Tag: Money laundering

Karnataka’s mining baron Reddy arrested in Ponzi case

His arrest comes a day after he (Reddy) drove to the CCB office on Saturday evening in response to its summons in the Ponzi case.

November 11, 2018

Ex-Malaysian Prime Minister faces 6 new corruption charges

The new charges were added to the already existing 32 cases of corruption against Najib Razak with all of them being related to the 1MDB investigations.

October 25, 2018

Modi turned CBI into national disgrace: Kejriwal

The CBI on Sunday announced filing the case against Asthana for allegedly accepting a bribe to settle a case of meat exporter Moin Qureshi, who is facing multiple cases of money laundering and corruption.

October 22, 2018

Delhi aviation firm buys Vijay Mallya’s 2 choppers for over Rs 8 Cr

Three firms participated in the auction, held with a minimum bid price of Rs 1.75 crore for each copter of model 2008, last flown in 2013.

September 20, 2018

Former Malaysian PM’s lawyer charged with money laundering

He also insisted that he had no knowledge of that the money could be possibly from illegal activities like the misappropriation of 1MDB funds.

September 13, 2018

PNB scam: Red Corner Notice against Nirav aide

interpol arrest warrant states Bhansali is required by Indian probe agencies.

September 7, 2018

Interpol confirms Nirav Modi is in UK, CBI seeks extradition

On July 2, the Interpol had issued a Red Corner Notice (RCN) against Nirav Modi under money laundering charges levelled by the Enforcement Directorate

August 20, 2018

Over 20 Indian-origin people sentenced in mega US call centre scam

Earlier, three other Indians were sentenced for their involvement in the same fraud and money laundering scheme.

July 21, 2018

Vijay Mallya faces fresh money laundering charge sheet

In more trouble for liquor baron Vijay Mallya, the Enforcement Directorate (ED) is set to soon file a fresh charge sheet against him and his companies on charges of money laundering and allegedly cheating a consortium of nationalised banks to the tune of Rs6,027 crore, officials said today. With this charge sheet (also known as …

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June 17, 2018

Madras high court dismisses Nalini Chidambaram’s plea to quash ED call

In another setback to Chidambaram family, the Madras High Court on Tuesday dismissed a petition by Nalini Chidambaram, wife of Congress leader and former finance minister P Chidambaram, to quash the summons issued by Enforcement Directorate(ED) to appear as a witness in the money laundering probe in Saradha Chit Fund scam case. Ms Nalini told …

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April 25, 2018

RBI bars regulated entities from dealing in cryptocurrencies

In a bid to protect consumers and curb evils like money laundering, the RBI on Thursday barred all regulated entities, including banks, from dealing in virtual currencies like bitcoins, following its earlier multiple warnings on their risks. Regulated entities already providing services to any individual or business dealing in digital currencies have been given three …

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April 5, 2018

Brazil ex-President’s bid to avoid prison rejected

Brazil’s Supreme Federal Court judges voted on Thursday to reject former President Luiz Inacio Lula da Silva’s plea to avoid prison. After over 10 hours of the session, there were six votes against the habeas corpus and five for it, Xinhua reported. The deciding vote was cast by court President Carmen Lucia Rocha. With the …

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April 5, 2018

PNB fraud: ED arrests close associate of Nirav Modi

The Enforcement Directorate has arrested a “close” associate and the vice president of a firm of diamantaire Nirav Modi in connection with a money-laundering probe in the over Rs 12,000 crore PNB bank scam, officials said on Wednesday. Shyam Sunder Wadhwa, the vice president of the Firestar group, was arrested last night under the Prevention …

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March 28, 2018

Karti Chidambaram’s CBI custody extended by 3 days

A special CBI court on Tuesday extended the custody of Congress leader P. Chidambaram’s son Karti Chidambaram by three days in the INX Media money laundering case. Earlier, the Central Bureau of Investigation had underlined that it had “concrete credible evidence collected recently” against him after which the custody was extended. The CBI had told …

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March 6, 2018

PMLA case: Lalu Prasad’s daughter Misa Bharti, husband granted bail

Court has asked both Misa and Shailesh Kumar not to leave country without prior permission

March 5, 2018

ED files supplementary chargesheet against Virbhadra Singh

The Enforcement Directorate (ED) on Thursday filed a supplementary chargesheet against former Himachal Pradesh Chief Minister Virbhadra Singh and his wife, accused of money laundering. The ED has chargesheeted Singh, his wife Pratibha Singh and three others — Chunni Lal Chauhan, Prem Raj and Lawan Kumar Roach — under the provisions of the Prevention of …

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February 1, 2018

Britain announces public register against money laundering

Britain has announced the world’s first public register that requires overseas companies that own or buy property in the country to provide details of their ultimate owners. The government is set to publish relevant draft laws and the register will go live by early 2021. “This world-first register will build on our reputation for corporate …

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January 19, 2018