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.
Modus operandi employed by diamond jewellery businesses to launder money involves import of cheap, synthetic diamonds that are usually overvalued by over 100 times, it is learnt.
In the first eight months of the current fiscal year, New Delhi’s net tax intake didn’t even hit the halfway mark of what it expects to collect by March 31.
As Visakhapatnam readies a mega airport, the Andhra Pradesh government has revived its shelved Dagadarthi project, aiming to boost cargo and connectivity on the south coast.
Speaking at annual press conference, Army chief reiterated that India does not recognise 1963 Sino-Pakistan border pact under which Pakistan illegally ceded Shaksgam Valley to China.
UK, EFTA already in the bag and EU on the way, many members of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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