The Directorate of Enforcement (ED) on Friday said it has taken possession of 100% shares of MGM Maran and MGM Anand in four MGM group firms and 3.31% stake in Tamilnad Mercantile Bank (TMB) under the provisions of the Prevention of Money Laundering Act (PMLA). ED has invoked the provisions of Section 8(4) of PMLA and taken possession of the… Continue reading "ED attaches stakes of Maran, Anand in TMB, MGM firms under PMLA"
The Enforcement Directorate (ED) raids in the premises of Minister V Senthilbalaji’s supporters ended past midnight on Thursday. Simultaneous searches were done by multiple teams of ED in the house of Muthubalan, 40, a supervisor in a Tasmac shop and residing at Ramanathapuram. Also raids were carried out in the house and office of Arun, who runs Arun Associates Ltd… Continue reading "Enforcement Directorate raids at Senthilbalaji’s supporters end past midnight in Kovai"
Investigating an attempt to extort the family of a jailed businessman, sleuths from the Enforcement Directorate raided and seized a palatial beachfront property in Kanathur off ECR owned by infamous conman Sukesh Chandrasekhar. Officials also seized 16 luxury cars, gold and cash. The Delhi unit of the agency, which has registered a money laundering case, believe that Sukesh could have… Continue reading "ED seizes luxurious cars, high end documents during raids at conman Sukesh Chandrasekhar’s bungalow"