Page 6 - Money Laundering

PMC Bank fraud: ED summons Sanjay Raut's wife for questioning on Dec 29

The ED has summoned Varsha Raut, wife of Shiv Sena MP Sanjay Raut, for questioning in the PMC Bank money laundering case on December 29, officials said on Sunday

US Fed orders Credit Suisse to strengthen anti-money laundering policies

The order directs the bank to adopt a formal plan to overhaul its policies within 90 days to ensure it is appropriately monitoring for illicit activity

Rs 9.6 mn penalty on PayPal for violating anti-money laundering processes

The penalty was issued by India's Financial Intelligence Unit (FIU)

Court refuses to cancel NBWs against business tycoon Shravan Gupta

The court dismissed Gupta's application seeking cancellation of the NBWs, saying it was 'without any merit'

BTC-e cryptocurrency founder given a 5-yr prison term for laundering funds

Alexander Vinnik was arrested in July 2017 while vacationing in a summer resort in northern Greece.

Vijay Mallya's property in France worth Rs 14 crore seized, says ED

Investigations under the Prevention of Money Laundering Act revealed that a large amount was remitted abroad from the bank account of Kingfisher Airlines for creation of the asset.

ED asks court to deem Iqbal Mirchi's family as fugitive economic offenders

Mirchi, his family and others are being probed by the ED under the criminal sections of the Prevention of Money Laundering Act (PMLA).

DRI to discuss trade-based money laundering with global peers on Friday

Global representatives would include those from the Australian Border Force and customs administration of the Netherlands, the finance ministry said

ED raids PFI chairman, locations in 9 states in money laundering case

The ED on Thursday raided at least 26 premises in nine states linked to the Popular Front of India (PFI).

YES Bank money-laundering case: ED arrests Cox & Kings promoter Kerkar

The Enforcement Directorate will produce Kerkar in the Mumbai sessions court on Friday

ED arrests close aide of Shiv Sena MLA Sarnaik in money laundering case

The Enforcement Directorate (ED) has arrested a close aide of Shiv Sena MLA Pratap Sarnaik named Amit Chandole, in an alleged money laundering case related to private company Tops Security

ED raids premises of Shiv Sena MLA's son in money laundering case

The Enforcement Directorate (ED) on Tuesday carried put searches at over 10 locations in Maharashtra on Tops Group promoters and related members, including some politicians, officials said

Plea in SC seeks life imprisonment for offences like bribery, tax evasion

A petition has been filed before the Supreme Court seeking a direction to the Centre to ascertain the feasibility of confiscating black money, benami properties and disproportionate assets. The petition, which is likely to come up for hearing in the coming days, has also sought life imprisonment for offences such as bribery, black money, benami property, tax evasion, money laundering, profiteering, grain hoarding, food adulteration, human and drug trafficking, black marketing and cheating. The petition was filed by Ashwini Kumar Upadhyay in view of corruption watchdog Transparency International placing India at 80 in Corruption Perception Index earlier this year. Due to weak and ineffective anti-corruption laws, India has never been ranked even among top the 50 in the Corruption Perception Index but the Centre has not strengthened the laws to weed-out the menace of corruption, which brazenly offends rule of law as well as right to life, liberty and dignity guaranteed under Articles

Enforcement Directorate conducts searches in Goa in land grab case

The Enforcement Directorate said it has conducted searches in a money laundering complaint linked to an alleged land grab and cheating case in Goa

Global money laundering monitor says coronavirus fraud on the rise

The international organisation that monitors protections against money laundering and terrorism financing said Friday that fraud related to coronavirus is on the rise.

IT dept unearths undisclosed transactions worth Rs 105 cr of Srinagar group

The searches were conducted at 15 residential and business premises, out of which 14 were in Srinagar and one in Delhi

Deepak Kochhar withdraws plea in Delhi HC to quash FIR in laundering case

Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, withdrew from the Delhi High Court his plea seeking quashing of FIR in connection with the ICICI Bank-Videocon money laundering case

India investigated zero foreign bribery cases between 2016 and 2019: Report

India figures in list of countries with worst track record in dealing with foreign bribery, according to Transparency International

DHFL lenders brace for haircut after foreign bidders back out of race

Only two firms in race for retail, wholesale, and slum rehabilitation authority portfolio

India scores zero on bribery of foreign officials: Transparency Int'l

Country fails to open account in four years till 2017 on five metrics, bribery of foreign public officials not criminalised at all despite India being bound by UNCAC rules