Enforcement Directorate on Friday recorded the statement of jailed YSR Congress chief Jaganmohan Reddy in Chanchalguda prison, where he is lodged currently.
Reliance group chairman Anil Ambani on Thursday appeared before the Enforcement Directorate in Mumbai in connection with a money-laundering probe against Yes Bank promoter Rana Kapoor and others, officials said. The agency is expected to record the statement of Ambani under the Prevention of Money Laundering Act. The 60-year-old businessman arrived at the ED office in Ballard Estate around 9.30 am.
Banks will also have to seek borrower's status report from Central Economic Intelligence Bureau on the account turning NPA
The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
The MHA said all the "glossy statements" about humanitarian work and speaking truth to power are nothing but a "ploy to divert attention" from their activities which were in clear contravention of laid down Indian laws.
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 disclosures will enjoy immunity from wealth tax, civil and other taxation laws but there will be no immunity from FEMA, PMLA, narcotics and black money laws.
"You cannot play hide and seek with the court," Justice Suresh Kait said.
Official is accused of taking a bribe of Rs 2 cr to issue order in an appeal favouring Balaji Trust
According to an ED official, the arrest of the former Public Works Department minister was affected under the provisions of the Prevention of Money Laundering Act after he allegedly refused to cooperate during the questioning.
The Enforcement Directorate on Saturday questioned Kalaignar TV MD Sharad Kumar in connection with its probe into his role in the alleged financial irregularities in the 2G spectrum allocation case.
The ED had filed the first chargesheet in the case against Chidambaram's son Karti; later, a supplementary chargesheet was also filed against him.
The businessman has been grilled in this case four times in the past, the last being February 20.
The NSEL scam, involving Rs 5,600 crore, came to light after the now defunct exchange, promoted by Financial Technologies, failed to pay its investors.
The chargesheet said according to the 'budget sheet, 30 million were paid to Air Force officers.
It is understood that Vijay Mallya left the country for UK on March 2 using a diplomatic passport issued to him by virtue of him being a sitting Rajya Sabha Member of Parliament.
Congress leaders have hit out at the BJP governments at the Centre and in Karnataka, questioning its timing.
In the first such case, four traders engaged in business across the Line of Control in Jammu and Kashmir have been booked by Enforcement Directorate in connection with alleged hawala racket for Lashkar-e-Tayiba terror outfit.
The government has initiated the process to safeguard buyers from online frauds.
According to a complaint from Bank of Baroda, the conspirators allegedly cheated a consortium of bank loans of Rs 3,695 crore. The scam was earlier estimated at around Rs 800 crore.
Three-four big gem and jewellery firms are showing financial weaknesses and might find it tough to withstand shocks
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