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Money laundering

Nov 14, 2019, 08.46 AM IST



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  • An Ahmedabad-based company's assets worth over Rs 56 crore have been attached in connection with a bank fraud and money laundering case, the Enforcement Directorate

    Sharif is going to London after doctors categorically told him that they had exhausted all options available in Pakistan and seeking treatment abroad was the only one option left. The PML-N leader chided Prime Minister Imran Khan for backing out of its commitment in which he said that he had no objection on Sharif's travel abroad for treatment.

    Addressing the inaugural session of the 'No Money For Terror' conference, Union Minister of State for Home G Kishan Reddy expressed India's concern over the tacit support some nations are extending to terror groups. There is a need for a united global effort against all those who support terror or help generate finances for terrorism, he said.

    Chidambaram said the purpose of ED's opposition to grant of bail is not to advance the cause of justice but to harm his health which has already suffered severe damage after 75 days of custody since August 21. The 74-year-old leader made the submissions in a rejoinder filed to the response of the ED on his bail plea in the money laundering case.

    Earlier this year, the Central Bureau of Investigation received an official communique from Belgian authorities stating that they could not extradite Nehal Modi as he was their citizen, people in the know said.

    The FATF retained Pakistan on the Grey List and warned the country of action for its failure in combating money laundering and terror financing. The decision was taken after a five-day plenary of the FATF held in Paris in October. The Asia Pacific Group of the FATF had found serious deficiencies in Pakistan's anti-money laundering measures.

    ​Sharif was shifted to his Jati Umra Raiwind residence in Lahore on Wednesday after his two-week stay at a Pakistani hospital for treatment of multiple diseases.

    Nirav Modi's bail application was rejected by the court. Prosecution lawyer challenged the fresh bail application on the grounds that Modi continued to possess the means and intention to flee the UK. "He has said he will kill himself if his extradition is ordered, that in itself is the strongest motivation for someone to abscond," the lawyer said.

    The report said that although Pakistan’s laws comply with international anti-money laundering and terrorism financing standards, the “authorities failed to uniformly implement UN sanctions related to designated entities.

    Shivakumar, a 7-time MLA in Karnataka, was booked along with Haumanthaiah -- an employee at Karnataka Bhavan in New Delhi-- and others for alleged offences under the Prevention of Money Laundering Act (PMLA).

    Special CBI Judge Arvind Kumar allowed the ED to quiz Christian Michel in the Tihar Jail on November 5 and 6. The court also allowed Michel's counsel Aljo K. Joseph to meet his client for 30 minutes on the said dates. While the CBI is probing his alleged role in the deal as a "middleman", the ED is investigating money laundering charges against him.

    The watchdog said an assessment of stablecoins found they can potentially offer benefits as well as pose risks.

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