Page 20 - Money Laundering Case

PMLA case: HC to hear ED's plea against bail granted to Raut on Dec 12

The Bombay High Court on Monday said it would hear on December 12 the application filed by the Enforcement Directorate seeking cancellation of bail granted to Shiv Sena Rajya Sabha MP Sanjay Raut in a money laundering case. Apart from the Shiv Sena leader, the ED has also challenged the bail granted to co-accused Pravin Raut. Last week, a single bench of Justice M S Karnik had recused itself from hearing the matter. Additional Solicitor General Anil Singh, appearing for ED, on Monday mentioned the matter before another single bench of Justice Anuja Prabhudessai and sought urgent hearing. Justice Prabhudessai posted the matter for hearing on December 12. Sanjay Raut and Pravin Raut were granted bail by a special court on November 9. They were arrested in a money laundering case related to the Patra Chawl redevelopment project in Goregaon in Mumbai. The ED moved HC on the same day and sought an urgent interim stay on the bail order. The HC had, at the time, refused to pass any inte

Delhi HC grants bail to former YES Bank MD Kapoor in money laundering case

The Delhi High Court on Friday granted bail to former MD and CEO of YES Bank, Rana Kapoor, in a money laundering case being probed by the Enforcement Directorate. The order was pronounced by Justice Sudhir Kumar Jain on the bail application by Kapoor. The case pertains to Enforcement Directorate's probe against Gautam Thapar, Avantha Realty Ltd (ARL), Oyster Buildwell Pvt Ltd (OBPL), and several others alleging criminal breach of trust, cheating, criminal conspiracy, and forgery for diversion or misappropriation of public money during the 2017 to 2019 period. The agency had earlier told the trial court that the investigation revealed that approximately Rs 500 crore proceeds of crime were laundered through OBPL, Jhabua Power Limited (JPL), Jhabua Power Investment Ltd. (JPIL), Avantha Power and Infrastructure Ltd (APIL), ARL, etc. which were being controlled and beneficially owned directly or indirectly by Thapar. The trial court had, in October last year, taken cognizance of ED's ..

Attempts made to frame Sisodia in fake excise scam case: Delhi CM

Delhi Chief Minister Arvind Kejriwal called the excise policy scam case "fake" on Friday and alleged that attempts were made to frame his deputy Manish Sisodia in it, whereas the CBI found nothing against him in its probe. "Manish's name is not in the CBI chargesheet. The whole case is fake. Nothing was found in the raids. A total of 800 officers found nothing in the probe for four months. Manish offered hope of a good future to crores of poor children in the country through a revolution in education. I am sorry that a conspiracy was hatched to defame such a person by implicating him in a false case," Kejriwal said in a tweet in Hindi. The Central Bureau of Investigation (CBI) filed its first chargesheet in the excise policy scam case against seven accused, including two businessmen, on Friday. Besides the two arrested businessmen, the head of a television news channel, a Hyderabad-based liquor trader, a Delhi-based liquor distributor and two excise department officials have been ..

Delhi High Court grants bail to Rana Kapoor in money laundering case

The Delhi High Court on Friday granted regular bail to former Managing Director and CEO of YES Bank Rana Kapoor in a Rs 466.51 crore money laundering case.The case is being probed by the Enforcement Directorate (ED).The Bench of Justice Sudhir Kumar Jain on Friday granted bail to him.The trial court in October last year, took cognizance of the Enforcement Directorate (ED) Chargesheet (Prosecution Complaint) filed against Avantha group promoter Gautam Thapar involving Yes Bank's Rana Kapoor and several employees in connection with money laundering case.According to the ED, an ECIR was registered against Gautam Thapar, Avantha Realty Ltd., Oyster Buildwell Pvt. Ltd. and others, alleging criminal breach of trust, cheating, criminal conspiracy and forgery for diversion/ misappropriation of public money during the period 2017 to 2019.

Not a country where one is told how to follow religion: Satyendar Jain

Jailed Aam Aadmi Party minister Satyendar Kumar Jain on Thursday told a Delhi court that "we're not a country where we are told how to follow a religion". Jain made the submission during the hearing of his application, in which he has alleged that the Tihar jail administration had stopped giving him the food allowed "as per law" during his religious fast. *He was arrested in a money laundering case by the Enforcement Directorate (ED) based on a CBI FIR lodged against him in 2017 under the Prevention of Corruption Act.* "At least right now we're not a country where we are told how to follow a religion. State is nobody to tell how to follow. My religion is my religion," Jain's counsel Rahul Mehra told Special Judge Vikas Dhull while reading the relevant rules on fast on religious beliefs inside jails. During the arguments, Mehra also accused authorities of being "petty". "State should be large hearted not petty. They can provide the four nuts that are prescribed and fruits and ...

Delhi court takes cognisance of ED charge sheet against PFI in PMLA case

A Delhi court on Monday took cognisance of a charge sheet filed by the Enforcement Directorate against the Popular Front of India (PFI) and three of its members in a money laundering case related to alleged terrorism-related activities. Special Judge Shailender Malik took note of the Enforcement Directorate (ED) complaint (the agency's equivalent of a charge sheet) and directed jail authorities to produce the accused -- Perwez Ahmed, Mohd Ilias and Abdul Muqeet before the court on December 16, when it will further hear the matter. Ahmed was the president of the PFI's Delhi state unit while Ilias was its general secretary and Muqeet its office secretary, according to the charge sheet filed by ED Special Public Prosecutor N K Matta. They were arrested on September 22 in the case related to alleged laundering of Rs 120 crore. The ED had filed the case based on an FIR lodged by the National Investigation Agency (NIA) for alleged terrorism related activities punishable under the string

ED grills Jharkhand CM Soren for over nine hours in 'illegal' mining case

According to sources, a team of three ED officials asked him about 100 questions on Thursday, and the Chief Minister can be again called for further questioning.

ED conducts searches at 16 locations in Bengaluru in money laundering case

The Enforcement Directorate (ED) on Thursday said that it has recently conducted search operations at 16 locations in Bengaluru in connection with a money laundering case

Conspiracies against me will be foiled, says Jharkhand CM Hemant Soren

A day ahead of his appearance before the ED in a money laundering case, Jharkhand Chief Minister Hemant Soren Wednesday slammed the BJP and said that every conspiracy hatched against him will be thwarted. In view of the ED's summons the ruling UPA in the state is holding back-to-back meetings. JMM is holding a separate meeting, while Congress has called a party legislators' meeting in the evening. A meeting of coalition partners is also likely to be held at the chief minister's residence in the evening, where RJD, which has a lone MLA, will be present. Soren slammed the BJP for the federal agency's summons but did not name it. By hook or by crook, they want to remove me from power. I will foil their conspiracy. He was speaking at a 'Milan Samaroh' in the chief minister's residence where a former BJP legislator of Giridih district, Jai Prakash Verma joined Jharkhand Mukti Morcha (JMM) along with his supporters. Some RJD leaders too joined the JMM at the programme. Soren said, We

Delhi court grants bail to Jacqueline Fernandez in money laundering case

A Delhi court on Tuesday granted bail to actor Jacqueline Fernandez in a Rs 200 crore money laundering case involving conman Sukesh Chandrashekar. Special Judge Shailendra Malik granted the relief on a personal bond of Rs 50,000 and one surety of like amount. The judge had on August 31 taken cognizance of a supplementary charge sheet filed by the Enforcement Directorate and asked Fernandez to appear before the court. Fernandez, who was summoned by the ED several times in connection with the investigation, was named as an accused for the first time in the supplementary charge sheet. The ED's earlier charge sheet and a supplementary charge sheet did not mention her as an accused. The documents, however, had mentioned the details of the statements recorded by Fernandez and fellow actor Nora Fatehi.

Delhi excise policy case: ED arrests AAP in-charge, Hyderabad businessman

The ED has arrested Aam Aadmi Party (AAP) communication in-charge Vijay Nair and businessman Abhishek Boinpally in connection with its ongoing money laundering probe into the Delhi Excise policy that was scraped following corruption allegations, official sources said Monday. The two are currently in judicial custody and lodged in jail here after the Central Bureau of Investigation (CBI) arrested them in the same case. While Nair was arrested by the CBI in September, Boinpally was apprehended last month. The Enforcement Directorate (ED) will seek the custody of the two from a special Prevention of Money Laundering Act (PMLA) court on Monday, they said. The ED is investigating the money laundering angle of the case and the two will be confronted with the evidence gathered and statements recorded by other persons and accused involved in the formulation and implementation of the liquor policy, officials said. The agency has arrested Sameer Mahandru, promoter of liquor company Indospir

Conman Sukesh writes to Delhi L-G, seeks transfer to any other jail

Jailed conman Sukesh Chandrashekhar has written a series of letters to Delhi Lieutenant Governor VK Saxena complaining against Delhi Chief Minister Arvind Kejriwal and Minister Satyendar Jain.The latest letter, released by Sukesh's lawyer AK Singh dated November 9, claimed that he has received "constant threats" and pressure to withdraw complaints filed before the LG office against Aam Aadmi Party, Satyendar Jain, Arvind Kejriwal and Kailash Gehlot.Sukesh's lawyer, in the letter, sought the transfer of the conman and his wife who are lodged in Tihar Jail in the national capital, to any other jail across the country (away from control of DG and Delhi Prisons) "to ensure safety of their lives and limbs"."My client (Sukesh Chandrashekhar) has received constant threats and pressure to withdraw complaints filed before the Lieutenant Governor office against Aam Aadmi Party, Satyendar Jain, Arvind Kejriwal & Kailash Gehlot and also to retract from disclosure statements given to the EOW

Judgement a reminder that fugitives can't be considered above process: CBI

The High Court of London (United Kingdom) on Wednesday dismissed the appeal of Nirav Modi, who is wanted in India to face money laundering and fraud cases.

Court grants bail to Shiv Sena MP Sanjay Raut in money laundering case

A special court here on Wednesday granted bail to Shiv Sena MP Sanjay Raut in a money laundering case pertaining to the Patra Chawl redevelopment project. Special Judge M G Deshpande, designated to hear cases pertaining to the Prevention of Money Laundering Act (PMLA), allowed the bail plea of Raut after hearing arguments from both sides. The Enforcement Directorate (ED) had arrested Rajya Sabha member Raut in July this year for his alleged role in financial irregularities in connection with the redevelopment of the Patra Chawl (row tenement) in suburban Goregaon. He is currently in judicial custody and lodged at the Arthur Road Jail in Mumbai. Raut had in his bail plea claimed the case against him was a perfect example of "abuse of power" and "political vendetta". The ED had opposed Raut's plea, saying he played a major role in the money laundering case related to the Patra Chawl redevelopment and acted "behind the curtains" to avoid the money trail. The ED's probe pertains to .

Money laundering case: ED issues fresh summons to Hemant Soren for Nov 17

The Enforcement Directorate has issued fresh summons to Jharkhand Chief Minister Hemant Soren to appear before it in Ranchi on November 17 for questioning in a money laundering case linked to alleged illegal mining in the state, official sources said Wednesday. Soren, 47, was initially summoned by the federal probe agency on November 3 but he did not depose citing official engagements. He had then sought a three-week deferment of the summons. Official sources said the agency has now asked the CM to appear next week on November 17 at its regional office in state capital Ranchi for questioning and recording of his statement under the provisions of the Prevention of Money Laundering Act (PMLA). The ED has arrested Soren's political aide Pankaj Mishra and two others -- local muscleman Bachhu Yadav and Prem Prakash -- in this case. The agency has said it has "identified" proceeds of crime relating to illegal mining in the state to the tune of more than Rs 1,000 crore till now.

Sanjay Bhandari extradition; here's why ED, CBI want fugitive arms dealer

He is wanted in India for money laundering, kickbacks in arms deal and tax evasion during the UPA government

Money laundering case: Mukhtar Ansari's son, Mau MLA sent to ED remand

The court had issued a non-bailable warrant against him in the case registered at the Mahanagar police station in Lucknow in October 2019

ED arrests Abbas Ansari, son of UP don Mukhtar Ansari, for money laundering

The ED had initiated investigation under PMLA, 2002 against Mukhtar Ansari (Ex MLA) and his aides on the bases of multiple FIRs lodged by Uttar Pradesh Police.

ED files charge sheet against SRS group, promoters in money laundering case

The Enforcement Directorate has filed a charge sheet against the SRS group and its promoters in a money laundering case linked to alleged cheating of homebuyers and investors. Nineteen accused persons and entities, including SRS group chairman Anil Jindal and company directors Jitender Kumar Garg, Praveen Kumar Kapoor and Vinod Jindal, have been named in the prosecution complaint filed under various sections of the Prevention of Money Laundering Act (PMLA), the agency said in a statement. The complaint has been filed before a special PMLA court in Gurugram and the court took cognisance on October 31, it said. "The accused duped innocent buyers by promising them to deliver flats, plots, commercial spaces etc. however, they failed to deliver the projects. The real estate projects were mortgaged to avail loans from banks and other financial institutions," the Enforcement Directorate (ED) said. However, it added, the loans were not used for the intended purposes and were defaulted, ..

ED issues summons to Jharkhand CM Hemant Soren in money laundering case

The Enforcement Directorate has summoned Jharkhand Chief Minister Hemant Soren for questioning on November 3 in a money laundering case linked to alleged illegal mining in the state, officials said on Wednesday. Soren, 47, has been asked to appear before the federal probe agency at its regional office in state capital Ranchi on Thursday. The agency wants to question and record his statement under the Prevention of Money Laundering Act (PMLA), they said. The ED had earlier arrested his political aide Pankaj Mishra and two others in this case. The agency has said it has "identified" proceeds of crimes relating to illegal mining in the state to the tune of more than Rs 1,000 crore till now. The ED probe began after the agency raided Mishra and his alleged associates on July 8, covering 19 locations in Sahibganj, Barhait, Rajmahal, Mirza Chauki and Barharwa in Jharkhand in the case linked to alleged instances of illegal mining and extortion.