Page 5 - Money Laundering Case

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

London or Londongrad? What makes the UK a hub for global 'dirty money'

According to reports, the 'questionable funds' in the UK amount to over $125 billion every year. What makes London a hub for money laundering? Find out here

Money laundering case: ED to produce Raut before special court in Mumbai

The Enforcement Directorate (ED) will produce Shiv Sena MP Sanjay Raut, arrested in a money laundering case, before a special court in Mumbai

Money laundering: Satyendar Jain withdraws interim bail plea, wife released

The special CBI court on Saturday noted that Satyendar Jain is getting discharged from the hospital today and wishes to withdraw the application for interim bail.

SSC scam: Partha Chatterjee, Arpita Mukherjee sent to jail till August 18

Special PMLA court judge Jibon Kumar Sadhu granted 14 days' judicial remand of Chatterjee and Mukherjee on a prayer by the Enforcement Directorate (ED).

Panel led by cabinet secy seeks more info on Central Electronics sale

Privatisation of state-owned firm held up after money laundering case against top bidder

WBSSC scam case: Partha, Arpita to remain in ED custody till Aug 5

The ED had sought four days of custody for Chatterjee and three days for Mukherjee, from whose apartments crores of rupees in cash and other valuables were recovered last month.

Party 'under siege', govt treating our leaders like 'terrorists': Congress

Congress leaders Jairam Ramesh, Ajay Maken and Abhishek Singhvi said it will not be intimidated by this kind of "cheap and petty politics" and will continue to raise people's issues.