Former Haryana Chief Minister Bhupinder Singh Hooda has denied any involvement in a case where the Enforcement Directorate (ED) seized assets worth ₹834 crore from EMAAR-MGF, stating it’s an old case he has no connection with.
Results for: PMLA
The Enforcement Directorate (ED) of India has attached immovable properties worth ₹834.03 crore belonging to Emaar India Ltd. and MGF Developments Ltd. under the Prevention of Money Laundering Act (PMLA), 2002. The attached land, spanning 401.65 acres, is located in Gurugram, Haryana, and Delhi. This action follows a previous investigation by Delhi Police’s Economic Offence Wing (EOW) into allegations of real estate fraud against Emaar India.
The Enforcement Directorate (ED) conducted its first raid in Leh Ladakh, targeting a fake cryptocurrency business, ‘Emollient Coin Limited,’ accused of defrauding investors. The raids, conducted under the Prevention of Money Laundering Act (PMLA), targeted multiple locations in Leh, Jammu, and Haryana.
The Supreme Court of India has ruled that the Enforcement Directorate (ED) cannot arrest an accused under Section 19 of the Prevention of Money Laundering Act (PMLA) once the Special Court has taken cognizance of the complaint. The ED must instead apply to the court for custody if it seeks to detain the accused.