In its first prosecution complaint after Hans's arrest in October, ED says the firm that won the contract to supply smart meters in Bihar in 2022-2023 routed Rs 60 crore bribes to him.
Proceeds of crime, in the case of property, has been explicitly defined as those obtained or derived out of a criminal activity amounting to scheduled offence, says judge.
On Wednesday, Justice Manoj Kumar Ohri stayed the trial proceedings against P. Chidambaram in the Aircel-Maxis case, citing the SC’s November ruling in the Bibhu Prasad case.
It quashed a lower court order accepting TN police's closure report in a 2012 cheating case against Santiago Martin based on which ED had started its anti-money laundering probe.
Apart from social media posts, news reports & other open sources have also contributed massively to ED’s attempt to curb rerouting of illicit money over the last five years.
Report by Financial Action Task Force highlights long-pending trials & shows India hasn't adapted to updated practices to prevent misuse of non-profit organisations in terrorist financing.
In the raids on locations linked to Sanjeev Hans, about Rs 85-90 lakh cash, 13 kg of silver bullions & incriminating documents like details of hawala transactions were seized, it is learnt.
While one sale deed showed value of property at Rs 13.4 crore, a copy of another from seized mobile of his associate pegs it at Rs 36 crore, alleges federal agency.
ED had alleged that senior advocate received Rs 1.34 crore from Saradha Group without paperwork. Lawyers getting fees from tainted individuals not uncommon, says judge.
Crowded cities are rich because there is greater division of labour. The extent of the division of labour depends on the size of the market, wrote Sauvik Chakraverti in 2002.
With 20.2 percent of its total loans in default by the end of last year, Bangladesh had the weakest banking system in Asia. Despite reforms, it will take time to recover.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
What happened to this news ?? This also seems to have been buried under the money power by companies and bureaucracy nexus. No update here and all involved parties including listed companies going scot-free
Why single out Sanjeev Hans? IAS, IPS, IFS, IRS and officers of other such UPSC cadres are usually corrupt. Almost all of them have assets worth hundreds of crores.
Our politicians are evil but they are not sophisticated. Hence, they get caught.
But our bureaucrats are both evil and uber-smart. Despite looting the nation, they go around scot-free and their heads held high.
What happened to this news ?? This also seems to have been buried under the money power by companies and bureaucracy nexus. No update here and all involved parties including listed companies going scot-free
Why single out Sanjeev Hans? IAS, IPS, IFS, IRS and officers of other such UPSC cadres are usually corrupt. Almost all of them have assets worth hundreds of crores.
Our politicians are evil but they are not sophisticated. Hence, they get caught.
But our bureaucrats are both evil and uber-smart. Despite looting the nation, they go around scot-free and their heads held high.