Enforcement directorate - hyderabadherald.in

ED knocks at doors of Mahesh Babu: Big deals with Surana Group under scanner

Herald Bureau2 months ago2 months ago02 mins

On April 16, ED officials conducted searches at the homes and offices of top executives of Surana Industries and Sai Surya Developers. Large sums of cash, financial documents, and evidence of suspicious transactions were reportedly found.

Surana Group is also under investigation for allegedly defaulting on bank loans totaling Rs 3,986 crore. The Central Bureau of Investigation (CBI) has filed three cases against the company over these unpaid debts.

Surana Group under ED scanner: Its offices, establishments raided

Herald Bureau2 months ago2 months ago03 mins

he Central Bureau of Investigation (CBI) has already registered three separate cases against the group, citing fraudulent practices and willful default on loans. Sai Surya Developers is reportedly linked to the Surana Group, prompting its inclusion in the current round of raids. Sources suggest that both entities are being investigated for possible money laundering and fund diversion schemes.

Ponzi scam breakthrough: ED Seizes Groups Hawker Aircraft

Herald Bureau4 months ago02 mins

The ED registered a case against the Falcon Group and its CMD in connection with an Rs 850-crore Ponzi scheme linked to the Falcon invoice discounting platform. The aircraft was purchased in 2024 for Rs 16 crores using proceeds from the Ponzi scheme.

Big setback for BBC India, ED slaps Rs 3.44 crore penalty

Herald Bureau4 months ago4 months ago03 mins

hree directors-Giles Antony Hunt, Indu Shekhar Sinha, and Paul Michael Gibbons-have each been fined over ₹1.14 crore for their roles during the period of contravention. The ED’s action comes after previous financial investigations into BBC India, highlighting concerns over regulatory compliance and enforcement of FEMA rules.

ED Goes All Out In Formula E Race Case as KTR Pledges Full Cooperation

Herald Bureau5 months ago5 months ago03 mins

KTR presented the ED officials with a report by the independent organization Nielsen, which stated that the Formula E race generated an economic benefit of $82 million for the state’s economy. Additionally, he provided a copy of the Telangana Electric Vehicle Policy announced in October 2020, which aims to establish Telangana as a hub for mobility with alternative energy sources.