ED arrests Shivinder Singh in RFL PMLA case
Shivinder Singh was in judicial custody after the Delhi Police's Economic Offences Wing had arrested him and others recently. A Delhi Court had on Thursday rejected his bail plea in this police case. The ED had earlier arrested Shivinder Singh's brother Malvinder Mohan Singh in this case.
ED attaches Rs 600-cr worth assets of Iqbal Mirchi family
The properties which were acquired by Mirchi include the 3rd and 4th floor of CEEJA...
NCLAT directs ED to file final affidavit in BPSL assets attachment matter
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopad...
PNB fraud: PMLA court declares Nirav Modi as fugitive economic offender
Nirav is the second businessman after Vijay Mallya to be declared a fugitive economic offender under provisions of the new Fugitive Economic Offenders Act, which came into existence in August last year. Nirav and his uncle Mehul Choksi are the prime accused in PNB fraud case, related to alleged fraudulent issuance of LoU that caused a loss of over $2 bn to the PSB.
Delhi HC seeks ED reply on former BPSL CMD Sanjay Singal's interim bail plea
The Delhi High Court on Monday sought response of the Enforcement Directorate on a plea by former Bhushan Power and Steel Ltd (BPSL) CMD Sanjay Singal, lodged in judicial custody, seeking interim bail in a multi-crore money laundering case linked to an alleged bank loan fraud.
Govt plans to shield IBC cos from PMLA action against promoters
FM Nirmala Sitharaman indicated that a system may be worked out under which action related to the PMLA against the promoter doesn’t impact a company’s resolution under the IBC. The ED’s action has resulted in main applicant JSW reviewing its offer as several assets of one of the most highprofile IBC cases will not be part of the transaction.
Govt plans to amend IBC to ring-fence buyers of stressed assets from prosecution
The proposed amendment will help make the insolvency process more attractive for the bidders.
PMC Bank scam: HDIL's Wadhawans get ED custody till October 22
Special Prevention of Money Laundering Act (PMLA) court judge P Rajvaidya remanded Housing Development Infrastructure Ltd's (HDIL) chairman and managing director Rakesh Wadhawan and his son in ED custody till October 22.
Bank fraud: Ratul Puri moves bail plea, court seeks ED's response
Special judge Arvind Kumar issued notice to the ED and directed it to file a reply by November 30.
SC asks Amrapali buyers to pay outstanding amounts by January 31
The top court asked 28 banks, who have entered into agreements directly with home buyers or through the Amrapali Group for financing homes, to disburse the pending amount within one month.
High Court clarifies allegations in contentious para of Chidambaram's bail order
Justice Suresh Kait said it is nowhere mentioned in paragraph 40 of the November 15 bail order that the allegations relates to Chidambaram's case. The court made the clarification while disposing of an Enforcement Directorate's plea seeking rectification of the "accidental slip/inadvertent error" in certain paragraphs of the order.
Setback for ED in Sterling Biotech bank fraud case
The tribunal has dismissed ED’s appeal filed against a scathing order passed by the agency’s adjudicating authority last year.
SC agrees to hear PIL seeking consecutive jail terms in cases of corruption, terrorism
The plea had said that the Code of Criminal Procedure (CrPC) provision, which provides that a convict can serve varying jail terms simultaneously for several offences, should not be made applicable to the convicts in heinous cases.
NCLAT can’t free assets attached under PMLA: ED
Defending its decision to attach the assets of bankrupt steel mill Bhushan Power and Steel, the ED said insolvency courts don't have the jurisdiction to direct release of a company’s assets attached under the Prevention of Money Laundering Act (PMLA)
ED plea in Supreme Court against release of Tech Mahindra's Rs 822 crore in Satyam case
ED had argued before the High Court that the Rs 822 cr formed part of ill-gotten gains from the Rs 7,200 cr fraud. The next hearing is on November 6, where the top court is expected to determine whether the PMLA could override other regulations.
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