The raids resulted in recovery of documents of some dummy firms linked to Mallya like Gold Reef Investments Ltd and McDowell Holdings Ltd.
It was perhaps over-enthusiasm that prompted the Indian investigative agencies to take a private jet to Dominica to bring back fugitive diamantaire Mehul Choksi. Predictably, the eight-member team had to return empty-handed after almost a week-long wait. The agencies were banking too much on the "state-less" status of Mr Choksi, as Antigua, which had given him citizenship in 2017, wasn't willing to take him back. Thus, the calculation was that Mr Choksi would be whisked away from the Dominican courtroom to the waiting plane. The reason for the optimism was also because Antigua is friendly territory for India.
Don't expect the synthetic stones to surpass natural ones anytime soon because the world's biggest miners of diamonds aren't looking to get into man-made diamonds.
Mallya said the allegations of money laundering and stealing money against him are 'completely false'.
Enforcement Directorate to approach court to attach industrialist's properties worth Rs 4,000 crore
In some countries opening and running a business is as easy as travelling from one city to another, while in some it means battling layers of bureaucracy.
PNB is fully committed to its clean banking policy. That is why we are the first one to detect and report this to the various law enforcement agencies," PNB's CMD Sunil Mehta said on Thursday.
The Delhi high court on Tuesday stayed the proceedings before the trial court in the CBI's INX Media corruption case involving Congress leader P Chidambaram and his son Karti.
Schemes among the six wound up by the fund house had given a loan of Rs 518 crore against non-convertible debentures to the firm in March 2019, according to ED's chargesheet.
Devyani Khobragade, the Indian diplomat who is at the centre of a diplomatic row with the United States, is one of the 25 allottees who have been found ineligible to own a flat in the controversial Adarsh Housing society by a judicial panel which probed the scam.
The proclamation was issued by a special anti-money laundering court on June 14 under Section 82 of the Criminal Procedure Code
A bench comprising Chief Justice S A Bobe and justices B R Gavai and Surya Kant took note of the submissions of solicitor general Tushar Mehta that the high court order, to the extent of allowing their release from prison, needed to be stayed.
The high court imposed various bail conditions on him, including that he shall not tamper with the evidence or influence witnesses, directly or indirectly.
The I-T department also attached 34 bank accounts and fixed deposits, valued at Rs 1.45 crore, of the Gitanjali group.
These facilities will accommodate 3,500 employees, who will be moved to the two company-owned campuses.
Among the assets in question include the Force India and Indian Empress super-yacht - which was fitted with an Elton John piano around 2015, a fleet of high-value cars and some artwork from Mallya's Ladywalk property in the English village of Tewin in Hertfordshire.
The Bill seeks to give Sebi sweeping powers like attachment of properties and launch of recovery proceedings.
The apex court's 2017 order had come on a plea by consortium of banks led by SBI, which had said that Mallya had allegedly transferred $40 million received from British firm Diageo, to his children in 'flagrant violation' of various judicial orders.
State Bank of India has appointed valuer to assess the value of assets of Mallya.
One indictment accuses Huawei of trying to steal trade secrets from T-Mobile, and of promising bonuses to employees who collected confidential information on competitors. A second indictment claims the company worked to skirt US sanctions on Iran.
SBI-led consortium expects to make over Rs 13,000 crore from sale of assets
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
'The fact remains that as of today, the justice that I deserve is far off, as it shall take time to prove my innocence, and the future seems uncertain presently,' Mehul Choksi tells his employees in a letter.
In the era of technology-driven crime, when stolen money and intellectual property can be digitally transmitted in seconds, corporates are often handicapped while investigating frauds that occur in other countries, says a survey.
'It could take at least a couple of years for his case to go through the entire run of the British judiciary.'
'No action will be taken against Ajit Pawar. I am sure.'
Penalties for undisclosed foreign income and assets extend up to 300%.
The agency on Friday also carried out searches on the premises of the Gitanjali Group at 20 places in Mumbai, Pune, Surat, Jaipur, Hyderabad and Coimbatore.
Accounting firm, Ernst and Young auditing the UN World Intellectual Property Organisation has cleared it of allegations of corruption.
The alleged chit fund scam in West Bengal involving the Saradha Group revolves around a total sum of Rs 2,460 crore with 80 per cent of the depositors' monies still remaining unpaid, a latest investigation report has revealed.
The case pertains to alleged financial irregularities in supply of high-altitude tents worth Rs 22 crore to intelligence agency Research and Analysis Wing during 2009-13.
Suspended BJP MP Kirti Azad targeted more politicians, including party MP and BCCI secretary Anurag Thakur, involved in cricket governance.
President Trump, a Republican, however, did not formally concede the election to Biden, saying he would 'continue to fight and will prevail'. He has launched a slew of lawsuits in key states, but has not provided any evidence to back his claims of electoral fraud. Many of the lawsuits have been dismissed by courts.
Under Section 83 of the CrPC, ED may seek attachment of more of his property.
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.
Do not click on any pop-ups, links in messages or notification balloons if you are off the corporate VPN, warns Niranjankumar Laxman Upadhye.
The prosecutor general's office said Benfica Vice President Fernando Tavares was also a suspect in the case, along with a high-ranking judge and nine other people, five of whom were detained in a police operation on Tuesday.
RTI activist Anil Galgali had asked SBI about the total amount of loans given to the beleaguered businessman.
Employers will now need to furnish detailed break-up of exemptions that an employee has claimed.
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