Ex-Andhra Bank official sent to jail in loan fraud case

Posted On & filed under Top Law News.

A former Andhra Bank director has been sent to judicial custody (JC) by a court here following his arrest and interrogation in connection with a money laundering probe in an alleged Rs 5,000-crore bank fraud case involving a Gujarat-based pharma firm. Additional Sessions Judge Sidharth Sharma sent Anup Prakash Garg to custody for two weeks… Read more »

ED raids Karti Chidambaram’s premises in Delhi and Chennai

Posted On & filed under Top Law News.

The Enforcement Directorate (ED) today conducted searches at multiple premises linked to Karti Chidambaram, the son of Congress leader P Chidambaram, in connection with its money laundering probe in the Aircel- Maxis case. Official sources said the raids are being conducted in Delhi and Chennai since early morning. The central probe agency, on December 1… Read more »

Supreme Court ruling on money laundering probe Monday

Posted On & filed under High Profile Cases.

The Supreme Court is likely to pronounce Monday its verdict on a plea that a special investigation team (SIT) probe the alleged money laundering by suspected tax evader Hasan Ali Khan and Kolkata based-businessman Kashinath Tapuria, among others. The plea by jurist Ram Jethmalani also sought a direction to the central government to disclose names,… Read more »