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Tuesday, November 5, 2024
TopicPrevention of Money Laundering Act

Topic: Prevention of Money Laundering Act

What happens to assets, cash seized by ED? A pre-poll promise by Modi sets off debate

Modi said ‘Rs 3,000 cr seized by ED will be returned to poor’ if BJP wins LS polls. ThePrint speaks to experts to find out if govt can give away assets seized by ED under PMLA.

‘Loyal citizen’: Geelani’s granddaughter, Shabir Shah’s daughter distance themselves from separatism

The two women have also said they are not affiliated to any organisation that is against the sovereignty of the Union of India.

ED arrests 5 ‘key’ PFI members, already in custody in NIA case, to probe money laundering

The five were aware of processes & activities connected with proceeds of crime & were arrested under PMLA, ED informs court. Gets custody for six days.

ED issues fresh summons to US millionaire Neville Roy Singham in NewsClick money laundering case

The businessman accused of spreading Chinese propaganda in India is stated to be currently based in Shanghai. This is understood to be 2nd summons issued to Singham by ED.

‘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.

‘Rigged’ games, billions in play, and 2 partners from Bhilai — ED probe in Mahadev online betting case

Policeman, 2 hawala operators arrested. IPS officers, officials linked to Chhattisgarh CMO under lens. Raids at locations including premises of CM Baghel’s political adviser Vinod Verma.

How Modi govt bill aims to get rid of 113 ways you could land in jail & put onus on fines instead

Key highlights from Jan Vishwas (Amendment of Provisions) Bill which seeks to decriminalise and rationalise offences under various laws to promote ease of doing business.

‘Bribe giver’ can be prosecuted under PMLA, accused party to ‘proceeds of crime,’ says SC

A three-judge bench of the SC overturned a Madras High Court verdict that quashed PMLA proceedings against a person who allegedly handed over Rs 50 lakh to a government servant.

Under Modi govt, ED’s public profile has changed. It has 4 times the staff, bigger budgets

In New Delhi, and all state capitals, the dictum was ‘those who live in glass houses never throw a stone.’ Modi govt has changed that.

ED arrests two ‘business associates’ of Satyendar Jain in money laundering probe

The 57-year-old was arrested by the Enforcement Directorate on 30 May under the criminal sections of the Prevention of Money Laundering Act and is in judicial custody at present.

On Camera

Trudeau is nursing snakes in his own backyard. Misguided Sikhs in Canada are losing the plot

By turning a blind eye to the snakes in his own backyard, Trudeau is setting the stage for a disaster of epic proportions for his country, his people, and the world at large.

Watch CutTheClutter: Flattening INR-USD rate, and debate on pros and cons of a ‘strong’ rupee

In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.

India carries out 1st patrol in Depsang since disengagement with China, to take things ‘slow’

While there are patrolling points (PP) 10, 11, 12, 12A and 13 in the Depsang Plains, the patrol in the region Monday was carried out to only one point as decided by India and China.

Xi wanted to teach India about imbalance of power. We should take a budgetary lesson from it

While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.