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money laundering

07 April, 2020, 09:46 AM IST

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MONEY LAUNDERING

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  • A team from the central agency had raided the couple’s South Mumbai residence before they were questioned. The raid that started late Wednesday afternoon continued until 4.45 am on Thursday, the people said.

    The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, official...

    In fresh trouble for the promoter of beleaguered airline, Jet Airways, the Enforcement Directorate (ED) registered a money laundering case a...

    ED sleuths conducted searches at Goyal’s residence which were underway till the time of going to press. Sources have told ET that his statement was also being recorded. The agency in the past had confronted Goyal with documents related to 19 privately held companies, of which 14 are registered in India and five abroad, the people said.

    "I have made repeated offers to pay 100 % of the amount borrowed by KFA to the Banks. Neither are Banks willing to take money and neither is the ED willing to release their attachments which they did at the behest of the Banks. I wish the FM would listen in this time of crisis" .

    In the plea filed through his lawyer Subash Jadhav, Kapoor claimed he was sufferinga chronic immunodeficiency syndrome, which causes recurrent lung, sinus and skin infections. This, combined with bronchial asthma since childhood, which still requires inhalers, puts him at high risk of a severe lung infection which can lead to death, the bail plea said.

    A special court granted bail to Kapil Wadhawan, CMD of DHFL arrested in connection with a money laundering case also involving the late gangster Iqbal Mirchi. Wadhawan (46) was arrested on January 27 by the ED under PMLA. According to the ED, Wadhawan was instrumental in laundering of huge amounts of money as part of an illegal deal with Mirchi, who died in 2013 in London.

    The former MD and CEO of the private lender was arrested by the ED here on March 8 under provisions of the PMLA (Prevention of Money Laundering Act) as he was allegedly not cooperating in the probe related to the crisis at Yes Bank which has been placed under moratorium by the RBI.

    The Enforcement Directorate wants to question Kapil and his brother Dheeraj Wadhawan in connection with the Rs. 3,700 crore debentures bought by Yes Bank allegedly in lieu of the Rs. 600 crore loans given by DHFL to Kapoor linked companies.

    He was placed under arrest as he was allegedly not cooperating in the probe for money laundering.

    In fresh trouble for Yes Bank cofounder Rana Kapoor, the Income-Tax (I-T) department has started to look into the books of 78 companies linked to his family members for alleged tax evasion.

    Kapoor and his wife along with others have been named in the fresh case lodged on Friday. The CBI, which is probing the corruption and criminal conspiracy angles in the Yes Bank case, is also raiding Delhi and Mumbai residences belonging to Kapoor and his family along with premises of several associated companies, the official added.

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