PMLA
ED Arrests Kolkata Consultant in Rs 68 Crore Reliance Power Fake Bank Guarantee Case
Nov 07, 2025 04:32 pm CST
The Enforcement Directorate has arrested Kolkata-based consultant Amar Nath Dutta for his alleged role in a Rs 68 crore fake bank guarantee scheme connected to Anil Ambani's Reliance Power. The fraud involved spoofed email domains and forged documents that caused over Rs 100 crore in losses to Solar Energy Corporation of India.
FATF Recognizes India's ED as Model Agency for Exceptional Asset Recovery Framework
Nov 05, 2025 03:29 pm CST
The Financial Action Task Force (FATF) has praised India's asset recovery system, highlighting the Enforcement Directorate as a "model agency" in its recent report. India's framework for identifying, attaching, and repurposing criminal proceeds is considered one of the most effective among member countries, featuring strong legislative mechanisms, technological integration, and inter-agency coordination that enables swift action against financial crimes.
Anil Ambani's Reliance Group Confirms Business Operations Unaffected by ED's Rs 7,500 Crore Property Attachment
Nov 05, 2025 03:02 am CST
Reliance Group has clarified that ED's attachment of Rs 7,500 crore worth of properties has no impact on its listed companies' operations. Most attached assets belong to Reliance Communications, which has been under insolvency proceedings for six years and is no longer part of the group. Both Reliance Infrastructure and Reliance Power remain debt-free with substantial assets and continue normal business operations despite the ongoing investigation.
Delhi High Court Rules ED Can Attach Appreciated Share Value Linked to Criminal Proceeds Under PMLA
Nov 04, 2025 01:07 am CST
The Delhi High Court has ruled that the Enforcement Directorate can attach any appreciation in share or asset value derived from criminal proceeds under the Prevention of Money Laundering Act, even if the increase results from legitimate market forces. This landmark judgment, delivered by Justices Anil Kshetarpal and Harish Vaidyanathan Shankar, strengthens the ED's ability to trace and seize illicit wealth disguised as legitimate investments.
Delhi High Court Affirms PMLA as Comprehensive Framework for Combating Money Laundering
Nov 04, 2025 12:46 am CST
The Delhi High Court has issued a significant ruling on the Prevention of Money Laundering Act (PMLA), affirming it as a comprehensive legal framework that provides fair procedures while empowering the Enforcement Directorate to combat financial crimes. The judgment clarifies the broad definition of "proceeds of crime," establishes money laundering as a continuing offense, and outlines proper legal remedies against property attachment orders.
Enforcement Directorate Attaches Rs 3,084 Crore Assets of Anil Ambani's Reliance Group in Money Laundering Probe
Nov 03, 2025 12:56 pm CST
The Enforcement Directorate has provisionally attached assets worth Rs 3,084 crore belonging to Anil Ambani's Reliance Group across nine Indian cities. The investigation focuses on alleged diversion and laundering of public funds raised through Reliance Home Finance Limited and Reliance Commercial Finance Limited between 2017-2019, with Yes Bank investments of over Rs 5,000 crore that later became non-performing assets.
PMLA Tribunal Upholds ED's Attachment of Karti Chidambaram's Assets, Rejects Covid Delay Argument
Oct 31, 2025 04:45 pm CST
The Appellate Tribunal under the Prevention of Money Laundering Act has dismissed Karti P. Chidambaram's appeal against the Enforcement Directorate's attachment of his assets, ruling that the delayed prosecution complaint was protected by Supreme Court's Covid-19 limitation extensions. The attachment of his ₹16.05 crore Jor Bagh property share and multiple bank accounts will continue, though possession can only be taken under exceptional circumstances.
Tamil Actors K Srikanth and Krishna Kumar Summoned by ED in Cocaine-Related Money Laundering Investigation
Oct 24, 2025 02:55 pm CST
The Enforcement Directorate has summoned Tamil actors K Srikanth and Krishna Kumar for questioning in a money laundering case connected to alleged cocaine trafficking. The investigation stems from a Chennai Police FIR filed in June, with both actors previously arrested and later granted conditional bail by the Madras High Court in July. Former AIADMK functionary T Prasad was also arrested for allegedly supplying cocaine to Srikanth and others.
Reliance Power CFO Arrested by ED in Rs 68 Crore Bank Guarantee Fraud Investigation
Oct 16, 2025 08:05 pm CST
The Enforcement Directorate has arrested Ashok Kumar Pal, Executive Director and CFO of Reliance Power Limited, in connection with an alleged Rs 68 crore fake bank guarantee case. Pal has been placed in judicial custody following extensive questioning, with Reliance Power claiming to be a victim of third-party fraud while distancing Anil Ambani from the matter. The arrest follows broader ED investigations into Reliance Group companies.
ED Charges YouTuber Elvish Yadav and Singer Fazilpuria in Wildlife Protection Money Laundering Case
Oct 16, 2025 06:22 pm CST
The Enforcement Directorate has charged YouTuber Elvish Yadav and singer Rahul Fazilpuria in a money laundering case for using protected wildlife species in their videos. The investigation revealed illegal earnings from YouTube content, resulting in the attachment of assets worth Rs 52 lakh under the Prevention of Money Laundering Act.