The Latest Breaking News from Enforcement Directorate

Court allows ED access to SFIO documents in CMRL-Exalogic money laundering case

A court has granted the Enforcement Directorate access to documents from the Serious Fraud Investigation Office. These documents are crucial for a money laundering investigation involving CMRL and Veena T. The ED is examining transactions that could be proceeds of crime.

The Economic Times · Jun 8

Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore

Hindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs 5,000 crore. The proposed divestment comes amid broader disinvestment efforts, with recent stake sales in Coal India and NHPC.

The Economic Times · Jun 5

FEMA case against Myntra closed following compounding: ED

Myntra's foreign exchange violation probe has concluded after the RBI issued a compounding order. The Enforcement Directorate gave its no objection, allowing the e-commerce platform to settle alleged FEMA contraventions involving over Rs 45 crore with a one-time payment of Rs 2.88 lakh. This move aligns with the government's 'ease…

The Economic Times · Jun 4

ED arrests 4 promoters in Rs 2,004-crore homebuyer fraud case involving over 19,000 buyers

The Enforcement Directorate has arrested four promoters of Earth Infrastructures Ltd. This action is part of a money laundering probe into an alleged Rs 2,004-crore homebuyer fraud. Over 19,000 buyers and investors were affected. The accused were taken into custody for interrogation. The agency alleges funds were siphoned off, leaving…

The Economic Times · Jun 2

ED raids in Maharashtra, Gujarat in Salim Dola drugs case

The Enforcement Directorate conducted raids across Maharashtra and Gujarat. The probe targets Mohammad Salim Dola, an alleged drug trafficker linked to the Dawood gang. Dola was recently extradited to India from Turkiye. Searches are underway at locations connected to chemical suppliers, traders, accountants, and hawala operators. This action follows a…

The Economic Times · Jun 2

ED searches against Vedanta Group in FEMA case

Vedanta Group FEMA Case: The Enforcement Directorate is searching Vedanta Group properties in Delhi and Mumbai. This action is part of an investigation into alleged violations of the Foreign Exchange Management Act. The specific nature of these violations has not been officially revealed. The company's statement is awaited. Vedanta, a…

The Economic Times · Jun 2

ED arrests realty businessman Vikram Wadhwa in Rs 645 crore IDFC First Bank fraud case

Real estate businessman Vikram Wadhwa has been arrested by the Enforcement Directorate. The arrest is linked to an alleged Rs 645 crore fraud. The investigation involves accounts maintained with IDFC First Bank. Funds were allegedly siphoned from government and school accounts. Wadhwa is considered a key accused in the conspiracy.…

The Economic Times · Jun 1

SC asks Karnataka HC to expeditiously decide ED-Embassy dispute, declines to interfere with interim order

A Bench of Justice Dipankar Datta and Justice Augustine George Masih passed the order while hearing a Special Leave Petition filed by the Enforcement Directorate (ED) against an interim order of the Karnataka High Court in proceedings involving Embassy East Business Park Pvt. Ltd. and others.

The Economic Times · Jun 1

Congress adopting 'narrow-minded' stand on Enforcement Directorate action against opposition parties: Pinarayi Vijayan

Former Kerala Chief Minister Pinarayi Vijayan criticizes the Congress party. He states the Congress only objects to Enforcement Directorate actions when its own leaders are targeted. Vijayan claims the BJP uses the ED in a biased manner against opposition parties. He calls for unity against such moves. Searches were conducted…

The Economic Times · May 29

SC seeks Centre, ED responses on plea alleging Rs 14,000 crore diversion in Noida, Yamuna Expressway housing projects

The Supreme Court has issued notices to the Centre, Enforcement Directorate, RBI, Uttar Pradesh authorities, and several real estate firms. This follows a plea alleging diversion of thousands of crores collected from homebuyers in Noida and Yamuna Expressway projects. Advocate Prashant Bhushan highlighted a pattern of developers diverting funds and…

The Economic Times · May 28