ED Archives - National Times

14 Jun

ED Intensifies Probe Into Alleged Financial Diversion; Former RAAG Executive Sent to Custodial Interrogation

Rajeev Sharma0 CommentsBusiness, India, TrendingED

New Delhi: (Rajeev Sharma): The Enforcement Directorate (ED) has stepped up its investigation into an alleged money laundering network after securing six days of custodial interrogation of Sateesh Seth, the former Group Managing Director of the Reliance Anil Ambani Group (RAAG), from a Delhi court. The Dwarka Court allowed the agency's plea, observing that sustained questioning was necessary to trace the alleged proceeds of crime, identify those who benefited from the transactions and reconstruct the complete financial trail. The case revolves around accusations that funds were illegally routed overseas through hawala channels by generating fabricated invoices linked to allegedly inflated…

26 Nov

Two Terror Suspects Held Near Indo-Pak Border; IED Recovered in Amritsar

Gurpreet Singh0 CommentsPunjabAmritsar, ED

National Times Bureau :- In a late-night operation on Tuesday, Amritsar Police arrested two terror suspects and recovered an improvised explosive device (IED) from the Indo-Pakistan border region. The search for additional suspects is underway, while officials have avoided detailed comments as the operation was still in progress at the time of reporting. Police had received inputs suggesting that Pakistan’s intelligence agency, ISI, had resumed sending explosives to India following the recent Delhi blasts. Acting on the alert, security was tightened along the border, and patrolling was significantly increased. According to sources, two suspected terrorists left their homes on a…

06 Aug

ED Conducts Raids at 11 Locations in Delhi-NCR, Uttarakhand in Major Cyber Fraud Probe

Rajeev Sharma0 CommentsIndiaED, Top news

National Times Bureau :- Enforcement Directorate (ED) has launched a major operation in an international cyber fraud case. On Wednesday morning, the ED conducted search operations at 11 locations in Delhi-NCR and Dehradun, the capital of Uttarakhand. The cyber fraudsters had impersonated police officers or investigating officials to defraud numerous foreign and Indian citizens. Investigation Under PMLA These raids are part of an ongoing investigation under the Prevention of Money Laundering Act (PMLA), based on FIRs registered by the Central Bureau of Investigation (CBI) and Delhi Police. Besides Delhi, the ED conducted raids in Noida and Gurugram on Wednesday morning.…

23 Jul

ED Accuses Myntra of ₹1,654 Crore FEMA Violation Over FDI Misuse in Retail Structure

Rajeev Sharma0 CommentsBusinessED, FDI, FEMA violation, multi-brand retail, Myntra, Vector E-Commerce

National Times Bureau, July 23, 2025: The Enforcement Directorate (ED) has filed an official complaint against Myntra Designs Private Limited and its related entities and directors for allegedly violating the Foreign Exchange Management Act (FEMA), involving Foreign Direct Investment (FDI) of ₹1,654.35 crore.The action follows a detailed investigation that, according to a senior ED official, revealed Myntra misrepresented its business model by posing as a wholesale trader while conducting multi-brand retail trading (MBRT). This approach reportedly violated India’s FDI norms, which restrict foreign investment in direct retail.The ED claims Myntra received FDI while identifying itself as a wholesale cash-and-carry business.…