The Latest Breaking News from ED

Bank scam | Former Kerala Minister A.C. Moideen appears before ED

The CPI (M ) State committee member and former State Minister A. C. Moideen appeared before the Directorate of Enforcement (ED) officials at Kochi on Monday in connection with the Karuvannur cooperative bank scam. He had skipped the two summonses issued by the agency earlier to question him. The investigation…

The Hindu · Sep 11, 2023

Morning Digest | Djokovic downs Medvedev in U.S. Open to win record-tying 24th Slam; Turkey President says any grain initiative that isolates Russia is bound to fail, and more

The Hindu’s Morning Digest brings readers a select list of stories to start the day

The Hindu · Sep 11, 2023

ED serves notice to Trinamool Congress leader Abhishek Banerjee in West Bengal recruitment scam

Abhishek Banerjee has been served a notice by ED to appear on September 13, same day as INDIA coordination committee meeting in Delhi. He has been questioned by central agencies in past for coal pilferage scam.

The Hindu · Sep 10, 2023

PM Modi only believes in ‘one man, one government, one business group’: Congress

The Congress attacked the government over the Adani issue, saying the G20 theme is ‘One Earth, One Family, One Future’ but Prime Minister Narendra Modi seems to actually believe in “One man, one government, one business group”.

The Hindu · Sep 9, 2023

ED attaches assets worth ₹3.43 crore in cheating case

ED attaches assets worth ₹3.43 cr. in Morris coin crypto currency case. Assets include bank accounts of M/s Flywithme Mobile LLP and immovable property of Ansari P. Investigation revealed Nishad had collected deposits from investors through his firms in guise of initial coin offer. Money redistributed to investors as profits…

The Hindu · Sep 9, 2023

Accused in Karuvannur bank scam benami of MLA and ex-MP, ED tells PMLA court

ED alleges Satheesh Kumar is benami of ex-MP, sitting MLA & high-ranking police officers. Forensic examination of his mobile phone revealed his association with high-profile political leaders. Jijor, acting as middleman, stated Satheesh was managing funds of high-profile persons & involved in ₹500 crore money-lending business. Illegal loans availed by…

The Hindu · Sep 8, 2023

I-T notices: More skeletons will tumble out of Naidu’s closet, says Sajjala Ramakrishna Reddy

YSRCP govt determined to investigate kickbacks allegedly received by N. Chandrababu Naidu during TDP term. Sajjala Ramakrishna Reddy, YSRCP State general secretary, asserts govt determined to uncover any potential association between individuals involved & extent of alleged corruption. CID to probe if any commonalities between I-T scam & A.P. Skill…

The Hindu · Sep 6, 2023

ED attaches properties of two companies

The Directorate of Enforcement (ED) has provisionally attached immovable and movable properties including residential sites, commercial properties, and a farmhouse located in Bengaluru worth ₹104.9 crore, and cash of ₹14.5 lakh belonging to Bharath Infra Exports and Imports Ltd. in a bank fraud case.

The Hindu · Sep 5, 2023

Gangula refutes allegations against his family-owned granite firm

ED issues showcause notice to Karimnagar granite firms for alleged FEMA violation to the tune of ₹4.8 cr. ED's investigation found large-scale evasion of seigniorage fee & 'underreporting' of quantity of granite blocks by exporters & 'unaccounted' money transactions. Minister denies allegations.

The Hindu · Sep 5, 2023

Madras High Court orders re-transfer of Senthilbalaji case from special court to sessions court

Madras HC rules against transfer of money-laundering case against Minister to special court for MP/MLA cases. Court orders re-transfer of case to Principal Sessions Court designated by Centre in 2016. G.O. cannot override statutory provision empowering Centre to designate court for PMLA cases. Bail petition to be heard only by…

The Hindu · Sep 4, 2023