The court had, however, rejected ED's request for attachment of the liquor baron's overseas properties
If the fear of ED could drive the powerful people of today to be honest or at least be minimally corrupt, will it not be a great thing for our nation?, asks Sudhir Bisht.
Police have filed an extortion case against Mumbai Deputy Commissioner of Police Akbar Pathan and two other cops, one of them arrested for the killing of businessman Mansukh Hiran, on a complaint by a man who is an accused in a cheating case, an official said on Thursday.
Britain's Cairn Energy Plc has dropped lawsuits against the Indian government and its entities in the US and other places and is in the final stages of withdrawing cases in Paris and the Netherlands to get back about Rs 7,900 crore that were collected from it to enforce a retrospective tax demand. As part of the settlement reached with the government to the seven-year old dispute over levy of back taxes, the company - which is now known as Capricorn Energy PLC - has initiated proceedings to withdraw lawsuits it had filed in several jurisdictions to enforce an international arbitration award which had overturned levy of Rs 10,247 crore retrospective taxes and ordered India to refund the money already collected. Two sources with direct knowledge of the matter said Cairn on November 26 withdrew the lawsuit it had brought in Mauritius for recognition of the arbitration award and took similar measures in courts in Singapore, the UK and Canada.
After much pressure from Bihar Chief Minister Jitan Ram Manjhi, the police have arrested Neel Nidhi Singh, main accused of the gang-rape of 5 Mahadalit women, all rag-pickers, in a village in Bihar's Bhojpur district.
The court passed the order after taking cognisance of a charge sheet filed by the Enforcement Directorate (ED) under Prevention of Money Laundering Act (PMLA).
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.
Housing sales jumped over 4.5 times year-on-year in April-June across eight cities to 74,330 units on lower base effect, while demand was up 5 per cent from the previous quarter, according to PropTiger data. Housing sales stood at 15,968 units in the April-June period last year and 70,623 units in the January-March quarter of 2022. The price of residential properties rose 5-9 per cent annually, driven by rise in input costs, inflationary pressures and premium attached with ready-to-move-in inventory. Pune and Chennai saw maximum appreciation at 9 per cent each.
Businessman Vijay Mallya's property worth Rs 14 crore located in France has been seized under the anti-money laundering law, the Enforcement Directorate said on Friday. It said the action was undertaken by French authorities "on the request of the Enforcement Directorate" and the property bears the address: 32 Avenue FOCH in France.
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.
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.
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 recovery notice issued by the Directorate of Information and Publicity (DIP) also includes the interest on the amount and makes it mandatory for the ruling party in Delhi to pay the whole amount within 10 days, the sources said.
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 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.
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.
Earlier, SC had given two weeks to prove Chidambaram deliberately granted FIPB clearance in 2006
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.
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
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.
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.
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'.
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.
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 bench asked the group to submit within 15 days a valuation report of movable and immovable properties of its managing director and directors.
Occupants were served eviction orders in April this year
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 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.
He said 100 youths joined terrorism in J-K this year, which is also the lowest in many years.
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.
'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.'
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.
'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.'
Britain's Cairn Energy has secured a French court order to seize 20 Indian govt properties to recover arbitration award, it is learnt.
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.
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