The Latest Breaking News from ED

Abhishek Banerjee rules out TMC return for 'traitors' who crossed over to dissident factions

TMC leader Abhishek Banerjee made it clear that no traitors will be welcomed back into the party, highlighting the vital contribution of the youth in shaping national politics. He praised student protests for compelling political recognition of their needs and dared BJP leaders to engage with them directly. Banerjee reinforced…

The Economic Times · Aug 28

ED arrests 2 in Rs 30,000 crore pan-India cyber fraud case

The Enforcement Directorate has made two arrests in Mumbai related to a vast cyber fraud operation, part of a money laundering investigation involving a staggering Rs 30,000 crore. The crackdown was prompted by a case in Goa, where a woman fell prey to digital arrest scams, losing Rs 2.60 crore.

The Economic Times · Aug 24

KPSC 'scam' case: ED raids IAS officer Gangwar's premises in Karnataka, UP

The Enforcement Directorate raided IAS officer Gyanendra Kumar Gangwar's properties in Bengaluru and Bareilly. This action is part of a money laundering investigation into KPSC exam irregularities. The probe involves allegations of bribery, paper leaks, and OMR sheet tampering. Karnataka Home Minister Priyank Kharge clarified Gangwar's absence was due to…

The Economic Times · Aug 23

No politics in 'Operation Toofan', applies equally to all: Keralam Home Minister

Kerala Home Minister Ramesh Chennithala stated the anti-narcotics drive is apolitical. Operation Toofan will treat all individuals equally, regardless of affiliation. The minister highlighted significant changes achieved during the operation's duration. He also commented on the ED's probe into a case involving the former Chief Minister's daughter.

The Economic Times · Aug 20

West Bengal govt seeks custodial interrogation of Abhishek Banerjee's aide in land-grabbing case

West Bengal government informed the Supreme Court that Sumit Roy is not cooperating with the probe. The court had previously stayed Roy's arrest in the Salboni land-grabbing case. Roy's anticipatory bail plea was rejected by the Calcutta High Court earlier this month. The state government requested the withdrawal of protection…

The Economic Times · Aug 19

If sitting CM commits an offence, can CBI investigate it? ED asks Supreme Court to decide

The Enforcement Directorate urged the Supreme Court to decide CBI's power to investigate a sitting chief minister. This plea arose from an alleged obstruction during a search of a political consultancy firm. The court heard arguments regarding the transfer of investigation to the CBI. The Solicitor General requested a decision…

The Economic Times · Aug 18

AAP's Satyendar Jain arrested in alleged Jal Board corruption case

AAP leader and former Delhi minister Satyendar Jain has been arrested by the Delhi government's Anti-Corruption Branch in connection with an alleged corruption case involving the Delhi Jal Board during the previous government. Five others, including a former DJB CEO, contractual consultant and three private persons, were also arrested.

The Economic Times · Aug 18

TMC paid Rs 160 crore to aviation firm, related entities for jet and helicopter: ED

The Enforcement Directorate is investigating Rs 160 crore transferred from TMC accounts to an aviation firm. This probe includes Rs 82.96 crore routed to a new entity and aircraft purchases. The agency is examining an Rs 88.5 crore interest-free security deposit paid by the party. The Supreme Court declined to…

The Economic Times · Aug 17

Sammaan Capital shares fall 4% after Q1 profit declines 27% YoY to Rs 243 crore, revenue drops 31%

Sammaan Capital reported a 27% YoY decline in consolidated profit to Rs 243 crore in Q1FY27, while revenue from operations also fell. The company reported Rs 56,239 crore in AUM and Rs 3,875 crore in disbursements, with plans to accelerate growth and reduce funding costs.

The Economic Times · Aug 14

Parliamentary panel backs govt steps to strengthen IBC recovery, seeks deeper action on fund diversion

A parliamentary panel has backed govt efforts to improve insolvency recovery, seeking urgent action to prevent fund diversion during insolvency proceedings. The committee noted a significant gap between avoidance transaction values and actual recoveries.

The Economic Times · Aug 13