News:Government has set up a 19-member Inter-Ministerial Coordination Committee for better cooperation among government departments to curb money laundering. Facts: About the committee: The committee will be chaired by the revenue secretary. It will have four other government secretaries of the departments of financial services, economic affairs, corporate affairs and external affairs who will be… Continue reading Govt sets up high-level panel to check money laundering activities
Tag: Money laundering
ED questions Kochhars again in loan case
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
ED to review loans sanctioned during Chanda Kochhar’s tenure
Enforcement Directorate(ED) has decided to expand the scope of investigation by reviewing all loans sanctioned during former ICICI MD Chanda kochhar’s tenure. ED had registered the case against Chanda Kochhar under financial provisions of the Prevention of Money Laundering Act (PMLA).They are investigating whether she made any personal gains by alleged irregularities in release of… Continue reading ED to review loans sanctioned during Chanda Kochhar’s tenure
