Prevention Of Money Laundering Act

The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs. 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against a man named Aamir Khan and others relating to the mobile gaming application — E-nuggets.

The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said.

The ED initiated a probe in the case, under the criminal sections of the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR that has named Mr Sisodia and 14 others in the excise case.

Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.

Solicitor General Tushar Mehta, appearing for the Centre, opposed the overall reconsideration of the PMLA judgment saying notice should be issued on the two limited points.

Bollywood actress Jacqueline Fernandez in her reply in the Prevention of Money Laundering Act case to the authorities who have attached several of her Fixed Deposits (FDs), said that her FDs have no connection to conman Sukesh Chandrasekhar.

Cryptocurrency exchange WazirX stated on Sunday that its operations are being conducted as usual and crypto and rupee withdrawals are being processed normally. The announcement came days after the Enforcement Directorate (ED) conducted searches on one of the directors of Zanmai Labs, which owns the popular cryptocurrency exchange, and issued an ord...

The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...

Congress levelled allegations against the Centre for creating "ED terror" in the country and "weaponising" the Prevention of Money Laundering Act as Congress chief Sonia Gandhi was questioned again by the probe agency.

The Enforcement Directorate's powers to search, seize and arrest received a big boost today from the Supreme Court, which rejected petitions that alleged unchecked and arbitrary use of power by the probe agency in money laundering cases.

Backing the Enforcement Directorate with a crucial judgement, the Supreme Court today rejected almost all objections raised against the probe agency regarding several powers including initiating an investigation, the power to arrest, and others.

The Supreme Court will deliver its judgment on a batch of pleas challenging the various provisions of the Prevention of Money Laundering Act (PMLA) today.

The Supreme Court will pronounce a verdict on petitions challenging the process of arrest, seizure and investigation by ED under the Prevention of Money Laundering Act today.

The Enforcement Directorate (ED) opposed the petition filed by the Chinese smartphone manufacturer the Delhi High Court on Monday and said the commercial engagements of the petitioner and its reputation and goodwill are not a relevant consideration during the investigation into the offence of money laundering, which is a heinous offence. The ED sai...

Coal allocation cannot amount to proceeds of crime per se under the money laundering law, the Delhi High Court Tuesday said. The Delhi High Court said that only gains obtained by the utilization of the allocation could be viewed as proceeds of crime.

The Directorate of Enforcement (ED) has frozen Bitcoins equivalent to worth Rs. 12.83 crore under the provisions of the Prevention of Money Laundering Act (PMLA) after an investigation being conducted against a man named Aamir Khan and others relating to the mobile gaming application — E-nuggets.

The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said.

The ED initiated a probe in the case, under the criminal sections of the Prevention of Money Laundering Act (PMLA), after taking cognisance of a CBI FIR that has named Mr Sisodia and 14 others in the excise case.

Paytm on Sunday issued a statement claiming that none of the funds frozen by the Enforcement Directorate (ED) in the Chinese loan app case belongs to it or any of its group firms. The ED earlier conducted raids at premises of online payment gateways over the alleged irregularities in instant app-based loans "controlled" by Chinese persons.

Solicitor General Tushar Mehta, appearing for the Centre, opposed the overall reconsideration of the PMLA judgment saying notice should be issued on the two limited points.

Bollywood actress Jacqueline Fernandez in her reply in the Prevention of Money Laundering Act case to the authorities who have attached several of her Fixed Deposits (FDs), said that her FDs have no connection to conman Sukesh Chandrasekhar.

Cryptocurrency exchange WazirX stated on Sunday that its operations are being conducted as usual and crypto and rupee withdrawals are being processed normally. The announcement came days after the Enforcement Directorate (ED) conducted searches on one of the directors of Zanmai Labs, which owns the popular cryptocurrency exchange, and issued an ord...

The Directorate of Enforcement (ED) said it had conducted searches on the premises of one of the directors of crypto exchange WazirX, and has issued an order to freeze their bank balances over Rs 60 crore. The ED has been conducting Money Laundering investigation against a number of Indian non-banking finance companies (NBFCs) and their fintech par...

Congress levelled allegations against the Centre for creating "ED terror" in the country and "weaponising" the Prevention of Money Laundering Act as Congress chief Sonia Gandhi was questioned again by the probe agency.

The Enforcement Directorate's powers to search, seize and arrest received a big boost today from the Supreme Court, which rejected petitions that alleged unchecked and arbitrary use of power by the probe agency in money laundering cases.

Backing the Enforcement Directorate with a crucial judgement, the Supreme Court today rejected almost all objections raised against the probe agency regarding several powers including initiating an investigation, the power to arrest, and others.

The Supreme Court will deliver its judgment on a batch of pleas challenging the various provisions of the Prevention of Money Laundering Act (PMLA) today.

The Supreme Court will pronounce a verdict on petitions challenging the process of arrest, seizure and investigation by ED under the Prevention of Money Laundering Act today.

The Enforcement Directorate (ED) opposed the petition filed by the Chinese smartphone manufacturer the Delhi High Court on Monday and said the commercial engagements of the petitioner and its reputation and goodwill are not a relevant consideration during the investigation into the offence of money laundering, which is a heinous offence. The ED sai...

Coal allocation cannot amount to proceeds of crime per se under the money laundering law, the Delhi High Court Tuesday said. The Delhi High Court said that only gains obtained by the utilization of the allocation could be viewed as proceeds of crime.