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
Currently, the enforcement officers are making seizures of assets directly and indirectly connected to offenders, including jewelers Nirav Modi and Mehul Choksi in the Punjab National Bank fraud and Vijay Mallya in the Rs 9,000-crore IDBI loan case.
The law also provides for putting travel ban on such individuals once they are declared as terrorists.
The ED has now seized the property, agency sources said.
There were Vedic mantras engraved along with prayer songs for Lord Shiva, Lord Rama and Lord Krishna. Neither the government nor the people of Faisalabad demanded that the carvings be removed. I felt very happy to see Sanskrit shloka
ED officials said the nine premises covered under the action included properties and offices belonging to Bhujbal, son Pankaj, nephew and former member of Parliament Samir and a few others.
Cairn Energy has threatened the Indian government that it is looking at executing the favourable $1.2 billion international tribunal award in the retrospective taxation case by seizing India's overseas assets.
A huge cache of arms, a rivate swimming pool, state-of-the-art elevators and 24 AC rooms with one having a massage bed were found inside the highly-fortified Satlok Ashram from where 'godman' Rampal was 'smoked out'.
The top court said that the proceedings initiated in December 2019 were contrary to the law laid down by the Supreme Court and cannot be sustained.
The agency has registered a case against Roy, his wife Radhika and RRPR Holdings for allegedly causing losses of Rs 48 crore to ICICI Bank, CBI sources said.
Fadnavis said, "Nawab Malik and his family members were part of a company which purchased land in Kurla (area of Mumbai) at a very low rate by making some fictitious documents. There are four such land purchase deals where I can firmly say that Malik has entered into land deals with the underworld."
Justice A M Khanwilkar, the second senior-most judge of the Supreme Court, retired on Friday and thanked bar association leaders for their 'love and affection'.
President Ram Nath Kovind had given assent to the legislation on August 8 after the Lok Sabha passed it on July 24 and the Rajya Sabha on August 2.
Earlier, SC had given two weeks to prove Chidambaram deliberately granted FIPB clearance in 2006
The raids are underway at three locations, including her residence in Sainik Farm. Misa Bharti and her husband Shailash Kumar are involved in an alleged benami land deals case and were called for questioning by tax officials in June.
Fortune favours the brave, and the loyal. And Vinubhai Kanjibhai Jaipal, who served Gajrajsinh Jadeja unflinchingly through thick and thin, will attest to it, having inherited Rs 600 crore from his late employer, says Haresh Pandya.
A special court in Mumbai on Friday declared three family members of late gangster Iqbal Mirchi as 'fugitive economic offenders' under the provisions of a criminal law by the same name, official sources said.
The ED had conducted searches on at least nine premises, including properties and offices, belonging to the senior Bhujbal, Pankaj, nephew Samir and few others.
He said 100 youths joined terrorism in J-K this year, which is also the lowest in many years.
'With each ED, CBI raid on us the BJP thinks we will soften down.' 'But every such raid has strengthened the resolve of Shiv Sena leaders.'
The bench asked the group to submit within 15 days a valuation report of movable and immovable properties of its managing director and directors.
Other than Kapoor, the complaint, running into more than 10,000 pages, named his wife, Bindu; three daughters Rakhee, Roshini, and Radha; and three firms, Morgan Credits, RAB Enterprises, and Doit Urban Ventures, allegedly controlled by them.
'The BJP's real pain lies in the fact that all their skullduggery and chicanery has failed to cow down the Shiv Sena. They just cannot digest this fact.'
Occupants were served eviction orders in April this year
The Law of Limitation provides for mandatory filing of a lawsuit within a fixed statutory time period after the cause of action arises in favour of an aggrieved person.
Capital gains exemption benefits are available under Section 54 and 54F of the Income Tax Act. Individuals, however, need to be aware of the conditions attached to these provisions, suggests Archit Gupta, founder and CEO, ClearTax.
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
Facing orders for freezing of bank accounts and attachment of properties, Sahara group Thursday night claimed the actions taken by Sebi are based on "old facts" and the orders for attaching assets of individuals is incorrect on part of the market regulator.
Sharing the list of objections, an official who did not wish to be quoted, said the bill was returned on Wednesday highlighting the mismatch between the Hindi and English versions of the Bill and the need to reconsider the definition of 'mob.'
Jailed gangster and former member of Parliament Atiq Ahmad and his wife on Tuesday joined the All India Majlis e Ittehadul Muslimeen in the presence of its chief Asaduddin Owaisi, drawing a sharp reaction from the Bharatiya Janata Party which said Chief Minister Yogi Adityanath will not allow "Jinnah's jihadi mentality" to flourish in Uttar Pradesh.
With the disruption caused by the second wave of Covid-19 pandemic, the 'fear of unknown' is looming over the government's privatisation drive. Although there is a lot of uncertainty and unpredictability on how things will unfold, the government is hopeful of completing the transactions listed in the Budget with a delay of one to two months, said a top government official. However, "there are many unknown factors now, and we do not know whether there could be a third wave. But we are trying to carry on with our work", the official said." Since there is a lot of uncertainty, the estimates will have to be revised as rating agencies are revising their outlook for growth.
Choksi said that the ED has attached his properties illegally.
ndependent of the political fallout, which Stalin has sought to arrest through the withdrawal of the measures as fast as they were introduced, there are concerns about the way those decisions came to be taken, without adequate application of mind, not in official terms but in political and electoral contexts, points out N Sathiya Moorthy.
The I-T Department has served notices of attachment of assets to Lalu's daughter Misa Bharti and her husband Shailesh Kumar, his wife and former Bihar Chief Minister Rabri Devi, son and Bihar Deputy Chief Minister Tejashwi Yadav and daughters Chanda and Ragini Yadav.
Away from the distraction of its new high-profile politics, Wayanad's worries seemed very down to earth, discovers Shyam G Menon.
The iconic Taj Mahal Palace and Tower hotel of the company in south Mumbai does not have any guests at present and only minimal staff are present to ensure upkeep of the property.
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The Indian government has paid Cairn Energy Plc Rs 7,900 crore to refund taxes it had collected to enforce a retrospective tax demand, ending a seven-year-old dispute that had tarred the country's image as an investment destination. The company, which is now known as Capricorn Energy PLC, in a statement said it has received "net proceeds of $1.06 billion", of which nearly 70 per cent will be returned to the shareholders. The tax department had used a 2012 legislation, which gave it powers to go back 50 years and slap capital gains levies wherever ownership had changed hands overseas but business assets were in India, to seek Rs 10,247 crore in taxes from Cairn.
Taking stern action against Sahara Group in the high-profile investor refund case involving over Rs 24,000 crore, market regulator Securities and Exchange Board of India on Wednesday ordered the freezing of bank accounts and attachment of all properties of two group firms and top executives, including Subrata Roy.
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.
Following the money and freezing anything unaccounted is the only way to set an example for others, suggests Debashis Basu.
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