The EOW stated in its closure report that it did not see any criminality or wrongdoing in the matter, adding that the bank in question did not suffer any losses in the process of sanctioning loans or selling the Jarandeshwar Sugar Mill.
Goa Cricket Association president Chetan Dessai, secretary Vinod Phadke and treasurer Akbar Mulla were today arrested by police for alleged misappropriation of over Rs three crore belonging to the organisation.
Alamgir Alam had distanced himself from the activities of Lal while speaking to reporters after the ED raids, pointing out that he had earlier served with other ministers of the state government too.
Sebi filed a criminal complaint against the brokers with the economic offences wing, which on Friday registered a case under the Forward Contract Regulation Act 1952.
A total of 161.30 acres of land, plant, machinery and building of the Kannad Sahakari Sakhar Karkhana Limited (Kannad SSK) located in Kannad village of Aurangabad district has been provisionally attached under the Prevention of Money Laundering Act (PMLA), the ED said in a statement.
A case has been registered against Karvy Stock Broking Ltd promoter C Parthasarathy and others for allegedly cheating ICICI Bank to the tune of Rs 563 crore.
Shah and Javalgekar were arrested on May 7.
Court cases, investigations, dwindling sales and fall in market capitalisation could make recovery a tough challenge.
The accused were allegedly complicit in causing losses to the tune of Rs 1,000 crore to MSCB between 2007 and 2011.
The Supreme Court on Monday said that it will constitute a fresh bench to hear the plea of home buyers seeking delivery of their homes booked with the Amprapali group. A bench comprising Chief Justice D Y Chandrachud and Justice J B Pardiwala was urged by a counsel for home buyers to set up a fresh bench as the matters pertaining to the Amrapali group were being heard by a bench headed by the then CJI U U Lalit, who demitted office on November 8. "I will constitute a bench," the CJI said. The plea was mentioned by lawyer M L Lahoty, appearing for home buyers.
In August, the ED had raided the residential premises of former Ranbaxy CEO Malvinder Mohan Singh and his brother Shivinder Singh in connection with a money laundering case.
The Economic Offences Wing of Mumbai Police on arrested former managing director and chief executive of the beleaguered National Spot Exchange (NSEL) Anjani Sinha.
The ED is also probing alleged violations of foreign exchange rules by the company since 2006.
Sources say bills were inflated by the company and not recorded correctly.
Actor Jacqueline Fernandez on Monday arrived at the Patiala House court in the national capital in connection with the Rs 200 crores money laundering case involving alleged conman Sukesh Chandrashekhar.
Sandeep Raut has been asked to depose before the central agency at its office in Mumbai next week, they said, adding his statement will be recorded under the Prevention of Money Laundering Act.
The Reserve Bank on Monday cautioned people against money schemes offering assured high returns and asked them not to have deposits with unauthorised non-banking finance companies (NBFCs), which falsely claim to have approval from the central bank to conduct business.
The Economic Offences Wing of the Uttar Pradesh Police has launched a probe into the alleged misappropriation of funds by a trust run by Union Law Minister Salman Khurshid and his wife Louise. "Four teams have been constituted to conduct probes in 17 districts where irregularities are suspected. Whether this suspicion is wrong or right only time will tell," Director General of EOW Subrata Tripathi told reporters.
Twenty-two people who used websites to allegedly post "highly offensive" content against Congress leader Digvijay Singh will face a criminal case following a complaint filed by him.
The Economic Offences Wing of the Delhi Police has registered a case against two NGOs in connection with financial irregularities, an official said on Saturday.
A man allegedly forged a letter in the name of External Affairs Minister Salman Khurshid and presented it before the consul general of Saudi Arabia to procure a visa to visit Mecca and Medina, police said on Tuesday.
The Enforcement Directorate will now, along with the Uttar Pradesh police' Economic Offences Wing, investigate the Rs 500-crore fraud alleged to have been played by Samajwadi Party general secretary Amar Singh.
12 properties of former Mumbai city Congress chief Kripashankar Singh and his family were on Friday attached by the Mumbai police, three days after lodging an FIR against them for possessing assets disproportionate to their known sources of income.
A day after the Madhya Pradesh high court asked Central Bureau of Investigation to probe Treasure Island mall case allegedly involving him, Congress general secretary Digvijay
President Pratibha Patil has conferred police medals on sixteen officers of the country's premier investigative agency, the Central Bureau of Investigation
After its stock fell 22 per cent on the Bombay Stock Exchange, education solutions provider Educomp Solutions filed a complaint with the Additional Commissioner of Police, Economic Offences Wing, Crime Branch (Delhi Police) to identify the source of malicious emails alleging account manipulation, and has sought action against them.
Director general of police S S P Yadav will personally supervise the investigation, highly-placed police sources told PTI.
The Enforcement Directorate (ED) on Thursday arrested former Fortis Healthcare promoter Shivinder Mohan Singh in a money laundering case related to the alleged misappropriation of funds at Religare Finvest. A team of ED officials went to Tihar Jail and placed Singh under arrest as per the provisions of the Prevention of Money Laundering Act.
Bajpai, who is the most prominent face of the online survey company's India operations, was arrested under Indian Penal Code for cheating and conspiracy.
A key accused in the infamous PMC bank scam of Maharashtra was caught in Bihar while trying to sneak into Nepal, an immigration official said here on Thursday.
The Lucknow bench of the Allahabad high court on Wednesday sought a report from the Economic Offences Wing of the Uttar Pradesh police on the investigation into alleged irregularities in Dr Zakir Hussain Memorial Trust run by Union Minister Salman Khurshid and his wife Louise.
Satyam Computer Services founder B Ramalinga Raju, ex-CEO B Rama Raju and ex-CFO Vadlamani Srinivas in window-dressing the company's accounts, according to the remand case diary filed by the Economic Offences Wing of the Andhra Pradesh Crime Investigation Department.
Bollywood actor Nora Fatehi was on Thursday questioned for nearly five hours by Delhi Police's Economic Offences Wing for investigation in connection with an extortion case linked to alleged conman Sukesh Chandrashekhar, officials said.
The Uttar Pradesh government has handed over the case against Samajwadi Party leader Amar Singh and others for alleged financial fraud amounting to Rs 500 crore to the Economic Offences Wing of the state police, official sources said.
The Economic Offences Wing has alleged that the former BCCI president diverted funds from a bank account in Kolkata meant for paying legal fees towards various other expenses.
Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, on Thursday told investigators that he was making "relentless" efforts to recover money from defaulters.
The Bihar Police's Economic Offences Unit, which is probing the alleged National Eligibility-cum-Entrance Test (Undergraduate) (NEET-UG) paper leak case, on Saturday claimed to have obtained reference question papers of the test conducted by National Testing Agency (NTA) and planned to compare these with documents recovered from a flat in Patna during a search operation last month.
The Enforcement Directorate on Friday searched premises of Baramati Agro, a company owned by MLA Rohit Pawar, grand nephew of NCP supremo Sharad Pawar, and linked entities as part of a money laundering probe into the alleged Maharashtra State Cooperative Bank scam, official sources said.
Upping the ante, fintech unicorn BharatPe has filed an arbitration for clawing back it's former MD and co-founder Ashneer Grover's restricted shareholding and founder title, sources said. The arbitration was filed on Thursday under Singapore International Arbitration Centre (SIAC) rules, sources with direct knowledge of the matter said. If relief is granted, Grover may lose his unvested shares and right to use the founder title.
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