November 15, 2024
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Tag: money laundering

Karnataka CM Siddaramaiah’s wife Parvathi offers to surrender 14 plots amid money laundering probe | India News – Times of India

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Parvathi Siddaramaiah, wife of Karnataka chief minister Siddaramaiah. NEW DELHI: Parvathi Siddaramaiah, wife of Karnataka chief minister Siddaramaiah, has written to the Mysore Urban Development Authority (MUDA) offering to surrender 14 compensation plots allotted to her amid ongoing land allotment controversy.In her letter, Parvathi said, “I wish to surrender and return the compensation plots by…

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Supreme Court grants bail to former TN minister Senthil Balaji in money laundering case | Delhi News – Times of India

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NEW DELHI: The Supreme Court on Thursday granted bail to former Tamil Nadu minister V Senthil Balaji in a money laundering case. Balaji was arrested by the Enforcement Directorate (ED) last year.A bench of Justices Abhay S Oka and Augustine George Masih set strict conditions for Balaji’s release. The Supreme Court’s decision came after hearing…

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FATF urges India to reduce pending laundering cases | India News – Times of India

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NEW DELHI: While lauding India on most counts, Financial Action Task Force (FATF), the global money laundering and terror financing watchdog, has called for efforts to reduce pending money laundering cases and recommended “major changes” to address prosecution in terror financing cases.FATF’s Mutual Evaluation Report on India, released on Thursday, noted that the main sources…

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Adani Group denies fresh Hindenburg allegations of freeze on Swiss bank accounts – Times of India

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NEW DELHI: Adani Group late Thursday night denied allegations by New York based short-seller Hindenburg Research that Swiss authorities have frozen more than $310 million in funds across half a dozen Swiss bank accounts as part of a money laundering and securities forgery investigation into the group, dating back as early as 2021.Hindenburg made the…

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Swiss authorities freeze more than $310 million linked to Adani Group in money laundering probe, says Hindenburg – Times of India

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Swiss authorities froze over $310 million across six Swiss bank accounts in connection with an investigation into money laundering and securities forgery allegations linked to the Adani Group, alleged Hindenburg Research citing recently released Swiss federal criminal court records.The US short-seller stated that the investigation, which began in 2021, has provided insights into financial practices…

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ED seizes Rs 55cr assets of expelled DMK functionary in drug case | India News – Times of India

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NEW DELHI: Enforcement Directorate has attached Rs 55 crore assets – a hotel, bungalow and several high-end vehicles – of expelled DMK functionary Jaffer Sadiq in Chennai in a money-laundering case related to allegedly running a drug cartel that smuggled pseudoephedrine and ketamine. The anti-money laundering agency has accused Sadiq of being involved in smuggling…

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Money laundering at RG Kar now comes under CBI lens | Kolkata News – Times of India

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KOLKATA: CBI has started probing alleged money laundering through academic funds diversion and disposal of bio-medical waste in RG Kar Hospital during arrested ex-principal Sandip Ghosh‘s tenure.CBI has come across allegations of the hospital’s funds being drained in counselling sessions for UG and PG students. In a 20-day counselling session, the hospital allegedly spent Rs…

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