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

Posted On & filed under High Profile Cases, Top Law News.

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.

Posted On & filed under Top Law News.

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 »

Warrant issued against Nirav Modi in Tax evasion case.

Posted On & filed under Top Law News.

A magistrate’s court here today issued a bailable arrest warrant against diamond trader Nirav Modi in connection with a case of alleged tax evasion in purchase of a property which turned out to be “benami”, an Income Tax department official said. Benami properties are those that are not bought and registered in the name of… Read more »

CBI begins questioning of Rotomac owner Vikram Kothari

Posted On & filed under Criminal Law News.

The CBI today started questioning of Rotomac owner Vikram Kothari at its Headquarters here in connection with alleged loan default of Rs 3,695 crore towards a consortium of seven nationalised banks, officials said here. Earlier, Kothari was being questioned in Kanpur where his company and residence is located, they said. He was called here by… Read more »

ED summons Nirav Modi and Mehul Choksi in PNB fraud PMLA case

Posted On & filed under Criminal Law News.

The ED today issued summons for appearance to billionaire diamond merchant Nirav Modi and his business partner Mehul Choksi in connection with its money laundering probe in the Rs 11,400 crore alleged fraud in Punjab National Bank (PNB), officials said. They said both Modi and Choksi were summoned under the Prevention of Money Laundering Act… Read more »

Guj-based pharma firm’s director Rajbhushan Omprakash Dixit arrestedand sent to ED custody

Posted On & filed under Top Law News.

A Director of Gujarat-based pharma firm was arrested  last night in a money laundering case related to an alleged Rs 5,000 crore bank fraud case and  was sent to one day custody of Enforcement Directorate, As  custodial interrogation was required, Metropolitan Magistrate Sumeet Anand sent Rajbhushan Omprakash Dixit to custody after special public prosecutor Nitesh Rana, appeared… Read more »

Court extends separatist Shabir Shah’s ED custody by one day

Posted On & filed under Top Law News.

A Delhi court today granted one more day to the Enforcement Directorate (ED) to interrogate Kashmiri separatist leader Shabir Shah in connection with a decade-old case of money laundering for alleged terror financing. While passing the order, Additional Sessions Judge Rakesh Pandit did not agree with the agency’s plea seeking seven more days’ custody of… Read more »

ED seeks NBW against Lalit Modi after no response

Posted On & filed under Criminal Law News.

The Enforcement Directorate on Monday moved a special court here seeking issuance of a non-bailable warrant (NBW) against former IPL chief Lalit Modi in a case of alleged money laundering registered against him. The central agency approached the special Prevention of Money Laundering Act (PMLA) Court after Modi, who has made London his home, did… Read more »

2G PMLA case: Court warns ED of imposing exemplary cost

Posted On & filed under Consumer Law News.

Enforcement Directorate (ED) today faced the ire of a special court which warned the agency that it would impose “exemplary cost” on it for wasting court’s time due to non-availability of prosecution witnesses for recording of their statements in a 2G scam-related case. Special CBI Judge O P Saini was irked as no prosecution witness… Read more »