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Friday, November 28, 2025
TopicPMLA

Topic: PMLA

In another order expanding PMLA scope, HC notes how ‘legal transaction’ can generate ‘proceeds of crime’

Delhi HC was hearing ED's plea against a single-judge order that had quashed attachment of assets worth Rs 122.74 cr of Prakash Industries, the company allotted the Fatehpur coal block.

HC extends PMLA’s reach to allocation of natural resources. How it interpreted ‘property’, ‘proceeds of crime’

HC order revives the Enforcement Directorate’s attachment of the gains made by Prakash Industries through the allotment of Chhattisgarh’s Chotia coal block.

OctaFx app founder Prozorov who duped Indians of Rs 5,000 cr held in Spain, ED to pursue extradition

Russian national was duping thousands in many countries. Investigations in India began in 2022. OctaFx once trading partner of IPL franchise Delhi Capitals, endorsed by TV stars.

Why Karnataka HC upheld arrest of Congress MLA in PMLA case, but opened window for seeking relief

ED arrested Chitradurga MLA Veerendra from Gangtok on 23 August and later seized assets worth more than Rs 150 cr in connection with its money laundering probe.

ED attaches Rs 7.4-cr worth properties belonging to firms ‘linked’ to former AAP minister Satyendar Jain

ED had initiated money laundering probe on basis of a CBI FIR which accused Jain of acquiring disproportionate assets during his time as a minister in Delhi.

‘Application of mind not proportionate to number of pages’—Why SC has expressed ‘anguish’ at NGT 

NGT is a specialised statutory body set up by Parliament in 2010 for hearing matters relating to environmental protection and forest conservation.

ED issues Lookout Circular against Anil Ambani in loan fraud case, hours after summons for questioning

Reliance Group chairman asked to appear at ED headquarters in New Delhi for recording statement. ED's money laundering probe is based on two cases lodged by CBI in September 2022.

ED’s 1st raid in Andaman & Nicobar: A Rs 200 crore cooperative bank ‘scam’ linked to former Congress MP

Congress leader and former MP Kuldeep Rai Sharma is prime accused in the case related to alleged irregularities in Andaman and Nicobar State Cooperative (ANSC) Bank.

ED raids Chandigarh ‘fake’ call centres duping foreigners with tech support scams

The companies operating these call centres had foreign partners that received scam funds via various payment gateways, which were then routed to India through banks & hawala channels.

ED raids 13 premises across Delhi-NCR, Punjab; seizes key documents, digital devices under PMLA

According to Delhi EOW FIR, Raheja Developers fraudulently collected large sums from investors and homebuyers, promising flats in group housing projects but failed to deliver.

On Camera

Is Bangladesh ready for ‘developed country’ status? It’s all optics for Sheikh Hasina

The graduation is meant to bolster the legacy and legitimacy of Sheikh Hasina's Awami League, even as the real-world preparedness lagged behind the glossy narrative.

Karnataka startups feel the chill as global funding winter sets in. Fintech emerges as sole bright spot

The state raises just $2.7 billion in first nine months of 2025 compared to $4.5 billion last year, with late-stage investments hit hardest.

India and Indonesia inch closer to BrahMos deal, defence ties to ramp up

Indonesia delegation led by Defence Minister Sjafrie Sjamsoeddin visited BrahMos facility & met with top officials & undertook a detailed briefing on the missile system.

A tribute to Tejas. India’s delay culture is the real enemy in the skies

It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.