Page 7 - Pmla
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 upholds ED's powers under PMLA, says power to arrest not arbitrary")
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
Record number of searches in FY22 as tax offences get money laundering tint
With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr
 "Record number of searches in FY22 as tax offences get money laundering tint")
Banks realised 40% loss in Mallya, PNB cases via sale of seized stock: ED
About 40% of the money lost by banks in the PNB scam and the fraud linked to Vijay Mallya's defunct Kingfisher Airlines has been realised by way of sale of shares seized under PMLA, the ED said
 "Banks realised 40% loss in Mallya, PNB cases via sale of seized stock: ED")
Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod
SBI in talks with SBI Caps to sell shares via block deals
 "Banks to sell Mallya's UBL shares worth Rs 5,500 cr after PMLA court nod")
Warrant against Nirav Modi's sister, brother-in-law kept in abeyance
A special PMLA court on Thursday kept in abeyance the warrant issued against the sister and brother-in-law of fugitive diamond merchant Nirav Modi till further orders.
 "Warrant against Nirav Modi's sister, brother-in-law kept in abeyance")
ICICI-Videocon PMLA case: Bombay HC grants bail to Deepak Kochhar
The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in a money laundering case registered by the Enforcement Directorate
 "ICICI-Videocon PMLA case: Bombay HC grants bail to Deepak Kochhar")
Special PMLA court summons Chanda Kochhar, Venugopal Dhoot on Feb 12
Enforcement Directorate 'establishes' proceeds of crime to the tune of Rs 72 cr
 "Special PMLA court summons Chanda Kochhar, Venugopal Dhoot on Feb 12")
