UBL to snap ties with global distributor over ‘Mallya link’
Liquor co may start exporting directly through parent Heineken’s global distribution net. According to sources, ED is investigating at least five companies in India and overseas for their alleged association with embattled liquor baron Vijay Mallya. On July 24, the ED had raided Ultimate Branding Worldwide, run by Mallya’s former executive assistant V Shashikant.
Indian banks argue for Vijay Mallya bankruptcy, UK court reserves judgment
A group of Indian public sector banks sought a bankruptcy order ag...
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...
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.
Iqbal Mirchi PMLA case: Dheeraj Wadhawan, 15 others in ED chargesheet
The agency is probing alleged illegal purchases of certain properties of the Sir Mohammad Yusuf Trust at Worli, in south-central Mumbai, by Mirchi; ED believes the purchases are “proceeds of crime, and were later sold by Mirchi to two builders through agents.
IBC to be amended to protect new owners of bankrupt companies
The Cabinet is likely to approve relevant changes to the three-year-old Insolvency and Bankruptcy Code at the earliest. This will bring much-needed confidence to buyers of distressed assets, acquirers who were otherwise wary about the over-reach of the investigative authorities. Amendments to the IBC, which came into effect in December 2016, will require eventual parliamentary approval.
INX Media money laundering case: Chidambaram submits bail bond, sureties before Delhi court
He should neither try to influence witnesses nor tamper with evidence, the court said while setting aside the Delhi High Court's November 15 verdict denying the former him bail.
Judicial findings based on sealed cover documents of probe agencies against fair trial: SC
A bench headed by Justice R Banumathi said it was not justified for the Delhi High Court to record the findings in its November 15 verdict denying bail to Chidambaram based on the material submitted in sealed cover by the ED.
NCLAT directs ED to file final affidavit in BPSL assets attachment matter
A two-member NCLAT bench headed by Chairperson Justice S J Mukhopadhaya also asked the ED to clarify about its role after the attachment of assets of Bhushan Power and Steel Ltd (BPSL). The NCLAT has directed to list the matter on December 12 for the next hearing. The appellate tribunal was hearing a batch of petitions, against the attachment of BPSL assets.
VVIP chopper scam: Witness in money-laundering case moves High Court to quash LOC against him
The petitioner, Jamil Saidi, has contended that he is not even an accused in the case, he has appeared before the ED on several occasions and answered all queries put to him by the agency. The MHA, represented by the Centre's standing counsel, Ajay Digpaul, accepted the notice and said a reply would be filed before the next date of hearing.
ED questions former Haryana CM Hooda in Chandigarh in money laundering case probe
The federal agency is probing Hooda's role in multiple criminal cases of money laundering, including the Manesar land case and the Associated Journal Limited (AJL) land case.
Chidambaram's 106-day incarceration was vengeful, vindictive: Rahul Gandhi
"Mr P Chidambaram's 106 day incarceration was vengeful and vindictive. I'm glad that the SC has granted him bail. I'm confident that he will be able to prove his innocence in a fair trial," Gandhi said in a tweet.
No fresh probe in Adarsh scam of Maharashtra: Enforcement Directorate
The federal probe agency issued a statement after media reports surfaced that its sleuths visited the society on Thursday for some measurements and related activities. "This is to clarify that no fresh investigation has been taken up by the Enforcement Directorate in the Adarsh Society scam.
INX Media case: Supreme Court grants bail to P Chidambaram after 106 days of custody
Supreme Court has granted bail to former Finance Minister and Congress leader P Chidambaram in INX Media money laundering case, registered b...
Truth finally prevails, Congress says after SC bail to Chidambaram
Several party leaders welcomed the order granting bail to the former minister, who has been in custody for 105 days, with Chidambaram's lawyer and Congress colleague Abhishek Manu Singhvi describing the ruling as "excellent light after a rather long tunnel."
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