A view of Delhi High Court, in New Delhi. File | Photo Credit: The Hindu The Delhi High Court has asked Chinese smartphone maker Vivo to approach the Prevention of Money Laundering Act (PMLA) appellate tribunal in relation to the freezing of its bank accounts by the Enforcement Directorate (ED) in connection with a money […]
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Former Delhi Deputy Chief Minister Manish Sisodia. | Photo Credit: FILE PHOTO A court here on Saturday adjourned till April 5 the bail plea hearing of former Deputy Chief Minister Manish Sisodia, in a money laundering case by the Enforcement Directorate (ED) over the alleged Delhi excise policy scam. The adjournment was announced by the […]
Continue ReadingCentral Bureau of Investigation HQ, in New Delhi. File | Photo Credit: PTI A senior IDBI Bank official allegedly conspired with businessman Vijay Mallya for sanction and disbursement of loan to the latter’s Kingfisher Airlines, the Central Bureau of Investigation (CBI) said in its supplementary charge sheet filed in a Mumbai court. Vijay Mallya is […]
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The Enforcement Directorate (ED) is conducting searches on the premises linked to the officials of the Franklin Templeton Mutual Fund (MF), according to sources. | Photo Credit: Emmanual Yogini The Enforcement Directorate (ED) is conducting searches on March 16 on the premises linked to the officials of the Franklin Templeton Mutual Fund (MF), according to […]
Continue ReadingEnforcement Directorate searches are underway in Mumbai and Chennai, say sources. File | Photo Credit: PTI The Enforcement Directorate (ED) is conducting searches on March 16 on the premises linked to the officials of the Franklin Templeton Mutual Fund (MF), according to sources. The searches are underway in Mumbai and Chennai, sources said. In November […]
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The Enforcement Directorate has attached assets worth ₹828 crore including land, buildings, manufacturing plant and machinery of Ludhiana-based SEL Textiles Limited in an alleged bank fraud case. The money laundering probe is based on a First Information Report registered by the Central Bureau of Investigation against the company and its directors, following allegations that they […]
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TMC general secretary Abhishek Banerjee. File | Photo Credit: PTI Meghalaya Chief Minister Conrad K. Sangma will lose his seat as the ruling National People’s Party (NPP) will draw a blank in the Garo Hills, claimed senior TMC leader Abhishek Banerjee. Addressing an election rally in South Tura on February 15, he dredged up the […]
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“Banks have written off ₹11.17 lakh crore bad loans from their books in the last six years till financial year 2021-22,” Parliament was informed on December 20. The non-performing assets (NPAs), including those in respect of which full provisioning has been made on completion of four years, are removed from the balance sheet of the […]
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The court pointed out that although the inquiry/investigation by the ED was not liable to be interdicted, there was no justification for summons being repeatedly issued by the ED officials The court pointed out that although the inquiry/investigation by the ED was not liable to be interdicted, there was no justification for summons being repeatedly issued by the ED […]
Continue ReadingSixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched Sixteen other locations of banks, payment gateway branches and offices in Delhi, Gurugram, Mumbai, Pune, Chennai, Hyderabad, Jaipur, Jodhpur and Bengaluru were also searched The Enforcement Directorate has seized ₹46.67 crore […]
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