Bank loan fraud: ED attaches assets worth Rs 52 lakh.

The Enforcement Directorate (ED) on Wednesday said it has attached assets, worth Rs 51.86 lakh, of a company in connection with a money laundering case linked to an alleged bank fraud in Haryana. It said a provisional order for attachment of the properties, in the form of commercial property in Gurgaon and bank balances, has […]

Read More…

Centre agrees in SC to revisit its 2017 proposal of taking over Unitech management

The Centre, however, said it would not infuse any funds for completion of pending projects of the company. In a major development, the Centre has told the Supreme Court that it is agreeable to revisit its 2017 proposal to take over the management control of embattled realty firm Unitech Ltd and complete its stalled projects […]

Read More…

Bank loan fraud: Delhi court grants bail to Ratul Puri in a money laundering case.

A Delhi court Friday granted bail to businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to a bank loan fraud. Special Judge Arvind Kumar granted the relief to Puri saying no purpose will be served by keeping him in further custody. The Enforcement Directorate had last […]

Read More…

Bank fraud: Ratul Puri moves bail plea

A Delhi court on Friday sought response from the Enforcement Directorate (ED) on a bail application filed by businessman Ratul Puri, nephew of Madhya Pradesh Chief Minister Kamal Nath, in a money laundering case related to a bank loan fraud. Special judge Arvind Kumar issued notice to the ED and directed it to file a […]

Read More…

The Supreme Court agrees to hear PIL seeking consecutive jail terms in cases of corruption and terrorism

The Supreme Court on Thursday agreed to hear after four weeks the PIL seeking various jail terms awarded to a convict under special laws on corruption and terrorism to run consecutively, as in countries like the US, and not concurrently. A bench headed by Chief Justice S A Bobde considered the submissions by lawyer and […]

Read More…

PMLA Appellate Tribunal also releases assets of 63 Moons from ED attachment.

The PMLA Appellate Tribunal, on Tuesday released the assets of 63 moons from attachment by the Enforcement Directorate (ED). This order comes soon after the Bombay High Court order, which quashed  the attachments of 63 moons assets under the MPID Act. However, the Tribunal, after quashing the attachment orders, has made it subject to filing […]

Read More…

Delhi court allows Robert Vadra to travel abroad on business

 A Delhi court on Friday allowed Robert Vadra, the son-in-law of Congress chief Sonia Gandhi, to travel abroad for business purposes. Special judge Arvind Kumar granted permission to Vadra to travel to Spain from September 21 to October 8. Vadra is facing probe under the Prevention of Money Laundering Act (PMLA). […]

Read More…

Justice Sunil Gaur, Who Rejected Chidambaram’s Bail Plea, Appointed Chairman of PMLA Tribunal

Days after he paved the way for the arrest of Former FM P Chidambaram by denying him interim bail, now-retired Delhi HC judge Justice Sunil Gaur was on Wed. appointed the chairperson of the Appellate Tribunal for Prevention of Money Laundering Act (PMLA). Gaur is set to take over the post from Sept 23. He had retired […]

Read More…

ED to High Court: Seized Choksi firm’s jewellery for involvement in laundering

Jewellery stock of Gitanjali Gems were seized as it was being in direct control of diamantaire Mehul Choksi, who has refused to join investigation, and involved in money laundering, the Enforcement Directorate (ED) today told the Delhi High Court. ED contended that the proceed of crime generated through criminal activities arising out of the scheduled […]

Read More…

Delhi Court allows ED to quiz Kashmiri businessman in Terror funding case.

A Delhi court today allowed the Enforcement Directorate to interrogate a Kashmiri businessman in connection with a terror funding case involving LeT chief and 26/11 Mumbai attack mastermind Hafiz Saeed to unearth the money trail. Additional Sessions Judge Tarun Sherawat allowed the application filed by ED’s counsel Nitesh Rana seeking permission to quiz Zahoor Watali, […]

Read More…