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147 Results Found
  • Court refuses bail to Ambience group promoter in money laundering case Sep 10, 2021 11:05 PM IST

    Court refuses bail to Ambience group promoter in money laundering case

    The ED case against Gehlot, who is also a promoter of the Ambience Mall in Gurugram, is based on a 2019 FIR of the Anti-Corruption Bureau of Jammu against AHPL and its directors for alleged money laundering in the construction and development of the five-star Leela Ambience Convention Hotel located near Yamuna Sports Complex in Delhi.

  • ED summons Mehbooba Mufti's mother Gulshan Nazir in money laundering case Aug 06, 2021 05:30 PM IST

    ED summons Mehbooba Mufti's mother Gulshan Nazir in money laundering case

    This is the second time she has been summoned by the ED. The central agency had earlier summoned the People’s Democratic Party (PDP) chief’s mother for questioning on July 14.

  • Gautam Thapar, Avantha Group promoter, arrested by ED in money laundering case Aug 04, 2021 07:55 AM IST

    Gautam Thapar, Avantha Group promoter, arrested by ED in money laundering case

    Avantha Group promoter Gautam Thapar was arrested under provisions of the Prevention of Money Laundering Act (PMLA) after the ED carried out raids against him and his linked businesses in Delhi and Mumbai.

  • ED attaches London hotel worth Rs 58.6 crore in Unitech Group money laundering case Jul 30, 2021 03:05 PM IST

    ED attaches London hotel worth Rs 58.6 crore in Unitech Group money laundering case

    The London-based ‘Bed and Breakfast’ hotel was attached by the ED in connection with the Unitech Group money laundering case.

  • Nulane Investment: Interpol issues red notice against Gupta brothers in South Africa fraud case Jul 05, 2021 04:44 PM IST

    Nulane Investment: Interpol issues red notice against Gupta brothers in South Africa fraud case

    The case relates to procurement fraud involving 24.9 million rand, paid between November 2011 and April 2012 by the Free State Department of Agriculture to Nulane Investment.

  • China arrests over 1,100 suspects in crackdown on cryptocurrency-related money laundering Jun 10, 2021 10:00 AM IST

    China arrests over 1,100 suspects in crackdown on cryptocurrency-related money laundering

    China's Payment & Clearing Association said on Wednesday that the number of crimes involving the use of cryptocurrencies is on the rise.

  • INX Media: Delhi court issues summons to P Chidambaram, son Karti in money laundering case Mar 24, 2021 05:55 PM IST

    INX Media: Delhi court issues summons to P Chidambaram, son Karti in money laundering case

    Special Judge M K Nagpal issued summons against the senior Congress leader, his son and others directing them to appear before court on April 7.

  • Mehbooba Mufti moves Delhi HC challenging ED summons issued in money laundering case Mar 09, 2021 07:57 PM IST

    Mehbooba Mufti moves Delhi HC challenging ED summons issued in money laundering case

    The 61-year-old PDP leader, who was released last year after more than a year in detention following the scrapping of Jammu and Kashmir's special status, has been served notice to appear at the ED headquarters in the national capital.

  • ED summons Mehbooba Mufti on March 15 in money laundering case Mar 05, 2021 09:00 PM IST

    ED summons Mehbooba Mufti on March 15 in money laundering case

    The case has been filed under the Prevention of Money Laundering Act, officials said.

  • Vijay Mallya extradition| UK says legal process has to be followed through, can't shortcut that Mar 05, 2021 07:17 PM IST

    Vijay Mallya extradition| UK says legal process has to be followed through, can't shortcut that

    Asked about what kind of issue was holding up Mallya's extradition, the British envoy said, 'There is a process going on. I think it is a legal process and has to be followed through, can't short cut that. That is why you have legal processes.'

  • Crown Resorts money laundering case: CEO Ken Barton resigns Feb 15, 2021 05:35 PM IST

    Crown Resorts money laundering case: CEO Ken Barton resigns

    In a report after an year-long inquiry for the state gaming watchdog in New South Wales, former Judge Patricia Bergin had recommended an overhaul of Crown before it began gaming operations at its new A$2.2 billion Sydney casino. 

  • Viva Group money-laundering probe: Enforcement Directorate takes Rana Kapoor into custody Jan 27, 2021 06:55 PM IST

    Viva Group money-laundering probe: Enforcement Directorate takes Rana Kapoor into custody

    YES Bank co-founder remanded to custody until January 30. ED to grill him on loans given to HDIL for renovation of a newly constructed building in a Mumbai suburb

  • Enforcement Directorate raids Viva group in connection with PMC bank Jan 22, 2021 11:18 AM IST

    Enforcement Directorate raids Viva group in connection with PMC bank

    Viva group is mainly into real estate, hotel, education, and owns Tab Cab.

  • Topsgrup, promoter Rahul Nanda under ED scanner for money laundering: Report Jan 18, 2021 12:28 PM IST

    Topsgrup, promoter Rahul Nanda under ED scanner for money laundering: Report

    ED investigation found that Nanda “has siphoned Rs 186 crore from Topsgrup companies through remittances to his personal accounts and accounts of friends and family.”

  • ED raids multiple locations in Kashmir in J&K Bank money laundering case Nov 21, 2020 07:14 PM IST

    ED raids multiple locations in Kashmir in J&K Bank money laundering case

    The central probe agency covered a total of seven locations-- six in Srinagar and one in Anantnag district-- as part of the searches conducted under the Preve.

  • How global online trading platforms and commodity exchanges are being used to launder money Oct 08, 2020 02:21 PM IST

    How global online trading platforms and commodity exchanges are being used to launder money

    After the crackdown on long-term capital gains and illiquid options trading, these exchanges have become the new conduits for individuals and entities looking to cook their books or turn black money into white.

  • Enforcement Directorate gets custody of three people in Kerala gold smuggling-money laundering case Aug 05, 2020 05:37 PM IST

    Enforcement Directorate gets custody of three people in Kerala gold smuggling-money laundering case

    The ED has got the custody of Sarith PS, Swapna Suresh and Sandeep Nair who were arrested by the National Investigation Agency (NIA) earlier in this case, officials said.

  • India made all-time high requests to foreign agencies during 2018-19 for info on tax evasion, money laundering: Report Jul 24, 2020 05:45 PM IST

    India made all-time high requests to foreign agencies during 2018-19 for info on tax evasion, money laundering: Report

    The Financial Intelligence Unit (FIU), the federal economic snoop agency under the Union finance ministry, sent 289 legal requests to its counterparts across the globe during 2018-19 as compared to 177 in 2017-18 and 138 in 2016-17.

  • Enforcement Directorate files money laundering case in Medanta hospital land allotment case Jun 10, 2020 10:10 PM IST

    Enforcement Directorate files money laundering case in Medanta hospital land allotment case

    The central probe agency has registered a criminal case under the Prevention of Money Laundering Act (PMLA) after going through a June 6 FIR of the Gurgaon police that has been filed against Global Health Private Ltd and others.

  • 5 anti-money laundering trends to look out for Jun 04, 2020 04:20 PM IST

    5 anti-money laundering trends to look out for

    This is a sensitive time for the regulatory authorities to watch out for Anti-Money Laundering (AML) activities

  • Tech | What to expect from Facebook’s Libra 2.0? May 12, 2020 03:28 PM IST

    Tech | What to expect from Facebook’s Libra 2.0?

    While the Libra Association has come out with a new digital currency, expect authorities running fiat currencies to continue their criticism

  • Cryptocurrency | SC judgment brings short term respite Mar 05, 2020 10:47 AM IST

    Cryptocurrency | SC judgment brings short term respite

    The Supreme Court judgment paves the way for the revival of the cryptocurrency ecosystem in India only theoretically. Whether or not it will be catalytic to the crypto-industry will have to be seen.

  • ED attaches assets worth Rs 1.15 cr of Bihar-based Naxalite Feb 21, 2020 08:15 PM IST

    ED attaches assets worth Rs 1.15 cr of Bihar-based Naxalite

    A provisional order for attachment of the properties, including a truck and multiple plots of land, has been issued under the Prevention of Money Laundering Act.

  • Policy | Attempts to decriminalise PMLA bad for India Jan 30, 2020 01:19 PM IST

    Policy | Attempts to decriminalise PMLA bad for India

    India will be subject to mutual evaluation at the FATF later this year. A positive outcome for India is very crucial in its quest to become a major player internationally, particularly in securing a more transparent and stable financial system.

  • Bank fraud: ED attaches over Rs 56-cr assets of Ahmedabad company Nov 09, 2019 02:19 PM IST

    Bank fraud: ED attaches over Rs 56-cr assets of Ahmedabad company

    Kakkad had incorporated various shell companies and these firms were used for layering of money and for purchase of various immovable properties, the agency alleged.

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