The Supreme Court on Monday agreed to list a plea seeking review of its order upholding the Enforcement Directorate's powers related to arrest, attachment of property involved in money laundering, search and seizure under the Prevention of Money Laundering Act.
In what is being described as the 'biggest ever seizure of cash' by an enforcement agency, unaccounted cash -- one report said more than Rs 177 crore (Rs 1.77 billion), another said Rs 257 crores (Rs 2.57 billion), a third said Rs 194.45 crores (Rs 1.94 billion) -- was unearthed from perfume trader Piyush Jain's home in Kanpur.
The Central Bureau of Investigation has arrested an Reserve Bank of India official and a JDS leader K C Veerendra, who is also a casino owner, in connection with separate cases relating to alleged illegal conversion of currency post-demonetisation.
The searches since December 22, which resulted in Jain's arrest, also included searches at the trader's residential/factory premises in Kannauj, wherein about Rs 17 crore in cash, 23 kg of gold and 600 kg sandalwood oil having a market value of about Rs 6 crore have been recovered, the ministry said in a release.
Police seized 100 fake notes of old Rs 500 denomination from Burhanuddin, who first claimed to be a Mumbai resident.
More than Rs 8 crore unaccounted cash has been seized in subsequent raids at various locations by Lokayukta. The arrested officer's father is Madal Virupakshappa, the MLA representing Channagiri constituency in Davangere district of the state.
The entire operation was meant to have a chilling effect on independent journalists, those not completely subservient to the regime, the small section still doing what the Fourth Estate should do -- raising questions to those in power.
Both Singh and her husband are accused of consuming ganja
The Directorate of Revenue Intelligence has seized 205.6 kg heroin worth Rs 1,439 crore from a container near Kandla port in Gujarat and arrested an importer from Punjab in this connection following an extensive search operation, the DRI said on Monday.
He referred to the top court's 2022 judgement in the Vijay Madanlal Choudhary case and said it had held that ED officers are not "police officers".
The apex court issued notice to the Centre on the plea seeking re-examination of its verdict which upheld the ED's powers relating to arrest, attachment of property involved in money laundering, search, and seizure under the PMLA.
The Central Bureau of Investigation has taken over the investigation of four distinct cases from the Assam police, all connected with the death of the state police sub-inspector Junmoni Rabha last month in a suspected road accident, according to officials.
The Serious Fraud Investigation Office (SFIO) has arrested a person who the Ministry of Corporate Affairs (MCA) said has emerged as the mastermind of the racket of incorporating a large number of shell companies with Chinese links in India.
The Enforcement Directorate on Thursday carried out raids at the office of Young Indian and questioned Congress leader Mallikarjun Kharge for more than seven hours as part of an ongoing money laundering probe linked to the National Herald case, officials said.
The Supreme Court on Monday dismissed pleas of Tamil Nadu minister V Senthil Balaji and his wife Megala challenging the Madras high court order upholding his arrest in a money laundering case.
The new powers are aimed at making Sebi more effective in protecting investor interest and helping it to better regulate the market.
'India's edtech and start-up story will be in danger.'
With this amount, the total seizure in the case has now gone upto Rs 166 crore in a single case.
The Narcotics Control Bureau has seized about 50 kg of 'high-quality' heroin and arrested a man after it conducted raids in the Shaheen Bagh area of Delhi's Jamia Nagar, the federal anti-narcotics agency said on Thursday, claiming to have busted an Indo-Afghan drug-smuggling racket.
Special Judge M K Nagpal, who deferred the hearing on Sisodia's bail plea till March 24 for clarification and submissions, meanwhile issued a notice to the Enforcement Directorate and sought its response by March 25.
A bench of Justices Surya Kant and JK Maheshwari set aside the pre-arrest bail granted to Indian Revenue Service officer Santosh Karnani on an appeal by the Central Bureau of Investigation.
The DGP said after concealing the contraband, the accused persons had meticulously welded the door border and repainted it.
The Samajwadi Party (SP) said through a post on its official Twitter handle that the premises of its MLC Pushpraj alias Pampi Jain in Kannauj, Uttar Pradesh, have been raided.
The incident occurred ahead of the annual pilgrimage to the Amarnath cave shrine in south Kashmir Himalayas for which security has been tightened.
Industry players credit Sebi's first woman chairperson with putting special emphasis on cyber security, use of tech and data, areas where Sebi is trying to 'stay ahead of the curve'.
The NCB searched Singh's house and office in the morning as part of its probe into alleged drug use in the Hindi film industry.
The Securities and Exchange Board of India (Sebi) could soon issue interim orders imposing a market ban on the two former fund managers of Axis Mutual Fund (MF) for suspected front-running of trades, said people with knowledge of the development. "The market regulator has gathered prima facie evidence that demonstrates that the duo has violated the integrity of the market. "While a detailed investigation is still pending in the matter, Sebi could take action under Section 11 (4) to prevent further harm to the investors and the securities market," said a source.
The Central Board of Direct Taxes has said the government has not introduced any new provision regarding the chargeability of tax on jewellery.
On October 18, the tax department had said searches had led to detection of undisclosed income of more than Rs 500 crore in addition to Rs 93 crore worth seizures, including gold jewellery and diamonds. A revised appraisal of such seizures now pegs its value at Rs 106 crore which includes cash (Rs 45 crore), gold jewellery and diamonds (Rs 41 crore) and foreign currency Rs 20 crore.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
Includes those dealing in high-value property and petrol pump owners
The seizure occurred during raids at eight premises of a group engaged in sand mining in Tamil Nadu.
The consignment was imported by a trading company registered in Vijaywada in Andhra Pradesh.
Prime Minister Narendra Modi held a review meeting with Union Home Minister Amit Shah, National Security Advisor (NSA) Ajit Doval, Foreign Secretary Harsh Vardhan Shringla and top intelligence establishment over the Nagrota encounter in which four terrorists were neutralised, government sources said.
Sleuths of the Narcotics Control Bureau visited the residence of Bollywood superstar Shah Rukh Khan on Thursday for seeking certain material related to their investigation into a cruise drugs party case in which the actor's son is an accused, a senior NCB official said.
The raids that were launched at 22 premises of the group and the brokers on September 28 are underway, the statement by the Central Board of Direct Taxes said.
Analysis of statements of Arbaaz Merchant, a co-accused, showed that Merchant never claimed that the 6 gm charas recovered from his possession was meant for consumption by Aryan, the charge-sheet noted.
ICAI on Tuesday said it is setting up a fast-track cell to deal with cases against chartered accountants involved in incorporating shell companies in India with Chinese links and it would aim to dispose them of by the end of the year. Those found guilty can face a lifetime ban, among other actions. The apex bodies of chartered accountants and company secretaries, ICAI and ICSI, have together received around 400 complaints on the issue and necessary actions have been initiated.
The Supreme Court said on Wednesday that money laundering is a "heinous" crime which not only affects the social and economic fabric of a nation but also tends to promote other serious offences like terrorism and drug trafficking.
The searches follow a probe into circulation of unpublished price sensitive information about various listed companies, including some blue chips, through WhatsApp messages and social media chatrooms.
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