Money Laundering | The Asian Age

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The ED had opposed Vadra's application, saying he was 'needed to be dealt with custodial interrogation and that there was a risk of tampering with the investigation'. (Photo: File)

ED moves Delhi HC for cancellation of bail to Vadra in money laundering case

Vadra is facing allegations of money laundering in purchase of a London-based property at worth 1.9 million pounds.

24 May 2019 2:57 PM

According to ED, accused Mohit Garg, Nitin Gupta, and Rajeev Singh Kushwaha used to collect demonetised form of currency from different persons and deposited them into the account of shell firms/ companies operated by Rajeev Singh Kushwaha.

ED attaches property worth over Rs 2 crore in Axis Bank demonetisation case

According to officials Mohit Garg and Rajeev Singh Kushwaha illegally earned a commission at 15 pc of total amount deposited.

13 May 2019 7:51 PM

Nirav Modi was arrested by Scotland Yard officers in central London on March 19. (Photo: ANI)

In a third attempt, Nirav Modi to file fresh bail plea in UK court today

It remains unconfirmed whether Nirav Modi will appear in person or via video link from Wandsworth prison.

08 May 2019 8:50 AM

The 48-year-old, who has been behind bars at Wandsworth prison in south-west London since his two previous bail applications were rejected following his arrest on March 19. (Photo: File)

Fugitive diamond merchant Nirav Modi to make another bail plea in UK court on May 8

Barrister Nick Hearn from Furnival Chambers will represent CPS, while Modi will be represented by Clare Montgomery of Matrix Chambers.

01 May 2019 3:48 PM

“Even though Jet was a major competitor to Kingfisher at the time I feel sorry to see such a large private airline on the brink of failure when government used 35K crores (Rs 35,000 crores) of public funds to bail out Air India. Just being a PSU is no excuse for discrimination,” Mallya wrote on Twitter. (File Photo)

Vijay Mallya talks about 'airline karma' in message for cash-strapped Jet Airways

Mallya, fighting his extradition to India on charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.

17 Apr 2019 12:51 PM

Ramesh Bawa was arrested late Friday night in the national capital after the Supreme Court recently refused to extend relief of granting him bail from arrest.

Former IL&FS MD, CEO Ramesh Bawa arrested by SFIO

On April 1, SFIO, the investigative arm of the Ministry of Corporate Affairs had arrested former ILFS Chairman Hari Sankaran.

13 Apr 2019 1:14 PM

Mukesh Ambani’s East West Pipeline in money laundering row

The pipeline project, it said, was implemented by a consortium of independent contractors from India, China, Russia and the Middle East.

08 Apr 2019 1:14 AM

Unlisted companies filing ITR-6 too will have to provide details of investors, their residential status in India, PAN, date of allotment, number of shares held, issue price per share and amount invested.

Directors, investors in unlisted cos cannot file Income Tax returns Sahaj, Sugam

This aimed at tightening the noose on unlisted companies appointing dummy directors and use shell companies for money laundering.

05 Apr 2019 8:13 PM

The purchase took place just weeks after the company had been sold for $40 million, the filings said.

Probe into Wirecard deal with Chennai firm likely

Income Tax-Enforcement investigation on cards.

02 Apr 2019 6:21 AM

Enforcement Directorate on Friday arrested Zakir Naik’s trusted aide Abdul Kadir Najmudin Sathak for allegedly 'actively assisting' him in money laundering. (Photo: File)

ED held Zakir Naik's trusted aide in money laundering

During the course of the investigation, it came to light that the videos were also allegedly exported to the United Kingdom by Sathak.

22 Mar 2019 5:32 PM

Nirav Modi, one of India's richest men accustomed to the high-life and celebrity circles around the world, will be faced with some harsh conditions at the prison amid some dubious inmates. (Photo: File)

Remanded till March 29, Nirav Modi spends Holi in overcrowded UK jail

Nirav was arrested by Scotland Yard on Tuesday and presented at Westminster Magistrates' Court in London on Wednesday.

22 Mar 2019 8:29 AM

Wirecard, a star in the German stock market for more than a decade, came under selling pressure after a series of reports of a possible fraud in Indian operations.

Acquisition of Chennai firm at centre of fraud investigation

Germany’s Wirecard under S’pore probe for likely money laundering.

18 Mar 2019 4:12 AM

On March 5, Switzerland's Federal Tax Administration (FTA) has decided to grant "administrative assistance to India in respect of Geodesic Ltd and its three directors -- Prashant Sharad Mulekar, Pankajkumar Onkar Srivastava and Kiran Kulkarni, according to the official documents. (Representative Image)

Chandamama magazine owners in dock for money laundering charges

Geodesic Ltd and its three directors are being probed by the authorities for alleged money laundering.

11 Mar 2019 12:11 PM

In show-cause notices issued to the 14 former directors, the new management has charged them of having "sanctioned loans deceptively to external and group companies with the sole objective to infringe RBI guidelines of excessive exposure of IFIN to intra-group companies."

IL&FS board charges former directors of money laundering, criminal intent

The notices, dated February 27, have asked former directors to reply within seven days upon receipt.

05 Mar 2019 4:48 PM

Special Judge Arvind Kumar sought Enforcement Directorate's response on Rajeev Saxena's plea to become an approver. (Photo: PTI)

VVIP Chopper case: Rajeev Saxena moves Delhi court to become approver

Rajeev Saxena is one of the accused named in the chargesheet filed by ED in the AgustaWestland case.

27 Feb 2019 12:44 PM

The counsel also raised the issue of a large media contingent following Vadra during all his appearances and said that Robert Vadra is accompanied by a 'baraat' wherever he goes, whether to ED or to court. (Photo: File)

Robert Vadra skips ED summons due to ill health

Tulsi, who appeared for Vadra and Arora, had said that his clients have no problem in appearing for interrogation.

19 Feb 2019 2:18 PM

Investigation by ED revealed that accused Deepak S Kulkarni, his wife Hemanti D Kulkarni and son Shirish D Kulkarni and others formed eight partnership firms under the veil of DS Kulkarni Developers Ltd with the sole motive to collect the funds from gullible investors. (Representative Image)

ED attaches properties worth Rs 904 cr of DSK Group in money laundering case

The accused fraudulently collected deposits worth Rs 1,084 crore in guise of offering better returns during the period from 2006 to 2017.

15 Feb 2019 6:05 PM

The court has posted the matter for next hearing on February 28. (Photo: File / PTI)

Delhi Court sends Deepak Talwar to 14-day judicial custody in money laundering case

Deepak Talwar was extradited to India in cases involving alleged routing and misuse of Rs 90 crore.

14 Feb 2019 4:19 PM

The US currency was moved by couriers via cars, commercial buses, commercial planes and also a private plane. (Representational Photo)

3 Indian-Americans convicted in multi-million dollar money-laundering scheme

Three Indian-Americans are among six people convicted for their role in a two-year multi-million dollar money-laundering scheme.

13 Feb 2019 2:04 PM

"What steps Union government has taken? Is it still at the investigation stage? How long will it take to complete the investigation?," MP Bhartruhari Mahtab asked in the Lok Sabha during Zero Hour. (File Photo)

Lok Sabha: Bhartruhari Mahtab raises issue of alleged money laundering by Jay Panda

Mahtab alleged that Jay Panda, along with his wife and a family associate had opened an account in tax haven Bahamas in violation of rules.

12 Feb 2019 5:12 PM

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Syed Ata Hasnain