Browsing Tag

enforcement directorate

24 posts
The ED has attached properties worth over ₹51 crore linked to Ocean Seven Buildtech in a money laundering case involving diversion of funds collected from homebuyers for incomplete affordable housing projects. Promoter Swaraj Singh Yadav is accused of orchestrating the fraud through arbitrary cancellations, inflated resales, and misuse of escrow funds. Probe continues.

ED Clears Restitution of ₹55.85 Crore Attached Properties to SBI in Varron Aluminium Case

The Enforcement Directorate will restore three attached properties worth ₹55.85 crore to SBI after the Special Court (PMLA) approved restitution in the Varron Aluminium fraud case.
The Enforcement Directorate has attached eight immovable properties worth ₹67.03 crore linked to the Popular Front of India (PFI) and its political front SDPI. The properties, spread across Kerala, were registered under various trusts and foundations allegedly controlled by PFI. With this, the total value of assets attached in the case now stands at ₹129 crore.

ED Attaches ₹67 Crore Worth of Properties Linked to PFI and SDPI

The Enforcement Directorate has attached eight immovable properties worth ₹67.03 crore linked to the Popular Front of India (PFI) and its political front SDPI. The properties, spread across Kerala, were registered under various trusts and foundations allegedly controlled by PFI. With this, the total value of assets attached in the case now stands at ₹129 crore.
The ED has attached ₹11.14 crore in assets belonging to cricketers Suresh Raina and Shikhar Dhawan for their alleged involvement in promoting the illegal betting platform 1xBet. The probe found that payments for endorsements were routed through foreign entities to conceal illicit funds from betting operations.

ED Attaches ₹11.14 Crore Assets of Suresh Raina and Shikhar Dhawan in Illegal Betting Case Linked to 1xBet

The ED has attached ₹11.14 crore in assets belonging to cricketers Suresh Raina and Shikhar Dhawan for their alleged involvement in promoting the illegal betting platform 1xBet. The probe found that payments for endorsements were routed through foreign entities to conceal illicit funds from betting operations.
ED allows release of assets attached under PMLA to support insolvency resolution under IBC.

ED Allows Release of Attached Assets to Help IBC Resolution, Boost Recovery for Banks & Homebuyers

ED and IBBI introduce a unified mechanism allowing release of PMLA-attached assets for IBC resolution. This move is expected to unlock value in stalled insolvency cases and improve recovery for creditors and homebuyers.
The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.

ED Attaches Dhirubhai Ambani Knowledge City Land Worth ₹4,462 Crore in RCom Bank Fraud Case

The Enforcement Directorate has attached 132 acres of Dhirubhai Ambani Knowledge City in Navi Mumbai worth ₹4,462 crore, deepening the crackdown in the Reliance Communications bank fraud case. The total attachment in the group now exceeds ₹7,500 crore.