A UK court on Thursday rejected for the fifth time the bail plea of fugitive diamond merchant Nirav Modi, who is fighting his extradition to India on charges over the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.
A special court here on Friday granted bail to Kapil Wadhawan, chairman and MD of Dewan Housing Finance (DHFL) arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi.
A Delhi court on Tuesday directed the CBI to hand over to P Chidambaram and his son Karti certain documents filed along with the charge sheet in the INX Media corruption case.
Starting off by doing odd jobs after moving to the Middle East in the 1980s, arrested NRI businessman C.C. Thampi's story is a typical rags-to-riches one.
Merchant is being probed by the ED in connection with illegal real estate deals of Iqbal Mirchi alias Iqbal Memon, an associate of Dawood Ibrahim, and his family. According to the ED, Merchant, who is in his 70s, has admitted to his links with Mirchi, a druglord who died in London in 2013.
The agency further said that probe revealed that the farmers/land owners who had got higher compensation had utilised the excess amount in buying the immovable property, making deposits in bank and giving commission to Revenue officers/officials.
A Delhi court on Wednesday sent former finance minister P Chidambaram to judicial custody till November 13 in the INX Media money laundering case. Special judge Ajay Kumar Kuhar dismissed the plea of the Enforcement Directorate for one day custodial interrogation of Chidambaram. The court directed Tihar authorities to provide Chidambaram with medicines, western toilet, security and separate cell.
Former Finance Minister P Chidambaram will be interrogated by the Enforcement Directorate in the INX Media money laundering case till October 24. A Delhi Court sent Chidambaram in ED custody on Thursday and allowed him certain facilities. Chidambaram has been granted permission to have home-cooked food, western toilet, medicines, separate cell during his ED custody.
The Enforcement Directorate (ED) has attached immovable properties worth Rs 4,025.23 crore of Bhushan Power and Steel Limited (BPSL) in a money laundering case against the firm for siphoning off funds obtained as loans from various banks and financial institutions, the agency said on Saturday.
The investigating officer of the case is expected to record her statement under the Prevention of Money Laundering Act (PMLA) even as she will be confronted with the statements made by Shivakumar and others, they said.
The Enforcement Directorate had on Thursday told the court that Chidambaram's arrest was necessary in the INX Media money laundering case and it will do so at an appropriate time.
ED said it will take him into custody in the INX Media money laundering case at an appropriate time.
"Attached assets consists of two plots of Zoya Resorts and Hotel including construction over them at Mohal Sadhora village, Shimla in Himachal Pradesh, and a flat of Lal Chand Shyam situated at Royal Oaks Apartment, Mauja Kaithu, Shimla," the Enforcement Directorate said.
In a big blow to Imran Khan, the Financial Action Task Force (FATF) has blacklisted Pakistan for failing to act on terror funding and money laundering.
Switzerland has stepped up its cooperation with other countries, including India, when it comes to cracking down on suspected illicit wealth parked in its banks.
Robert Vadra was grilled for about five hours last Thursday when the investigating officer of the case recorded his statement under the Prevention of Money Laundering Act.
Quick look at the cases where Robert Vadra's name is involved
Robert Vadra, who is an accused in a money laundering case, Tuesday moved a Delhi court seeking permission to travel abroad.
The ED has filed a charge sheet against a jailed operative of the Lashkar-e-Taiba (LeT), a Pakistan-based proscribed terror group, on charges of money laundering and acting as a terror financing conduit.
Money laundering case: Robert Vadra appears before the Enforcement Directorate in Jaipur
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