Tag: Money Laundering

Earlier, the EOW officials had recorded the testimony of another Bollywood actress Nora Fatehi in the matter.

The CBI had also conducted raids in Mumbai, Pune and in several other parts of the country in connection with the case.

The bench added that money laundering is one of the heinous crimes, which not only affects the social and economic fabric of the nation, but also tends to promote other heinous offences, such as terrorism, offences related to NDPS Act, etc.

Earlier in the day, Sonia reached the ED's headquarters at around 12.10 p.m and was questioned by a team of additional director Monika Sharma.

Vivo has told the court that the circulation of the news about the ED searches has maligned its image among its suppliers and customers, "leading to reputational and financial loss, and irreparable damage to the years of goodwill developed" by it.

Sonia Gandhi, who is presently in hospital due to Covid related health issues, has also been summoned on June 23 in the same case.

Gandhi also said that the late Congress Treasurer Motilal Vora was engaged in all these sorts of affairs. Vora held 12 per cent stake in YI, while Rahul Gandhi and his mother and party chief Sonia Gandhi had 76 per cent stake.

Sonia Gandhi has also been summoned in the matter.

The Minister was being taken to the ED headquarters when he felt uneasy outside the court and was taken to the hospital.

Jain was placed under arrest by the ED on Monday evening in connection with the Prevention of Money Laundering case pertaining to disproportionate assets lodged against him and others.

The arrested included the "mastermind" of the group, Proshanta Kumar Halder, accused of perpetrating a bank fraud in the neighbouring country to the tune of 10,000 crore Bangladeshi taka.

A day after being arrested in a PMLA case, Jharkhand mining secretary Pooja Singhal was suspended from the Indian Administrative Services (IAS).

In the latest action against fintech companies controlled by Chinese, who had been providing short term loans and were allegedly involved in money laundering, the Enforcement Directorate (ED) on Wednesday said that it has attached assets worth Rs 6.17 crore lying in various accounts, merchant IDs belonging to the accused companies and persons.

The CBI had said that it was a well-planned conspiracy by the accused. On the basis of this, the CBI in 2021 filed a case against the management of the bank and its chairman.

Later the ED initiated a probe of money laundering on the basis of the FIRs lodged by the Kerala Police. The ED official said that the offences under Section 420 of the IPC is scheduled offence of the PMLA, 2002.