As per the existing process of law under the PMLA, the ED could confiscate the assets only after the trial in a case finishes which usually takes many years.
Chidambaram, who was accompanied by police personnel in the police bus, was put in a special cell in the Asia's biggest prison complex as per the orders of the CBI court.
This is one of the many such cases that helped to create an acute fear psychosis among public sector bankers, reveals Tamal Bandyopadhyay in his fascinating new book Pandemonium: The Great Indian Banking Tragedy.
The Congress, desperate to make a comeback in Gujarat, which has been ruled by the Bharatiya Janata Party for over 20 years, has tried to reach out to various sections of society in its blueprint unveiled.
The court had concluded the arguments on quantum of sentence on Friday last week after taking into consideration submissions made by both the prosecution and defence lawyers as well as the lawyer of the victims.
Call it the Aam Aadmi Party effect, as Bihar has decided to dismiss 91 corrupt public servants (officers) from service within one month with more on their way out in the coming months.
The accused, Tapas Ghosh, 49, was arrested on Tuesday night. A Special Investigation Team (SIT) is looking into the matter under the supervision of DCP Vinita Sahu, said Nagpur commissioner of police (CP) Amitesh Kumar.
Chandole was arrested by the ED on late Wednesday night under the Prevention of Money Laundering Act (PMLA) in a case against a security service provider company and others.
Cyber criminals are using apps and young women to trap people through mobile phone calls and video chats.
Joint MD of the company Arun K Saha and MD of transportation network K Ramchand were arrested late evening in Mumbai under the Prevention of Money Laundering Act.
The Kerala high court on Tuesday granted bail to Swapna Suresh in the Unlawful Activities (Prevention) Act case registered by the National Investigation Agency in connection with the sensational gold smuggling through diplomatic channel.
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 CBI has named Prasad, his wife Rabri Devi, and daughters Misa Bharti and Hema Yadav, in addition to 12 people who were given jobs in Railway zones of Mumbai, Jabalpur, Kolkata, Jaipur, Hajipur, the officials said.
Deputy Chairman of the Supreme Court-appointed Special Investigative Team on black money, Justice Arijit Pasayat, said Rs 70,000 crore of black money has been unearthed so far and the sixth report on it will be submitted to the apex court in April.
The ED opposed the bail plea of the accused, saying they indulged in a "very serious" economic offence.
The Supreme Court said on Wednesday that money laundering is a "heinous" crime which not only affects the social and economic fabric of a nation but also tends to promote other serious offences like terrorism and drug trafficking.
M Nageswar Rao, who took over the duties and functions of CBI director late on Tuesday night, appointed Satish Dagar as superintendent of police to probe the case, they said.
Raju and his brother B Rama Raju were told to furnish personal bonds of Rs 100,000 each
The ED had filed six cases in the Additional Chief Metropolitan Magistrate (Economic Offences Court-I) which had discharged the duo in two cases in 2015 and directed them to face the trial in other cases.
The Madhya Pradesh Special Police Establishment (also known as Lokayukta) is exempted under Section 24 of the RTI Act as per directions of the state government, it said in a reply to an RTI query.
Mumbai police chargesheets billionaire-builder Chandru Raheja for cheating, breach of trust; Rahejas call it pressure tactic, say Wadia plea was thrown out by Supreme Court
The top court had granted bail to Chidambaram in the case lodged by the CBI saying he is neither a 'flight risk' nor is there a possibility of 'his abscondence from the trial'.
The Kerala government on Friday decided to recommend a judicial inquiry against central probe agencies, including the Enforcement Directorate, which are investigating the gold and dollar smuggling cases.
The CBI said the RJD leader is likely to get involved in political activities and misuse the grant of bail ahead of upcoming Lok Sabha polls.
CJI Lalit concurred with the minority view of Justice S Ravindra Bhat who held the EWS quota as "unconstitutional" for excluding poor among SCs, STs and OBCs.
It is high time the Indian government signalled discomfort with the UK providing refuge to those accused of financial crimes in India, states Jaimini Bhagwati.
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.
It was perhaps over-enthusiasm that prompted the Indian investigative agencies to take a private jet to Dominica to bring back fugitive diamantaire Mehul Choksi. Predictably, the eight-member team had to return empty-handed after almost a week-long wait. The agencies were banking too much on the "state-less" status of Mr Choksi, as Antigua, which had given him citizenship in 2017, wasn't willing to take him back. Thus, the calculation was that Mr Choksi would be whisked away from the Dominican courtroom to the waiting plane. The reason for the optimism was also because Antigua is friendly territory for India.
Supreme Court judge Justice Rohinton Fali Nariman on Monday recused himself from hearing liquor baron Vijay Mallya's petition against the confiscation of his properties by the Enforcement Directorate.
President Droupadi Murmu administered him the oath at a brief ceremony held at the Rashtrapati Bhavan.
Since arraignment under money laundering is a tougher offence, the CBDT hopes it will also overcome its dismal score sheet to prove satisfactorily to the courts that these cases were genuine ones of tax evasion.
Enforcement Directorate alleged that he was not cooperating and sought his custodial interrogation.
Anil Kumar Sinha, a 1979-batch Indian Police Service officer, on Wednesday took over the reins of the Central Bureau of Investigation at a time when the agency is facing criticism from courts over its handling of probe in coal allocation and 2G scams.
Baghel led from the front to take on the BJP, led by Raman Singh, after being entrusted the task to revive the Congress' fortunes in Chhattisgarh following the third consecutive defeat in the 2013 assembly polls.
A charge sheethas been filed by the Central Bureau of Investigation against social activist Teesta Setalvad, her husband Javed Anand and a company run by them for alleged violation of foreign funding rules.
The BJP-led National Democratic Alliance released its manifesto for the February 20 Punjab polls on Saturday, promising a slew of sops for various sections, including 75 per cent reservation in all government jobs for youngsters from the state, an unemployment allowance, 35 per cent reservation for women in government jobs and massive infrastructure development.
Citing 'frail' health, Chidambaram also said he is not 'accustomed' to food given to him in the jail and has lost 4 kg weight during judicial custody.
In a three-page complaint submitted to the Additional Chief Judicial Magistrate in Kochi, second accused Saritha Nair put the blame for the fraudulent dealings on the first accused Biju Radhakrishnan and actress Shalu Menon while stating that associating her name with politicians and ministers was incorrect.
Shivakumar's lawyers Abhishek Manu Singhvi and Dayan Krishnan opposed the ED's plea for custodial interrogation saying that he had joined the probe and never absconded.
The Supreme Court on Friday restrained senior Indian Police Service officer Archana Ramasundaram from discharging her duty as the additional director in the Central Bureau of Investigation, saying that her appointment "prima facie" seems to be illegal and against the statute.
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