Page 2 - Money Laundering

ED attaches Shiv Sena MP Sanjay Raut's linked assets for money laundering

The ED has attached eight land parcels in Alibaug and a flat in Mumbai's Dadar suburb linked to Shiv Sena MP Sanjay Raut and his family under the anti-money laundering law, officials said on Tuesday.

Maharashtra minister Nawab Malik's jail custody extended till April 18

The NCP leader was in ED's custody till March 7 and was later sent to jail under judicial custody till March 21 which was later extended till April 4

Corruption: Needed thanedar, not chowkidar

PM Modi promised to act as chowkidar to reduce corruption, and bring in "good governance". Is the slogan working? Not quite

ED attaches assets of firm owned by brother-in-law of Maharashtra CM

Shridhar Madhav Patankar, the brother of Thackeray's wife Rashmi, "owns and controls" Shree Saibaba Grihanirmiti Private Limited: ED

Money-laundering case: Nawab Malik's judicial remand extended till April 4

Malik had moved the Bombay HC last week to quash the ED case and set aside a Special PMLA Court ruling sending him to custody in the case dating back to over 20 years, but his plea was rejected

Former Apple employee charged with defrauding tech giant $10 mn

A former Apple employee has been charged with defrauding the tech giant out of more than USD 10 million by taking kickbacks, stealing equipment and laundering money, federal prosecutors said

Nawab Malik's son Faraz skips ED summons for second time

The Enforcement Directorate (ED) had on Tuesday summoned Maharashtra Minister Nawab Malik's son Faraz Malik for questioning in connection with Dawood Ibrahim money laundering case

High Court denies interim relief to Nawab Malik in money laundering case

The Bombay High Court on Tuesday denied any interim relief to Maharashtra cabinet minister and NCP leader Nawab Malik in a money laundering case.

Tencent dives 10% on report of record fine for money laundering

Tencent itself has thus far mostly escaped formal regulatory action

ED investigating 7 cases of cryptocurrency usage in money laundering

The Enforcement Directorate is investigating 7 cases in which cryptocurrency has been used for money laundering and has so far attached proceeds of crime worth Rs 135 crore, Parliament was informed

Indian-American among 2 indicted in US for role in crypto money laundering

Two persons, including an Indian-American, have been indicted by a US court for their roles in a cryptocurrency money laundering scheme, the Department of Justice said. Lois Boyd, and Manik Mehtani -- both from Virginia -- face up to 20 years in federal prison. According to the indictment, Boyd and Mehtani are alleged to have conspired with others to receive victim money derived from a variety of fraud schemes and launder the proceeds through cryptocurrency. They allegedly have routinely structured deposits to avoid transaction reporting requirements and to conceal the nature and source of the criminal proceeds, the Department of Justice said. They allegedly exchanged the criminal proceeds for cryptocurrency and directed the cryptocurrency to wallets under the control of their foreign co-conspirators, it said. In August 2020, Boyd and Mehtani travelled to Longview, Texas, where they attempted to exchange more than USD 4,50,000 for Bitcoin. They were temporarily detained and the mo

Pakistan remains on FATF grey list for failing to meet some of its targets

The plenary on Friday decided against exonerating Pakistan from the category despite the country meeting 32 out of 34 action points, the Dawn newspaper reported on Saturday

Pakistan likely to remain on FATF's grey list for four more months: Report

Pakistan is now targeting the full completion of the 2021 action plan on anti-money laundering and combating terror financing by the end of January 2023

'Rs 19,111-cr assets attached out of total fraud by Mallya, Nirav & Choksi'

These figures were mentioned in the note submitted by Tushar Mehta in the SC, which is hearing arguments on a batch of petitions concerning the interpretation of certain provisions of PMLA

Nawab Malik appears before ED in connection with money laundering case

The ED had summoned the minister this morning, but the officials of the agency went to his house and brought him to its office

HC seeks ED stand on bail plea by former MD & CEO of YES Bank Rana Kapoor

Last month, the trial court had denied the relief of bail to Kapoor, noting that the allegations against him were most grave and serious in nature

Credit Suisse faces money laundering charges in cocaine traffickers trial

Swiss prosecutors say it did not take all necessary steps to prevent the alleged drug traffickers from hiding and laundering cash

After cryptocurrencies, money laundering via NFTs next big worry

After serious concerns were raised on cryptocurrencies and their misuse for money laundering and hawala-based transactions by terror groups and criminals

ED attaches Delhi-based journalist's property in money laundering case

Sharma, who was arrested by the agency in July last year, was granted bail in the case by the Delhi High Court last week.

Record number of searches in FY22 as tax offences get money laundering tint

With three months still to go for the year to end, total 'undisclosed income' is about Rs 32,000 cr, far eclipsing the FY19 level of Rs 18,600 cr