ED files prosecution complaint in demonetisation scam ANI | Updated: Jun 01, 2021 20:07 IST
New Delhi [India], June 1 (ANI): The Directorate of Enforcement (ED) has filed a prosecution complaint in the infamous demonetisation scam in which cash of approximately Rs 111 Crore was deposited immediately after the announcement of demonetisation on November 8, 2016, by the firms of Kailash Gupa, Nitin Gupta and Nikhil Gupta.
On the basis of an FIR registered by Telangana State Police, Hyderabad, the ED initiated a money-laundering investigation against M/s Musaddilal Gems and Jewels Private Limited, M/s Vaishnavi Bullion Private Limited, M/s Musaddilal Jewellers Private Limited, and others.
ED attaches movable properties worth Rs 17.66 crores of Amnesty International India
In this case AIIFT was granted permission under the FCRA, 2010 during 2011-12 for receiving foreign contribution from Amnesty International UK.
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Updated: Feb 17, 2021, 12:06 AM IST
Directorate of Enforcement (ED) issued provisional attachment order under Prevention of Money Laundering Act, 2002 (PMLA) attaching bank accounts of M/s Amnesty International India pvt. ltd. (AIIPL) and M/s Indians for Amnesty International Trust (IAIT) as both the entities have acquired the proceeds of crime and layered the same in the form of various movable properties. The said provisional attachment order involves attachment of movable properties worth of Rs17.66 crores being proceeds of crime.
ED files prosecution complaint against 2 people under PMLA in Ponzi schemes case ANI | Updated: Jan 23, 2021 18:00 IST
New Delhi [India], January 23 (ANI): The Directorate of Enforcement (ED) has filed a prosecution complaint against Radhe Shyam and Bansi Lal, owners of Haryana-based multi-level marketing (MLM) scheme promoting company in a Ponzi scheme case.
As per a statement, Shyam and Lal floated companies in the name of Future Maker Lifecare Private Limited, Hisar, and M/s FMLC Global marketing Private Limited, and duped several innocent persons in many parts of the country. The MLM scheme consisted of the pyramidal structure where the persons at the top of the pyramid gain at the behest of the loss borne by the persons at the base of the pyramid, the statement said.