Page 7 - Pmla
SC to review two key points in PMLA verdict, issues notice to Centre
The Supreme Court on Thursday agreed to examine a plea seeking a review of the PMLA verdict which upheld the Enforcement Directorate's powers, including those relating to arrest, and sought response from the Centre on the issue. A bench headed by Chief Justice N V Ramana said prima facie two issues, including not providing Enforcement Case Information Report (ECIR), requires reconsideration. The top court on Wednesday had allowed an application of Congress MP Karti Chidambaram seeking an open court hearing of his petition to review the top court's last month's verdict upholding the sweeping powers of the ED relating to arrest, investigation, and attachment of property under the PMLA Act. In its July 27 verdict, the apex court has said that the direction under Section 8(4) for taking possession of the property in question before a formal order of confiscation is passed should be an exception and not a rule. Section 8(4) allows the ED to take possession of the attached property at th
 "SC to review two key points in PMLA verdict, issues notice to Centre")
Latest LIVE: SC to review 2 points in PMLA verdict, issues notice to Centre
From Supreme Court's hearing on review plea of PMLA, remission order of Bilkis Bano convicts, to latest Covid and Russia-Ukraine war updates, catch all the latest news here
 "Latest LIVE: SC to review 2 points in PMLA verdict, issues notice to Centre")
Bilkis Bano matter, Pegasus panel report, PMLA verdict review in SC today
The Supreme Court will hear a joint petition filed by former MP Subhashini Ali, journalist Revati Laul, and Prof. Roop Rekha Verma against the Gujarat government's decision in Bilkis Bano case
SC allows hearing of review plea by Karti Chidambaram against PMLA judgment
According to Chidambaram, the judgment deserves to be reviewed on grounds of grave error and being contradictory to earlier judgments and provisions of the Constitution.
 "SC allows hearing of review plea by Karti Chidambaram against PMLA judgment")
ED files money laundering case against Manish Sisodia under PMLA
The ED will probe if there were alleged irregularities in the formulation and execution of the Delhi Excise Policy unveiled in November last year
 "ED files money laundering case against Manish Sisodia under PMLA")
Oppn expresses 'deep apprehension' over SC upholding PMLA amendments
Expresses hope this 'dangerous verdict is short-lived'
 "Oppn expresses 'deep apprehension' over SC upholding PMLA amendments")
Can PMLA really be the go-to legislation to probe financial crimes?
Several older legislations like the Black Money Act and the Benami Transactions Act have become subservient to the Prevention of Money Laundering Act now
 "Can PMLA really be the go-to legislation to probe financial crimes?")
Latest LIVE: 5G spectrum auction concludes; airwaves sale at Rs 150,173 cr
Latest News LIVE updates: From ED's probe against Shiv Sena MP Sanjay Raut to monkeypox and covid developments, catch all the latest updates here
 "Latest LIVE: 5G spectrum auction concludes; airwaves sale at Rs 150,173 cr")
Why the Enforcement Directorate is being seen as a political weapon
Unlike the CBI, the ED has policing powers without the accountability imposed on the regular police
SC upholds ED's powers under PMLA, says power to arrest not arbitrary
Many politicians, builders, and civil rights activists have charges of money laundering against them and are currently in ED custody
SC to deliver verdict on pleas challenging Money Laundering Act today
The Supreme Court is scheduled to pronounce its judgment on Wednesday on a batch of petitions concerning the interpretation of certain provisions of the Prevention of Money Laundering Act (PMLA)
NSE colo case: ED arrests former Mumbai top cop Sanjay Pandey
He was taken into custody following several hours of questioning by the federal agency on Monday and Tuesday in the matter
 "NSE colo case: ED arrests former Mumbai top cop Sanjay Pandey")
Judgment on plea challenging PMLA provisions 'almost ready', says SC
The petition says some provisions in the Act are unconstitutional, put a reverse burden on accused, give inspectors wide powers to arrest, and take away the right to silence
Illegal phone-tapping case: ED seeks info from NSE on iSec Services
ED may register fresh money laundering case in the illegal phone tapping matter
 "Illegal phone-tapping case: ED seeks info from NSE on iSec Services")
ED names Choksi's wife as beneficiary of scam, files additional complaint
ED has filed a supplementary Prevention of Money Laundering Act (PMLA) complaint against fugitive diamantaire Mehul Choksi and others in the Punjab National Bank scam case
 "ED names Choksi's wife as beneficiary of scam, files additional complaint")
ED attaches over Rs 7 cr assets of actor Jacqueline Fernandez
The federal agency has issued a provisional order under the Prevention of Money Laundering Act (PMLA) for attaching fixed deposits worth Rs 7.12 crore and Rs 15 lakh cash of the 36-year-old actor
 "ED attaches over Rs 7 cr assets of actor Jacqueline Fernandez")
New reporting requirements for companies put onus on auditors
Auditors to certify that transactions are not violative of PMLA/FEMA rules, according to ICAI guidelines
 "New reporting requirements for companies put onus on auditors")
ED searches 26 locations in ABG Shipyard money laundering case
Surat-based ABG Shipyard and its former promoters are accused of duping a consortium of 28 banks to the tune of Rs 22,842 crore
 "ED searches 26 locations in ABG Shipyard money laundering case")
ED in hot pursuit of Rs 5k cr allegedly siphoned off by Unitech's Chandras
They were accused of cheating home buyers on the pretext of a Gurugram based project and since then they are behind the bars
 "ED in hot pursuit of Rs 5k cr allegedly siphoned off by Unitech's Chandras")
ED's scope of probe under PMLA increased 2.5 times in six years
No of searches conducted by the govt agency under the Act went up from 226 in 2016-17 to 572 in 2021-22