Tag: ED

April 10, 2020

ED seizes luxury cars of Wadhawans used for trip

The Enforcement Directorate (ED) on Friday issued seizure orders for five luxury vehicles used by DHFL promoters Kapil and Dheeraj Wadhawan to travel to their farmhouse in Maharashtra’s Mahabaleshwar during the coronavirus lockdown. Officials said the agency has sent an official order, issued under the PMLA to the Satara Superintendent of Police for execution.

March 16, 2020

Rana Kapoor’s ED remand extended till March 20

The former managing director and CEO of the private lender was arrested by the ED here on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as he was allegedly not cooperating in the probe related to the crisis at Yes Bank which has been placed under moratorium by the RBI.

March 16, 2020

Yes Bank crisis: ED summons Anil Ambani

Reliance Group chairman Anil Ambani has been summoned by the ED in connection with its money laundering probe against Yes Bank promoter Rana Kapoor and others, officials said on Monday.

March 11, 2020

Rana Kapoor’s ED custody extended till March 16

A special court on Wednesday extended till March 16 the Enforcement Directorate (ED) custody of Yes Bank founder Rana Kapoor, arrested on money laundering charges. During the hearing, the ED told the special Prevention of Money Laundering Act (PMLA) court that Kapoor had sanctioned loans worth Rs 30,000 crore to different entities during his tenure.

March 9, 2020

Big loans issued by Yes Bank under ED scanner

The Enforcement Directorate (ED) is looking into more multi-crore rupees loans issued by Yes Bank to corporate houses that turned NPAs as part of its money-laundering investigation against its arrested promoter Rana Kapoor, said officials. ED has widened its probe in the case beyond the loan to DHFL and is now looking for more evidence of alleged kickbacks.

March 7, 2020

ED questions Yes Bank founder Rana Kapoor

Crisis-hit Yes Bank’s founder Rana Kapoor was brought to the Enforcement Directorate’s (ED) office in Mumbai for questioning in connection with a money-laundering case against him. The ED is probing Kapoor’s role in connection with the disbursal of a loan to a corporate entity and the subsequent alleged kickbacks reportedly received in his wife’s accounts.

February 8, 2020

‘Wadhawan used laundered money for assets’

In its probe against Dewan Housing Finance’s Kapil Wadhawan, who is in ED’s custody, ED unearthed a 12,000 sqm land in Melbourne, 2 flats in New York, a flat & an office in London, a villa in Thailand, hotels in Pune & Mysore, 4 flats in Khar, a flat in Mumbai’s Sea View Palace and Juhu, a bungalow in Mahabaleshwar, a 570-flat society in Kurla, […]

January 30, 2020

DHFL promoter siphoned off Rs 12,773 crore: ED

Kapil Wadhawan had allegedly siphoned off Rs 12,773 crore bank money with the help of 79 shadow entities, according to the Enforcement Directorate . ED officials are trying to trace the money trail by investigating details of the shadow entities.

January 27, 2020

ED arrests DHFL promoter Kapil Wadhawan

The Enforcement Directorate (ED) has arrested the chairman and managing director of Dewan Housing Finance Ltd (DHFL), Kapil Wadhawan, in connection with its money laundering probe against dead gangster Iqbal Mirchi and others, officials said on Monday. They said Wadhawan has been arrested under the PMLA as he was allegedly not cooperating in the probe.

January 11, 2020

ED attaches properties worth Rs 78 cr of Kochhar

The ED on Friday attached properties worth over Rs 78 crore of former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar, accusing the banker of money laundering in a case pertaining to “illegal sanctioning of loans” of Rs 1,875 crore to Videocon Group of companies. Investigations also revealed that Chanda Kochhar and her family acquired an apartment in Mumbai owned by a Videocon […]

January 10, 2020

ED attaches Rs 78 cr worth assets of Kochhar

The Enforcement Directorate on Friday attached assets worth Rs 78 crore of former ICICI Bank managing director and chief executive officer (CEO) Chanda Kochhar and others, in connection with an alleged bank loan fraud and money laundering case. A provisional order under the PMLA has been issued for attachment of the properties including her Mumbai-based house.