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Thursday, March 28, 2024
TopicPMLA

Topic: PMLA

‘Alert, not alarmed,’ says SC after Modi govt & ED caution against pleas challenging PMLA judgment

Last year, SC upheld provisions of Prevention of Money Laundering Act (PMLA). Law officers argue a 3-judge bench cannot revisit ruling by a similar bench. Case to be heard on 24 November.

‘Clandestine, vindictive’: What SC said in scathing order on ED arrest of realty firm M3M’s promoters

Basant & Pankaj Bansal were arrested under Prevention of Money Laundering Act on 14 June 2023. Their arrest was quashed by the Supreme Court this week.

ED expected to be ‘transparent, not vindictive’, must furnish grounds of arrest to accused, says SC

Apex court is also seized of petitions seeking review of its July 2022 judgment upholding wide & sweeping powers entitled to Enforcement Directorate under Prevention of Money Laundering Act.

Tamil Nadu minister V Senthilbalaji arrested after ED raids, CM Stalin calls it ‘vindictive politics’

TN minister's office in state secretariat & residence were raided in 'cash-for-jobs scam'. He was later hospitalised after complaining of chest pain. TMC, Congress, AAP condemn the raids.

Govt panicking on FATF review. Bringing chartered accountants under PMLA won’t help India

The FATF has given legitimacy to mass surveillance. There is little evidence across the world on the ability of a mass surveillance system to solve a problem.

‘Kept behind bars over 2 yrs without trial’ — court order granting bail to Yes Bank founder Rana Kapoor

Judge noted Kapoor's ‘undue incarceration’ in loan fraud case and said CBI & ED had ‘never taken any care to follow the true spirit of PMLA'.

What SC said in order dismissing Rana Ayyub’s plea against summons by Ghaziabad court

While hearing the case about funds received by Ayyub via crowdfunding for Covid relief, the court said there is “serious factual dispute” over places where offence was committed. 

Journalist Siddique Kappan to walk out on bail Thursday as Lucknow court signs release order

The sureties for the release of Kerala journalist Kappan on bail have been approved by in the special PMLA court and the release order has been sent to jail, said the journalist's lawyer.

‘Illegally disbursed loans, web of companies’ — what CBI, ED are probing against the Kochhars

Former ICICI Bank CEO, MD Chanda Kochhar, her husband were arrested by CBI Friday for irregularities in loans worth Rs 3,250 crore sanctioned to the Videocon Group between 2009-12.

Did Modi govt just ‘strengthen ED’s hand’? Order on sharing info with more agencies sparks fears

Earlier this month, Union govt added 15 more to list of institutions with which ED may share case-related information. These include NIA, MEA, CVC & National Intelligence Grid.

On Camera

Social media has made news more graphic. Torture by Russian military is latest example

Before social media, depiction of violence on news was the exception—graphic visuals were either not shown on TV or in newspapers or the images were blurred. This is no longer the case.

Profit margins in lottery industry are tiny. Here’s how Future Gaming paid for its electoral bonds

Neither state govts nor companies earn large profits from lotteries. However, a look at the system shows there’s ample evidence of murky dealings and financial irregularities. 

BRO connects new axis to Ladakh, to be shortest route

The all-weather Nimmu-Padam-Darcha Road will connect Manali to Leh through Darcha and Nimmu on Kargil-Leh Highway.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.