Money Laundering

First-ever reference to state-backed terror in FATF report reinforces India’s 2022 national risk assessment of money laundering and terrorist financing findings on Pakistan

Fraud, cheating, money laundering: A look at the key charges levelled by Dayanidhi Maran against Sun TV chairman Kalanithi Maran

The notice also alleges that the 2003 allotment of shares to Kalanithi Maran were done at face value of Rs 10 each although fair value of the said shares was anywhere between Rs 2,500 and Rs 3,000 at that time.

Sun TV Family Feud: DMK MP Dayanidhi Maran sends legal notice to billionaire brother Kalanithi Maran

The strongly worded legal notice, dated 10th June, 2025, threatens to initiate civil, criminal, regulatory and enforcement proceedings against Sun TV chairman Kalanithi Maran and seven other respondents, unless they restore the shareholding of the media company to its original state in 2003.This is the second legal notice after one sent in October 2024.

Gensol Engineering now under EoW lens as lender PFC files complaint

Power Finance Corporation Ltd (PFC) said it is exploring all possible options to recover an outstanding principal amount of Rs 307 crore from Gensol Engineering Ltd.

ED sends notice to Mahesh Babu in money laundering case tied to real estate scam

Telugu star Mahesh Babu received an ED notice amid a money laundering probe involving Sai Surya Developers and the Surana Group, accused of duping investors through unauthorized land sales, multiple plot resales, and fake registration guarantees.

How Trump administration is redefining white-collar crimes and its enforcement in US

The development comes a few weeks after Trump signed an executive order to temporary halt the enforcement of Foreign Corrupt Practices Act, an anti-bribery law

ED attaches Rs 300 crore worth properties in MUDA-linked money laundering case involving Karnataka CM

The ED alleged that Siddaramaiah, a senior Congress leader, leveraged his political influence to secure compensation for 14 prime sites in the name of his wife, BM Parvathi, in exchange for 3 acres and 16 guntas of land acquired by MUDA.

ED attaches assets worth Rs 219 crore in 'Fairplay' portal case

A provisional order under PMLA was issued last week (November 22) to attach demat account holdings and immovable assets like land plots, flats and commercial warehouses in the case against the portal named Fairplay.

Delhi HC grants bail to Lava MD Hari Om Rai in money laundering case

Lava MD Hari Om Rai was arrested on money laundering charges in the case against Vivo-India and others.

Telegram serves as a hub for 'underground markets' of Southeast Asian crime gangs, claims UN

The United Nations Office for Drugs and Crime (UNODC) claims that hacked data, including credit card information, passwords, and browsing histories, is openly traded on Telegram.

FATF calls for stricter checks on India’s precious metal deals

The South Asian nation, one of the world’s biggest importers of gold and an important processor and exporter of diamond jewelry, has about 175,000 businesses in this sector, but only some 9,500 are registered with the Gem and Jewellery Export Promotion Council that verifies proof of identity, the Financial Action Task Force said in its report Thursday

ED attaches Rs 300-cr worth land of M3M realty group in case involving Congress leader Bhupinder Hooda

A provisional order has been issued by the federal probe agency under the Prevention of Money Laundering Act (PMLA).

Singapore aims to make it easier to prosecute money laundering cases

The new Anti-Money Laundering and Other Matters Bill introduced to parliament on Tuesday will remove the need for the prosecution to show a direct link between the criminal conduct and the laundered funds.

FATF recognises India’s efforts in mitigating money laundering, terror financing

"Good ratings will lead to better access to global financial markets and institutions and increase investor confidence," the Finance Ministry said.

BRS leader and KCR daughter Kavitha arrested in liquor scam case

The Enforcement Directorate arrested BRS leader K Kavitha after raiding her Hyderabad premises, bringing her to Delhi for questioning in a money laundering case related to the scrapped Delhi excise policy.

ED raids BRS leader K Kavitha's premises

The ED had claimed Kavitha was linked to a 'south group' named lobby of liquor traders who were trying to play a larger role under the now scrapped Delhi excise policy for 2021-22.

What is the role of the Financial Intelligence Unit?

Its primary mandate is to serve as the central national agency responsible for receiving, processing, analysing and disseminating information relating to suspicious financial transactions. These transactions could be indicative of money laundering, terrorist financing, or other illegal activities.

Investigate possible use of electoral bonds for money laundering

During an electoral bond’s 15-day life cycle, it can be used to conveniently move large amounts of anonymous money, settle shady transactions without leaving a money trail, and even channel money routed through shell companies to political parties. Riddled with such opportunities for money laundering, this allowed for a ready secondary market for electoral bonds. A fit case for investigation by central agencies exists

ED registers money laundering case in drug trafficking racket allegedly involving ex DMK functionary

The NCB is expected to soon summon a senior DMK party functionary in connection with two transactions of Rs 7 lakh made by Sadiq, according to sources in the anti-narcotics agency.

ED arrests Subhash Yadav in money laundering case linked to 'illegal' sand mining

The Enforcement Directorate arrested Subhash Yadav, reportedly linked to RJD, in Patna, Bihar, for alleged involvement in money laundering associated with illegal sand mining.

Chinese visa 'scam': Delhi Court reserves order on ED's charge sheet against Karti Chidambaram

The ED said the actual magnitude or volume of the processed or laundered amount of money in the case was yet to be established during the investigation and the bribe amount of Rs 50 lakh in the CBl case cannot be taken or considered as the basis of the present case.

Asset attachment under PMLA – What is the right approach?

While confiscation of property derived from or involved in money-laundering is an important objective to give effect to the PMLA, an unclear interpretation could strip a person of his legally acquired assets

ED raids Karnataka Congress MLA in money-laundering case

ED raided Karnataka locations in money-laundering probe against Congress MLA Nara Bharath Reddy and others, according to official sources.

Paytm denies facing ED probe amid RBI action against banking arm

The company said it "categorically denies any investigation by the Enforcement Directorate" against Paytm, its associates , founder or CEO for money laundering activities

Money laundering concerns and KYC non-compliance led to ban on Paytm Bank by RBI

The central bank has ordered Paytm Payments Bank Ltd (PPBL) to halt most of its business including taking further deposits, conducting credit transactions and carrying out top-ups on any customer accounts, prepaid instruments, wallets, and cards for paying road tolls after February 29.