Enforcement Directorate

Photo: Indian Express

ED Holds Yellow Tune Technologies' Assets, Totaling Rs 370 Cr In Money Laundering Case

Enforcement Directorate (ED) has frozen assets worth Rs 370 crore belonging to a Bengaluru-based business linked to quick loan apps investigation. Assets were stored in Flipvolt cryptocurrency exchange wallets, bank-accounts, and payment gateway balances. Flipvolt is the Indian division of Singaporean crypto lender Vauld. Yellow Tune, according to ED, was a shell business with Chinese nationals as board of directors, and money was put into… read-more

Sat, 13 Aug 2022 - 04:00 PM / by Vidhi Jhunjhunwala

Tags: Enforcement Directorate, bengaluru, Money laundering case, Assets Seized, Cryptocurrency

Courtesy: DNA INDIA

Nirav Modi

Photo: The Indian Express

ED Seizes Nirav Modi's Assets Worth Rs 253.62 Crores In Hong Kong

The Enforcement Directorate has attached gems, jewellery and bank deposits worth Rs 253.62 crores of companies linked to Nirav Modi, alleged in a money laundering case. On July 22, the investigative agency said, with this, the total attached and seized assets tally in the case stands at Rs 2,650.07 crores.  Furthermore, the diamond merchandise Nirav is currently lodged in UK jail, as his extradition plea to India got rejected.

Sat, 23 Jul 2022 - 11:32 AM / by Varsha Joshi

Tags: ED, nirav modi, Assets Seized, Raid, Hong Kong

Courtesy: Hindustan Times