The Enforcement Directorate on Thursday filed its first chargesheet in a Delhi court against businessman Gautam Khaitan and others, including two Italian nationals, in connection with its money laundering probe in the Rs 3,600 crore VVIP chopper deal.
The Election Commission has a fight on its hand as candidates use ingenious methods to smuggle in money to Voters.
His disqualification to participate in future elections may follow, notes Rana Banerji, who headed the Pakistan desk at RA&W, India's external intelligence agency.
The Delhi high court on Wednesday allowed Chinese smartphone maker Vivo to operate its various bank accounts frozen by the Enforcement Directorate in connection with a money-laundering probe subject to furnishing of a bank guarantee of Rs 950 crore within a week with the agency. Justice Yashwant Varma also directed the company to give details to ED about its remittances and issued notice to the investigating agency on Vivo's plea seeking quashing of the order freezing its various bank accounts. ED contended that presently the proceeds of crime have been quantified to Rs 1200 crore.
Dabba trades also allow investors to avoid SEBI registration requirements or the margin requirements set by exchanges.
Action against the foreign Tablighi Jamaat members was first taken after over 2,300 people, including 250 foreigners, belonging to the Islamic organisation were found to be living at its headquarters located at Delhi's Nizamuddin soon after the nation-wide lockdown was announced in March. Several of these members had tested positive for coronavirus.
A few days back, Finance Minister Nirmala Sitharaman urged the start-up community and public to deal in cryptocurrency with caution because everything that was floating around was not currency. In the first week of August, the country's top nine crypto exchange platforms were summoned by the Directorate of Enforcement (ED) in Hyderabad. The exchanges were questioned for money laundering, especially over a number of Indian non-banking financial companies and their fintech partners for predatory lending practices in violation of the Reserve Bank of India (RBI) guidelines and by using tele-callers who misuse personal data and use abusive language to extort high interest rates from the loan takers.
The I-T dept has issued 87 notices under section 24 of the said Act
The CBI on Sunday deferred the questioning of Deputy Chief Minister Manish Sisodia in connection with the Delhi Excise policy scam case after he sought time from the probe agency citing the city government's ongoing budget exercise.
The onus to explain that the gold jewellery was inherited or bought from known sources of income would be on the owner.
He said action was akin to holding highway builders responsible for lane violations
The CBI inquiry was recommended on Delhi Chief Secretary's report filed earlier this month, showing prima facie violations of GNCTD Act 1991, Transaction of Business Rules (ToBR)-1993, Delhi Excise Act-2009 and Delhi Excise Rules-2010, they said.
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.
Officials said multiple premises of Baig and his associates are being raided by the agency under the provisions of the Prevention of Money Laundering Act
The ED had launched raids on Friday at multiple locations linked to Prasad's family members including that of his son and Bihar Deputy Chief Minister Tejashwi Yadav in Delhi.
Sources claimed that Singhal was "evasive" in her replies and hence was arrested.
While extending the custody, the court noted that the ED has made 'remarkable progress' in the investigation.
A Delhi court Wednesday issued summons to former Union minister P Chidambaram and his son Karti in the INX Media money-laundering case on taking cognisance of the charge sheet filed by the Enforcement Directorate (ED) against them.
The Trinamool Congress MP, considered number 2 in the party, also advised Shah to teach nationalism to his son and make sure that the law and order situation improves in Delhi.
'...to come back to power because it was not doing well.'
The court remanded advocate Uke and his brother Pradeep Uke in the ED's custody till April 6.
Actor Jacqueline Fernandez appeared before the Enforcement Directorate on Wednesday for questioning in connection with an over Rs 200 crore money laundering case being probed against alleged conman Sukesh Chandrashekar, officials said.
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.
She is understood to have cited professional engagements as the reason for her absence. The probe agency may issue her a fresh date.
The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year.
After a dream debut seven years ago when he was sworn in as deputy chief minister after being elected MLA for the first time was followed by a slump in his political fortunes, Tejashwi Yadav has finally come back to center-stage as the kingmaker and deputy to Chief Minister Nitish Kumar.
Third parties can be used to launder the proceeds of fraud schemes by criminals who gain illegal access to deposit accounts by recruiting them as 'money mules'
The taxmen provisionally sent orders to attach their properties in Mumbai, New Delhi, Pune, Goa and also over two dozen land parcels across the state with a combined market value of around Rs 1,400 crore
India will need to travel back in time and seek inspiration from football greats Tulsidas Balaram and Chuni Goswami to deftly dribble around and sidestep the West-imposed price cap on exports of Russian seaborne crude oil. India depends on imported oil to meet 86 per cent of its needs, of which nearly a quarter now comes from Russia. The copious flows are roughly 10 per cent cheaper than competing suppliers helping India save billions of dollars in fuel costs.
A special PMLA court here on Wednesday granted bail to Yes Bank founder Rana Kapoor, businessman Gautam Thapar and seven others in a case pertaining to the sale of a property at a prime location in Delhi. Kapoor and Thapar, however, will not walk out of jail as they are in judicial custody in connection with some other cases. The present case pertains to allegations in the sale of a property situated on Amrita Shergill Marg in Delhi to a company owned by Rana Kapoor's wife, Bindu Kapoor, for which a separate FIR had been registered by the Central Bureau of Investigation (CBI) in Mumbai last year.
It said Naisar Kothari, a resident of Bhavnagar in Gujarat, was arrested under sections of the Prevention of Money Laundering Act (PMLA) and he has been sent to the ED custody till December 22 by a court.
The ED has attached seven sugar mills worth over Rs 1,097 crore in a money laundering case against former Uttar Pradesh BSP MLC Mohammed Iqbal and his family, officials said.
The special CBI court had in March discharged Dayanidhi Maran, his brother Kalanithi.
Violations of the act, made operational from November 1 last year, attract a heavy penalty and rigorous jail term up to seven years.
Tax sleuths have detected over Rs 52 crore of unexplained cash in jewellers' bank accounts
Investors, including large corporations, view them as a potential hedge against uncertainty, and mainstream investment banks too are jumping into the game.
In the year-long crackdown on tax evasion, the GST authorities have unearthed over Rs 35,000 crore of tax fraud committed by misuse of input tax credit provision under the Goods and Services Tax (GST) regime. During the 2020-21 financial year, the CGST zones and the Directorate General of GST Intelligence (DGGI) booked about 8,000 cases involving fake ITC of over Rs 35,000 crore, a statement from CBIC said. Under the GST regime, at the time of paying tax on output, entities can reduce the tax they have already paid on inputs.
I was offered Delhi CM's post or face jail term, Sisodia said.
The auditor of ABG Shipyard, which is being probed by the Central Bureau of Investigation (CBI) for the Rs 23,000-crore default to banks, had settled an investigation by the Securities and Exchange Board of India (Sebi) by paying a small settlement fee in 2019. The regulator had initiated an investigation into the fund diversion from ABG Shipyard and had asked the auditor to explain why it failed to detect fund diversion in time. In his settlement application, auditor MN Ahmed, partner of Nisar & Kumar, a chartered accountant firm, said he ceased to be an Indian citizen and has retired from the profession.
