New Delhi: Cash and suspected illegal inducements for voters such as liquor seized in poll-bound Bihar have been valued at over Rs 35 crore, a figure much more than what was impounded by surveillance teams during the last assembly polls in 2015, according to the latest EC data. The items seized during the last assembly … Read more
UAE-based businessman BR Shetty has sought an investigation by central Indian agencies into what he termed a $6 billion fraud committed by former top executives of his companies in connivance with “unscrupulous” bankers. The founder of hospital chain NMC Healthcare and UAE Exchange has sent a written complaint to the Central Bureau of Investigation and … Read more
New Delhi: Criminal cases against sitting and former lawmakers have increased over the last two years and strict monitoring at the micro level is needed by high courts to ensure expeditious disposal of cases against them, the Supreme Court was informed on Monday. The total number of cases against sitting and former lawmakers are 4,859 … Read more
NEW DELHI: The Enforcement Directorate (ED) on Thursday filed prosecution complaint (equivalent of a charge sheet) against Mohd. Salman, Hafiz Muhammad Saeed (founder of Lashkar-e-Taiba, Jamaat-Ud-Dawa and Falah-i-Insaniyat Foundation, Pakistan), his Deputy Shahid Mehmood, Mohd. Kamran a Dubai based Pakistani and Mohd. Salim Mama a Delhi based hawala operator under Prevention of Money Laundering Act, … Read more
NEW DELHI: The Enforcement Directorate on Tuesday said it has attached Dubai-based assets worth over Rs 203 crore of late gangster Iqbal Mirchi‘s family in connection with a money laundering case. The attached assets include 15 commercial and residential properties belonging to the “family members” of Mirchi. They include a hotel called Midwest Hotel Apartment, … Read more
Mumbai: Businessman Deepak Kochhar, husband of former ICICI Bank MD & CEO, Chanda Kochhar has tested positive for Covid 19. Kochhar who has been admitted at Delhi’s AIIMS hospital is asymptomatic, sources in the know of the development told ET. Kochhar was arrested last week by the Enforcement Directorate ( ED) in a money laundering … Read more
New Delhi: The Enforcement Directorate (ED) has attached assets worth nearly Rs 60 crore of the Church of South India Trust Association (CSITA) in Bengaluru for alleged illegal transfer of land leased to it by the Defence Ministry. In a statement, the ED said the attached assets are in the form of fixed deposits maintained … Read more
Punjab National Bank (PNB) received $3.25 million (Rs 24.33 crore) in the first tranche of recoveries from the liquidation of wilful defaulter Nirav Modi’s assets in an ongoing case in the United States. Further recoveries from the total liquidated amount of $11.04 million (Rs 82.66 crore) realised by the US Chapter 11 trustee will depend … Read more
Mumbai: The Enforcement Directorate (ED) probing a money laundering case against erstwhile management of Bhushan Power & Steel Limited (BPSL), has come across alleged ‘clandestine clearances’ of finished goods from its Odisha Plant to its plants at Kolkata and Chandigarh. According to the agency, goods valued at Rs. 700 crore had been allegedly cleared without … Read more
NEW DELHI: The Enforcement Directorate is carrying out raids at 14 locations in Delhi, Surat and Gurgaon in connection with Pilatus aircraft deal allegedly involving absconding arms dealer Sanjay Bhandari. It might be mentioned here that Bhandari, along with unknown officials of the Indian Air Force and others, already stand booked by the Central Bureau … Read more