PMLA News

Bombay HC grants bail to Chhagan Bhujbal in PMLA case

Bombay HC grants bail to Chhagan Bhujbal in PMLA case

Bhujbal through his counsel Vikram Chaudhary argued that since the SC had last November struck down Section 45 of the Prevention of Money Laundering Act (PMLA), which required the accused to show that he is not involved in money laundering, his bail ...

PNB scam: ED files chargesheet against Nirav Modi, associates

PNB scam: ED files chargesheet against Nirav Modi, associates

Earlier, the ED had registered a money laundering case against Modi this year under the provisions of the PMLA, 2002 on the basis of the FIR registered by the Central Bureau of Investigation (CBI) under sections 120-B read with 420 of the Indian Penal ...and more »

Sebi eases market access for foreign investors in IFSC

Sebi eases market access for foreign investors in IFSC

NEW DELHI: With a view to facilitate ease of market access for foreign investors, markets regulator Sebi today allowed 'segregated nominee account structure' in international financial services centre (IFSC) for such investors to trade on stock exchanges.

ED files PMLA case in Rs 621-crore UCO Bank loan fraud

ED files PMLA case in Rs 621-crore UCO Bank loan fraud

The agency has filed a criminal complaint under the Prevention of Money Laundering Act (PMLA) after taking cognisance of a CBI FIR registered last month.NEW DELHI: The Enforcement Directorate has registered a case of money laundering in connection ...

PMLA case: Court issues fresh order to attach Mallya's properties

PMLA case: Court issues fresh order to attach Mallya's properties

The court had also held that Mallya's plea that he wanted to return to India but was “incapacitated” to travel as his passport had been revoked by the Indian authorities was “malafide” and “abuse of the process of law”. Mallya, who is reportedly in ...

Court issues fresh order to attach Mallya's properties in PMLA case

Court issues fresh order to attach Mallya's properties in PMLA case

But what about Air India lost Rs 40000 crores and totally mismanaged by appointing people on quota basis and all are held accountable as Public T... Read MoreWhatever Vijay Mallaya taken loan he has to pay back. But what about Air India lost Rs 40000 ...and more »

Sentences Under PCA, PMLA, FERA And Benami Property Law Should Run Consecutively, Not Concurrently: Petition ...

Sentences Under PCA, PMLA, FERA And Benami Property Law Should Run Consecutively, Not Concurrently: Petition ...

Every suspicious case of money laundering needs to be taken seriously and not wished away by the top management as has been the case during recent times. With rising incidents of corruption in India, cases of money laundering are bound to rise. Need of ...

Enforcement Directorate files PMLA case in Rs 621-crore UCO Bank loan fraud

Enforcement Directorate files PMLA case in Rs 621-crore UCO Bank loan fraud

The Rs 200-crore loan was issued for repayment of high cost debt to Central Bank of India, Punjab National Bank and IFCI. It was found that the company did not utilise the amount for the purpose for which it was disbursed and diverted the funds. No ...

Police probe aided attachment of Daman bootleggers' properties under PMLA

Police probe aided attachment of Daman bootleggers' properties under PMLA

Surat: Director general of police Shivanand Jha on Thursday instructed senior cops of state police to ascertain if provisions of Prevention of Money Laundering Act (PMLA) can be invoked against bootleggers in liquor seizures worth Rs 20 lakh ...

PNB Scam: ED attaches Nirav Modi's assets worth Rs. 171.26Cr

PNB Scam: ED attaches Nirav Modi's assets worth Rs. 171.26Cr

Earlier, the ED had registered a money laundering case against Modi this year under the provisions of the PMLA, 2002 on the basis of the FIR registered by the Central Bureau of Investigation (CBI) under sections 120-B read with 420 of the Indian Penal ...