Ten years after Kingfisher Airlines was grounded, its former employees continue to wait for their dues. On Monday, the Supreme Court awarded a four-month sentence to the grounded airline's flamboyant owner Vijay Mallya in a contempt case. The apex court also ordered him to deposit $40 million plus interest in four weeks to avoid attachment of his properties.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
Prima facie, there was evidence to indicate that there was a 'conspiracy' between Hasina Parkar (Ibrahim's sister), Salim Patel (alleged associate of Ibrahim) and Malik to grab the land owned by Munira Plumber and her mother Mariyum Goawala, said R N Rokade, special judge for cases under the Prevention of Money Laundering Act (PMLA).
'All this while he has been maintaining that he is innocent and, if that is the case, why will he run away?'
About 40 per cent of the money lost by banks in the PNB scam and the fraud linked to fugitive businessman Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of shares seized under the Prevention of Money Laundering Act (PMLA), the Enforcement Directorate said on Wednesday.
Ukraine President Viktor Yanukovich's Mezhyhirya residence that had been closed off for nearly a decade was thronged by Ukrainians to see what Yanukovych was hiding.
Alishah laid down the family tree of Dawood Ibrahim and said that the gangster's first wife gets in touch with people through WhatsApp calls.
Maharashtra minister Nawab Malik, arrested by the Enforcement Directorate in a money laundering case, was admitted to hospital on Monday after he complained of fever and diarrhoea, his lawyer told a special court in Mumbai and claimed that Malik's health had deteriorated and he was in a "serious" condition.
Prompt measures and legal actions taken by the Indian government and PNB helped in securing the extradition of diamantaire Nirav Modi by the UK on Friday, a senior official said. UK Home Secretary Priti Patel on Friday signed off on the order to extradite Nirav Modi, wanted in India on fraud and money laundering charges related to the estimated USD 2-billion Punjab National Bank (PNB) scam case. According to the government official, a scam of this magnitude had potential to create instability in the financial sector but the deft handling saved the entire public sector banking space from the crisis and litigation.
With a UK court ruling in favour of the extradition of fugitive diamond merchant Nirav Modi, wanted in India on charges of fraud and money laundering in Punjab National Bank (PNB) scam case, Mumbai's Arthur Road jail has kept a special cell ready to lodge him, an official said on Friday.
The action came after investigations carried out by an inter-ministerial committee formed by the home ministry in 2020.
Police chase a new breed of criminal--smart, rich and globally savvy.
Chavan submitted to the police some video clips in which the Rane brothers, sons of Union minister Narayan Rane, were purportedly seen making the remarks.
The next hearing on ED's application before the special court, seeking permission to start confiscation proceedings, is scheduled for April 8.
Raut claimed Navneet Rana received a loan of Rs 80 lakh from Yusuf Lakdawala, who was arrested in a money laundering case.
Three suspected shooters were nabbed in Punjab's Patiala district early on Friday in connection with the killing of a Dera Sacha Sauda follower a day ago, the police said.
Abu Bakar, Saiyad Qureshi, Mohammad Shoeb Qureshi alias Shoeb Bawa and Mohammad Yusuf Ismail alias Yusuf Bhatka, all residents of Mumbai, were on the run for 29 years.
The valuables include polished diamonds, pearls and silver jewellery and are worth Rs 1,350 crore.
The Indian authorities have to reconfirm that Prabhakaran is dead. It may require seeking assistance from Interpol and also involve the re-opening of the Rajiv Gandhi assassination case, and more so, the investigations, formally or otherwise, asserts N Sathiya Moorthy.
The Supreme Court (SC) on Monday slapped a fine of Rs 2000 ($25) and a four-month jail sentence on fugitive businessman Vijay Mallya. In addition, the former liquor baron has been asked to deposit $40 million with 8 per cent interest within a month, failing which his properties would be attached to recover the amount. The court held Mallya guilty of contempt after it was brought to its notice that he had transferred $40 million to his children in the US.
The Gone Game Season 2 is a lesson in how not to mess up the memory of a good show with pointless extensions, asserts Deepa Gahlot.
Fugitive diamantaire Mehul Choksi, wanted in a Rs 13,5000-crore loan fraud in Punjab National Bank, has gone missing in Antigua and Barbuda where he had been staying since January 2018, the Royal Police Force of the Caribbean island nation said in a statement.
The Supreme Court is likely to pronounce on Monday the quantum of sentence against fugitive businessman Vijay Mallya, an accused in the bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, in a contempt case where he has been found guilty. A bench comprising Chief Justice Uday Umesh Lalit and Justice S Ravindra Bhat on March 10 had reserved its order on the punishment in the contempt case against Mallya, saying the proceedings against him have hit a "dead wall". The top court had heard senior advocate and amicus curiae Jaideep Gupta on various aspects related to the contempt law and the punishment, and had granted one last opportunity to lawyer Ankur Saigal, counsel for Mallya, to file his written submissions on the sentencing aspect.
The Enforcement Directorate on Thursday submitted a charge sheet against Maharashtra Minority Development Minister Nawab Malik in an alleged money laundering case linked to fugitive gangster Dawood Ibrahim.
The National Investigation Agency has arrested two close aides of gangster Chhota Shakeel for allegedly handling the illegal activities and financial transactions of the crime syndicate controlled by fugitive underworld don Dawood Ibrahim, and for indulging in terror financing in the western suburbs of Mumbai, an official said on Friday.
Opposition leaders urged Modi to use the opportunity for the country's benefit.
Talking to reporters in Kolhapur, Raut said Malik is paying the price for exposing the farce behind the case and the real face of the BJP.
The Supreme Court Tuesday said the contempt matter involving fugitive businessman Vijay Mallya, accused in bank loan default case of over Rs 9,000 crore involving his defunct Kingfisher Airlines, will be dealt with finally on January 18 next year. Observing that the apex court has waited "sufficiently long", a bench headed by Justice U U Lalit said, "We can't be waiting any longer now." The bench noted that Mallya was held guilty of contempt in 2017.
The Bombay high court will pronounce on Friday its order on two petitions filed by Maharashtra minister Nawab Malik and former state home minister Anil Deshmukh, both jailed Nationalist Congress Party legislators, seeking permission to cast their votes in the MLC elections scheduled on June 20.
'It seems PM Modi is running a bank fraudsters settlement company for the likes of Nirav Modi'
The Punjab police had sought the red corner notice against Brar on May 30 in connection with two old cases, officials said.
The properties include Goawala compound and a commercial unit in Mumbai's suburban Kurla (West) 147.79-acre agricultural land located in Osmanabad district of Maharashtra and three flats in Kurla (West).
The Centre had on October 5 told the apex court that Mallya cannot be extradited to India until a separate "secret" legal process in the United Kingdom, which is "judicial and confidential in nature is resolved".
Modi also reiterated that he cannot return to India due to safety concerns and also because his case has been politicised.
The ED has claimed that Nirav Modi had refused to join the probe despite acknowledging mails and summons issued to him and that he doesn't want to return to India.
India's most wanted man Dawood Ibrahim has figured in the Forbes' first-ever list of the world's ten most wanted fugitives, which is topped by terror mastermind Al Qaeda chief Osama bin Laden. The son of a policeman, Dawood reportedly oversees a criminal empire involved in all sorts of international activities, including drug trafficking, counterfeiting, weapons smuggling and murder, the magazine says. Dawood is also suspected to be behind the 1993 Mumbai blasts.
The issue of extradition of Vijay Mallya and Nirav Modi figured in a virtual summit between India and the UK on Tuesday, with Prime Minister Narendra Modi asserting that economic offenders should be sent back to the country at the earliest for trial. India has been pressing the United Kingdom to extradite Mallya and Modi to face trial in India for their alleged involvement in cases relating to financial fraud. At a media briefing, joint secretary in the Europe West division in the ministry of external affairs (MEA) Sandeep Chakravorty said British Prime Minister Boris Johnson has mentioned that the authorities in the UK will do whatever possible to make sure that the economic offenders are extradited.
The issue of extradition of Vijay Mallya and Nirav Modi figured in a virtual summit between India and the United Kingdom on Tuesday, with Prime Minister Narendra Modi asserting that economic offenders should be sent back to the country at the earliest for trial.
The ED made this claim while seeking the 62-year-old Nationalist Congres Party leader's custody for interrogation in the money laundering probe linked to the activities of Ibrahim and his aides.
The Enforcement Directorate has alleged that this is a bigger bank scam in volume than that of the Punjab National Bank fraud by fugitive diamantaires Nirav Modi and Mehul Choksi, as it involves fraud to the tune of about Rs 16,000 crore.
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