After raids, central agency arrested two WinZO directors under money laundering charges; company allegedly tried to shift operations to US to evade ban on real-money games in India.
Nehal Modi, an accused in Rs 13,000 cr PNB fraud case, allegedly directed and facilitated movement of funds, appointed dummy directors & told them to make false statements.
Dissolution amounts to overreach, allows sister firm to escape liability. Experts disagree, say keeping firm alive just to face liability unreasonable, as promoters face action anyway.
The court emphasised the distinct nature of money laundering offences under PMLA, saying that bail in a predicate offence does not guarantee relief in money laundering cases.
CBI laid trap for assistant director-level officer with ED after an individual under investigation accused him of demanding bribe of Rs 55 lakh. Vishal Deep narrowly evaded arrest Sunday.
In a prosecution complaint, the ED claimed that the Congress leader's aides collected at least 1.35 percent of the 'commission' collected on each tender for him.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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