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

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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 […]

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

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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 […]

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

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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 […]

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Bank fraud: Ratul Puri moves bail plea

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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 […]

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

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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 […]

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

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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 […]

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Delhi court allows Robert Vadra to travel abroad on business

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 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).

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

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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 […]

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

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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 […]

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

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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, […]

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Warrant issued against Nirav Modi in Tax evasion case.

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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 […]

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PNB fraud : ED attaches houses and land worth INR 523cr of Nirav Modi group

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 The Enforcement Directorate (ED) on Saturday attached 21 properties, including a penthouse and a farmhouse, of Nirav Modi and his group worth over INR 523 crore in fresh action against the beleaguered jeweller in the alleged Rs 11,400 crore fraud in the PNB The central probe agency said it has issued a provisional order for […]

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CBI begins questioning of Rotomac owner Vikram Kothari

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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 […]

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

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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 […]

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

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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 […]

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

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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 […]

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ED seeks NBW against Lalit Modi after no response

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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 […]

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

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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 […]

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Delhi HC directs CBI to supply relevant documents to IRS officer

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The Delhi High Court has directed CBI to give relevant documents to a senior IRS officer, who is facing trial for allegedly diluting I-T appraisal reports of arms dealer Suresh Nanda’s companies, saying the “same would seriously prejudice the rights of the accused”. Justice Ved Prakash Vaish allowed the plea of accused Ashutosh Verma, who […]

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VVIP chopper case: Court extends Khaitan’s judicial custody

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A Delhi court today extended till November 28 the judicial custody of businessman Gautam Khaitan who was arrested by Enforcement Directorate (ED) in connection with a . Khaitan was produced before special CBI judge V K Gupta after expiry of his judicial custody and the court extended it till November 28 after ED prosecutor Vikas […]

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ED gets four days custody of Verma and his wife

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The Enforcement Directorate (ED) was on Thursday allowed by a Delhi court to take into their custody businessman Abhishek Verma and his wife for four days to quiz them for their alleged role in a money laundering case. Verma and his Romanian wife Anca Maria Neascu, arrested by the ED yesterday in connection with the […]

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Maha says CBI can’t probe Adarsh scam

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Even as the CBI today filed its charge sheet in the Adarsh scam, the Bombay High Court allowed Ministry of Defence to submit within two weeks its response to Maharashtra government’s claim that the central agency had no jurisdiction to probe it. The Maharashtra government and the Adarsh society filed their affidavits before the court […]

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