Sitaram Yechury, the general secretary of the Communist Party of India (Marxist), was in Kannur on April 16, 2024 to campaign for the Left candidate from the constituency, M.V. Jayarajan. The Hindu caught up with him for a quick chat at the district office of the Communist Party of India [CPI(M)] at Parakkandy in the … Read more
The Enforcement Directorate (ED) need not furnish a person accused under the PMLA with a copy of the grounds of detention at the time of his arrest, the Supreme Court clarified. File | Photo Credit: PTI The Supreme Court has clarified in a judgment that the Enforcement Directorate (ED) need not furnish a person accused … Read more
Delhi Chief Minister Arvind Kejriwal with Rajya Sabha MP Kapil Sibal. File | Photo Credit: SUSHIL KUMAR VERMA It is time for courts to wake up to the blatant misuse of the Prevention of Money Laundering Act (PMLA), Rajya Sabha MP Kapil Sibal said on Wednesday (November 01), days after the Enforcement Directorate summoned Delhi … Read more
BRS leader K. Kavitha. | Photo Credit: PTI The Enforcement Directorate on September 25 told the Supreme Court that the probe agency will not summon Bharat Rashtra Samithi (BRS) leader K. Kavitha in the Delhi excise policy case till the court hears her plea on November 20. A Bench of Justices Sanjay Kishan Kaul and … Read more
The ED, after the searches, said it seized “unaccounted cash” of ₹1 crore and detected proceeds of crime worth ₹600 crore. | Photo Credit: PTI The Enforcement Directorate (ED) on Wednesday recorded the statement of RJD chief Lalu Prasad’s daughter Ragini Yadav in a money laundering case linked to the alleged land-for-jobs in railways scam, … Read more
“Banks have written off ₹11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,” Parliament was informed on December 20. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the … Read more
Maharashtra BJP on Saturday continued to target the Maha Vikas Aghadi (MVA) government in the state over the arrest of its minister Nawab Malik, and sought to know why Chief Minister Uddhav Thackeray was not asking him to step down. Talking to reporters in Pune, Maharashtra BJP chief Chandrakant Patil said that in the past, … Read more
New Delhi: In a ruling that will have a bearing on several high-profile insolvency cases, the Supreme Court has clarified that proceedings against a corporate debtor over money-laundering charges would end once a resolution plan is approved, but continue against wrongdoers in the erstwhile management. A three-judge bench led by Justice RF Nariman recently clarified … Read more
NEW DELHI: Investigation into the AgustaWestland VVIP chopper deal has revealed that middlemen involved in the deal allegedly had some other Indian defence deals on their radar, including one for light observation helicopters and a contract to refurbish an airport, people with direct knowledge of the matter said. Dispatches allegedly sent by alleged middleman Christian … 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