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.
Indian Oil Corp (IOC) is deploying drones to monitor its vast network of pipelines across the country as it doubles down on the use of technology to thwart attempts to steal fuel, helping not just save the commodity but also avoid accidents. The country's top oil company already uses a combination of sophisticated technology and patrolling to detect any leakage from the pipeline network spanning over 15,000-kilometers. And now, it is adding drones to monitor the vast network, officials said. Use of technology helped throttle 34 attempts to pilfer fuel and arrest 53 persons in the 2020-21 fiscal year, they said adding the latest incident was in Sonipat, Haryana on August 17.
The agency's poor track record in convictions is the only light at the end of a rather long tunnel for the couple, observes Shyamal Majumdar.
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.
Vadra was dropped by his wife and Congress leader Priyanka Gandhi outside the agency's office
Aazad may visit Delhi for medical reasons and election purposes. The court had earlier restrained him from visiting Delhi for four weeks and directed him to not hold any 'dharna' till the elections in the national capital.
The modern world will not accommodate bigotry of the sort India is showing the world today, argues Aakar Patel.
Officials say that such a list, to be updated on a real-time basis, will serve as a ready reckoner in identifying those committing multiple economic offences
Saeed, has been moved to an unknown location.
A day after the Supreme Court ruled that it was up to the prime minister to not induct those with criminal record into his Cabinet, Rediff.com examines how serious are the charges against some of Narendra Modi's ministers.
Two days after Mumbai Police attached his properties, Jignesh Shah, director of the beleaguered National Spot Exchange Ltd, on Thursday told investigators that he was making "relentless" efforts to recover money from defaulters.
While Panama and Paradise Papers had majorly focused on foreign entities created by entities, corporates or individuals overseas, Pandora is about the new method adopted by wealthy elites by setting up multiple layered complex trust structures.
A source in the Imran Khan government told PTI that the Punjab police are waiting a go-ahead from the "top" to lay hand on Saeed.
'People, whose sensitive information has been leaked by State agencies or companies having license from UIDAI to access the Aadhaar database, can file suits, collectively or individually.'
Special Judge Arvind Kumar also directed him not to tamper with the evidence or influence witnesses and join the investigation as and when called by the investigating officer.
Police sought extension of his custodial interrogation, saying it was required for further investigation and to identify other accused persons in the case.
The Uttar Pradesh Police had said on Saturday that it would invoke the stringent National Security Act and Gangster Act against those accused in the killing of the 46-year-old man.
The Supreme Court on Friday refused to entertain the appeal of Sushant Singh Rajput's sister challenging the Bombay high court order which refused to quash a first information report lodged against her on the complaint of actress Rhea Chakraborty, the late actor's girlfriend.
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.
CBI has registered a case against general secretary of Mumbai BJP Mohit Kamboj, his jewellery manufacturing firm Avyaan Overseas, its directors, few mid-level bankers and others for alleged diversion of funds by availing fraudulent foreign bills negotiation limit and export packaging credit limit, issued by lender Bank of India between 2013 and 2018.
First time violators will face a jail term of up to one year and a fine of Rs 1 lakh. For subsequent offences, a jail term of up to three years or a fine of Rs 5 lakh, or both according to the ordinance.
In his statement to the Enforcement Directorate, Dhoot conceded that Rs 64 crore had been transferred to Deepak Kochhar's NuPower Renewables through a web of entities to allegedly acquire wind farm properties.
The Enforcement Directorate has attached assets worth over Rs 14 crore belonging to the Gitanjali Group and its promoter and jeweller Mehul Choksi, one of the prime accused in the alleged over Rs 13,000 crore PNB loan fraud case. The properties attached, under the anti-money laundering law, include a flat measuring 1,460 sq feet located at O2 Tower in Goregaon area of Mumbai, gold and platinum jewellery, diamond stones, necklaces made of silver and pearls, watches and a Mercedes Benz car, the ED said in a statement. A provisional order for attachment has been issued under the Prevention of Money Laundering Act (PMLA) for the assets worth a total Rs 14.45 crore that are in the name of Gitanjali Group of companies and its director Mehul Choksi, it said.
The team probing the incident examined 808 suspects and 118 witnesses to collect strong evidence against the accused, the CID said in a release.
The cases have been registered in Lahore, Gujranwala and Multan for collection of funds for terror financing through assets/properties made and held in the names of Trusts/ Non Profit Organisations including Al-Anfaal Trust, Dawatul Irshad Trust and Muaz Bin Jabal Trust.
Right to protest and express dissent occupies a fundamental stature in a democratic polity and therefore the sole act of protesting should not be employed as a weapon to justify the incarceration of those exercising it, said the Delhi high court on Friday while granting bail to five accused including a woman in a north-east Delhi riots case.
In continuing crackdown on illegal granite quarrying, cases have been registered against ten persons, including Union Minister M K Alagiri's son Durai Dayanidhi, charging the companies owned by them with mining sand and granite without permission.
Following is the course of events in the disproportionate assets case against Jayalalithaa, Sasikala and 2 others.
The ED slapped criminal charges of money laundering on the basis of the Mumbai Police FIR that was filed in August this year, which itself was filed on the basis of a similar complaint by the state economic offences wing.
Delhi police has filed three separate chargesheets relating to the brazen attacks on scribes and others at the Patiala House courts premises in New Delhi
During enquiry, it was found that a quarrel had taken place allegedly between Sushil Kumar, Ajay, Prince Dalal, Sonu, Sagar, Amit Kumar, and others in the parking area of the Chhatrasal Stadium in North Delhi.
The latest attachment order was issued by the central probe agency against Ms PD Agroprocessors Pvt Ltd, one the defaulters at the bourse.
Property of Rs 3,500 crore belonging to the company was seized by the EOW, a police official said.
It has registered 2,000-plus money laundering cases and about 12,000 forex violation ones in the 14 years since it was established. Yet, its probes have resulted in no more than 13 convictions from nine cases of money laundering since 2005.
The court ruled that chances of the legislator fleeing from justice was remote and he deserved the relief.
A Mumbai court on Thursday pardoned Pakistani-American Lashkar-e-Tayiba operative David Headley, who had surveyed targets for the 26/11 attacks, and made him an approver in the case, a move that may unravel the conspiracy behind the brazen terror assault.
"What is the sanctity of marriage?"
Chidamabaram's counsel told the top court that he is sought by ED to be "vicariously involved" in the INX Media money laundering case as he is the father of Karti Chidambaram, who according to the probe agencies tried to influence the Foreign Investment Promotion Board members.
Confiscation of the tycoon's properties will start from February 5.
The move follows poor results in detecting undisclosed foreign assets and delay in concluding pending matters under the Black Money Act, which came into effect in 2015. According to the official data, only 52 cases have been identified so far. Of these, nine are from Mumbai alone.
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