The Enforcement Directorate(ED) has again questioned former ICICI Bank CEO and her husband in an ongoing probe under Prevention of Money Laundering Act(PMLA). ED had registered the case against former ICICI Bank CEO under financial provisions of the PMLA.They are investigating whether she made any personal gains by alleged irregularities in the release of loans… Continue reading ED questions Kochhars again in loan case
Tag: ED
Fugitive Offenders Act won’t help banks: Mallya
Fugitive businessman Vijay Mallya has told the Bombay High Court that confiscation of his properties under the newly-enacted Fugitive Economic Offenders Act (FEOA) was draconian and it will not help the creditors. Earlier,he had approached the high court challenging a January 5 order of a special court under the Prevention of Money Laundering Act (PMLA)… Continue reading Fugitive Offenders Act won’t help banks: Mallya
VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
The Enforcement Directorate (ED) has arrested a defence agent in the Rs 3,600-crore AgustaWestland VVIP choppers deal case.He was arrested by ED under the Prevention of Money Laundering Act (PMLA). In 1999,Indian Air Force had floated a proposal for acquisition of 12 VVIP helicopters to ferry top government functionaries.In 2010,the deal was granted to AgustaWestland.… Continue reading VVIP chopper deal case: ED arrests another accused Sushen Mohan Gupta
ED slaps ₹14.40 lakh penalty, confiscates ₹6.8 lakh in FEMA case against Geelani
Enforcement Directorate(ED) has fined Hurriyat Conference leader Syed Ali Geelani and booked him under the Foreign Exchange Management Act (FEMA).He has been booked for illegal possession of foreign exchange under FEMA act,1999. The Foreign Exchange Management Act,1999 (FEMA) is an Act of the Parliament of India to consolidate and amend the law relating to foreign… Continue reading ED slaps ₹14.40 lakh penalty, confiscates ₹6.8 lakh in FEMA case against Geelani
Nirav extradition to start soon: ED
UK Home Secretary has certified India’s Enforcement Directorate(ED) extradition request for fugitive diamond dealer Nirav Modi.He is wanted in the Rs 13,500 crore Punjab National Bank (PNB) fraud case. Extradition is simply the surrender of a criminal to one country by another.The process is regulated by treaties between the two countries.Extradition is governed by the… Continue reading Nirav extradition to start soon: ED
