Tag: Money laundering
ED attaches INR30.8bn of Reliance Ambani group assets over India fraud
The Enforcement Directorate has provisionally attached INR30.8 billion in Reliance Anil Ambani Group assets over allegations of loan diversion and fraud
Hope for Chinese victims in 61,000 bitcoin ponzi scheme
Chinese victims in the 61,000 bitcoin Lantian Gerui scam may gain extra compensation after UK court progress, marking a key step in cross-border recovery efforts
Bengaluru ED attaches INR4.2bn in properties over Ozone fraud
ED attaches INR4.2 billion worth of assets linked to Ozone Urbana Infra Developers in a money laundering probe
Government gambles heavily on prohibiting online money gaming
India’s new Online Gaming Act bans all real-money games, raising constitutional and regulatory concerns
Online gaming not all fun and games
Gaming platforms may soon face stricter AML compliance under PMLA provisions
Probe ongoing after arrest of ex-chairman in India bank fraud
The ED continues probing a massive INR62.1 billion fraud involving UCO Bank and Concast Steel, following the arrest of ex-chairman Subodh Kumar Goel
Court rules out prosecution after resolution plan approval
Delhi High Court ruled in BPSL v Union of India (2025) that a corporate debtor cannot be prosecuted for pre-CIRP offences after resolution approval
Loopholes close for Singapore’s corporate service providers
Singapore's 2024 bill requires CSPs to conduct due diligence to fight money laundering, with penalties for non-compliance
ED arrests former chair of co-operative bank
The Enforcement Directorate has arrested Amar Sadhuram Mulchandani, former chairman of Pune-based co-operative bank Seva Vikas Cooperative Bank, on charges of money laundering
SEBI permits 39 entities to use e-KYC Aadhaar services
SEBI recently listed 39 entities to use the e-KYC Aadhaar authentication services in the securities market as a sub-KYC (know your customer) user agency, under the Prevention of Money Laundering Act, 2002
Too much power?
How the Enforcement Directorate turned into a veritable bogeyman for India Inc
