CHENNAI: On Thursday, the Enforcement Directorate (ED) conducted raids at more than 35 locations, involving 50 companies and approximately 25 individuals associated with Anil Ambani’s Reliance Group. This action was taken under Section 17 of the Prevention of Money Laundering Act (PMLA) in relation to an alleged loan scam worth Rs 3,000 crore linked to...
New Delhi: On Wednesday, the Enforcement Directorate initiated a FEMA case against Myntra, an e-commerce platform backed by Flipkart, along with its associated companies and directors, for allegedly contravening FDI regulations amounting to over Rs 1,654 crore. Complaint filed under Section 16(3) of FEMA The ED stated that the complaint was lodged under Section 16(3)...
Hyderabad: The Enforcement Directorate has called upon actors Rana Daggubati, Prakash Raj, Vijay Deverakonda, and Lakshmi Manchu for interrogation regarding a money laundering investigation associated with unlawful online betting and gambling activities conducted by certain platforms, as reported by official sources on Monday. The federal investigative agency has requested Daggubati (40) to report to its...
Hyderabad: The Enforcement Directorate (ED) has initiated action against 29 actors, influencers, and YouTubers for allegedly promoting illegal betting platforms. These celebrities are accused of breaching the Public Gambling Act of 1867 by endorsing betting applications that have resulted in significant financial losses for the public. Five FIRs Trigger ED Investigation This enforcement action follows...