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Enforcement Directorate recorded former Indian cricketer Suresh Raina's statement under the Prevention of Money Laundering Act (PMLA) as part of the investigation linked to a sports betting app (application) named 1xBet.
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According to the agency, the funds collected were siphoned off and layered through a web of financial transactions among group entities to conceal their illicit origin.
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The amount of attachment by the investigation agency reached its highest level ever, with a near 2.5-fold time increase over the previous year, as the agency investigated 461 cases
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The bench said the object of Section 197 (1) of the CrPC was to protect public servants from prosecutions and it ensured they were not prosecuted for anything they did in the discharge of their duties
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The federal agency issued the penalty notice of Rs 54 lakh under section 13 of the Prevention of Money Laundering Act (PMLA)
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The judge passed the order after the Enforcement Directorate (ED) told the court that the accused was not required for further custody at the time and requested it to remand him in judicial custody
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A bench of justices Sanjiv Khanna and Dipankar Datta, which granted interim bail to Delhi Chief Minister Arvind Kejriwal in the money laundering case linked to alleged excise policy scam, said any undue indulgence and latitude to the Enforcement Directorate (ED) will be deleterious to the constitutional values of rule of law and life and liberty of people.
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The report titled ‘Curbing betting and gambling in India—A national security imperative’ is authored by Rashtriya Raksha University under the Ministry of Home Affairs, which was established by the Parliament Act No. 31 in 2020.
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While Binance’s penalty is yet to be decided, KuCoin which is fully registered has paid out Rs 34.5 lakhs in penalty and is now operational, said FIU-IND director Vivek Aggarwal.
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The agency has accused the three men of 'imparting' weapons training to the PFI cadre and receiving substantial funds from the proscribed organisation for the same
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An FIR lodged by the Central Bureau of Investigation (CBI), which accuses Arora of awarding a DJB contract to NKG Infrastructure Limited
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Its primary mandate is to serve as the central national agency responsible for receiving, processing, analysing and disseminating information relating to suspicious financial transactions. These transactions could be indicative of money laundering, terrorist financing, or other illegal activities.
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The FIU has charged the bank for its failure to "put in place an internal mechanism to detect and report suspicious transactions in the manner prescribed under the PMLA
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In the Supreme Court, Khanwilkar was a member of the collegium for over a year. When he retired in 2016, he was the third-most senior judge of the court.
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While confiscation of property derived from or involved in money-laundering is an important objective to give effect to the PMLA, an unclear interpretation could strip a person of his legally acquired assets
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Balaji, arrested by the Enforcement Directorate (ED) in June last year, was produced before the local court through video conferencing from the Central Prison here.
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On December 30, a court in Delhi court granted the relief to the Vivo executives observing that the accused were not produced before the court within 24 hours of the arrest, hence their "custody was illegal"
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Sitharaman informed the House that as of March 31, 2023, legal suits were filed for recovery against 13,978 loan accounts, action under the SARFAESI Act has been initiated in 11,483 cases, FIRs have been filed in 5,674 cases, and an aggregate amount of Rs 33,801 crore has been recovered.
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The finance ministry said that the process of registration for off shore crypto exchanges and virtual digital asset service providers has been initiated
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Munjal's lawyers made the statement while the high court was hearing an application by ED seeking status quo of the assets they had attached on November 10.
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A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued to attach the properties that are worth a total of Rs 39.24 crore, as per the circle rate, the central probe agency said in a statement.
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The High court .in the interim order, noted that since the Director of Revenue Intelligence's (DRI) complaint, which is the genesis of ED's investigation, has itself been stayed by the HC on November 3, the ED proceedings need to be stayed as well.
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The money laundering law’s wide embrace has the potential to make it an obstacle in the ease of doing business in the country
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Singh was under investigation by the federal agency as part of the case lodged under the Prevention of Money Laundering Act (PMLA) against an educational trust run by his wife and former legislator Kanta Andotra, they said.
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The prosecution complaint was filed by the federal probe agency before the special Prevention of Money Laundering Act (PMLA) court in Raipur on Friday, official sources said.
