The Mumbai Police, probing the Rs 5,600-crore (Rs 56 billion) scam at the National Spot Exchange has initiated the process of attaching about 25 immovable assets of the borrowers and has shortlisted nearly 100 properties of all the accused in the case, a senior police official said.
A delegation of account-holders went to Sion police station in central Mumbai and submitted the complaint against officials of the bank on which the RBI has imposed operational restrictions. The delegation in its complaint alleged that at least 14 people, including the PMC Bank's chairman and all its directors, were involved in misappropriation of funds of the account-holders.
The ED slapped criminal charges of money laundering on the basis of the Mumbai Police FIR that was filed in August this year, which itself was filed on the basis of a similar complaint by the state economic offences wing.
Rashtrapati Bhawan has filed a complaint with Delhi Police against former IPL Commissioner Lalit Modi for posting "defamatory" tweets against President Pranab Mukherjee and his Secretary Omita Paul.
'Scindia did not just come to a new party, it was an ideological shift for him. In the past one and a half years, Scindia never lost communication with RSS leaders in the state. He left no stone unturned to ensure his acceptability in the party'
The police also booked the man belonging to the Muslim community on charges of various offences under the Uttar Pradesh Prevention of Unlawful Conversion of Religion Act and kidnapping under the IPC.
Sanjay Gulati, a resident of suburban Oshiwara, went to a protest march held outside a city court on Monday morning and had been under stress because of his deposit being stuck.
288 first-time offenders have been coaxed to leave the path of crime and lead a normal life.
In the first arrest in the NSEL's Rs 5,600 crore (Rs 56 billion) payout scam, a top official of the beleaguered spot commodity bourse, which defaulted on its payment for the eighth time in a row yesterday, was held on Wednesday by Mumbai police's Economic Offence Wing (EOW).
A special court in Ahmedabad which acquitted all the 67 accused in the Naroda Gam post-Godhra riots case has criticised the probe conducted into it by a Special Investigation Team (SIT) formed by the Supreme Court, and said the evidence of the prosecution's witnesses was full of contradictions and could not be relied upon.
Shah came under scanner last year, when his group company NSEL faced a payment crisis and nearly 18,000 investors allegedly lost millions in late July.
LVB had faced some serious flak in terms of bad loans, earnings and credit rating downgrades, since 2016.
A special court on Saturday granted bail to four former Indian Air Force (IAF) officers in the AgustaWestland chopper deal corruption case after they appeared before it following summons issued on the last date of hearing.
The agency's latest action, under Prevention of Money Laundering laws, had been taken against the borrower company and its two group companies, which owe the investors Rs 922 crore (Rs 9.22 billion), sources said.
The PCA plan covers various suggestions or measures to recover non-performing assets (NPAs), reduce costs, boost capital, downsize risk-weighted assets, and improve profitability, among others. The LVB management is in the process of implementing all of these, said sources.
National Spot Exchange Limited, promoted by Jignesh Shah-led Financial Technologies, is facing payment crisis of Rs 5,600 crore (Rs 56 billion).
The Ministry of Corporate Affairs ordered the inspection of the books of accounts of NSEL and Financial Technologies India Ltd to ascertain if any rules under the Companies Act were violated, a senior official said.
The Enforcement Directorate on Tuesday arrested Financial Technologies India Limited founder Jignesh Shah in connection with its probe into the Rs 5,600-crore National Spot Exchange Limited money laundering scam.
PNB has rich experience in the integration of commercial banks.
A bench of Justices Surya Kant and JK Maheshwari set aside the pre-arrest bail granted to Indian Revenue Service officer Santosh Karnani on an appeal by the Central Bureau of Investigation.
Amid the debate over the release of Bilkis Bano case convicts, the Madhya Pradesh government's proposed new policy provides for a life sentence till death for those held guilty for offences like gangrape and terrorist acts.
The bench expressed displeasure over the trend of filing of sedition cases just after senior advocate F S Nariman made opening submissions on behalf of Singh, saying 'the gentleman has served as the Additional Director General of Police (ADGP) and was acting as the Director of the Police Academy and now the proceedings under section 124A (sedition) of the IPC have been initiated against him'.
Comments like "hell is waiting" and "you hate Brahmins" are part of the post that allegedly criticises the veteran leader.
"The four directors of the company, including Michael Ferreira, have been brought to Hyderabad from Mumbai on warrant," a senior police official attached to Central Crime Station, a wing of Hyderabad Police, said on Wednesday.
Keeping in mind the bitter backdrop in which the two Sena factions are likely to come face-to-face with each other on October 5, the Mumbai police, along with the Maharashtra administration, are leaving nothing to chance.
Rehana Fathima, a woman's right activist, was facing charges under various provisions of the POCSO, Juvenile Justice and the Information Technology (IT) Acts for circulating a video in which she was seen posing semi-nude for her minor children, allowing them to paint on her body.
The issue dates back many years when the actor and others proposed bringing Sony TV channel to India.
In a breather to social activist Teesta Setalvad and her husband, the Bombay high court on Friday granted the duo 17-day interim relief from arrest in a Central Bureau of Investigation case alleging that her company received Rs 1.8 crore from abroad without mandatory approval from Centre.
The ruling Aam Aadmi Party accused the central dispensation of keeping the party ministers and MLAs in controversy to ensure that the work done by the Delhi government was not highlighted among the people.
Whistle-blowers allege the brothers violated court orders by selling assets like art and real estate worth crores bought by funds from their companies.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
'It seems to be a bit of an aberration. It should be set right; there is a proper mechanism in place. In the normal course, the state police do not have any jurisdiction on central government employees,' the official said.
Kumar and others, including former JNU students Umar Khalid and Anirban Bhattacharya, were accused of raising anti-India slogans.
ED lawyer Hiten Venegaonkar contended that huge amount of money was laundered and Shah's acts constituted a very serious economic offence
According to a National Crime Records Bureau report, a total of 356 cases of sedition -- as defined under section 124A of the IPC -- were registered and 548 people arrested between 2015 and 2020, out of which only six were convicted.
Shah is likely to be released later on Friday evening or Saturday after completing the formalities.
Sanjeev Khanna, the step father of Sheena Bora and a key accused in the sensational murder case, was on Tuesday remanded in judicial custody till September 21.
Security and intelligence agencies will soon be provided with a new platform which is technologically advanced, secure and helpful in dealing with new age criminals and anti-social elements, officials said on Wednesday.
NSEL scam: Brokers of IIFL, Anand Rathi, Geojit arrested.
The arrest warrant was issued by the court of Judicial Magistrate Ravtesh Inderjit Singh.
