Rs 5,551.27 crore seized from Xiaomi India confirmed to be illegally transferred abroad, says ED

An authority appointed under the Foreign Exchange Management Act has found that the amount was transferred to three foreign companies in violation of the law.

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· Oct 01, 2022 · 09:01 am

ABG Shipyard fraud: ED attaches assets worth Rs 2,747 crore in money laundering probe

The investigation is based on a case filed by the CBI pertaining to allegations that the shipping company defrauded several banks of Rs 22,842 crore.

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· Sep 22, 2022 · 07:06 pm

Enforcement Directorate freezes Rs 46.67 crore in money-laundering probe into HPZ Token app

The application allegedly promised large gains to users by investing their money in mining machines for bitcoin and other cryptocurrencies.

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· Sep 16, 2022 · 09:04 pm

Chinese loan apps case: ED raids Bengaluru offices of Razorpay, Cashfree and Paytm

The searches were based on 18 cases filed against unknown persons for allegedly harassing consumers who took small loans through apps run by Chinese entities.

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· Sep 03, 2022 · 04:45 pm

Yes Bank-DHFL case: ED seizes assets worth Rs 415 crore of builders Sanjay Chhabria, Avinash Bhosale

Both of them were arrested by the Enforcement Directorate in June and are currently in judicial custody.

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· Aug 03, 2022 · 03:47 pm

Nirav Modi case: ED seizes jewellery, bank deposits worth Rs 253.62 crore

The assets are in Hong Kong, the agency said.

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· Jul 22, 2022 · 09:59 pm

Stay order on inquiry into nine Sahara Group companies set aside by Supreme Court

In December, the Delhi High Court had put a halt on the investigation into an alleged fraud of Rs 1 lakh crore.

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· May 26, 2022 · 07:18 pm

Conduct investigation against Xiaomi in accordance with law, China tells India

The company has alleged that its officials were made to record their statements under coercion in a case related to violating foreign exchange law provisions.

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· May 10, 2022 · 12:32 pm

ED refutes Xiaomi India’s allegation that its officials were threatened during investigation

The smartphone maker has been accused of violating the provisions of the Foreign Exchange Management Act by the Enforcement Directorate.

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· May 08, 2022 · 03:43 pm

CBI files fresh case against Mehul Choksi for allegedly cheating financial firm of Rs 22.6 crore

The fugitive businessman is also wanted in connection with the Rs 13,000-crore Punjab National Bank fraud case, and is currently in Antigua and Barbuda.

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· May 02, 2022 · 06:18 pm

Mobile maker Xiaomi India’s assets worth Rs 5,551 crore seized by Enforcement Directorate

The subsidiary of the Chinese company had allegedly transferred the amount to three entities in February in violation of the foreign exchange law.

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· Apr 30, 2022 · 04:19 pm

Yes Bank co-founder and DHFL promoters siphoned off funds worth Rs 5,050 crore, says ED

A big part of the proceeds of crime was laundered overseas and so could not be attached under the provisions of PMLA Act, the agency said.

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· Apr 23, 2022 · 06:03 pm