Modi is the second businessman after liquor tycoon Vijay Mallya to be declared a fugitive economic offender under provisions of the Fugitive Economic Offenders (FEO) Act which came into existence in August last year.
Nothing has ever been done to make bank officers accountable, except for the rare actions when there is a public controversy, argues Debashis Basu.
A leading Chinese bank may have been used by Palestinian terrorist group Hamas and its allies to launder money for their global operations,according to Israeli intelligence reports.
The government has initiated a forensic audit at the state-run Oriental Bank of Commerce and Dena Bank after unearthing of a suspected scam, wherein the lenders allegedly misappropriated funds worth Rs 436 crore from their fixed deposit customers.
A senior Hamas official has admitted the militant group's involvement in the kidnapping and murders of three Israeli youngsters which sparked off the current violence in Gaza, contrary to the outfit's earlier claims that it had nothing to do with the killings.
'Israel has received an extremely hard and rude reminder that it cannot go ahead and talk of normalisation of relations with other Arab countries without addressing the issues pertaining to Palestine.'
A five-judge Constitution bench headed by Justice Sanjay Kishan Kaul, in a unanimous verdict, ruled that its 2014 verdict, which had struck down a provision of the Delhi Special Police Establishment (DSPE) Act, 1946 providing immunity to such officers in graft cases, will have retrospective effect.
Mumbai Congress chief Sanjay Nirupam, who was supposed to lead a 'silent' morcha of his party workers at the Bandra Kurla Complex in Mumbai, the venue of Prime Minister Narendra Modi's public meeting, on Saturday claimed that he has been placed under "house arrest" by police.
Police said that going by the appearance of the man, "he seemed to be somewhat mentally unstable".
The finance ministry is not only keen to split the roles of CMD, but also wants to appoint them for a fixed tenure of five years.
She said she was an "Indian citizen and a law abiding citizen" and has not broken any law. "But, even to issue the two-year passport, the Official Secrets Act has been invoked against me. This Act is usually invoked for espionage," Iltija claimed.
The PMLA court in Mumbai has sought their appearance on September 25 (Nirav Modi) and 26 (Mehul Choksi) respectively under the fugitive economic offender law.
The central probe agency that began action against the banker by raiding his upscale residence in south Mumbai on Friday is primarily investigating Kapoor, his wife and three daughters over a Rs 600 crore fund received by a firm allegedly "controlled" by them from an entity linked to the scam-hit Dewan Housing Finance Limited.
The CBI said the software enables the user to save all required details to book Tatkal tickets beforehand.
World football body FIFA put Jerome Valcke, its second-ranking official, on leave on Thursday just hours after an ex-footballer raised allegations he was involved in a plan to resell 2014 World Cup tickets for a lucrative profit.
Reversing the burden of evidence means that the principle of innocent until proven guilty does not apply. It is exactly the opposite: Guilty as charged, until you can convince the judges of the contrary, points out Shekhar Gupta.
The special court, however, did not permit the ED to attach the paintings owned by Modi and seized by the Income Tax department as the Bombay high court had earlier directed for the artworks to be auctioned but the money to be deposited and not disbursed.
Companies owned by fugitive diamantaire Mehul Choksi have allegedly siphoned off over Rs 6,344.96 crore from the Punjab National Bank (PNB) using fraudulent letters of undertaking and foreign letters of credit, a CBI investigation into the scam has detected. The findings were submitted by the CBI in a supplementary chargesheet filed before a special court in Mumbai last week, where the agency said the PNB was conned by its employees who were allegedly hand in gloves with Choksi and his company executives and who facilitated the scam as part of a criminal conspiracy. The PNB officials at the bank's Brady House branch in Mumbai issued 165 letters of undertaking (LoUs) and 58 foreign letters of credit (FLCs) during March-April 2017, against which 311 bills were discounted.
Prohibitory orders were imposed in parts of Ranchi city after some policemen, including an Indian Police Service officer, and others were injured in Ranchi on Friday while trying to control a mob near a temple, an official said.
The 39-year-old was arrested by the Enforcement Directorate from Ranchi after the agency conducted multi-city raids against him, Singhal, her businessman husband Abhishek Jha and others, on May 6.
Anirudha Kalkote, 24, was produced before a US magistrate in Houston on Friday to face the charges.
Panjwar, 63 was involved in drug and weapons smuggling and was designated as a terrorist under the Unlawful Activities (Prevention) Act in July 2020.
The Supreme Court on Tuesday refused to interfere with the Bombay high court order granting bail to former Maharashtra home minister Anil Deshmukh in a money laundering case.
Three weeks after the brutal attack on a woman bank official at an unguarded ATM kiosk in Bangalore, the assailant was still on the run even as police said they were making "all efforts" to nab him.
The rupee had lost more than 8 per cent since the first week of May, after the US Fed indicated it may start scaling back its monetary stimulus programme later this year.
The court has ordered to return her laptop, mobile phone and other gadgets seized during the investigation into late actor Sushant Singh Rajput death case.
The Uttar Pradesh police on Thursday arrested five people, including a man who they claimed to be the personal secretary of former minister Swami Prasad Maurya, for allegedly duping unemployed youth on the pretext of giving them government jobs.
The Enforcement Directorate (ED) has issued fresh summons to Shiv Sena MP Sanjay Raut asking him to appear on July 1 for questioning in a money laundering case linked to the re-development of a Mumbai 'chawl' and other related financial transactions involving his wife and friends, officials said.
An uneasy calm prevailed on Sunday in violence-hit Saharanpur where 38 people were arrested as a political blame game erupted with BJP accusing Samajwadi Party of indulging in "vote-bank politics" and Congress blasting the UP government for "lapses".
The demand for minerals, boulders and sand is so great that it has fueled a black market and the goons who control this trade do not hesitate to kill law enforcement officers and reporters who have tried to expose them.
The suspect, identified as Junaid, a resident of Pune, was connected to the LeT's terror network through social media, the official said.
Vijay Mallya on Wednesday gave a proposal to the Supreme Court to repay around Rs 4,000 crore (Rs 40 billion) loan to banks by September this year.
Lone was released days ahead of the first anniversary of the Centre's move to revoke Article 370 of the Constitution in August last year, the officials said. The JKPC chairman was moved to his residence in Srinagar in February this year and placed under house arrest, the officials said.
Learning perhaps from the Kargil debacle, Musharraf tried hard to evolve as a statesman in his dealings with India, recalls Rana Banerji, who headed the Pakistan desk at RA&W.
2013 foreign currency non-resident deposits to mature in Sep-Nov
The Centre has imposed a ban on the Popular Front of India (PFI) and several of its associates for their alleged terror activities.
The Delhi high court on Thursday sought the Enforcement Directorate's response on the bail plea by Delhi-based freelance journalist Rajeev Sharma, who was arrested in connection with a money-laundering probe linked to alleged leakage and supply of sensitive information to Chinese intelligence officers.
Analysts say that PMC Bank case is only going to make matters worse for HDIL and the Wadhawans.
Prime Minister Narendra Modi on Tuesday linked opposition parties coming together against the Bharatiya Janata Party to his government's campaign against corruption, and asserted that the clampdown on graft will continue without being hindered by "false allegations".
Dominica high court on Thursday adjourned the hearing on a habeas corpus petition filed on behalf of diamond trader Mehul Choksi, local media reported. Judge Bernie Stephenson will decide the next date of hearing after meeting both sides, Antigua News Room said. The adjournment is to allow lawyers for Choksi and the Dominica government "to agree on the language to be used with respect to the injunction filed to prevent his removal from Dominica", the media outlet reported.
