ED may fine Flipkart up to Rs 31,800 crore for alleged FDI violations

The Enforcement Directorate (ED) is likely to impose a penalty of up to Rs 31,800 crore on e-commerce giant Flipkart for violating Foreign Direct Investment (FDI) rules, sources said on Thursday. The TV has learnt that the financial probe agency had sent a show-cause notice under the Foreign Exchange Management…

Maharashtra Ex-Home Minister’s Aides Arrested In Money Laundering Case

The Enforcement Directorate (ED) has arrested two aides of former Maharashtra home minister Anil Deshmukh in a money laundering case against the politician related to a ₹ 100 crore bribery charges, officials said on Saturday. They said Mr Deshmukh’s personal secretary Sanjeev Palande and personal assistant…

ED transfers Rs 9,000 crore of Rs 18,000 crore assets seized from Nirav Modi, Mallya and Choksi to banks

The Enforcement Directorate (ED) has seized assets worth Rs 18,170 crore, which is 80% of the total losses incurred by the banks, in cases related to fugitive businessmen Vijay Mallya, Nirav Modi and Mehul Choksi. About half of the assets have been transferred to the banks and Centre. The ED said on Wednesday that not…