The Latest Breaking News from ED

Central university in Chhattisgarh to replace 'India' with 'Bharat' in degrees, marksheets

Guru Ghasidas Central University in Bilaspur, Chhattisgarh, will replace 'India' with 'Bharat' on marksheets, degrees, and official communications. The Vice Chancellor cited the G20 Summit's use of 'Bharat' by the President as inspiration, emphasizing the name's deep cultural and historical roots. This move aims to reinforce the nation's traditional nomenclature,…

The Economic Times · Jun 20

ED case against five Bengaluru-based entities for 'unauthorised' cross-border crypto transactions

The Enforcement Directorate has initiated a FEMA probe into five companies located in Bengaluru for their alleged involvement in unauthorized cross-border transactions amounting to Rs 2,500 crore through cryptocurrency. Investigations uncovered significant regulatory evasion via online ads promoting immediate fiat-to-crypto swaps and the establishment of shell companies. Consequently, the ED…

The Economic Times · Jun 19

FEMA probe against Apollo Hospitals, 5 directors closed after compounding order: ED

A foreign exchange violation case against Apollo Hospitals and five directors has been terminated. The Reserve Bank of India issued a compounding order. Apollo Hospitals Enterprises Limited made a one-time payment of over Rs 17.76 crore. The executives also paid Rs 18 lakh each. This settlement resolves alleged contraventions totalling…

The Economic Times · Jun 17

Homebuyers 'fraud' case: ED attaches fresh assets worth Rs 503 crore of Raheja Developers

The Enforcement Directorate has attached fresh assets worth approximately Rs 503 crore in a money-laundering probe against Raheja Developers and its promoter Navin M Raheja. This action is part of an investigation into alleged fraud against homebuyers, with the agency claiming substantial funds were diverted from projects. The total attached…

The Economic Times · Jun 15

Kolkata Municipal Corporation elections to be held in December: CM Suvendu Adhikari

Kolkata Municipal Corporation elections will be held by December this year. Chief Minister Suvendu Adhikari made the announcement. This follows the dissolution of the Trinamool Congress-controlled body. An administrator is currently in charge. Elected representatives will return through polls within the year. Services are considered emergency services. Elections will be…

The Economic Times · Jun 15

TMC MLA Rathin Ghosh leaves ED office after questioning in municipality recruitment scam probe

TMC MLA and former West Bengal minister Rathin Ghosh left the Enforcement Directorate office in Kolkata after participating in the agency's probe into the alleged municipality recruitment scam. The ED is investigating alleged irregularities in municipal recruitments, with Ghosh appearing before officials as part of the ongoing inquiry.

The Economic Times · Jun 15

NCPI welcomes merger with 20 rebel MPs from TMC: 'Why won't I be happy if my party grows?'

Dey said that the decision about the merger from NCPI was taken by the party president, Shewly Kundu, adding that he remains committed to the party's growth and expressed a willingness to engage with the new members to support Prime Minister Narendra Modi and work with the BJP-led National Democratic…

The Economic Times · Jun 15

West Bengal court issues arrest warrant against Abhishek Banerjee aide in land scam case

An arrest warrant has been issued for Sumit Roy, a close associate of TMC leader Abhishek Banerjee. Roy is wanted in connection with a land scam case in Paschim Medinipur district. Police have been unable to locate him despite extensive searches. Roy has approached the Calcutta High Court seeking anticipatory…

The Economic Times · Jun 15

'Truth will come out': BJP's Nisith Pramanik as Abhishek Banerjee faces ED questioning

Abhishek Banerjee appeared before the Enforcement Directorate for questioning in the teacher recruitment scam. A BJP leader expressed faith in the system to uncover the truth. The ED is investigating alleged irregularities in primary teacher recruitment. Properties worth crores have been attached. Thousands of appointments were quashed by the Supreme…

The Economic Times · Jun 15

Congress slams PM Modi's 'blind devotion to Israel', says national interest demands greater balance

Congress has criticized the Modi government's foreign policy. They state Pakistan's influence is growing, posing a challenge alongside China's ties. A US-Iran peace deal is welcomed. This agreement aims to halt hostilities in West Asia. The Strait of Hormuz reopening will bring relief. However, economic issues persist. These concerns predate…

The Economic Times · Jun 15