Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
Mishra alleged that the Aam Aadmi Party received money from a company of Delhi based lawyer Rohit Tandon, whose assets worth crores have been attached by the Enforcement Directorate over alleged money laundering after demonetisation.
The officials said the case was re-registered by the NIA recently and it has initiated investigations into it.
The prime accused deployed a modus operandi of claiming the investment in real estate purchased in the name of third party as unsecured loan
This is the second time the former finance minister has got relief from arrest.
Himachal Pradesh Chief Minister Virbhadra Singh, who has accused the Modi dispensation of trying to "destabilise and topple" his government by using central agencies, on Monday met Congress President Sonia Gandhi in the backdrop of President's Rule being imposed in party-ruled Uttarakhand.
Frozen mutual funds and shares worth Rs 86.72 crore belong to Choksi and his group, and the rest are owned by the Modi group.
This is one of the major corporate frauds in the country.
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
Besides Mallya, his companies Kingfisher Airlines and United Breweries Holdings Limited have also been named as accused
The court also dismissed petitions of his wife Pratibha Singh, son Vikramaditya Singh and another person.
As a multi-disciplinary organisation, SFIO probes cases of financial frauds that are referred to it by Corporate Affairs Ministry
The lawyer also claimed "there is no evidence to prove any of the charges levelled against my client."
USL claims it has given a report on how the liquor baron channelled money from the company to Kingfisher Airlines, Force India and Watson.
Officials said the agency has issued fresh summons to Singh as it wants to record his statement under the PMLA.
Pai said he was also against 'naming and shaming' willful defaulters of bank loans.
The Income Tax Department on Tuesday also raided 20 premises linked to Gitanjali Gems promoter Mehul Choksi and suspected shell firms in connection with an alleged tax evasion case against them, official sources said.
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
He said 100 youths joined terrorism in J-K this year, which is also the lowest in many years.
The ED had summoned Patel, 70, twice for questioning in the case but the Congress Rajya Sabha MP from Gujarat later cited prevailing COVID-19 guidelines that advises senior citizens to stay indoors in order to remain safe from the pandemic.
The agency has also called former Trinamool Congress Rajya Sabha MP Kunal Ghosh to Shillong on February 10.
The central probe agency has also issued a notice asking general public 'to furnish information and particulars of properties, both movable and immovable as well as bank accounts, in the state of West Bengal and other places, if any, related to Saradha group known to them, with specific details' to it.
A bench of Justices Arun Mishra and U U Lalit also cancelled the leases of Amrapali's properties granted by the Noida and Greater Noida authorities and directed the Enforcement Directorate to investigate alleged money laundering by CMD Anil Sharma and other directors and senior officials of the group.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
ED filed a bulky prosecution investigation report before the XXI Additional Chief Metropolitan Magistrate cum Special Sessions Judge here today seeking to "prosecute the accused for the offence of money laundering" under the Prevention of Money Laundering Act.
The Enforcement Directorate, probing money laundering charges against Himachal Pradesh Chief Minister Virbhadra Singh and his family members, on Tuesday recorded the statement of his wife Pratibha Singh
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 agency has stated in detail in the charge sheet how funds of about Rs 400 crore were moved abroad in alleged violation of rules.
Out of these, no balance has been found in case of 289 accounts
The agency had summoned Singh earlier also, but then he had excused himself stating his official commitments.
The officials said her statement was also recorded under the Prevention of Money Laundering Act.
'Now that an extremist organisation like the PFI has been banned, it is time for the leaders to reach out to the minority community.' 'You need to have co-ordination between the State and the social fabric to send out the message that it is not directed at the community, and they should not feel vulnerable.'
Breaking his silence after a long time, to state the "factual position in response to the controversy unfortunately surrounding" him, Mallya said he had written letters to both the prime minister and the finance minister on April 15, 2016, to explain his side of the story. "No response was received from either of them," he said in a statement.
Delivering the verdict, Westminster Magistrates' Court Chief Magistrate Judge Emma Arbuthnot said that there was "no sign of a false case being mounted against him".
The Rs 5,600-crore (Rs 56 billion) NSEL scam could have been averted had its top management and other functionaries "performed their duties and exercised due diligence" to check the dubious activities of defaulting firms which have been alleged to have cheated numerous investors, investigation by Enforcement Directorate (ED) has revealed.
The Enforcement Directorate has registered a money laundering case against a close associate of Union Minister Gen (retd) VK Singh over alleged financial irregularities in the supply of defence items.
The crisis at the bank is attributed to loans made to realty player Housing Development Infrastructure Ltd, which were allegedly hidden from regulators' scrutiny, turning non-performing assets.
ED officials said the nine premises covered under the action included properties and offices belonging to Bhujbal, son Pankaj, nephew and former member of Parliament Samir and a few others.
Chidambaram's son Karti has been questioned twice by the ED in this case.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
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