Enforcement Directorate

NEW DELHI: The Enforcement Directorate (ED) has frozen Rs 21.14 crore of OctaFX India Private Limited and related entities which were held in various bank accounts after carrying out searches at their premises over allegations that the international brokers's activities were in contravention of the Foreign Exchange Management Act (FEMA).

The London-based online forex broker was one among four principal sponsors of Indian Premier League franchise Delhi Capitals for the IPL's 2022 season.

Aug 05, 2021 07:08
NEW DELHI: The Enforcement Directorate has arrested Gautam Thapar, Avantha Group promoter and Professional Golf Tour of India president, in connection with a money laundering case. The agency arrested Thapar late Tuesday after day-long questioning in connection with the alleged property transaction between Avantha Realty and YES Bank's co-founder Rana Kapoor and his wife, ANI quotes officials as having said.
Dec 21, 2020 15:12
NEW DELHI: The Enforcement Directorate has attached assets worth Rs 118.6 million belonging to former chief minister Farooq Abdullah and some others. in connection with Jammu and Kashmir Cricket Association (JKCA) scam.  While the book value of these attached properties is Rs 118.6 million, their market value is reportedly Rs 600 to Rs 70 million.
Sep 05, 2019 22:09
NEW DELHI: Promoters of Jaipur IPL Cricket Pvt Ltd (JIPL), which owns the Indian Premier League franchise Rajasthan Royals (RR), have won major relief from the Prevention of Money Laundering Appellate (PMLA) tribunal. 
Jun 03, 2019 15:06
NEW DELHI: The Enforcement Directorate (ED) has summoned All India Football Federation president and former civil aviation minister Praful Patel for questioning on June 6 in connection with its money-laundering probe related to the alleged losses suffered by national carrier Air India in a multi-crore aviation scam during the UPA regime.
Jun 01, 2018 16:06
MUMBAI: The Enforcement Directorate (ED) on Thursday slapped a penalty of over Rs 1.315 billion collectively on the Board of Control for Cricket in India (BCCI), its former chief N Srinivasan, former IPL commissioner Lalit Modi and a few other former office bearers for alleged violation of the Foreign Exchange Management Act (FEMA) during IPL season 2009 after completing the adjudication process in the case.
Mar 27, 2018 16:03
PANJIM: The Enforcement Directorate (ED) has attached properties worth over Rs 40 million belonging to four former office bearers of the Goa Cricket Association (GCA), including its past president Dayanand Narvekar. All four are accused of laundering funds that GCA had received from the Board of Control for Cricket in India during 2006-07 towards grants and TV rights.