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Investigators claimed the company showed unusual business indicators, including a 40% stock mismatch, suspicious offshore transactions, and alleged fund diversion through overseas entities
Money Laundering

Rajesh Exports failed to produce records related to foreign transactions: ED

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Missing records, offshore links, and stock mismatch: ED's case against Rajesh Exports The Enforcement Directorate (ED) on Wednesday alleged that the key business indicators of...
ED cites alleged FDI and foreign remittance violations; adjudicating authority calls contraventions “substantial and systemic”
Law and Order

ED slaps Rs.184-cr FEMA penalty against NewsClick, promoter Prabir Purkayastha

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ED finds ‘systemic’ FEMA breaches, penalises NewsClick The Enforcement Directorate (ED) on Monday said it has imposed a Rs.184-crore FEMA penalty against news portal NewsClick...
ED has frozen multiple Reliance Infrastructure accounts, alleging that NHAI project funds were siphoned to shell companies and illegally routed to the UAE as fake diamond imports, forming part of a Rs.600 cr hawala network
Law and Order

ED seizes 13 bank accounts of Anil Ambani’s Reliance Infra over...

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ED seizes Rs.55 cr from Reliance Infrastructure in hawala-linked FEMA probe The Enforcement Directorate (ED) on Wednesday said it has seized more than a dozen...
40 luxury cars seized as investigation expands across South India
Law and Order

Dulquer Salmaan’s house, 17 locations raided by ED in luxury car...

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Luxury car smuggling probe widens as ED searches homes of top Malayalam actors The Enforcement Directorate (ED) on Tuesday conducted raids at the home of...
A bench of Justices P S Narasimha and R Mahadevan, however, said Modi will be entitled to avail civil remedies as available according to law
Law and Order

SC junks Lalit Modi’s plea seeking BCCI to pay ED penalty

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SC refuses to entertain Lalit Modi’s plea seeking that BCCI pay the penalty imposed on him by ED The Supreme Court on Monday junked a...
The case pertains to alleged FDI sourced by OSF and the subsequent utilization of these funds in contravention of FEMA guidelines
Money Laundering

ED raids Bengaluru offices of George Soros-backed Open Society Foundations in...

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ED investigates foreign exchange violations linked to OSF funding The Enforcement Directorate (ED) conducted searches in Bengaluru on Tuesday at the offices of Open Society...
Probe revealed that Paytm's flagship firm OCL made foreign investment in Singapore and “did not file necessary reporting to the RBI” for creation of overseas step-down subsidiary, ED said
Money Laundering

ED issues Rs.611-cr FEMA notice to Paytm parent company One 97,...

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ED puts Paytm under its lens for FEMA violations The Enforcement Directorate (ED) on Monday said it has issued a notice to Paytm's parent company,...
The federal probe agency also fined three of its directors with more than Rs.1.14 crore each as it issued an adjudication order against the British broadcaster
Law and Order

ED slaps Rs.3.44 crore penalty on BBC World Service India for...

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BBC World Service India faces trouble as ED imposes penalty The Enforcement Directorate (ED) has levied a penalty of more than Rs.3.44 crore on BBC...
ED’s nationwide search targeted subsidiaries and sellers associated with major e-commerce players
Money Laundering

ED raids on e-commerce sellers linked to Amazon, Flipkart a positive...

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Amazon, Flipkart sellers raided by ED across India amid money laundering allegations The Confederation of All India Traders (CAIT), representing over 8 crore retail traders,...
ED confiscates Rs.89.19 crore properties from the DMK Lok Sabha MP under FEMA violation, under Section 37A of FEMA
Money Laundering

ED slaps DMK MP Jagathrakshakan with Rs.908 crore penalty over FEMA...

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ED penalizes DMK MP in forex violation case On Wednesday, the Enforcement Directorate (ED) said a penalty of Rs.908 crore had been imposed on DMK MP...
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