Tag: Enforcement Directorate

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ED Seizes 34 More Properties Valued at ₹40 Crore in MUDA Case

NEW DELHI: The Enforcement Directorate (ED) has attached an additional 34 properties valued at over Rs 40 crore as part of its investigation into the Mysore Urban Development Authority (MUDA) land scam, bringing the total asset value attached to over Rs 440 crore. The investigation was initiated following an FIR filed by the Karnataka Lokayukta, focusing on a large-scale scam related to site allotments by MUDA officials. “The investigation uncovered a pattern of routing and layering of illegal payments received by GT Dinesh Kumar, former MUDA commissioner. The ill-gotten gains were used to acquire properties under the names of Kumar’s…

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ED Seizes Ozone Urbana Assets Valued at ₹423 Crore in Karnataka

NEW DELHI: The Enforcement Directorate (ED) has attached unsold flats and land valued at over Rs 423 crore belonging to the promoters of a Karnataka-based real estate firm due to allegations of duping homebuyers. This action was taken on Saturday. The measures target Bengaluru-based Ozone Urbana Infra Developers and its primary promoter, S Vadudevan. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach 92 flats in the Avenue project and 13 flats in the Aqua 2 project, as well as 4.5 acres of commercial land and personal properties belonging to Vasudevan, as stated…

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ED Seizes Ansal Properties Valued at Over ₹10 Crore

CHANDIGARH: The Enforcement Directorate’s (ED) Gurugram Zonal Office announced on Wednesday the provisional attachment of six immovable properties associated with the Ansal family, valued at ₹10.55 crore, under the Prevention of Money Laundering Act (PMLA), 2002. These properties are reportedly owned by directors and beneficiary owners of M/s Ansal Properties and Infrastructure Ltd (APIL): Sushil Ansal, Pranav Ansal, and Kusum Ansal. The action follows the company’s failure to repay environmental compensation mandated by various environmental agencies due to violations of The Water (Prevention and Control of Pollution) Act, 1974, and The Air (Prevention and Control of Pollution) Act, 1981. The…

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ED Seizes Over ₹10 Crore in Assets of Ansal Promoters

NEW DELHI: The Enforcement Directorate (ED) has attached six immovable properties valued at ₹10.55 crore belonging to certain directors and shareholders of Gurugram-based Ansal Properties and Infrastructure Ltd (APIL) under the anti-money laundering law. This action is part of a case linked to alleged violations of environmental protection laws, as stated by the ED on Wednesday. The properties, which are provisionally frozen under the Prevention of Money Laundering Act (PMLA), include commercial units in Gurugram (Haryana), Greater Noida (Uttar Pradesh), and Ludhiana (Punjab). The assets belong to notable figures associated with APIL, such as Sushil Ansal, Pranav Ansal, and Kusum…

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ED Seizes ₹153 Crore in Universal Buildwell PMLA Case

CHANDIGARH: The Gurugram zonal office of the Directorate of Enforcement (ED) has provisionally attached properties valued at Rs 153.16 crore, belonging to the former promoters of M/s Universal Buildwell Private Limited and its affiliated entities, alongside their key associates. The attached assets encompass 29.45 acres in Behror, Rajasthan, several units at Universal Trade Tower, Sector 49, Gurugram, and a fixed deposit of Rs 3.16 crore, as per provisional attachment orders issued by adjudicating authorities last week. The ED also filed a chargesheet against the accused during this timeframe. The investigation was prompted by over 30 FIRs filed under various Indian…

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ED Questions Actor Jagapathi Babu in Sahiti Infra Case

HYDERABAD: On Thursday, Enforcement Directorate (ED) officials interrogated actor Jagapathi Babu regarding the Sahiti Infra case. Investigations revealed that his financial interactions with the company were primarily legitimate. Sources indicated that the actor was summoned to clarify his financial transactions with Sahiti Infra, which is being scrutinized for allegedly defrauding numerous homebuyers. Jagapathi Babu had promoted the real estate company in various advertisements and received payment for his endorsements. The ED confirmed that there are no criminal proceeds associated with him. The ED’s prosecution complaint elaborated on the actions of Sahiti Infratech Ventures India Private Limited (SIVIPL), spearheaded by Boodati…

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SC Rejects ED Appeal in Tamil Nadu Sand Mining Case

CHENNAI: The Supreme Court has affirmed a ruling by the Madras High Court that dismissed the Enforcement Directorate’s (ED) investigation into an alleged multi-crore sand mining scam in Tamil Nadu, including the seizure of various properties linked to miners and their associates as proceeds of crime. A division bench consisting of Justice Dipankar Datta and Justice Augustine George Masih rejected the ED’s appeal against the high court’s decision from July 16, 2024. According to the High Court’s division bench, the central issue was not whether illegal sand mining was occurring in Tamil Nadu, but whether the ED could act under…

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Court summons Prathamesh Developers in Patra Chawl scam

MUMBAI: A special court in Mumbai has summoned Prathamesh Developers through its partner businessman Pravin Raut in connection to a money laundering case tied to the Patra Chawl scam, noting their involvement in siphoning off the proceeds of crime. Sanjay Raut, a Rajya Sabha MP from Shiv Sena (UBT), is also implicated in the case, which is being heard by a special court for lawmakers. On September 20, special judge for criminal cases involving MPs/MLAs, Satyanarayan Navander, asserted that there is clear prima facie evidence of money laundering. The court issued summonses to Prathamesh Developers via its partner Pravin Raut—a…

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Goa Land Grab Scam Valuation May Surpass ₹1,200 Crore: ED

PANAJI: According to the Enforcement Directorate (ED), the market value of land parcels allegedly illegally acquired by Yeshwant Sawant and others is expected to surpass Rs 1,200 crore, as reported by Murari Shetye. The ED conducted searches on Monday and Tuesday at 13 residential and commercial locations across Goa and Hyderabad in this alleged land grab case, seizing Rs 72 lakh and seven luxury vehicles. The investigations were initiated under the Prevention of Money Laundering Act (PMLA) due to illegal grabs of comunidade lands in Goa. This action followed an FIR filed by the Goa police pertaining to the unlawful…

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ED Seizes Luxury Cars in Goa ‘Illegal’ Land Grab Case

NEW DELHI: The Enforcement Directorate (ED) has confiscated seven luxury vehicles including brands such as Porsche, Mercedes, and Audi, following raids in a money laundering investigation tied to an alleged ₹1,200 crore land grabbing case in Goa. This case involves an individual named Yeshwant Sawant and several others. The operation began on Tuesday and concluded on Wednesday. According to the ED, 13 residential and commercial properties in Goa and Hyderabad were examined under the Prevention of Money Laundering Act (PMLA) due to the “illegal” seizure of Communidade lands in Goa, as stated in the agency’s announcement. The ED’s case is…