money laundering

money laundering News

14 ex-directors of IL&FS get notice for laundering, fraud, payoffs

The charges include specific instances of directors of a borrower entity, who also happened to be directors of IL&FS group companies, and a case where a large portion of the loan given to a company was later transferred into the account of its directors.

Delhi HC seeks ED reply to bail plea of scribe Upendra Rai in money laundering case

Rai was arrested on June 8 last year by the ED under the Prevention of Money Laundering Act, moments after he secured bail in a Central Bureau of Investigation case related to alleged extortion and dubious financial transactions.

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DSIIDC refers 68 cases of money laundering in liquor vends to Enforcement Directorate

According to an official statement, involvement of high-level officials of the DSIIDC in the alleged money laundering cannot be ruled out.

Court issues open-ended NBWs against Sterling Biotech owners in Rs 8,100-cr bank loan fraud case

The ED has registered the alleged bank fraud case against the firm SBL under sections of the Prevention of Money Laundering Act (PMLA). The accused are also being probed by the ED for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.

Deutsche Bank offices raided in money laundering probe

The prosecutors said they are looking at whether Deutsche Bank may have assisted clients to set up offshore companies in tax havens so that funds transferred to accounts at Deutsche Bank could skirt anti-money laundering safeguards.

Money laundering case: Year after I-T searches, ED books DK Shivakumar

More than 60 premises associated with Shivakumar were searched on August 1 last year, days before the Rajya Sabha elections in Gujarat.

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Former Pakistan President Asif Ali Zardari summoned in money laundering case

The FIA issued notices yesterday to the former president and his sister to appear at the agency's headquarters in Islamabad tomorrow. This is the fourth time they have been summoned, Dawn newspaper reported.

Money laundering case: Court grants bail to former Himachal CM Virbhadra Singh's son

The court has now put up the matter for further hearing on September 19. The court had on July 24 summoned Vikramaditya Singh and others to appear before it on August 27 in a money laundering case.

Pakistan key source of money laundering in UK: report

“We judge this will increase the likelihood that UK businesses will come into contact with corrupt markets, particularly in the developing world, raising the risk they will be drawn into corrupt practices,” says the report.

Former Himachal CM Virbhadra Singh seeks exemption from appearance in money-laundering case

The ED had filed the chargesheet against Singh (83), accusing him of projecting around Rs 7 crore -- "proceeds of crime" -- as agricultural income, in connivance with his wife and others, and investing the amount in LIC policies.

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