Investigations Financial News

Enforcement Directorate on Tuesday said that it has provisionally attached assets worth Rs 12.78 crore of suspended Trinamool Congress leader Shahjahan Sheikh, in immovable properties under the Prevention of Money Laundering Act, 2002 (PMLA). «ED, Kolkata has provisionally attached movable and immovable assets worth Rs. 12.78 Crore in the form of 14 immovable properties in the nature of apartment, agriculture land, land for fishery, land and building[s] etc. in Gram Serberia, Sandeshkhali and Kolkata and two bank accounts under the provisions of PMLA, 2002 in the matter of Shahjahan Seikh and others,» the ED said in a statement on X. Sandeshkhali, a village in the North 24 Parganas district of West Bengal, had seen massive protests over the allegations against TMC leader Sheikh and several of his strongmen. Many local women had accused Sheikh and his supporters of land grabbing and sexually assaulting them under coercion.

DK Shivakumar on Tuesday hailed the Supreme Court verdict quashing the money laundering case registered against him by the Enforcement Directorate (ED) I 2018. «Today is a happy day for me in my difficult life,» Shivakumar, who is also the president of the Karnataka Pradesh Congress Committee (KPCC) said, after hearing the news. «I have received a big relief from the Supreme Court,» he told the media, while offering his pranams to the court. The investigating agencies have been proved wrong, Shivakumar said. The Dy CM added that he heard the probe agency was preparing to appeal the verdict, and he was also prepared for a long battle.

India is “positively” considering specific requests from the troubled UN agency for Palestine Refugees for assistance in kind, even as Delhi expressed “serious concern” over recent allegations that some of its employees may have been involved in the October 7 Hamas terrorist attack on Israel.

Hemant Soren next month holding him prima facie guilty of disobeying notices issued to him by the Enforcement Directorate. The agency had filed a complaint against the senior Jharkhand Mukti Morcha (JMM) leader last month, stating he failed to join the investigation in a money laundering case linked to an alleged land grab case even after seven summonses were issued to him under section 50 of the Prevention of Money Laundering Act (PMLA). The first such notice was issued to Soren for his appearance before the ED on August 14 last year. Hemant Soren should be prosecuted under the Indian Penal Code section 174 (non-attendance in obedience to an order from public servant), the Enforcement Directorate (ED) had requested the court in its complaint filed under sections of the PMLA and the IPC.

Consulting firm Deloitte is looking for specialist analysts to assist in uncovering financial crimes related to crypto.

Shares of Tesla (NASDAQ:TSLA) are trading around 1.5% lower in pre-market on Tuesday, following a Reuters report the company had to halt production at its Berlin factory, after suspected arson set an electricity pylon on fire in a field close to the cite.

Calcutta High Court on March 5 transferred the investigation into the attack on ED officials by Sandeshkhali incident accused Shajahan Sheikh in West Bengal to the CBI. The SC concluded its hearing of ED’s application to transfer the investigation into the assault of agency officers in Sandeshkhali from CID to CBI yesterday, but reserved its judgement. The allegations against the accused include land grabbing and sexual assault. The SC had taken cognizance of the case suo motu.

Bengaluru's Rameshwaram Cafe, Chief Minister Siddaramaiah and many other cabinet ministers have received threat mails, as per ANI. CCB police have registered the case and investigations are going on. A bomb explosion in East Bengaluru's Rameshwaram Cafe injured at least 10 individuals on March 1. Reports say the investigation into the explosion has now been handed over to the National Investigation Agency (NIA).

Bengaluru police arrested three individuals on Monday for allegedly raising “Pakistan Zindabad” slogans inside the Karnataka state secretariat Vidhana Soudha premises, after a Congress leader won the Rajya Sabha election last week. The police statement said the arrests were made based on the Forensic Science Laboratory (FSL) report, circumstantial evidence and witness accounts. Three supporters of Congress leader Syed Naseer Hussain had allegedly shouted pro-Pakistan slogans after his victory in the Rajya Sabha elections. Chief minister Siddaramaiah had ordered an investigation by the FSL to check the veracity of the allegations after some Congress leaders had said the visuals were fabricated as people actually were shouting “Naseer Saab Zindabad.” The sloganeering had sparked a row between the Congress and the opposition BJP, with the latter holding demonstrations to protest the pro-Pakistan slogans, calling them a direct reflection of the Siddaramaiah regime’s appeasement politics. BJP MLAs raised “Jai Sri Ram” slogans in the state assembly during their protest, to which Siddaramaiah responded with “Jai Sita Ram.”

In a stock exchange notice today (5 March), the trust said it will «cooperate fully with the FCA and its work». FCA opens investigation into Home REIT The trust added that, over the course of February, it repaid £13.7m of debt to its lender — comprising £11.7m in cash and net break gains of £2m — bringing its total borrowings down to £149.1m. It also sold 119 properties at auctions for a total of £5.7m, with completion expected this month. An additional 82 internal property inspections were completed in February, bringing the total to 1,904, with the inspection programme expecte...

Supreme Court on March 5 quashed proceedings initiated against Karnataka Deputy chief minister DK Shivakumar in a 2018 money laundering case. Shivakumar was first arrested in the case in September 2019 following several rounds of questioning in a case that emerged from an Income tax department action against him. The Delhi High Court had granted him bail in October of that year.

The Vidhana Soudha police, earlier on Monday arrested three people for allegedly raising «Pakistan Zindabad» slogans in the corridors of Vidhana Soudha during the victory celebrations of Rajya Sabha member, Syed Naseer Hussain. Deputy Commissioner of Police, Central Division, Shekhar H.T., confirmed that the arrest is based on the FSL report, circumstantial evidence and statements of the witnesses gathered at the event.

Real estate tycoon Truong My Lan faces the death penalty for allegedly embezzling $12.5 billion

South Korea’s government is pressing ahead with its vow to suspend the licenses of thousands of junior doctors who ignore its repeated demands to end their collective walkouts

The European Union has fined Apple nearly $2 billion by forbidding rivals like Spotify from telling users how they could pay for cheaper subscriptions outside of iPhone apps

Jharkhand Police has handed over a compensation of Rs 10 lakhs to the husband of a Spanish woman who was allegedly gang-raped in Dumka on Friday. According to the police, the Spanish woman was gang-raped in Hansdiha police station limits when she was en route to Nepal from West Bengal. «We did a fast investigation and from the side of district administration, we are providing all the help to them (rape survivor and husband). Under the victim compensation scheme, we have given them Rs 10 lakh. We will try for a speedy trial and conviction of the accused,» Anjaneyulu Dodde, Deputy Commissioner, said on Monday.

South Korean crypto controversy continues as police announced the investigation of a firm linked to a gaming coin.

Hamas committed rape, «sexualized torture,» and other cruel and inhumane treatment of women during its surprise attack in southern Israel on October 7. There are also «reasonable grounds to believe that such violence may be ongoing,» said Pramila Patten, who visited Israel and the West Bank from January 29 to February 14 with a nine-member technical team.

By Luc Cohen

Delhi Chief Minister and Aam Aadmi Party (AAP) Supremo Arvind Kejriwal said that he was ready to face questioning by the Directorate of Enforcement (ED) in a money laundering probe related to irregularities in the Delhi Excise Policy 2021-22 case and said that if the central agency wants to, it could telecast the questioning live. Earlier today, in response to the eighth summons of the ED which asked CM Arvind Kejriwal to appear before it on March 4, he wrote a reply to the central agency stating that its summon was «illegal», however, he has agreed to appear before the agency virtually on any date after March 12. «My stand has always been that ED summons are illegal. I have written to them (ED) many times but they have not responded...I have written that I am not hiding anything and am ready to answer all your questions and you can ask through video conferencing. This is my right,» said the CM while addressing the media here.

money laundering case, the Enforcement Directorate (ED) has frozen various security holdings valued at over Rs 580 crore belonging to a Dubai-based «hawala operator.» The ED conducted fresh raids on February 28 at multiple locations across Kolkata, Gurugram, Delhi, Indore, Mumbai, Bhopal, and Raipur, resulting in the seizure of cash and valuables worth Rs 3.64 crore. As per reports, the ED's investigation into the Mahadev online book gaming and betting app has revealed the involvement of high-ranking politicians and bureaucrats from Chhattisgarh, the home state of the app's main promoters. The agency identified Hari Shankar Tibrewal, a Kolkata native currently residing in Dubai, as a «hawala operator and major player» in the case. Tibrewal allegedly partnered with the Mahadev app promoters and operated an illegal betting app called «skyexchange.»