Kapoor, 62, and the Wadhawans were arrested by the agency in this case early this year and they are in judicial custody at present.
'This, together with Chinese revisionism, will constitute the major test of the international system.'
Official sources said while the accounts of Nirav Modi, the diamantaire under arrest in this case in London, have deposits of $3,74,11,596 (Rs 258 crore) while the accounts in the name of his sister Purvi Modi has deposits of 27,38,136 (Rs 24 crore).
The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. The properties attached, under the anti-money laundering law, include a flat measuring 1,460 sq feet located at O2 Tower in Goregaon area of Mumbai, gold and platinum jewellery, diamond stones, necklaces made of silver and pearls, watches and a Mercedes Benz car, the ED said in a statement. A provisional order for attachment has been issued under the Prevention of Money Laundering Act (PMLA) for the assets worth a total Rs 14.45 crore that are in the name of Gitanjali Group of companies and its director Mehul Choksi, it said.
There's a lot of action on the OTT front as well as in theatres.
The businessman has been grilled in this case four times in the past, the last being February 20.
The name of Prince William and Kate Middleton's newborn son is now a hot topic in Britain, with George being bookmakers favourite for the christening of the future King.
A special court in Mumbai on Friday declared three family members of late gangster Iqbal Mirchi as 'fugitive economic offenders' under the provisions of a criminal law by the same name, official sources said.
England's county cricketers will forgo 1 million pounds ($1.24 million) in prize money and take pay cuts in April and May to help protect the domestic game during the COVID-19 pandemic, the Professional Cricketers' Association (PCA) has said. England's centrally contracted men's players have already donated an initial 500,000 pounds to the ECB and selected good causes,
A UK judge presiding over the extradition proceedings of Nirav Modi on Tuesday ruled that the evidence submitted by the Indian authorities to establish a prima facie case of fraud and money laundering against the fugitive diamantaire is broadly admissible. District Judge Samuel Goozee heard the arguments for and against the admissibility of certain witness statements provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) at Westminster Magistrates' Court in London and concluded that he considered himself "bound" by the previous UK court rulings in the extradition case of former Kingfisher Airlines chief Vijay Mallya. He then adjourned the case for a two-day hearing on January 7 and 8 next year, when he will hear the final submissions in the case before he hands down his judgment a few weeks later.
The 49-year-old jeweller, fighting extradition in the estimated $2-billion Punjab National Bank (PNB) scam case, will appear via videolink from Wandsworth Prison in south-west London for the latest hearing in the case, during which District Judge Samuel Goozee will hear his defence team's arguments against the admissibility of certain evidence provided by the Central Bureau of Investigation (CBI) and Enforcement Directorate (ED) in order to establish a prima facie case against the accused.
Scotland will vote on whether it will be an independent country or will remain a part of the United Kingdom on September 18. With the vote coming up next week, a look at ten famous Scots.
The Hinduja Group, in partnership with a Spanish industrial company, has acquired UK's iconic Old War Office building that was once occupied by the country's war-time Prime Minister Winston Churchill.
They added that Vadra was expected to join the probe again on Friday.
A key defence to disprove a prima facie case of fraud and misrepresentation on Mallya's part has revolved around the fact that Kingfisher Airlines was the victim of economic misfortune alongside other Indian airlines.
Love travelling and taking pictures? This list is for you!
While the NEET is scheduled to be held on September 13, engineering entrance exam JEE Main has been planned from September 1-6. Around 9.53 lakh candidates have registered for JEE-Mains and 15.97 lakh students have registered for NEET.
The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money-laundering charges in Mumbai in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said.
Alexandr Kogan, the Cambridge University researcher who developed the app used by Cambridge Analytica, claimed he has been made a scapegoat.
When the novel coronavirus outbreak hit China in late December and January, the government sprang into crisis mode. Hard-hit cities like Wuhan, where the outbreak began, went into complete lockdown. Millions worked from home or self-quarantined for weeks on end. New hospitals were built in a matter of days to treat the sheer number of patients. People who broke quarantine rules or lied about their travel history were detained. Soon, the virus spread over the globe, with many countries banning movement of citizens to some ordering sanitisation of public spaces. Take a look.
The results for the People's Choice Award for the Wildlife Photographer Of The Year are in.
South America-based Synergy Group, one of the suitors, has said slots at London's Heathrow airport are critical to the airline's operations and will decide on participating in the resolution only if it gets clarity. It also wants to form a new company with its assets, employees, and operating permit but minus all liabilities.
Ageing is a funny process. After rebelling and exploring, the human being drifts to the ordered arrangement, he/she once left. As a youngster I outgrew ABBA while my mother continued to like them. In September 2021, when ABBA's first single in 40 years was launched, I sent the video link to my mother. Meanwhile, now in my fifties, I find myself curious to hear ABBA's new songs, notes Shyam G Menon.
On December 31 this year, a "leap second" will be added to the world's clocks at 23 hours, 59 minutes 59 seconds Coordinated Universal Time, the United States Naval Observatory has announced.
Johnson was to spend a few days in India starting April 26 as part of a planned itinerary, which is expected to include finalising a UK-India Enhanced Trade Partnership.
Thank heavens for these images! From a mesmerizing panorama of the aurora borealis in Iceland to a beautiful image of Comet Neowise, the Royal Observatory's annual Astronomy Photographer of the Year competition has again produced some truly astounding images. Run by the Royal Observatory Greenwich in London in association with BBC Sky at Night Magazine and now in its thirteenth year, the competition this year received over 4,500 entries from around the world. The competition winners will be announced on September 16 at an online award ceremony, and displayed in London's National Maritime Museum that same month. Here's our favourite images from this year's batch.
The ECB has been trying to convince both the BCCI and the Cricket South Africa to agree to play a tri-series later this year but nothing has been finalised as yet.
Mallya said, the ED on the one side and the banks on the other are fighting over the same assets.
The attached assets include 15 commercial and residential properties belonging to the 'family members' of Mirchi. They include a hotel called Midwest Hotel Apartment, the ED said. They are valued at Rs 203.27 crore and have been provisionally attached under the Prevention of Money Laundering Act (PMLA), the central probe agency said in a statement.
A magnificent long-range strike from Youri Tielemans gave Leicester City their first FA Cup triumph with a 1-0 victory over Chelsea at Wembley on Saturday, in front of the biggest crowd in England since March 2020.
Vadra was asked to join the investigation at the tax authority's office but as he cited COVID-19 restrictions, a team of officials visited his premises in Delhi's Sukhdev Vihar area.
Here's this week of photos that prove we live in a mad world.
Modi is subject to two sets of criminal proceedings, the first brought by the CBI relating to a large-scale fraud said to have been committed upon PNB and the ED case, relating to the laundering of the proceeds of that fraud.
The water quality at the Olympic sailing venue in Rio de Janeiro is a serious issue but will be resolved by the time the Games begin next year, Rio Organising Committee president Carlos Nuzman said on Tuesday.
Given how everything has played out, Mehul Choksi, now 62, achieved all that he wanted but for all the wrong reasons, says Pavan Lall.
This week's collection of stories that prove we live in a truly mad, mad world.
The political-electoral calculus favours spending thousands of crores on vanity projects like Sardar Patel's statue and the Central Vista over building up our military to handle the confrontations and conflicts that loom large, points out Ajai Shukla.
Despite recent developments that have accelerated the impending extradition of fugitive diamantaire Nirav Modi, who has been in custody in London's Wandsworth Prison for over two years, the last month has seen his uncle Mehul Choksi dominate the headlines instead with his circus-like exhibition in the Caribbean that has involved red herrings such as a "girlfriend", to whom his wife seemed to have no objection, and possibly concocted stories of being kidnapped and manhandled. Choksi was widely regarded as Modi's Svengali in Mumbai when he returned from Belgium to expand his business. He had fled to Antigua well before news around how Modi finagled thousands of crores from Punjab National Bank (PNB) and other institutions through a series of allegedly coordinated and fraudulent actions involving letters of undertaking, or LoUs.
'In the second wave, probably due to the mutants, probably due to COVID-19-inappropriate behaviour, we are seeing it coming in the younger population, say from ages 30 to 50.' 'Also, we've seen that sometimes they deteriorate pretty rapidly and therefore we may need to keep a closer watch on the symptoms and on the oxygen levels at home.'
If the absconding jeweller is traced in Britain, the extradition request to the UK government could follow a similar course as the case of embattled liquor tycoon Vijay Mallya
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