A Bengaluru special court has remanded Ozone Urbana Infra Developers managing director Vasudevan Satyamurthy to ED custody till October 14 in a money laundering case in which the agency alleges that about Rs 927.22 crore collected from homebuyers was diverted through group entities. The allegations are untested.
The Enforcement Directorate has told the Bombay High Court that the recovery of assets worth over Rs 14,000 crore for banks from Vijay Mallya does not wipe out the pending money-laundering charges against him, arguing that a PMLA prosecution operates in a field distinct from the recovery of civil dues. Mumbai: The Enforcement Directorate (ED) […]
A Delhi court framed money-laundering charges against RJD chief Lalu Prasad Yadav, former Bihar Chief Minister Rabri Devi and Leader of the Opposition Tejashwi Yadav in the IRCTC hotels scam case, holding there was a strong suspicion of abuse of office, while discharging seven others. New Delhi: A Delhi court on Thursday framed charges under […]
The Delhi High Court quashed ED money-laundering proceedings against the Aristo Group, holding a PMLA case cannot survive once the predicate offence is closed, and calling the ED’s revival attempt a colourable exercise of power. New Delhi: The Delhi High Court has quashed the Enforcement Directorate’s money-laundering proceedings against the family and management of the […]
The ED filed prosecution complaints against Anil Ambani Group firms RInfra and RCom and ex-executives in two PMLA cases, pegging proceeds of crime in the RCom case at ₹40,185 crore. New Delhi: The Enforcement Directorate (ED) has filed prosecution complaints in two separate money-laundering cases involving the Anil Ambani Group companies Reliance Infrastructure Ltd (RInfra) […]
The Allahabad High Court quashed money laundering proceedings against Tulsiani Construction and its directors, holding that civil and commercial disputes cannot be converted into criminal prosecutions under the Prevention of Money Laundering Act. The Court also set aside the ED’s summoning and attachment actions.
Justice Prashant Kumar Mishra recused himself from hearing Jacqueline Fernandez’s plea in the Rs 200-crore money laundering case involving Sukesh Chandrashekhar, citing a conflict of interest arising from a connected matter. The Supreme Court directed that the case be listed on June 25 before a different Bench.