Prevention Of Corruption Act

The Delhi HC has differed from a 2023 Jharkhand HC's decision wherein it was held that the RP is a public servant under the prevention of corruption act.

ICICI Bank loan fraud: CBI files charge sheet against Kochhars, Dhoot

Opposing the CBI’s plea for remand, senior advocate Amit Desai, appearing for the Kochhars, had brought to the court’s notice a letter ICICI Bank wrote to the CBI in July 2021 stating that it incurred no wrongful loss in any of the transactions under question.

Satyendar Jain bail: SC directs sessions court to hear ED plea seeking transfer of hearing on September 22

The ED had arrested Jain and two others in a case based on a Central Bureau of Investigation (CBI) FIR lodged against the Aam Aadmi Party leader in 2017 under the Prevention of Corruption Act.

Govt issues SOPs for police officers to seek prior approval before probing corrupt public servants

The SOPs were issued to standardize and operationalise procedures with a view to achieving uniform and effective implementation for prior approval processes, more than three years after the amendments came into force.

Cong leader Ramesh Chennithala files graft complaint against Kerala CM Pinarayi Vijayan

Ramesh Chennithala told reporters that moving the court was the only way to "catch the culprits".

Prevention of Corruption Act deterring certain banks from taking honest decisions: FM

The Banking Regulation bill seeks to replace an ordinance which had conferred powers on the Centre to authorise the Reserve Bank of India to issue directions to banks to initiate insolvency proceedings against loan defaulters.

Reddy, associates remanded in judicial custody till Jan 17

A CBI court today remanded sand mining baron J Shekar Reddy and four others in judicial custody till January 17 in a fresh case relating to seizure of currency notes from his house here.

Banks will soon be armed better to resolve stressed assets: FM

Finance Minister Arun Jaitley today said banks, especially the public sector ones, will be armed better soon to resolve the stressed assets as he expects the winter session of Parliament to clear amends to the Prevention of Corruption Act (PCA).

No immunity to those earned money through corruption: FinMin

Persons who have earned money through corrupt practices cannot take advantage of the domestic black money disclosure scheme, says the Finance Ministry's FAQ on Income Declaration Scheme issued on May 20

Macro Economic Survey 2016: Govt taking steps to facilitate 'exit' for failed ventures

The Survey tabled in Parliament by Finance Minister Arun Jaitley said the government is looking to facilitate exit through a host of initiatives, including the new bankruptcy law, rehabilitation of stalled projects, proposed changes to the Prevention of Corruption Act as well as the broader JAM (Jan Dhan, Aadhaar and Mobile governance) agenda.

Measures taken to eliminate scope for graft: President

"While on the one hand, my government has taken measures to eliminate the scope for corruption, on the other hand, it has been unsparing in punishing those who are found guilty of corruption," he said in his address to the joint sitting of both Houses of Parliament on the opening day of the Budget Session.

Jaitley for expediting amendment to anti-corruption law

A bill to amend the law was introduced in Rajya Sabha earlier this month. The 1988-Act was a a pre-liberalisation law and it fails to distinguish between a corrupt decision and an erroneous decision, Jaitley said while delivering the Annual Lecture of the Intelligence Bureau here.

CBI files charge sheet in Bank of Baroda case

A CBI spokesperson said two former officials of Bank of Baroda have been named in the charge sheet. She said it is alleged that the remittances were made in violation of banking norms regarding overseas remittances of foreign exchange.

PSU Bank official, 3 pvt persons jailed in corruption case

The court said any attempt to cause wrongful loss to the public exchequer has to be dealt with sternly as public money was not for looting.

Coal scam: Court ticks off CBI for not supplying documents

The court's observation came after advocates representing some of the accused contended that they had not been supplied with an entire set of document filed by CBI in the case.

Opp guns for Raje as fresh document shows she backed Lalit

Stepping up the offensive against Raje, who had claimed she did not recall having signed such a document, Congress accused her of "repeatedly lying" and demanded her immediate resignation. "

Cabinet proposes to make graft a heinous crime

The Union Cabinet has proposed to make graft a heinous crime with prison term of up to a maximum of seven years. The Cabinet today approved several amendments to the Act.

Taxation policy has to be simpler and competitive: FM

"Our Taxation process has to be simpler to increase tax buoyancy. Our taxation policy has to be non-adversarial. The government does not intend to tax people retrospectively," Arun Jaitley said.

Manmohan Singh moves SC against summons in Coalgate

Singh could have challenged against the order of CBI trial court in the High Court, but he decided to appeal to the apex body directly.

JIPL misrepresented facts to acquire coal block: CBI

CBI said in its initial application form, the company had stated that one kiln of 100 tonne per day was in operation and two kilns were to be commissioned in April 2004, but in its agenda form, the firm said three kilns of 100 tonne per day were in operation and eight others were under installation.

Coalscam: CBI allowed to retain documents seized from JSPL

After lodging the FIR, CBI had carried out searches at four locations in Raigarh, Chhattisgarh. CBI has said that the case pertained to allocation of Gare Palma IV/1 coal block to the firm.

Huge blow to J Jayalalithaa, K'taka HC refuses bail

Denying bail to the convicted leader, the court said that there wasn't sufficient ground for awarding bail to her.

CBI charges Dayanidhi Maran, 8 others in Aircel-Maxis case

Court has fixed September 11 for consideration of the charge sheet. Malaysian business tycoon T Ananda Krishnan has also been named as accused in the CBI charge sheet.

CBI carries out searches at NSEL office, 15 locations

The searches were carried out after the agency registered a case of alleged criminal conspiracy to cheat a public sector unit (PEC) in the matter of floating fraudulent paired contracts for trading of agro commodity on the platform of NSEL, without actually undertaking any genuine trade.

Coal blocks scam: CBI charge sheets Navabharat Power

Besides Navabharat Power Pvt Ltd, its two directors - P Trivikrama Prasad and Y Harish Chandra Prasad were named in the charge sheet filed before Special CBI Judge Madhu Jain.