Prevention of Money Laundering Act

FM Nirmala Sitharaman Announces Rs 14,000 Crore Returned to Banks from Mallya Asset Sales

18 Dec 2024

Finance Minister Nirmala Sitharaman informed the Lok Sabha that the Enforcement Directorate (ED) has restored assets worth Rs 22,280 crore to victims of various scams on Tuesday. This includes over Rs 14,000 crore returned to banks from the sale of fugitive businessman Vijay Mallya's assets. Additionally, Rs 1,053 crore from...

Delhi HC Questions ED’s Evidence Handling in AAP Leaders’ Excise Case

04 Dec 2024

The Delhi High Court has issued a notice regarding the Enforcement Directorate's (ED) appeal against a trial court's order. This order had directed the ED to provide scanned copies of documents and digital devices, which were not relied upon in the case, to several accused individuals, including former Delhi Chief...

ED Attaches Rs 31.94 Crore Worth of Land in Shri Lakshmi Cotsyn Bank Fraud Case

05 Nov 2024

The Directorate of Enforcement (ED) Lucknow Zonal Office provisionally attached 86 land parcels worth ₹31.94 crore in connection with the Shri Lakshmi Cotsyn bank fraud case. The attachment was carried out under the Prevention of Money Laundering Act (PMLA), 2002, as part of an ongoing investigation into financial irregularities committed...

Delhi Excise Policy Case: HC Likely To Announce Verdict on Arvind Kejriwal’s bail today

25 Jun 2024

The Delhi High Court is expected to announce its decision on Tuesday regarding the Enforcement Directorate's (ED) request to stay the trial court's bail order for Chief Minister Arvind Kejriwal in the money laundering case related to the alleged excise scam. The verdict is scheduled for 2:30 pm. A vacation...

BRS Leader K Kavitha Sent To Judicial Custody In Delhi Excise Policy Case

03 Jun 2024

In a significant development in the Delhi excise policy case, Rouse Avenue Court sent BRS leader K Kavitha to judicial custody on Monday, April 23. Kavitha, the daughter of former Telangana Chief Minister K Chandrasekhar Rao, was presented before the court by the CBI following the expiration of her three-day...

Rajya Sabha MP Kapil Sibal: ‘PMLA is Pradhan Mantri ki Lal Aankh’

21 May 2024

Rajya Sabha MP Kapil Sibal asserted that the Prevention of Money Laundering Act (PMLA) actually stands for "Pradhan Mantri ki Lal Ankh" (PM's glare) and is unrelated to money laundering. "PMLA is Pradhan Mantri ki Lak Aankh. It has nothing to do with Prevention of Money Laundering Act. It means...

ED can’t arrest after special court takes cognizance : SC

17 May 2024

The Supreme Court ruled that the Enforcement Directorate (ED) cannot arrest an accused person after a special court has taken cognizance of the complaint. According to Justices Abhay S. Oka and Ujjal Bhuyan, the ED must request for custody to the appropriate court, which will only grant custody if it...

₹36.75 crore cash seized in Jharkhand’s Ranchi; ED Arrests Sanjiv Lal

08 May 2024

Following the substantial cash seizure of more than ₹36 crore in Ranchi, Jharkhand, the Enforcement Directorate (ED) arrested Sanjiv Lal, the personal secretary to state rural development minister Alamgir Alam, and Lal's maid Jahangir Alam on Tuesday. They appeared before the special Prevention of Money Laundering Act (PMLA) court, which...

Akhilesh Yadav Slams BJP Over Kejriwal’s Arrest

22 Mar 2024

Akhilesh Yadav, the Chief of Samajwadi Party (SP), criticized the BJP following the arrest of Delhi Chief Minister Arvind Kejriwal by the Directorate of Enforcement in a money laundering case related to the now-defunct Delhi excise policy. Yadav stated that the action against the AAP leader would spark a 'mass...

Kejriwal Challenges All ED Summons, Hearing Tomorrow

19 Mar 2024

Delhi Chief Minister Arvind Kejriwal has moved the Delhi High Court, disputing every summons issued to him by the Enforcement Directorate (ED) concerning the excise policy matter. A bench comprising Justice Suresh Kumar Kait and Justice Manoj Jain is set to address the issue on Wednesday. As per the legal...

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