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Enforcement Directorate

Feb 27, 2020, 01.13 AM IST

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ENFORCEMENT DIRECTORATE

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  • The federal probe agency issued a statement after media reports surfaced that its sleuths visited the society on Thursday for some measurements and related activities. "This is to clarify that no fresh investigation has been taken up by the Enforcement Directorate in the Adarsh Society scam.

    After D K Shivakumar, K J George is the second Congressman in Karnataka to get the ED summons. George has been asked to appear before the agency on January 16, along with a set of documents including bank accounts, properties owned, copies of income tax returns, business details in India and abroad.

    In the present VVIP chopper scam case, Ratul Puri was named as an accused in the sixth charge sheet filed by the ED. According to the ED, the role of Puri was that his foreign entities received proceeds of crime directly from Interstellar Technologies Ltd, and that he had received funds from both the chains of money laundering involved in the present matter.

    The ED had issued summons to Bhushan Steel ex-promoter Neeraj Singal in the money laundering case registered in connection with alleged siphoning of funds worth over Rs 2,000 crore. The court had earlier issued notice to the Centre and the ED, seeking their stand on Singal's plea for a declaration that the PMLA cannot be made applicable retrospectively.

    Delhi High Court on Tuesday dismissed Enforcement Directorate's plea seeking cancellation of bail granted by a trial court to businessman Ra...

    Justice Suresh Kait rejected the ED's plea, noting four other accused in the case are already out on bail and Puri had been in custody for over 100 days.

    Robert Vadra, son-in-law of Congress President Sonia Gandhi, has allegedly told the Enforcement Directorate (ED) that he was unable to recollect the 'source of funds' used to purchase lands in two villages in Bikaner.

    The court said the committee shall first value and sell the encumbered properties of HDIL and if there is any shortfall towards repayment of dues, then the properties owned by Wadhawans shall be sold.

    The case pertains to the accused fraudulently availing loans, in connivance with others, from a consortium of banks and subsequent default of loans to the tune of Rs 1,768 crore, ED said in a statement said. "Investigation so far has unearthed 33 shell companies and more than forty contractors in this case," the ED said.

    Birla Power Solutions (BPSL) has allegedly defaulted on repayment of deposits it took between 2009 and 2013. The outstanding amount, according to the probe agencies, is estimated to be more than Rs 500 crore and both Birla and the company are being probed by agencies including the Mumbai Police.

    The PMC Bank has been put under restrictions by the RBI, after a multi-crore scam came to light following which the deposit withdrawal was initially capped at Rs 1,000, causing panic and distress among depositors. The withdrawal limit was increased gradually to Rs 50,000.

    ED has filed an application urging the PMLA tribunal to vacate the stay clamped by the appellate authority in August 2019 on any “coercive action” by the central agency against Vadra and his company, Sky Light Hospitality Pvt Ltd, said people aware of the matter. ED had attached the house, registered in the company’s name, in February last year.

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