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Sunday, May 16, 2021

Prevention of Money Laundering Act (PMLA)


PMC Bank fraud: Enforcement Directorate provisionally attaches Rs 35.48 crore assets of Shinde’s kin

March 15, 2021 8:19 pm

The probe agency said it has provisionally attached assets of Priti Shroff and Raj Shroff, owners of Jindal Combines Pvt. Ltd and Orlando Trading Pvt. Ltd, under the Prevention of Money Laundering Act, 2002 (PMLA).

PMLA case: Ex-ICICI Bank CEO Chanda Kochhar granted bail

February 12, 2021 2:08 pm

Following her appearance, her lawyer Vijay Agarwal filed her bail application. The court allowed the same on a bond of Rs 5 lakh.

Prevention of Money Laundering Act: New and strengthened

September 08, 2019 4:32 am

In July 2019, the government widened the definition of ‘proceeds of crime’ in the form of amendments to the Finance Bill, 2019.

SC seeks Centre's stand on Jairam Ramesh's plea challenging amendments to PMLA by Money Bills

July 03, 2019 4:08 am

In his plea in the high court, Ramesh alleged that the amendments made to PMLA were "unconstitutional" and "illegal" as they have no relation to the money bill provisions enumerated in Article 110 of the Constitution.

ED to take possession of AJL land in Panchkula after PMLA authority approval

May 29, 2019 1:43 pm

The case pertains to the plot allotted to AJL in Panchkula in 1982 for the publication of Hindi newspaper 'Nav Jivan' on which no construction took place till 1992. The Haryana Urban Development Authority (HUDA) then took back possession of the plot.

PMLA case: Robert Vadra appears before ED for 5th time in Delhi

February 22, 2019 6:13 pm

During the last session, the businessman had told the investigating officer (IO) of the case that he was not well and hence, the recording of his statement was discontinued, the officials had said.

Fresh bail bids by money laundering accused after SC verdict

November 26, 2017 1:35 pm

Sudden spurt in bail pleas have led the Enforcement Directorate, which probes and prosecutes money laundering cases, to seek report and the status of such cases from its investigating officers.

Jewellers welcome govt's decision to remove industry from PMLA

October 07, 2017 6:21 pm

Under the PMLA, every reporting entity is required to maintain record of all transactions of value exceeding Rs 10 lakh, all cross border wire transfers of more than Rs 5 lakh and all purchase and sale of immovable property of Rs 50 lakh or more.

No longer under PMLA, jewellers hope for better business during Diwali

October 07, 2017 1:19 pm

Compared to last Diwali, when the price of gold was hovering between Rs 31,000 per 10 gram, the gold price is slightly lower this year, at Rs 29,300 per 10 gram. But jewellers are unsure whether the dip in the price will translate into business this festive season.

ED attaches former Punjab IAS officer’s assets

March 26, 2016 8:09 am

“The agency has attached assets worth Rs 97 lakh of Dr Swarn Singh, IAS, in the said case. This includes both movable and immovable assets"