Money Laundering

Ex-Pak President Asif Ali Zardari's Sister Arrested Over Laundering Case

World News | Press Trust of India | Saturday June 15, 2019

Pakistan's top anti-graft body has arrested sister of former president Asif Ali Zardari in a case related to money laundering through fake bank accounts.

Probe Agency Files Money Laundering Case In Alleged Ponzi Scheme Fraud

India News | Press Trust of India | Friday June 14, 2019

The Enforcement Directorate has filed a case of money laundering in an alleged ponzi scheme in Karnataka, involving the IMA Jewels, which left thousands of gullible investors in the lurch, officials said on Friday.

Indian Agencies Desperate To Stick Charge Against Me: Zakir Naik

India News | Press Trust of India | Wednesday June 12, 2019

Controversial Islamic preacher Zakir Naik, booked by the Enforcement Directorate for money laundering, Tuesday claimed investigating agencies were "desperately" trying to get "something to stick on him" on the instructions of their "political bosses".

Former Pakistan President Asif Ali Zardari Sent To 11-Day Remand

World News | Press Trust of India | Tuesday June 11, 2019

Pakistan's former president Asif Ali Zardari was sent on a 11-day physical remand by an accountability court on Tuesday, a day after he was arrested in a multi-million dollar money laundering case.

Nirav Modi "Not The Hardened Criminal" As India Claims, Says His Lawyer

India News | Press Trust of India | Tuesday June 11, 2019

The UK High Court on Tuesday began hearing fugitive diamond merchant Nirav Modi's appeal against a lower court's order to deny him bail as he fights his extradition from Britain to India in the nearly USD 2 billion Punjab National Bank (PNB) fraud and money laundering case.

High Security Cell Ready For Nirav Modi In Mumbai Prison: Report

India News | Press Trust of India | Tuesday June 11, 2019

Authorities at the Arthur Road jail in Mumbai have kept barrack number 12 ready if fugitive diamond merchant Nirav Modi is extradited from the UK in connection with the Punjab National Bank (PNB) fraud and money laundering case, a home department official said today.

Fresh Chargesheets Against Gautam Khaitan For Holding Undisclosed Assets

India News | Press Trust of India | Tuesday June 11, 2019

The Income-Tax Department has filed four fresh chargesheets against lawyer Gautam Khaitan, an accused in the multi-crore VVIP chopper deal scam, on charges of tax evasion and possession of undisclosed bank accounts in Singapore, official sources said Tuesday.

Aviation Case: Probe Agency Questions Praful Patel For 9 Hours On Second Day

India News | Press Trust of India | Tuesday June 11, 2019

Former civil aviation minister and NCP leader Praful Patel was grilled by the Enforcement Directorate for over nine hours on Tuesday, the second day of his questioning, in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam, officials said.

Praful Patel Questioned By Probe Agency In Alleged Aviation Scam

India News | Written by Arvind Gunasekar | Tuesday June 11, 2019

Praful Patel, the former Minister of Civil Aviation, was on Monday questioned in connection with the Enforcement Directorate probe into money laundering allegations in the controversial Air India and Indian Airlines merger deal which took place during Mr Patel's tenure as the minister.

Chanda Kochhar Fails To Appear Before Probe Agency, To Be Summoned Again

India News | Press Trust of India | Monday June 10, 2019

Former ICICI Bank CEO Chanda Kochhar today skipped her scheduled appearance before the Enforcement Directorate in a money laundering case probe, citing bad health, the officials said.

Praful Patel Appears Before Probe Agency In Alleged Aviation Scam Case

India News | Press Trust of India | Monday June 10, 2019

Former civil aviation minister and NCP leader Praful Patel today appeared before the ED in connection with a money laundering probe related to losses suffered by Air India as part of an alleged multi-crore aviation scam, officials said.

Probe Agency Summons Chanda Kochhar On June 10 Over Money Laundering Case

India News | Press Trust of India | Saturday June 8, 2019

Former ICICI Bank CEO Chanda Kochhar has been asked to depose before the Enforcement Directorate or ED next week as the agency has decided to expand its probe into the money laundering case involving the bank and Videocon group by questioning some more officials of the private lender, officials said Saturday.

Cryptocurrency Ban: Draft Law Proposes 10-Year Jail for Dealing in Bitcoin, Other Cryptocurrencies

Indo-Asian News Service | Saturday June 8, 2019

Holding, selling, or dealing in cryptocurrencies such as Bitcoin could soon land you in jail for 10 years.

Enforcement Directorate Files Case Against Media Owner Raghav Bahl

India News | Reported by Arvind Gunasekar, Edited by Chandrashekar Srinivasan | Saturday June 8, 2019

Raghav Bahl has responded by writing a letter to Finance Minister Nirmala Sitharaman in which he said he is "getting the sense of being hounded for doing no wrong despite paying all taxes honestly and diligently"

Delhi Court Orders Withdrawal Of Look Out Notice Against Rajiv Kochhar

India News | Press Trust of India | Friday June 7, 2019

A court in Delhi today directed concerned authorities to withdraw the Look Out circular (LOC) against Rajiv Kochhar, brother-in-law of former ICICI Bank CEO Chanda Kochhar, in an alleged bank loan fraud and money laundering case.