NEW DELHI: Ahead of formally launching a money-laundering investigation, the Enforcement Directorate Thursday detained Puneet Jaggi, one of the promoters of Gensol Engineering, which operated BluSmart cab services, to question him on alleged Foreign Exchange Management Act violations. The probe is to ascertain if Gensol diverted funds for acquiring foreign exchange.While Puneet was picked up…
Sonia and Rahul Gandhi (ANI file photo) NEW DELHI: The Enforcement Directorate (ED) on Saturday said it has begun proceedings to take possession of properties worth over Rs 700 crore belonging to Associated Journals Limited (AJL) in National Herald case, a company linked to Congress leaders Sonia Gandhi and Rahul Gandhi. The assets include prime…
NEW DELHI: Taking strong exception to ED making “inadvertent” submissions contrary to the provisions of PMLA on grant of bail to minors, women or sick people in money laundering cases, Supreme Court on Wednesday said the agency intended to keep accused in jail and declared that it would not tolerate such “frivolous submissions”.SG Tushar Mehta…
NEW DELHI: After Tamil Nadu police’s withdrawal of an FIR against lottery king Santiago Martin in an alleged corruption case, now Enforcement Directorate has hit a new hurdle with Kolkata police filing a closure report in two FIRs against Martin and his company citing “want of evidence”.In the absence of a predicate offence (police FIR…
NEW DELHI: In a rare instance, ED is set to move SC in a case related to Santiago Martin — the Chennai-based ‘lottery king’ who earlier this year turned out to be the single biggest contributor to political parties with Rs 1,368 crore in electoral bonds — asking the top court to recall its 2023…
NEW DELHI: Granting bail to two men recently in a money laundering case, Delhi high court has ruled that the stringent twin tests for grant of bail under Section 45 of Prevention of Money Laundering Act, 2002 (PMLA) cannot be invoked as a tool to indefinitely detain accused persons when there is a delay in…
NEW DELHI: “They (ED officers) should remember that there is something called Article 21 in the country (which guarantees right to life and liberty),” Supreme Court on Monday told the agency while expressing concern over the way in which PMLA was being implemented and made it clear that any high-handedness against any accused in violation…
NEW DELHI: Observing that rigorous bail provisions in statutes like PMLA, anti-terror law UAPA and NDPS Act cannot become a ‘tool’ to keep an undertrial accused in jail for unreasonably long time, Supreme Court on Thursday held that the requirement of expeditious disposal of cases must be read into these statutes as inordinate delay in…
NEW DELHI: Sending a clear message that irrespective of the seriousness of offence, an accused has to be released if statutory procedure is not followed by the investigating agency while arresting him, Supreme Court on Friday directed release of Bhushan Steel promoter Neeraj Singal in a money laundering case for allegedly defrauding financial institutions of…
NEW DELHI: Posing tough questions to former Jharkhand CM Hemant Soren who has challenged his arrest in an alleged money laundering case relating to illegal possession of 8.8 acres in Ranchi, Supreme Court on Tuesday said since the chargesheet had been taken cognisance of, the trial court was prima facie satisfied that an offence was…
