Page 22 - Money Laundering Case

Court stays bail proceedings in Satyender Jain's money laundering case

A court here on Monday stayed the proceedings in the bail hearing of Delhi minister Satyendar Jain in a money laundering case. Principal District and Sessions Judge Vinay Kumar Gupta passed the directions while issuing notice to Jain and other co-accused in the case on an application of the Enforcement Directorate (ED) seeking transfer of the case to another judge. The judge directed the respondents to file their reply to ED's plea by September 30 and stayed the proceedings before Special Judge Geetanjali Goel till further order. The probe agency has sought the transfer of the matter from Special Judge Goel to any other judge. The agency, in its plea, has raised certain contentions related to the bail arguments being heard by the special judge. Goel, while hearing the lengthy arguments on the bail petitions of Jain and the other two co-accused - Ankush Jain and Vaibhav Jain - in the money laundering case, had pulled up the agency over its probe in the matter in the past few ...

Patra Chawl case: Court extends Sanjay Raut's judicial custody till Oct 3

Raut was arrested by the Enforcement Directorate (ED) on August 1 in connection with the alleged Patra Chawl redevelopment scam case, and has been in custody since.

D K Shivakumar questions timing of ED summons in money laundering case

In August this year, a Delhi court had granted bail to Shivakumar and other accused persons in connection with a 2018 money laundering case registered by the ED

Jacqueline Fernandez appears before Delhi Police in money laundering case

Earlier, the Enforcement Directorate (ED) named Jacqueline in their chargesheet in the money laundering case that involves Sukesh

ED issues fresh summons to TMC MP's kin after wrong notice call at midnight

The Enforcement Directorate has issued fresh summons to Maneka Gambhir, the sister-in-law of TMC MP Abhishek Banerjee, for questioning in a money laundering case after it was found that the agency "erroneously" issued her a notice for appearance at 12:30 AM instead of 12:30 PM on Monday, official sources said. Gambhir was handed over the summons to appear at the ED office here on Monday "at 12:30 AM" by agency officials at the Kolkata airport on September 10 after they denied her from travelling abroad as she was required to join investigation in an alleged coal scam case. She reached the ED office in Salt Lake area around the stipulated time given on the summons but as it was an erroneous date issued inadvertently, she found the office closed and returned after clicking some pictures, the sources said. The sources said the midnight time printed on the earlier summons was a "typographical error" and it should have been "12:30 PM" on September 12. Now, Gambhir has been sent fresh ..

Ex-NSE MD Ravi Narain sent to 2-day ED custody in money laundering case

A Delhi court on Wednesday sent former MD and CEO of National Stock Exchange Ravi Narain to two days' custodial interrogation by Enforcement Directorate in a money laundering case related to alleged illegal phone tapping and snooping on stock exchange employees. Special Judge Sunena Sharma allowed ED's plea seeking Narain's custody till September 9 after the accused was produced before him by the probe agency. ED's Special Public Prosecutor N K Matta told the court that Narain was required to be confronted with other accused persons and evidence in the matter to unearth the larger conspiracy in the matter. The ED on Tuesday arrested him in the case. Narain was the MD and CEO of NSE from April 1994 to March 31, 2013. Thereafter, he was appointed as the vice-chairman in a non-executive category on the company's board from April 1, 2013, to June 1, 2017. The ED had registered an Enforcement Case Information Report (ECIR) in July against former Mumbai Police commissioner Sanjay Pandey

Indictment of Pak PM Shehbaz Sharif in money laundering case delayed

The indictment of Pakistan PM Shehbaz Sharif and his son, ex-Punjab CM Hamza Shehbaz, in a Rs 16 billion money laundering case was delayed again after the two filed fresh petitions seeking acquittal

Jailed Sena MP Raut seeks bail from special court in money laundering case

Shiv Sena Rajya Sabha MP Sanjay Raut, arrested last month in a money laundering case linked to a housing project in Mumbai, on Wednesday moved a bail application before a special court here. His bail plea is likely to come up for hearing before judge MG Deshpande, presiding over the special PMLA court, on Thursday. Raut, 60, was arrested by the Enforcement Directorate (ED) in early August under the Prevention of Money Laundering Act (PMLA) for his alleged role in financial irregularities related to the redevelopment of Patra 'Chawl' (old row tenements) in suburban Goregaon. The Shiv Sena politician is currently in jail under judicial custody. The Rajya Sabha member was found to be alleged beneficiary of more than Rs 2 crore of the proceeds of crime, the ED has claimed. Further, the central probe agency has claimed documents seized during its probe showed the purchase of properties at Alibaug, a coastal town in neighbouring Raigad district, by Raut involved substantial cash ...

ED arrests former NSE MD and CEO Ravi Narain in money-laundering case

The Enforcement Directorate on Tuesday arrested former NSE CEO and MD Ravi Narain in a money laundering case, officials said. His role is being investigated by the federal probe agency as part of two criminal cases linked to the bourse the alleged co-location 'scam' case and the purported illegal phone tapping of employees. Narain is understood to have been arrested in the tapping case under the criminal sections of the Prevention of Money Laundering Act (PMLA). The ED earlier had arrested another former National Stock Exchange (NSE) MD and CEO Chitra Ramkrishna in the alleged phone tapping case while the CBI, which is parallely probing these cases, had arrested her in the co-location case. The Enforcement Directorate has also arrested former Mumbai Police Commissioner Sanjay Pandey in the alleged illegal phone tapping case.

Jacqueline cooked up stories, didn't disclose truth: ED chargesheet

The ED in its second chargesheet filed against Jacqueline Fernandez involving conman Sukesh has claimed that the actress neither disclosed the complete truth nor the details of the gifts she received

Centre may drop CEL sale amid ongoing money laundering case against bidder

A case is pending against Nandal Finance at NCLAT; RoC has also filed a winding-up petition against the firm

Court dismisses NSE ex-CEO Ramkrishna's bail plea in money laundering case

A Delhi Court on Monday dismissed the bail application of former managing director and chief executive officer of the National Stock Exchange (NSE) Chitra Ramkrishna in a money laundering case related to the alleged illegal phone tapping and snooping of NSE employees. Special Judge Sunena Sharma denied the relief, saying the stage was not set to allow the bail. During the hearing, the ED had opposed the bail plea, saying the investigation was ongoing in the matter and she was directly or indirectly indulging in the crime. The ED's Special Public Prosecutor N K Matta had told the court that from 2009 to 2017, former NSE CEO Ravi Narain, Ramkrishna, Executive Vice President Ravi Varanasi and Head (Premises) Mahesh Haldipur and others conspired to cheat NSE and its employees and for the said purpose iSEC Services Pvt Ltd was engaged for illegal interception of phone calls of employees of NSE in the guise of Periodic Study of Cyber vulnerabilities of NSE. The top officials of NSE issue

Supreme Court set to review PMLA verdict, reconsider two provisions

The court said it would re-examine two provisions of the Prevention of Money Laundering Act (PMLA)

Money laundering case: Jacqueline alleges ED probe differentiating

She and other celebrities who received gifts from the main accused Sukesh Chandrashekhar are made witnesses whereas she is sought to be dragged as an accused

ED registers case to probe alleged irregularities in Delhi excise policy

The Enforcement Directorate has registered a money laundering case to probe alleged irregularities in the Delhi Excise policy allegedly involving Deputy Chief Minister Manish Sisodia and others, official sources said Tuesday. The federal agency has filed the case under the criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a CBI FIR that has named Sisodia and 14 others. The CBI had conducted raids in the case last week on August 19 and had covered the Delhi residence of Sisodia, 50, that of IAS officer and former Delhi excise commissioner Arava Gopi Krishna and 19 other locations across seven states and Union Territories. Sisodia holds multiple portfolios in the Chief Minister Arvind Kejriwal-led Delhi government including that of excise and education. The ED will probe if alleged irregularities were done in the formulation and execution of the Delhi Excise Policy brought out in November last year. The scheme came under the scanner after

Sisodia ready to go behind bars but won't bow down: AAP after ED's case

After the Enforcement Directorate registered a money laundering case over the Delhi excise policy, the AAP on Tuesday said it had to happen as Deputy Chief Minister Manish Sisodia rejected the BJP's offer to join it to free himself from charges in the matter. Sisodia is ready to go behind bars but he would not "bow down" before the BJP, the Aam Aadmi Party (AAP) added. Official sources said the Enforcement Directorate (ED) has registered a money laundering case to probe alleged irregularities in the excise policy allegedly involving Sisodia and others. The federal agency has filed the case under the criminal sections of the Prevention of Money Laundering Act (PMLA) after taking cognisance of a CBI FIR that has named Sisodia and 14 others. Reacting to the news about registration of the case by the ED, AAP national spokesperson and Rajya Sabha MP Sanjay Singh said in a tweet in Hindi, This had to happen. They (from BJP) had threatened Manish ji that if he does not join the BJP, the E

Sanjay Raut's judicial custody extended till Sep 5 in money laundering case

A special court here on Monday extended the judicial custody of Shiv Sena MP Sanjay Raut till September 5 in a money laundering case linked to alleged irregularities in the redevelopment of a Mumbai 'chawl'. Raut, 60, was arrested by the Enforcement Directorate (ED) on August 1 in connection with alleged financial irregularities in the redevelopment of the Patra Chawl (row tenement) in suburban Goregaon. After being in the ED's custody initially, the Sena leader was sent to judicial custody for 14 days on August 8. On Monday, special Judge M G Deshpande, hearing cases related to the Prevention of Money Laundering Act (PMLA), extended Raut's custody till August 30. The ED told the court that its probe into the case was still on. The ED's investigation pertains to alleged financial irregularities in the redevelopment of the Patra 'chawl' and related financial transactions involving Raut's wife and associates. Raut, a close aide of Shiv Sena president and former Maharashtra chief ..

Court to hear Satyender Jain's bail on Aug 23; reserves wife's bail orders

However, the Court allowed the bail applications filed on behalf of the other two accused Ajit Prasad Jain and Sunil Kumar Jain.

ED to name Jacqueline Fernandez as accused in conman money laundering case

The Enforcement Directorate (ED) has decided to name Bollywood actor Jacqueline Fernandez as an accused in a multi-crore money laundering case linked to alleged conman Sukesh Chandrashekhar and others, official sources said on Wednesday. The federal probe agency is expected to file a fresh (second supplementary) charge sheet or prosecution complaint in this case on Wednesday before a special Prevention of Money Laundering Act (PMLA) court in Delhi and, according to sources, the actor has been arraigned in it as an accused. The 37-year-old actor has been questioned multiple times by the agency in this case, the last being in June. The actor, a Sri Lanka national, debuted in the Hindi film industry in 2009. The ED in April provisionally attached Rs 7.27 crore funds of the actor under the PMLA apart from Rs 15 lakh cash as the agency called these funds as "proceeds of crime". "Sukesh Chandrasekhar had given various gifts worth Rs 5.71 crore to Jacqueline Fernandez from the proceeds o

ED to name Jacqueline as accused in conman Sukesh money laundering case

The Enforcement Directorate has decided to name Bollywood actor Jacqueline Fernandez as an accused in a multi-crore money laundering case linked to alleged conman Sukesh Chandrashekhar and others