involving donations meant for the Ram temple in Ayodhya. The investigation has produced a chargesheet documenting 105 instances of illicit cash withdrawal recorded on CCTV. Eight suspects have been apprehended and are in judicial custody, while additional witnesses are…

The Economic Times · Sep 25

'Corruption taking place right under CM's nose': Punjab Congress chief Warring questions ED timing of Punjab raids

Amrinder Singh Raja Warring criticized the Enforcement Directorate's recent investigations into corruption in Punjab. He questioned why the agency became active only before elections. Warring emphasized that significant corruption had occurred under the Chief Minister's watch over the past five years. He also highlighted concerns about potential collusion at high…

The Economic Times · Sep 25