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‘PMLA is Pradhan Mantri ki Lal Aankh’: Kapil Sibal slams money laundering law | India News – Times of India

adminMay 21, 202406 mins

NEW DELHI: In a scathing critique of the Prevention of Money Laundering Act (PMLA), Rajya Sabha MP Kapil Sibal has stirred controversy by claiming that the acronym stands for “Pradhan Mantri ki Lal Ankh” (PM’s glare).Speaking with ANI, Sibal questioned the efficacy and fairness of the PMLA, asserting that it deviates from its intended purpose…

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CaratLane contests ED notice on alleged FEMA violation – ET Retail

adminAugust 23, 202305 mins

CaratLane Trading, now majority owned by the Tata Group’s Titan, has challenged a show-cause notice (SCN) from the Directorate of Enforcement (ED) alleging that it had violated rules between 2011 and 2014 by receiving foreign direct investment (FDI), said people with knowledge of the matter. This predates Titan’s investment in CaratLane. Titan said recently it’s…