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State-owned firms may be clear of Rs 2.4 lakh cr AGR deadline

Telcos Airtel and Vodafone Idea are legally bound to comply with the payment timelines stipulated by the SC.

Ed Osmond

Jan 19, 2020, 07.11 PM IST

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ED takes custody of Amrapali directors for questioning

The Enforcement Directorate (ED) took custody of two directors of Amrapali Group for questioning, officials said on Saturday.

Amrapali Group case: ED takes custody of directors for questioning

The Enforcement Directorate (ED) took custody of two directors of Amrapali...

ED files chargesheet in Bhushan Power and Steel case

The Enforcement Directorate (ED) has filed its first chargesheet in the money laundering...

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  • Assets worth over Rs 204 crore, including houses in Delhi and London, of former Bhushan Power and Steel Ltd (BPSL) CMD Sanjay Singal have been attached under the anti-money laundering law, the ED said on Saturday.

    Tony Fernandes and others stand booked by the Central Bureau of Investigation (CBI) on charges of criminal conspiracy under the Prevention of Corruption Act. The Enforcement Directorate (ED) is also probing allegations of money laundering. CBI registered the FIR on May 29, 2018 following a case registered by the ED on charges of money laundering.

    At least four central agencies — the Ministry of Corporate Affairs and CBI, besides the ED and tax department — are probing the Kochhars and Videocon chairman Venugopal Dhoot, over alleged irregularities in certain loan deals between ICICI Bank and the industrial group when Chanda Kochhar was at the helm of the lender.

    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.

    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.

    The ED has moved SC challenging Bombay HC order giving relief to the Wadhawans in PMC Bank case. Bombay High Court on Wednesday appointed a ...

    The development follows the statement by the company's Chairman Rashesh Shah stating the firm has no relationship with Capstone Forex, which is being investigated by the ED for foreign exchange rules violation. The ED had recently summoned Shah in connection with the company's dealings with Capstone Forex Pvt Ltd.

    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.

    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.

    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.

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