Consider JP Morgan objections: SC to ED
A bench led by Justice Arun Mishra took note of JP Morgan India’s submissions that it did not have a penny’s worth of investment in Amrapali and that it was JP Morgan Singapore and Mauritius which had invested funds in the real estate company.
ED charge-sheets absconding arms dealer Sanjay Bhandari
Bhandari, along with unknown officials of the Indian Air Force and others, was booked by the Central Bureau of Investigation last June on charges of corruption in a Rs 2,985-crore deal in 2009 to procure 75 PC-7 trainer aircraft from Swiss plane maker Pilatus Aircraft.
ED probe shows Yes Bank loan to DHFL diverted
The company loan account linked to Dewan Housing was last year flagged for potential default, it said. Citing statements of Yes Bank employees, the agency claimed Kapoor overlooked the bank risk team’s recommendations and allowed many waivers while sanctioning this loan.
Rana Kapoor used three family-owned companies to divert funds: ED
The allegedly diverted sum of Rs 5,050 crore is “proceeds of crime,” according to ED, which is probing money-laundering charges against Kapoor and his family members.
ED arrests DHFL promoters Kapil, Dheeraj Wadhawan
While the central agency in the past had summoned the chiefs of many corporates who borrowed from YBL when its now arrested cofounder Rana Kapoor was at the helm, this is the first instance of a borrower being arrested in the case.
ED gets SC nod to attach JP Morgan India properties
The Supreme Court on Friday permitted the Enforcement Directorate to attach Rs 187-crore JP Morgan India’s properties in a case related to alleged transactions with developer Amrapali Group.
DHFL's Wadhawans' ED custody extended till May 27
The duo, arrested earlier this month under provisions of the Prevention of Money Laundering Act (PMLA), was produced in court on Friday at the end of their previous remand. The ED sought further custody of the Wadhawans, stating the two were not cooperating with the probe, and that there were voluminous documents with which it wanted to confront them.
PMLA case: ED files chargesheet against absconding arms dealer Sanjay Bhandari
The Enforcement Directorate (ED) has filed a chargesheet against absconding arms dealer Sanjay Bhandari in connection with a money-launderin...
INX media case: ED files charge sheet against former Finance Minister P Chidambaram and son Karti Chidambaram
The duo stand booked by both Central Bureau of Investigation (CBI) and ED in the case. The CBI had registered a first information report (FIR) in May 2017 alleging irregularities in the FIPB clearance and the ED lodged a money laundering case in this regard the next year.
ED attaches assets of accused-turned-approver Rajiv Saxena in VVIP chopper scandal
The ED on Friday said that assets belonging to Saxena have been attached under Prevention of Money Laundering Act, 2002 (PMLA) in Agusta Westland Chopper scandal and Moser Baer Bank Fraud case allegedly involving Ratul Puri, nephew of former Madhya Pradesh Chief Minister Kamal Nath.
Yes Bank case of ED: HC refuses pre-arrest bail to Wadhawans
The Wadhawans, who are presently in jail after being arrested by the CBI in the Yes Bank case, moved the high court last week seeking anticipatory bail in the money laundering case, and another case pertaining to alleged irregularities in the investment of employees' provident fund of the Uttar Pradesh Power Corporation Ltd (UPPCL).
ED quizzes close aides of Tablighi Jamaat chief
The agency, sources said, recorded statements of few associates of Saad on Tuesday and summoned three more close aides on Wednesday. The agency will shortly summon Saad after the statements of his associates are recorded.
Supreme Court allows ED to attach assets of JP Morgan after it identifies Rs 187 crore as proceeds of crime
A bench of Justices Arun Mishra and U U Lalit, which took up the matter through video conferencing, granted the permission to the ED to attach the properties of the multi-national firm, a senior lawyer associated with the case said.
Vijay Mallya is not being extradited any time soon
Fugitive businessman Vijay Mallya is unlikely to be extradited anytime soon with the UK government on Thursday saying that there is a legal issue that needs to be resolved before his extradition can be arranged. Last month, Mallya lost his appeals in the UK Supreme Court against his extradition to India to face money laundering and fraud charges.
Chopper scam: HC seeks Saxena's reply on ED plea to cancel bail, revoke approver status
Justice C Hari Shankar, who conducted the hearing through video conferencing, issued notice to Saxena on ED's plea which also sought revocation of his approver status on the ground that he had undertaken to disclose all the facts related to the offence but he was not doing so.
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