The Latest Breaking News from ED

ED freezes TMC's bank deposits worth Rs 440 crore under PMLA

The Enforcement Directorate froze TMC bank deposits totaling Rs 440 crore. This action follows searches related to a funds misappropriation case. About Rs 160 crore was transferred from TMC accounts to Carewell Aviation. This company allegedly routed funds to purchase a business jet and helicopter. These assets were then rented…

The Economic Times · Jul 8

Mahadev app promoter detained in Oman; India seeks repatriation

Sourabh Chandrakar, the absconding Mahadev betting app founder, has been detained in Oman. Indian authorities are seeking his extradition or deportation from the country. Chandrakar was detained based on an Interpol Red Notice issued by Indian probe agencies. The Mahadev app case involves alleged proceeds of crime amounting to Rs…

The Economic Times · Jul 8

TMC bank accounts debit-freeze, Calcutta High Court adjourns hearing till Thursday

A private bank reported to the Calcutta High Court regarding frozen Trinamool Congress accounts. The court adjourned the hearing after noting the solicitor general's personal difficulty. The Mamata Banerjee-led faction challenged the debit freeze of three party bank accounts. The court is considering appointing retired judges as special officers for…

The Economic Times · Jul 8

ED tells Delhi Court Robert Vadra allegedly exercised 'ultimate control' over London property

Appearing before the Court, the ED submitted that the present filing is a supplementary prosecution complaint and that cognisance in the case has already been taken with respect to the offence. The agency argued that, in law, cognisance is taken of the offence and not the offender, and therefore issuance…

The Economic Times · Jul 4

First ever: ED auctions seized aircraft Hawker 800A in Falcon scam

In a significant move, the Enforcement Directorate has successfully auctioned a Hawker 800A aircraft for Rs 3 crore. This marks the first time the ED has disposed of an aircraft. The plane was seized in connection with a Rs 792 crore bogus invoice discounting scam run by Capital Protection Force…

The Economic Times · Jul 3

ED attaches Rs 58-crore assets of wife of Bhushan Steel's ex-promoter

The Enforcement Directorate has seized over Rs 58 crore in assets belonging to Ritu Singal, wife of former Bhushan Steel promoter Neeraj Singal. This action is part of a money laundering probe into alleged fund diversion from Bhushan Steel, causing a massive loss to financial institutions. The agency previously attached…

The Economic Times · Jul 2

ED questions CMRL Joint MD again in CMRL-Exalogic money laundering probe

The Enforcement Directorate (ED) has questioned Sharan S Kartha, Joint Managing Director of CMRL, for the second time in a money laundering probe. The investigation centers on alleged financial transactions between CMRL and Exalogic Solutions Pvt Ltd, owned by former Kerala CM Pinarayi Vijayan's daughter, Veena T. The ED is…

The Economic Times · Jun 29

Shiv Sena strong despite split, Aaditya has capability to lead: Uddhav Thackeray

Shiv Sena (UBT) MP Sanjay Raut asserted the party's resilience despite recent defections, attributing the exodus to greed for power and money. He expressed confidence in Aaditya Thackeray's leadership potential, stating the younger generation must take command. Raut challenged the defecting MPs to face public scrutiny, claiming the party cadre…

The Economic Times · Jun 26

Govt to amend NDPS Act to plug loopholes exploited by narco syndicates: Amit Shah

Union Home Minister Amit Shah announced plans to amend the NDPS Act to combat drug syndicates, emphasizing a strict approach against peddlers. He highlighted significant increases in drug seizures and value between 2014-2026 compared to the previous decade. Shah urged states to share suggestions for amendments and ensure real-time crime…

The Economic Times · Jun 26

Washington gutted the office that manages your student loans. Next week, it has to reinvent them

On July 1, the biggest student loan overhaul in decades kicks in. The agency running it lost 40% of its staff and is blocking its own watchdog from seeing the damage.

Fortune · Jun 26