Page 15 - Money Laundering Case

Delhi excise case: Court extends custody of Sanjay Singh till Nov 10

A Delhi court on Friday extended till November 10 the judicial custody of AAP leader Sanjay Singh, arrested in a money laundering case related to the alleged Delhi excise scam. Special Judge M K Nagpal also allowed Singh to sign certain cheques for his family expenses as well as his works as a Member of Parliament. The judge also directed the jail authorities concerned to ensure proper treatment to Singh, including by his private doctor. "Court sees no reason to refuse the private treatment to the accused.... Hence, the jail superintendent concerned is directed to ensure the appropriate treatment," the judge said. He further directed that the counsel for the accused to ensure that no supporter of Singh and others gather at the medial centre during his visit.

ED raids pharma firm Parabolic Drugs, promoters in money laundering probe

The Enforcement Directorate on Friday carried out raids at multiple premises of Chandigarh-based pharmaceutical company Parabolic Drugs and its promoters as part of a money laundering investigation linked to an alleged bank loan fraud case, official sources said. The searches by the central agency covered a total of 17 premises in Delhi, Mumbai, Chandigarh and Panchkula and Ambala in Haryana, they said. The action is being undertaken under the provisions of the Prevention of Money Laundering Act (PMLA) and the ED case stems from a 2021 CBI FIR against the company and its promoters Vineet Gupta and Pranav Gupta among others, the sources said. The agency, as per the sources, is also looking at some documents from Sonepat-based Ashoka University as two directors of the company, Vineet Gupta and Pranav Gupta, have been associated with the educational institution in the past. The two had stepped down from all the boards and committees of the university in 2022, days after the CBI ...

Jyotipriyo Mallick: From Mamata loyalist to "scam-tainted" minister

Jyotipriyo Mallick, a senior TMC leader, saw his four-decade-long political journey take a severe hit as the Enforcement Directorate arrested him on Friday in connection with a money laundering case linked to an alleged multi-crore ration distribution scam in the state. Sixty-five-year-old Mallick presently holds the portfolios of Forest Affairs and Non-Conventional and Renewable Energy in the Mamata Banerjee government. He was the West Bengal Food Supplies Minister from 2011 to 2021, a period during which the alleged irregularities in ration distribution reportedly took place. Mallick stepped into politics as a leader of the Congress students' wing Chatra Parishad - in the early eighties during his college years, inspired by then-firebrand mass leaders Priya Ranjan Dasmunsi and Mamata Banerjee. Born into a middle-class family in West Bengal's North 24 Parganas district in 1958, he delved into politics while pursuing a career in law. Recognizing his organizational skills, a local

ED arrests Bengal minister Jyotipriyo Mallick in money laundering case

The Enforcement Directorate has arrested West Bengal minister Jyotipriyo Mallick in a money laundering case linked to an alleged multi-core ration distribution scam in the state, official sources said on Friday. The minister was apprehended under the Prevention of Money Laundering Act in the early hours of Friday following over 17-18 hours of questioning, they said. He will be produced before a local court where the ED will seek his custody."I am a victim of a great conspiracy," the TMC minister said after being arrested by ED in connection with the alleged ration distribution scam. Earlier on Thursday, West Bengal Chief Minister Mamata Banerjee threatened to file a police complaint if anything happens to Mallick during the questioning as he was unwell and had several medical ailments. The central agency had launched searches at Mallick's premises on Thursday. It also searched his ancestral house on Amherst Street in central Kolkata. The alleged scam pertains to reported ...

HC dismisses Sanjay Singh's plea against arrest in excise policy case

The Delhi High Court on Friday refused to interfere with the arrest of AAP leader Sanjay Singh as well as his subsequent remand in Enforcement Directorate's custody in a money laundering case related to the now-scrapped excise policy of the city government. Justice Swarana Kanta Sharma dismissed his petition challenging the arrest as well as the remand in the matter, saying "no ground" was made out to grant him the relief. Singh, who was arrested by the ED on October 4, had moved the high court last week challenging his arrest and remand in the money laundering case related to alleged irregularities in the Delhi excise policy for 2021-22. The ED's money laundering case stems from the CBI FIR. According to the CBI and the ED, irregularities were committed while modifying the Delhi Excise Policy 2021-22 and undue favours were extended to licence holders. It is alleged that Singh played a key role in the formulation and implementation of the policy, which benefited certain liquor ...

Madras HC rejects bail plea of TN Minister Balaji in money laundering case

The Madras High Court on Thursday dismissed the bail petition of Tamil Nadu Minister V Senthil Balaji, who was arrested by the Enforcement Directorate in connection with a money laundering case. Justice G Jayachandran dismissed the bail petition of Senthil Balaji. The judge observed that since the brother of the petitioner was absconding and the petitioner was holding the post of a Minister without portfolio, he may likely tamper with witnesses. Balaji was arrested on June 14 by the ED in connection with a money laundering case linked to cash-for-jobs scam when he was the Transport Minister during the earlier AIADMK regime.

Court denies 'default bail' to Supertech chief in money laundering case

A Delhi court has denied 'default bail' to R K Arora, the chairman and promoter of real estate major Supertech Group, in a money laundering case. Additional Sessions Judge Devender Kumar Jangala dismissed the application moved by Arora which argued he should be granted bail since the central probe agency had filed an 'incomplete charge sheet' against him. The judge rejected the contention, observing that the ED had completed the investigation against Arora. "It is clear from the above discussions that the prosecution on completion of investigation has filed the complaint against the accused persons named in the complaint including the applicant Ram Kishor Arora," the judge said in an order passed on October 14. Jangla noted that considering the sufficiency of material on record, the court had already taken the cognizance of commission of alleged offence in an order passed on September 26. "The order passed by this court at the time of taking the cognizance itself implies that the

ED attaches assets over Rs 57 cr in Karuvannur bank money laundering case

A total of 117 immovable properties located in three southern states, deposits in 92 banks and vehicles worth over Rs 57 crore have been attached in a money laundering probe linked to the Karuvannur Service Cooperative Bank of Kerala, the ED said on Friday. The Enforcement Directorate issued a provisional order under the Prevention of Money Laundering Act (PMLA) to attach the assets. The total value of these properties is Rs 57.75 crore. The attached assets include 117 immovable properties consisting of land and buildings in Kerala, Karnataka and Tamil Nadu; movable properties including 11 vehicles, fixed deposits and credit balances in 92 bank accounts of individuals found actively involved in the offence of money laundering, the federal agency said in a statement. The probe found loans were "illegally" sanctioned and disbursed to these persons and their benamis from the Karuvannur Service Cooperative Bank Ltd. in cash without sufficient collateral as part of a systematic conspirac

Excise policy case: HC seeks ED stand on Sanjay Singh's plea against arrest

The Delhi High Court on Friday sought the Enforcement Directorate's stand on a plea by AAP leader Sanjay Singh against his arrest in a money laundering case related to alleged irregularities in the scrapped Delhi excise policy for 2021-22. Justice Swarana Kanta Sharma asked the ED to file its response to the petition and listed the matter for hearing on Tuesday morning. The counsel appearing for the Rajya Sabha MP said due procedure was not followed when he was arrested by the investigating agency without any prior summons or notice in the case. "I am on procedure, he said. The ED's lawyer asked the court to grant him time to file a response to the petition. Today judicial custody is granted...I am entitled to put in a reply. Give me two days, he said. A trial court today remanded Singh, arrested on October 4, in judicial custody till October 27. Singh's petition was listed for hearing after it was mentioned for urgent listing by his lawyer before the high court bench headed by C

Excise policy: AAP protests near BJP headquarters against Singh's arrest

The Aam Aadmi Party workers on Friday protested near BJP headquarters here against the arrest of senior leader Sanjay Singh in a money laundering case related to alleged irregularities in the scrapped Delhi excise policy. Raising slogans against the party, the AAP workers tried to proceed towards BJP headquarters on DDU Marg but the police and paramilitary personnel stopped them. The protest came hours after the Delhi High Court agreed to list during the day a plea by Singh against his arrest. The matter was mentioned for urgent hearing by a lawyer for the Rajya Sabha MP before a bench of Chief Justice Satish Chandra Sharma and Justice Sanjeev Narula. Singh's lawyer said proper grounds of arrest were not provided to him. On October 10, a trial court remanded Singh, arrested earlier this month, to the custody of the Enforcement Directorate till October 13. The ED's money laundering case stems from the CBI FIR. According to the CBI and the ED, irregularities were committed while .

HC refuses bail to Sanjay Chhabriaa in YES Bank money laundering case

The Bombay High Court has refused to grant default bail to realtor Sanjay Chhabriaa in the Yes Bank money laundering case, observing that money laundering involves intricate processes to make illegally-obtained money appear legitimate and hence require in-depth investigation. A single bench of Justice M S Karnik on October 9 dismissed Chhabriaa's petition seeking default bail on the ground that though the Enforcement Directorate (ED) submitted its prosecution complaint against him within the mandatory 60-day period, it had also sought permission from the special court to carry on further probe in the case. The ED's case was that while the probe against Chhabriaa was complete, the investigation regarding the case was still on. The high court in its order agreed with the agency and said the offence of money laundering involves multiple interconnected transactions and the same demands cumbersome investigation, and that the ED in the present case was investigating an economic offence ..

ED raids AAP's Delhi MLA Amanatullah Khan in money-laundering probe

The Enforcement Directorate on Tuesday raided the premises of AAP MLA Amanatullah Khan in Delhi as part of a money-laundering investigation against him and some others, official sources said. The 49-year-old legislator represents the Okhla constituency in the Delhi Assembly. The Enforcement Directorate (ED) searches are being undertaken under provisions of the Prevention of Money Laundering Act. The federal agency has taken cognisance of a Delhi Anti-Corruption Bureau FIR and a Central Bureau of Investigation FIR against the legislator, related to alleged corruption linked to illegal appointments in the Delhi Waqf Board. Khan is the Delhi Waqf Board chairman.

AAP holds protest against action of central agencies against its leaders

Aam Aadmi Party workers held a demonstration on the DDU Marg here on Tuesday to protest the action of central agencies against its leaders. The protest took place hours after the Enforcement Directorate (ED) raided AAP MLA Amanatullah Khan's residence here as part of a money-laundering investigation against him and some others. Several protesters were detained by the police as they tried to march from the AAP office to the BJP headquarters on DDU Marg. Former Delhi deputy chief minister Manish Sisodia and AAP Rajya Sabha MP Sanjay Singh are currently in jail in a money-laundering case linked to alleged irregularities in the implementation of the now-scrapped excise policy. AAP leaders, including Kejriwal, have strongly denied the allegations and claimed that the cases registered by probe agencies are false.

Money laundering case: SC to hear Satyendar Jain's bail plea on October 9

The Supreme Court is scheduled to hear on Monday a bail plea of former Delhi minister Satyendar Kumar Jain in a money laundering case lodged against him. A bench of Justice A S Bopanna and Justice Bela M Trivedi will continue hearing the petition of Satyendar Jain and co-accused Ankush Jain. On September 25, the top court, while extending the interim bail of Jain till October 9, asked him to not make the pendency of the proceedings before the apex court a ruse to delay the trial in the case. The Enforcement Directorate has claimed that the AAP leader was seeking repeated adjournments in the trial court on the ground that his bail plea was pending before the apex court. The probe agency has alleged that Jain has taken as many as 16 dates from the trial court. The Supreme Court had on May 26 granted interim bail to Jain for six weeks for spinal surgery, saying a citizen has a right to receive treatment of his choice in a private hospital at his own expense. On September 12, it extend

AAP leader Sanjay Singh arrested by ED in Delhi liquor policy case

On Wednesday, Sanjay Singh was questioned by the central probe agency for over 10 hours in connection with the case

2 directors of realty firm M3M granted bail by SC in money laundering case

The Supreme Court on Tuesday granted bail to Basant Bansal and Pankaj Bansal, directors of Gurugram-based realty group M3M, in a money laundering case. A bench of justices A S Bopanna and Sanjay Kumar, which had reserved the verdict on September 11 after hearing submissions of lawyers, granted the relief to the directors of the realty firm. The Bansals had moved the top court against the July 20 order of the Punjab and Haryana High Court which had dismissed their bail pleas, saying the case is quite serious in nature. Basant and Pankaj Bansal were earlier arrested by the Enforcement Directorate in connection with the money laundering probe linked to the alleged bribery case. The top court on August 11 had sought responses from the Centre and the Enforcement Directorate on the bail plea of the accused directors against the high court order refusing to release them on bail in the ED's probe linked to an alleged bribery case against a former judge. The money laundering case in which

PFI money laundering case: ED conducted searches at 12 locations in Kerala

The Enforcement Directorate (ED) on Monday conducted raids at several locations linked to former members of the banned Islamist outfit Popular Front of India (PFI) across the state. Searches are underway at various places in Ernakulam, Thrissur, Malappuram and Wayanad districts of the state, police said. The houses of former PFI leaders Abdul Samad and Latheef were also searched in Wayanad and Thrissur districts, they said. According to sources, the raids were launched to ascertain the alleged source of funding for the banned outfit. The central government had on September 28, 2022 declared the PFI as an 'unlawful association' under UAPA and imposed a ban on it for five years.

SC refuses to entertain Jharkhand CM Hemant Soren's plea against ED summons

The Supreme Court on Monday refused to entertain Jharkhand Chief Minister Hemant Soren's plea against the Enforcement Directorate's (ED) summons in a case of alleged money laundering. A bench of Justice Aniruddha Bose and Justice Bela M Trivedi granted Soren the liberty to approach the Jharkhand High Court for relief in the matter. Senior advocate Mukul Rohatgi claimed in the court that this is a complete case of a witch-hunt. "Mr Rohatgi, why don't you go to the high court? No no, go to the high court. We will permit you to withdraw," the bench said. The matter was dismissed as withdrawn. Additional Solicitor General S V Raju, appearing for the ED, submitted that the issue is covered by a large number of judgments. Soren has moved the apex court challenging the summons sent to him to depose at the federal agency's office in Ranchi on August 14 and record his statement under the Prevention of Money Laundering Act. Earlier, Soren had skipped the ED's summons in an alleged defence

Jharkhand CM Soren's plea against ED summons to be heard on Sept 18

The Supreme Court on Friday adjourned to September 18 the hearing on Jharkhand Chief Minister Hemant Soren's plea against the Enforcement Directorate's (ED) summons in an alleged money laundering case. A bench of Justices Aniruddha Bose and Bela M Trivedi deferred the matter after it was informed that senior advocate Mukul Rohatgi would appear in the matter for Soren. "I am requesting the matter be heard on Monday. Senior advocate Mukul Rohatgi is leading us," a junior counsel said. The bench agreed to the submission. Soren has moved the apex court challenging the summons sent to him to depose on August 14 at the federal agency's office in Ranchi and record his statement under the Prevention of Money Laundering Act. Earlier, Soren had skipped the ED summons in an alleged defence land scam case citing pre-scheduled events. The 48-year-old Jharkhand Mukti Morcha leader was interrogated for over nine hours by the ED on November 17 last year in connection with another money launderin

Excise policy cases: SC defers hearing on bail pleas of Sisodia to Oct 4

The Supreme Court on Friday deferred hearing for October 4 on the bail pleas of AAP leader Manish Sisodia in two Delhi excise policy cases being probed by the CBI and ED. A bench of Justices Sanjiv Khanna and SVN Bhatti adjourned the matter after senior advocate Abhishek Singhvi, appearing for Sisodia, submitted that he needs two to three hours to argue the matter. "Although I am in jail. We (both sides) have agreed. The hearing will take 2-3 hours at least on my side. This matter requires urgent attention," Singhvi said. Additional Solicitor General SV Raju agreed to his submission. Singhvi also alleged that whenever this case or Satyendar Jain's case comes up, there is a newspaper article on the merits of the case. The bench said it has not read newspapers and added, "We have to get used to that". On July 14, the top court had sought responses of the CBI and the ED on the interim bail pleas of Sisodia in the cases. Sisodia, who held the excise portfolio among the many that he