According to ED, large-scale misappropriation of funds was orchestrated at the said branch, primarily by the branch manager, B Shobha, on the instructions of R M Manjunatha Gowda.
Former Air Canada manager Simran Preet is said to be part of a nine-member gang suspected to be behind sensational $20 million gold heist from Toronto airport.
ED alleged in affidavit before SC that Balaji’s legal team dragged on examination of witness, a state govt forensic expert, for three months in ‘deliberate attempt to delay trial’.
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.
Jharkhand govt revoked suspension of Singhal, who will contribute to Dept of Personnel, Administrative Reforms & Raj Bhasa. Meanwhile, there's a palpable discomfort in Congress ranks.
In strong words against the law enforcement agency, the bench said the ED's charge 'falls flat' and called its proceeds of crime theory in the case an 'enigma'.
The top court's censure was directed at the ED in the case of Sashi Bala, after the agency contended that the stringent bail conditions under Section 45 of the Act applied to women.
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.
Sitharaman tells Lok Sabha govt recovered Rs 14,131 cr from Vijay Mallya alone. She also addresses concerns about inflation, GDP growth & possibility of slowdown in manufacturing.
Randeep Surjewala, in response to whose question the data was provided, said this shows Centre was misusing ED. An ED officer attributed low conviction rate to 'long legal process'.
Islamabad-based think-tank PICSS's new report says Pakistan saw 'pronounced escalation' in violence last year, with 3,413 conflict-related deaths compared to 1,950 in previous year.
UK, EFTA already in the bag and EU on the way, almost every member of RCEP except China signed up, and even restrictions on China being lifted, India has changed its mind on trade.
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