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.
The bench, also comprising Justices Dinesh Maheshwari and C T Ravikumar, said it is enough if the ED discloses grounds at the time of arrest.
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.
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.
On Wednesday, the ED arrested Maharashtra's Minority Affairs Minister and NCP leader Nawab Malik in connection with the money laundering probe linked to the activities of Dawood Ibrahim, his aides and the Mumbai underworld.
In the last 17 years, 4,850 cases have been taken up for investigation under the PMLA. The investigation in these offences was carried out by using investigative tools as provided under the PMLA including 2,883 searches, he said.
Kolkata: The ED today attached assets to the tune of Rs 1,250 crore, including eight hotels and a Rolls Royce luxury car, in connection with its money laundering probe in the Rose Valley chit fund scam case where thousands of people were allegedly cheated in West Bengal and Odisha. Officials said the agency issued a […]
New Delhi:The Enforcement Directorate has issued an order that virtually gags its officials posted at its headquarters here from interacting with journalists and said non-adherence to the new directive would invite “punitive action”. ED Director Sanjay Kumar Mishra issued a one-page memorandum Tuesday asking all its officers posted in the headquarters and the headquarters’ investigation […]
New Delhi: The Supreme Court on Tuesday issued a notice to Centre seeking its stand on a plea filed by Congress MP Jairam Ramesh challenging the amendments made to the anti-money laundering law (PMLA) since 2015. Ramesh has filed an appeal in the Supreme Court after the Delhi High Court in February dismissed his plea […]
Mumbai: The Enforcement Directorate arrested Yes Bank founder Rana Kapoor under money laundering charges here in the early hours of Sunday, officials said. The banker was held under the provision of the Prevention of Money Laundering Act (PMLA) around 3 am as he was allegedly not cooperating in the probe, they said. Kapoor’s arrest at […]
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