Yuva Sai Sagar

Online news channel!

Tag: enforcement

ED seizes Rs 26 crore assets of arms dealer Sanjay Bhandari

The Enforcement Directorate (ED) today said it has seized assets worth Rs 26.61 crore of controversial arms dealer Sanjay Bhandari and others for alleged violation of the FEMA law.It said it has seized the properties “in lieu of undisclosed assets held abroad by him” and the action has been carried out under section 37A of the Foreign Exchange Management Act (FEMA).Section 37A of the FEMA stipulates that if certain foreign exchange, foreign security or immovable property is held outside India in violation of this law, the equivalent value of asset can be seized within India. The ED had booked Bhandari, reported to have left India for a foreign location sometime ago, under criminal charges of the PMLA law in February this year as also under the FEMA.The Delhi Police had also booked him for alleged violation of the Official Secrets Act (OSA) last year. Bhandari’s case first came to light after the I-T department conducted searches against him in April last year and recovered certain “sensitive” official defence documents from his premises. As part of these raids, the taxman is also said to have recovered certain emails that talk about renovation of a costly apartment in London in 2010 which was allegedly owned by Robert Vadra, brother-in-law of Congress President Rahul Gandhi.Also readED attaches assets Rs. 21 crore of arms dealer Sanjay Bhandari case in black money caseVadra’s legal firm has denied that he owned the London property directly or indirectly. It also denied Vadra has any business ties with an arms consultant or his aides. The tax department had last year also shared a “seizure memo record” with the defence ministry to apprise it about the contents of these “sensitive” documents.

Join the discussion<!–end of artlbotbor–>

ED files chargesheet against businessman Gagan Dhawan

The Enforcement Directorate filed a chargesheet on Saturday against Delhi-based businessman Gagan Dhawan in connection with a Rs 5,000 crore money laundering case.Additional Sessions Judge Sidharth Sharma, before whom the final report was filed by ED special public prosecutor Nitesh Rana, took cognisance of the document and posted the matter for hearing on January 3, 2018.Dhawan, who was arrested on November 1, was sent to judicial custody on November 15 by the court after the probe agency said he was not needed for further custodial interrogation.The ED had alleged that Dhawan had facilitated the directors of Gujarat-based pharma firm Sterling Biotech Ltd (SBL) in the purchase of several properties and helped in misuse and diversion of the credit facilities of several banks totalling Rs 5,000 crore.”Rs 1.5 crore was received by the accused from the SBL group. Prior to that, the amount of bank loans was rotated in various group companies of SBL group,” the ED had claimed.The ED registered the case against him after taking cognisance of the case filed by Central Bureau of Investigation (CBI) against the pharma firm, its directors and several other persons in connection with the alleged bank fraud case.On August 25, the ED officials raided Dhawan’s office and that of a former Congress MLA Sumesh Shokeen in money laundering case.The firm and Dhawan are also being probed for allegedly bribing senior income tax department officials as part of an earlier criminal complaint.The FIR has alleged that the total pending dues of the group companies were Rs 5,383 crore as on December 31, 2016.

Join the discussion<!–end of artlbotbor–>

ED files charge sheet against Misa Bharti, husband

More trouble lay in store for Rashtriya Janata Dal chief Lalu Yadav’s family on Saturday with the Enforcement Directorate (ED) filing a charge sheet against his daughter and Rajya Sabha MP Misa Bharti and her husband in a money laundering case. The ED action came on a day a Ranchi court convicted Yadav in a fodder scam case.Bharti, her husband Shailesh Kumar and their company Mishail Packers and Printers Pvt Ltd, among others, were named in the charge sheet filed in a Delhi court for allegedly laundering Rs 1.20 crore.The case was registered by the ED following investigations into a complaint filed by Serious Fraud Investigating Office (SFIO) about a Rs 8,000 crore money-laundering racket involving two Delhi-based brothers, Surendra Kumar Jain and Virendra Jain, who were accused of using shell companies to help others route money.The ED had earlier attached a farmhouse ‘Palam Farms’ in south-west Delhi belonging to the couple in connection with the case.The Jain brothers, who were arrested, were accused of laundering unaccounted money through the process of placement of funds, layering of transactions and final integration of laundering money into the banking channel camouflaged as legitimate share premium transactions, the ED said.The ED investigation found that 1.20 lakh shares of Mishail Packers and Printers Pvt Ltd were bought during 2007-08 and 2008-09 at Rs 100 per share by four shell companies, three of which were managed by the Jain brothers. These shares were later bought by Bharti at Rs 12 per share in 2009.It said a chartered accountant Rajesh Agrawal, who “mediated and provided” Rs 90 lakh to the Jain brothers in advance so as to invest in Mishail Packers and Printers Pvt Ltd as share premium while another has provided Rs 30 lakh to Santosh Kumar Shah, who was running the fourth shell company.According to the ED, the couple have “laundered unaccounted money of Rs 1.20 crore by taking accommodation entries from Jain Brothers and Shah, through mediators, in the form of share capital and share premium by various shell companies controlled by them.”The agency later conducted searches in several places. “Mishail Packers and Printers Pvt Ltd was registered at the address 25, Tuglak Road, New Delhi till the shares were brought by Bharti. It was only during the year 2009-10 that the address was changed to Farm No. 26 Palam Farms. Misa Bharti and Shailesh Kumar were the directors of the company during the relevant period,” an ED statement said

Join the discussion<!–end of artlbotbor–>

Zero loss theory was disproved in 2012 itself: Arun Jaitley

The Modi government has come down heavily on the Congress, for treating the 2G verdict as a “badge of honour”, while the party has a “history of corruption”.Ridiculing the Congress claim that its stand of ‘no corruption’ in 2G case stands vindicated, after the acquittal of all accused on Wednesday, Finance Minister Arun Jaitley said: “There is nothing for Congress party to boast. Zero loss theory was disproved way back in 2012.”While Jaitley noted that the verdict held that nobody was guilty in the case, he added that agencies would take an appropriate decision, taking facts and history into account.Jaitley also chose to impress upon that the Enforcement Directorate has already said it will appeal against the judgment while a CBI spokesperson said it would study the verdict and take a decision over it soon.”Its history is of corruption. Facts have proven it. Congress leaders are treating the judgment like a badge of honour and certification that the 2G spectrum allocation policy was an honest policy,” he said.The minister said he was reacting to political aspects of the case and cited the details of the allocation policy of the UPA government and the Supreme Court verdict in February 2012 quashing all allocations.The official twitter handle of the BJP also put out details of the 2012 order.Citing the verdict, Jaitley said it was a corrupt and dishonest policy intended to promote corruption was upheld by the apex court. Each allocation was quashed as arbitrary and unfair, he said.He also pointed out that the criminal case was launched on the Supreme Court’s order, he said.Rejecting former Telecom Minister Kapil Sibal’s “zero loss” claim in the allocation, Jaitley said it was disproved by the subsequent allocation by the BJP-led NDA government, fetching Rs 1.10 lakh crore in 2015 and Rs 66,000 crore in 2016.He said the 2G scam order is not a certificate for the 2G allocation policy of being an honest policy. “The Supreme Court upheld the policy as corrupt, dishonest, arbitrary, unfair and intended to cause loss to the exchequer. All 2G licences were quashed,” Jaitley said.BJP leader Subramanian Swamy, one of the petitioners on whose plea a CBI probe was ordered in 2G case, said government should immediately appeal in the Delhi High Court against the acquittal.”Congis (sic) and allies celebrated JJ HC acquittal. Then in SC got deflated. Same will be here,” Swamy tweeted.Telecom Minister Manoj Sinha said the fate of the 122 telecom licences of eight operators that were cancelled in 2012 will be decided based on the investigative agencies’ take on acquittal of all the accused in the case. Appearing unfazed by the lower court acquitting former telecom minister A Raja and 15 others on charges of corruption and cheating in sale of 122 spectrum licences in 2008, Sinha said the government anti-corruption watchdog CVC had investigated the allocations and had found faults with them.The 2001 ‘first-come-first-serve’ policy was altered to ‘first-come-first-pay’ in 2008, he said, reacting to the court verdict.Spectrum was allocated through auction thereafter and the collections during NDA rule were 10 per cent higher than the UPA regime, he said.

Join the discussion<!–end of artlbotbor–>

2G scam verdict: CAG report triggered furore over 2G

A report by the Comptroller and Auditor General (CAG) on allocation of 2G licences pegging the presumptive loss to Rs 1.76 lakh crore in November 2010 triggered the political slugfest which led to the arrest of A Raja within three months in February in 2011.The CBI had registered an FIR in 2009 but did not name any accused. As the agency failed to take any action the CAG report opened the floodgates for the opposition to slam the UPA government.Petitions were filed in the Supreme Court that eventually began monitoring the investigations by CBI and the Enforcement Directorate.Regular status reports were filed by the investigating agencies in the apex that finally culminated in the charges being filed against then Telecom Minister A Raja, DMK leader Kanimozhi for being part of the conspiracy and receiving kickbacks.Parts of the CAG report were leaked before it was tabled in Parliament creating a furore. It finally became the basis on which criminal action was initiated as it gave a blow-by-blow account of how Raja bypassed procedures, ignored suggestions from Prime Minister Office (PMO), Ministries of Law and Finance.The report was taken by the Public Accounts Committee of Parliament. There was no consensus and it was rejected by one vote by the committee.

Join the discussion<!–end of artlbotbor–>

PMLA case: Enforcement Directorate attaches properties worth Rs 245 cr

The Enforcement Directorate (ED) has attached properties worth Rs 244.89 crore of Balasore Alloys Ltd in lieu of the proportionate share of Pramod Kumar Mittal and Global Steel Holding Ltd (GSHL) in the company in a money laundering case related to defrauding State Trading Corporation (STC).Earlier on the basis of an FIR registered by CBI, STC had agreed to finance GHSL without checking the financial health of the company when it sought financing facility. GSHL availed the financing facility for purchase of raw material for their Philippine-based steel plants on cash and carry basis.”As per the agreement, raw material had to be lifted only upon payments to STC whereas raw material was supplied despite payments not being made. Thus GSHPL was favoured by violating RBI guidelines and STC exposed itself to financial risk,” the ED said in a statement.The total default mounted up to Rs 2,112 crore.An FIR was accordingly registered in March this year and thereafter a case of money laundering was registered in ED against Pramod Kumar Mittal, Global Steel Holdings Limited and STC officials.Following preliminary investigations 87,47,285 shares of Balasore Alloys Ltd having face value of Rs 4,37,36,423 (market value of Rs 62.10 crore pertaining to Mittal and GHSL) were frozen in May 2017.Investigations have revealed that Mittal and GHSL are holding 30.35 percent of the shareholding of Balasore Alloys Ltd through various Indian and foreign promoter and investment companies and thus have proportionate share of 30.35 percent in the fixed assets of the company.”Accordingly proportionate share of Mittal and his company GHSL in Balasore Alloys Ltd which includes building, plant and machinery valued at Rs 244.89 crore has been attached in lieu of the proceeds of crime,” the agency stated.MONEY LAUNDEREDSTC had agreed to fund GHSL without checking its financial health. GHSL used the money to buy raw material but didn’t make the payments leading to a default of Rs 2,112 crore.

Join the discussion<!–end of artlbotbor–>

FEMA violation case: ED summons Syed Ali Shah Geelani

The Enforcement Directorate (ED) has summoned hardline Hurriyat Conference leader Syed Ali Shah Geelani to appear before it on December 18 for adjudication proceedings related to a foreign exchange violation case involving USD 10,000 “illegally” possessed by him in 2002.The foreign currency was seized during an Income Tax raid at his residence in Srinagar’s Hyderpora area in 2002.The central probe agency, early this year, issued a notice under various sections of the Foreign Exchange Management Act (FEMA) to the 87-year-old separatist leader based in Srinagar in Jammu and Kashmir.Geelani, who heads the hardline faction of the Hurriyat Conference, has been asked to either appear in person or through his legal representative before the agency in Srinagar on December 18.The adjudication notice has asked him to “explain or produce documents or evidences, as may be useful for or relevant to the subject matter of enquiry”.The notice, issued by the Enforcement Assistant Director in Srinagar Deepak Chauhan, said if he failed to appear on the date, “adjudication proceedings shall proceed against the noticee (Geelani), exparte”.Geelani can be penalised up to three times the amount contravened under the FEMA after these proceedings end.The ED took up the case after taking cognisance of the Income Tax report and issued summons to Geelani to appear before it in Srinagar in March this year.The agency earlier said that Geelani’s counsel had submitted a written reply and “denied” the recovery of foreign currency from his residence and seizure.”Following further summons, his chartered accountant submitted the appeal documents confirming the recovery and seizure of foreign currency. However, he failed to furnish legitimate source for its acquisition and possession thus making himself liable for action under FEMA,” an ED statement earlier said.Under the FEMA, foreign exchange dealings are regulated in India and the acquisition and possession of foreign exchange by resident Indians are required to be conducted in accordance with the general or special permission.”Geelani did not have any such permission or bona fide explanation for acquisition and possession of the foreign currency.”Therefore, he has been asked to show cause to the adjudicating officer under FEMA within 30 days as to why the recovered currency should not be confiscated and penalty imposed on him,” the agency said.

Join the discussion<!–end of artlbotbor–>

Ex-Delhi Cong MLA Rajesh Jain routed Rs 8 crore black money post demonetization: ED

A former Congress MLA allegedly routed and laundered black money to the tune of over Rs 8 crore post demonetization as part of his purported nexus with Delhi-based lawyer Rohit Tandon and others, an ED investigation has found.The MLA, Rajesh Jain, was arrested by the Delhi Police crime branch last month in a post-demonetization illegal funds case. The Enforcement Directorate (ED) now will soon seek his remand from a court and question him at length, official sources said. He is at present in judicial custody.Investigation revealed that Jain and his son Prateek are proprietors of firms named Jai Jinendra Sales and Srinivas Sales and “during demonetization these firms received money to the tune of Rs 8.71 crore (Rs 8.56 crore by RTGS and Rs 15 lakh in cash) from firms where the demonetised cash of Rohit Tandon was deposited,” an ED report said. This amount, it said, was allegedly transferred and laundered to various other firms in a very “short duration.” Agency sources said a detailed questioning of Jain is required to “unravel the entire conspiracy that was chalked out to illegally convert black funds into white in the wake of demonetization.”The agency had also conducted searches at the premises of Jain in Delhi in May as part of its probe against Tandon and few others, whom it had booked and arrested under the Prevention of Money Laundering Act (PMLA).The ED had alleged that Tandon and the other accused in the case “conspired so that demonetised currency would be collected and deposited in various accounts of the firms which have huge cash in hand, and from those accounts demand drafts in fictitious names would be issued.” The probe also found, the report said, that Jain and Mittal were “instrumental in picking demonetised cash of Tandon between November 14-19 last year from various place at evening and night and the same cash was transported and deposited in various bank accounts of shell companies.” The Enforcement Directorate took over the case and registered an FIR under PMLA after taking cognisance of Delhi Police crime branch FIR on alleged fake accounts with deposits worth Rs 34 crore.Last year, the Crime Branch had registered a case of cheating and forgery against lawyer Tandon, Ashish, a bank manager, Kamal Jain, Dinesh Bhola, Raj Kumar Goel, R C Sharma, Yogesh Mittal and Jain. They had allegedly conspired to exchange the demonetised Rs 1,000 and Rs 500 notes for new notes that were introduced and to earn a huge profit by illegal means. The case was registered to unearth the organised rackets that were exchanging old currency.In a raid conducted on December 10 last year, Rs 13.5 crore was seized from a law firm’s office in southeast Delhi’s GK-I area, of which Rs 2.6 crore was in new currency released after demonetization.The raid was carried out at the office of T&T law firm owned by Tandon. Jain, the crime branch had said, was arrested for allegedly conspiring with Tandon to make illegal money transactions by using fake bank accounts worth Rs 50 crore. It was found during investigation that the forged documents and shell company accounts were used to carry out huge transactions to earn huge profits, they had said.

Join the discussion<!–end of artlbotbor–>

Controversial meat exporter Moin Qureshi gets bail in money laundering case

Controversial meat exporter Moin Qureshi was today granted bail by a Delhi court in a money laundering case.Special judge Arun Bharadwaj, who had reserved the order on Qureshi’s application on December 4, gave him the relief on a personal bond of Rs two lakh and a surety of a like amount.The Enforcement Directorate had earlier this month opposed the bail plea of Qureshi, saying he could hamper the ongoing investigation, after which the court had reserved its verdict.ED special counsel N K Matta had alleged that Qureshi, arrested on August 25, should not be granted the relief as the allegations levelled against him were grave and there were chances that he may flee from justice if enlarged on bail.In his bail application, the accused had told the court that no purpose would be served by keeping him in further custody. He had said that the probe in the case was over and he was not required further by the ED.Also readMoin Qureshi extorted more than Rs 5 crore from businessman Pardeep Koneru for ex-CBI chief A P SinghThe ED had earlier claimed in the court that “the witnesses have confirmed in their statements that they have delivered crores of rupees for Qureshi and his associates through his employees….”The agency had also alleged that Qureshi was involved in hawala transactions through Delhi-based hawala operators Parvez Ali of Turkman Gate and M/s South Delhi Money Changer (DAMINI) in Greater Kailash-1.Also readMoin Qureshi took help of a CBI director to extort Rs 5.7 crAccording to the agency, Qureshi was arrested under the provisions of the Prevention of Money Laundering Act (PMLA) a he was “not cooperating in the probe”.

Join the discussion<!–end of artlbotbor–>

Non-bailable warrant against Sasikala’s husband M Natarajan

A court here today issued a non- bailable warrant (NBW) against M Natarajan, husband of deposed AIADMK leader V K Sasikala, and three others in connection with a case of evasion of duty while importing a luxury car from the UK 23 years ago.The Eighth Additional Judge of the Principal Special Court for CBI cases, A Thiruneelaprasad, issued the NBW based on a November 17 Madras High Court order, upholding the trial court order sentencing the accused to two years in prison in the case.The counsel for the CBI approached the court, seeking issuance of NBW citing the recent Madras High Court order.Natarajan and three others were convicted for conspiracy, forgery, cheating and tax evasion and sentenced to two years in jail in the case by the court in 2010. All the accused appealed against the CBI court order.When the pleas came up before the high court on November 17, it had dismissed their petitions and directed the trial court to secure the accused and remand them in judicial custody to undergo the remaining period of the sentence, if any.The case relates to the import of a Toyota Lexus car in 1994, declaring it as a “used vehicle” and thereby allegedly evading tax to the tune of Rs 1.06 crore. The CBI and the Enforcement Directorate registered separate cases against Natarajan and three others after it was found that the documents presented by them were fabricated.According to the CBI, Natarajan, his nephew V Bhaskaran, Yogesh Balakrishnan and Sujaritha Sundararajan substituted the original sale invoice with a photocopy of an invoice fabricated by changing the vehicle’s manufacturing date to July 1993.They cleared the car under transfer of residence provision, and thereby caused a loss of Rs 1.06 crore to the exchequer by way of short levy, penalty and redemption fine, the CBI said.
Lorem ipsum dolor sit amet, consecwq tetur adipiscing elit, sed do eiusmod tempor incididunt ut labore
Yogi Adityanath

–>

Join the discussion<!–end of artlbotbor–>

Hotel scam: Lalu Prasad’s wife and ex-Bihar CM Rabri Devi likely to appear before Enforcement Directorate today

Former Bihar Chief Minister and wife of RJD President Lalu Prasad Yadav Rabri Devi has been summoned by the Enforcement Directorate (ED) to appear before the sleuths at their Patna office on Saturday for questioning in the alleged land for railways hotel scam case.Rabri, who has skipped multiple summons to appear before the ED officials in New Delhi, had challenged the investigating agencies to come to Patna, if they wanted to question her. She had said she would not appear before them in Delhi, however many notices they sent, and they would have to come to Patna for interrogating her.She had alleged that the Centre was using the government machinery to “implicate her family.”The ED had sent the last summon to Rabri on November 24. Sources said Rabri will be quizzed by a two member team from Delhi, assisted by local ED officials. This will be Rabri’s first interrogation by the ED and the officials are likely to record her statement. She was recently quizzed by the Income-Tax officials over other Benami property allegations.Rabri is a co-accused in the scam, which pertains to allocation of maintenance of railways hotel in Ranchi and Puri in exchange of gratification during Lalu’s tenure as the Union railways minister in 2004. Lalu, his son and former Bihar deputy CM Tejashwi Prasad Yadav, former Union minister Premchand Gupta and his wife Sarla Gupta, are also accused in the case. The ED had registered a case against them under Prevention of Money Laundering Act (PMLA) in July this year.The ED has already questioned Tejashwi in this case.
Lorem ipsum dolor sit amet, consecwq tetur adipiscing elit, sed do eiusmod tempor incididunt ut labore
Yogi Adityanath

–>

Join the discussion<!–end of artlbotbor–>

ED conducts raids at six places in Aircel-Maxis case

The Enforcement Directorate (ED) on Friday conducted raids at six places in Chennai and Kolkata in connection with its money laundering investigation into the Aircel-Maxis case.Two out of the four places raided in the city belongs to Dr Sadayavel Kailasam, brother of former Union Finance Minister P Chidambaram’s wife Nalini, the sources said, adding others being searched in the city were identified as S Sambamoorthy and Ramji Natarajan. The ED officials also searching two places in Kolkata connected to Manoj Mohanka.The ED sources said that the raid was connected to the case pertaining to the FIPB approval granted in 2006 by Chidambaram during his tenure as Finance Minister in the Congress led UPA government.It had alleged that FIPB approval in the Aircel-Maxis FDI case was granted in March 2006 by then Finance Minister even though he was competent to grant approval for the project up to Rs 600 crore and beyond it should be granted by the Cabinet Committee on Economic Affairs. However, in the case of the approval for the $800 million (over RS 3,500 crore) Aircel-Maxis FDI, it was not obtained from the CCEA, it alleged.Chidambaram has on several occasions maintained that his approval was in normal course.
Lorem ipsum dolor sit amet, consecwq tetur adipiscing elit, sed do eiusmod tempor incididunt ut labore
Yogi Adityanath

–>

Join the discussion<!–end of artlbotbor–>

Sasikala’s husband M Natarajan admitted to hospital after Madras HC upholds jail term in luxury car case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A day after Madras High Court sentenced him for two-years-imprisonment in a two-decade-old luxury car import case, jailed AIADMK leader VK Sasikala’s husband M. Natarajan is admitted to the hospital.He is admitted to Gleneagles Global Health City where underwent dual organ transplant last month.Sources said that he was admitted after he complained of some uneasiness. He was discharged from the hospital on November 2 after the successful organ transplant.Natarajan and three others were convicted of conspiracy, forgery, cheating and tax evasion and sentenced to two years in jail in the case by a CBI court in 2010.The case relates to the import of a Toyota Lexus car in 1994, declaring it as a used vehicle and thereby allegedly evading tax to the tune of Rs 1.06 crore.The CBI and Enforcement Directorate had registered separate cases against Natarajan and three others after it was found that the documents presented by them were fabricated.According to CBI, Natarajan, along with three others –his nephew V Bhaskaran, Yogesh Balakrishnan and Sujaritha Sundararajan substituted the original sale invoice with a photocopy of an invoice fabricated by changing the vehicle’s manufacturing date to July 1993.They cleared the car under transfer of residence provision, and thereby caused a of Rs 1.06 crore to the exchequer by way of short levy, penalty and redemption fine, the CBI said.

Paradise papers: Government orders probe

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The government announced on Monday a multi-agency investigation headed by the Central Board of Direct Taxes (CBDT) chairman, after media reports quoted leaked financial documents called the Paradise papers that show alleged offshore dealings of 714 Indian individuals and entities. The government said the multi-agency group would also have representatives from the Enforcement Directorate, the Reserve Bank of India and the Financial Intelligence Unit.A collective of international journalists obtained the Paradise Papers from Bermuda-based offshore law firm Appleby and Singapore’s business consulting company Asiaciti. The Finance Ministry said that the investigation units of the Income Tax Department have been alerted to take note of revelations for immediate appropriate action.The Congress attacked the government as the leaked documents also name Union Minister of State for Civil Aviation Jayant Sinha and BJP’s Rajya Sabha MP RK Sinha. German newspaper Suddeutsche Zeitung obtained the data from Appleby and Asiaciti and shared it with the International Consortium of Investigative Journalists.Government sources said setting up an offshore firm or account or transferring money back to the country cannot be termed illegal if the same has been shared with Indian authorities.While Jayant Sinha was quick to clear his name in a series of tweets, RK Sinha curiously expressed his inability to respond verbally on account of observing a “maun vrat” (a vow of silence). In visuals shared by a news agency, Sinha was seen scribbling on a paper in Hindi that he was observing a “maun vrat” for seven days because of a Yajna and therefore was unable to speak.Jayant Sinha said, transactions undertaken on behalf of highly reputed world-leading organisations in his fiduciary role as Partner at Omidyar Network and its designated representative on the D.Light Board were bonafide and legal.”All these transactions have been fully disclosed to relevant authorities through all necessary filings as required. After leaving Omidyar Network, I was asked to continue on the D.Light Board as an Independent Director. On joining the Union Council of Ministers, I immediately resigned from the D.Light Board and severed my involvement with the company. It is crucial to note that these transactions were done for D.Light as an Omidyar representative, and not for any personal purpose,” Sinha said.Congress Spokesman Randeep Surjewala asked, “Will the Prime Minister show the courage of conviction to hand over this entire information to the bench of Supreme Court that is looking at action against black money holders? Will the ‘Compromised Bureau of Investigation’ (CBI) and ED (Enforcement Directorate) take action?”The Congress sought an explanation from the BJP why its richest MP (RK Sinha) and his wife Rita Kishore Sinha own an offshore company called ‘SIS Asia Pacific Holdings Ltd’ (SAPHL) in the offshore tax haven of Malta.

Supreme Court bars govt from taking action against ED officer probing 2G scam

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Supreme Court today restrained the Centre from taking any immediate action against Enforcement Directorate official Rajeshwar Singh, probing the multi-crore rupees Aircel-Maxis case and the 2G spectrum scam, following some complaints lodged against him.The court’s direction came after Singh alleged conspiracy over filing of “frivolous anonymous complaints” against him with the Revenue Secretary saying these were being entertained by the ED. He said such complaints were filed after the recent attachment of property worth Rs 1.16 crore of the accused in the Aircel-Maxis case. Though the name of the accused in Aircel-Maxis deal case was not taken by Singh’s counsel, but on September 23, ED had reportedly attached assets worth Rs 1.16 crore of Karti Chidambaram, son of former finance minister P Chidambaram, and a firm allegedly linked to him in connection with its money laundering probe in connection with the deal.A bench of Justices J Chelameswar and S Abdul Nazeer issued notices to CBI, ED and the Department of Telecom and sought their responses in three weeks. “No action should be taken against the petitioner (Rajeshwar Singh) till the pendency of his plea,” it ruled. The bench observed that in this country, several complaints are filed against people holding public office and it will be difficult to work if such complaints are entertained. “Suppose in a case, someone comes after 20 years and makes a complaint against a person holding public office, will it be entertained? It will become difficult to work if such complaints are entertained,” it said. At the outset, advocate Gopal Sankaranarayanan, appearing for Singh, said the court should direct a CBI probe into the alleged conspiracy of filing of complaints or for relieving him from the investigation of the 2G scam case.He said earlier too, several attempts were made to interfere with the 2G scam investigation but the court had always protected him. “Two attempts were made since the last apex court order in 2014 which protected him from any such complaints filed by the accused in the 2G case in complicit with the government”, he said. Sankaranarayanan said Singh was an Uttar Pradesh cadre police official on deputation in Enforcement Directorate and his promotion in the service was due, which could be hampered due to such complaints.”After properties worth Rs 1.16 crore of an accused in Aircel-Maxis deal case were attached on September 23, some anonymous frivolous complaints were filed against me with Revenue Secretary of Ministry of Finance and these have been entertained,” he said. BJP leader Subramanian Swamy, who was present in the court to support Singh’s plea, said he was an intervenor in the Aircel-Maxis case and knows Singh as an honest officer. “As far as I know, Singh is an honest officer and my experience is that politicians in high offices are targetting him,” he said.Advocate Prashant Bhushan, appearing for NGO CPIL which has filed the main petition in the apex court on which investigations were ordered in the 2G scam case, said he does not oppose the petition of Singh.The apex court had in 2013 entertained a plea of Singh seeking contempt action against Sahara chief Subrata Roy and two scribes, who were working with his news channel, alleging they had threatened and blackmailed him and interfered with the investigation of the 2G spectrum case. On May 6, 2011, the apex court had said prima facie it was of the view that an attempt was made to interfere with the investigation conducted by Singh in 2G spectrum scam case and related matters.

Sulking Eknath Khadse vents in front of BJP V-P, taunts ‘selfless’ Rane

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Former minister and veteran Bharatiya Janata Party leader Eknath Khadse, who had to step down following graft charges, vented out at the party leadership for offering ministerial berth to a ‘selfless’ leader like Narayan Rane and ignoring those who spent their lives for the party. Khadse was speaking at a function in Dhule on Monday in the presence of BJP’s national vice-president Shyam Jaju.Narayan Rane, who left Congress recently to form his own party, has joined the BJP-led National Democratic Alliance and Chief Minister Devendra Fadnavis has repeatedly hinted at his induction into the Cabinet. BJP’s ally, Shiv Sena, has already expressed its displeasure by pointing out that Rane is facing an inquiry by the Enforcement Directorate; it has reportedly even threatened to walk out of the alliance in case he is inducted into the Cabinet.Khadse has been itching to get back into the Cabinet but party leadership has been non-committal. He used Jaju’s presence to convey his displeasure — that a traitor like Rane gets preference over a loyal party servant.”There are very few leaders who are alive and know the black days of the Emergency. However, such leaders have been assigned the job of training and guidance,” Khadse said, equating himself with senior party leaders such as LK Advani and Murli Manohar Joshi who have been moved to BJP’s Margdarshak Mandal — a ceremonial body meant to be a repository of party wisdom and memory.Khadse’s rant didn’t go unnoticed; barely a few hours after his outburst, Fadnavis told a TV channel that the one-man Dinkar Zoting Commission had submitted its report on allegations of graft and conflict of interest in a land deal made by Khadse and his family in Bhosari within Pune district. He also declared that the government would table the report in the state legislature. He remained silent on Khadse’s reinstatement in the Cabinet during the ensuing expansion.On the other hand, State revenue minister Chandrakant Patil, considered the number two minister in the Fadnavis-led cabinet, said he would be happy to see Khadse back in the Cabinet.However, a BJP leader (who did not wish to be named) told DNA that Khadse’s wait for his re-entry into the state Cabinet was getting longer as two public interest litigations filed by Pune-based activist Hemant Gawande, a whistle-blower in the Bhosari land deal case, and another by activist Anjali Damania were pending in the Bombay high court.

Narada tapes: Trinamool MP Sougata Roy faces ED interrogation

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Trinamool Congress MP Sougata Roy on Tuesday appeared before the Enforcement Directorate (ED) for questioning on his alleged involvement in the Narada tapes corruption scandal.Roy, who was summoned by the agency, went to the ED office in Salt Lake, a senior official said.The Lok Sabha member from Dum Dum constituency was one of the several Trinamool Congress MPs, MLAs and ministers who were purportedly shown accepting money from abusinessman in a sting video.Narada News CEO Matthew Samuel had posed as the businessman and conducted the sting operation.Besides Roy, the other prominent leaders facing allegations of involvement include Kolkata Municipal Corporation Mayor Sovan Chatterjee, Urban Development Minister Firhad Hakim and Rural Development Minister Subrata Mukherjee.They have already been interrogated by the agency.The Narada sting tapes were released to different news organisations before the 2016 Assembly elections in West Bengal.The Central Bureau of Investigation and ED are investigating the case.

Newspaper apologises to Akali leader Bikram Majithia for linking him to illegal drug trade

<!– /11440465/Dna_Article_Middle_300x250_BTF –>On Sunday, 29 October, a newspaper apologised to former Punjab revenue minister Bikram Singh Majithia for linking him to a drug syndicate. The paper wrote: “On verification, it was found that Bikram Singh Majithia was not involved in any drug trade. The Tribune deeply regrets the damage caused to Majithia’s esteem and prestige and the anguish caused to his family and well-wishers.”Reacting to the news Majithia tweeted: “I thank The Tribune for apologising for drug allegations levelled against me. I thank them for believing in the truth. I feel vindicated.”SAD President Sukhbir Singh Badal also welcomed the corrigendum saying: “Great The Tribune has found drug allegation against Bikram Majithia as false and published corrigendum apologising for tarnishing his image.”Earlier, Captain Amarider Singh had said agencies were conducting investigation against Majithia and others.He had said: “There could be lot of Akalis involved, but we will wait for evidence. The central investigation agencies are investigating the case, and there are various other departments, including Enforcement Directorate, Income Tax, Narcotics, involved. We have directed the DGP to provide all assistance in the case, but we cannot override the investigation and take action before the probe ends.”Captain Amarinder, who had lambasted the Akali leaders especially Majithia during election campaigns and blamed him for the scourge of drugs in the state, had maintained stoic silence after elections and maintained that he would not indulge in any vendetta politics.

Ex-MNS corporator ‘forced’ to rejoin party

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In a startling claim, an MNS corporator who defected to the Shiv Sena alleged that he was being “threatened” by a senior BJP leader to rejoin the Raj Thackeray-led MNS.Vikhroli corporator Parmeshwar Kadam alleged that BJP’s Lok Sabha MP Kirit Somaiya was “repeatedly threatening” him, with action by the Anti-Corruption Bureau (ACB) and the Enforcement Directorate (ED).Kadam charged that since two MNS corporators from Somaiya’s Lok Sabha constituency had switched to Shiv Sena, this would change the political dynamics in Sena’s favour during the Lok Sabha polls. Kadam, who is said to have met MNS leaders on Wednesday, seeking a possible re-entry into the Raj Thackeray-led MNS, said hence, they were being “pressured to re-join the MNS, failing which cases would be lodged against them.””Before joining the Shiv Sena, we were being offered an entry to the BJP. Now, we are being asked to rejoin the MNS… they want to ensure that the BJP gets its own man as Mayor,” said Kadam, who has written to the ACB denying that their defection to the Shiv Sena was prompted by money-changing-hands.Kadam also asked the ACB to probe these charges. When contacted, Somaiya denied the comment (or didn’t respond?). The MNS leaders said that four of the six corporators were eager to come back to the party.Meanwhile, the six MNS corporators remained absent from the BMC general body meeting on Thursday after the party issued a whip warning them they could not vote sans permission from the party chief.FACE THE MUSICKadam charged that since two MNS corporators from Somaiya’s Lok Sabha constituency had switched to Shiv Sena, the political dynamics would be in Sena’s favour during the LS polls.
6 MNS corporators were absent from the BMC general body meeting

Cinema owner held for money laundering

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) officials on Monday arrested Director of Hindmata Gold Entertainment (of Hindmata Cinema) in an alleged Rs 400 crore IndusInd Bank money laundering case.The arrested person has been identified as Sanjay Jain and is the third person to be arrested in the case. Earlier, the agency had arrested Pandit Saurabh and Anil Chokhra in the said fake import remittance scam and are on the lookout for the mastermind Vijay Kothari. Kothari is believed to be hiding in Dubai and ED has got a Look Out Circular issued against him.A case was registered with the ED two-and-a-half years ago alleging three companies namely, Kanika Gems, Shree Charbhuja Diamonds and Yogeshwar Diamonds – owned by the four accused persons, had remitted crores of rupees generated through banks as loan to Hong Kong and Dubai based companies, under the guise of import advances using forged bill entries. “Jain is one of the key person involved in the scam. His role was to create forged bills and route the money in shell companies abroad. On Monday, after sustained questioning, Jain was placed under arrest,” said an ED official.The agency suspected that the accused persons could have duped other banks using similar modus-operandi and that the fraud could be worth thousands of crore.”It is a multi-layer scam where at least 300 shell companies or dubious importers deposited fake and forged bills of entries (of imports) in at least four banks. Later, remittances were made to unknown individuals outside India, especially in Hong Kong and Dubai,” said a source.Meanwhile, Jain was produced in the Court on Tuesday and was remanded to ED custody till October 27.

Was offered money to defect to Shiv Sena, ACB should probe it: MNS corporator

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The lone MNS corporator in the BMC who did not cross over to the Shiv Sena has alleged that he was “indirectly offered money” to switch sides and demanded a probe by the Anti-Corruption Bureau (ACB) into the recent defection by six MNS corporators. However, Dilip Lande, who was among the six corporators who left the Maharashtra Navnirman Sena (MNS), rejected the charge levelled by Sanjay Turde and said they were ready for the probe.He also threatened to sue Turde, who made the allegation in a letter written to the ACB on October 18, nearly a week after six of the seven corporators of the Raj Thackeray-led MNS joined the Shiv Sena.Turde said one of the then MNS corporators approached him on October 12 and “indirectly offered money” to switch sides. He also claimed that they promised him that such a move would boost his political career.”On the sidelines of a ward council meeting on October 12, Dilip Lande called me at around 1 pm and enquired whether I would want to join the Shiv Sena.”He told me that six corporators have decided to join the Shiv Sena and if I do so, then I would never fall short of money, besides it will give a boost to my political career,” Turde alleged in the letter.”I suspect that in this process there must have been illegal financial transactions involving huge amounts.Therefore, I request that a detailed investigation be conducted into it,” the corporator from ward no. 166 in Kurla said. When contacted, Lande said Turde was contradicting his own statement and that he would sue Tarde for “defaming” him and his party. “A few days back, Turde told reporters that he was not offered any money and now he is contradicting himself and making allegations that he was offered money.”I too request the ACB or any other agency to conduct a probe and when I come clean, I will sue him for defaming me and my party,” Lande said.On October 15, MNS chief Raj Thackeray had alleged that the Uddhav Thackeray-led party played “dirty politics of money” by paying Rs 5 crore to each of the corporators who switched sides. Meanwhile, BJP MP Kirit Somaiya, in a video message, today said he would meet the officials of the ACB and the Enforcement Directorate (ED) and seek an investigation into the alleged “bribe case”. Jai Ho Foundation, a city-based NGO, had earlier written a letter to Maharashtra Lokayukta demanding a probe into the matter.

Top officers under IB’s lens over ‘gifts’

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Diwali gifts to officers in investigating agencies have come under lens of the Intelligence Bureau (IB). IB sleuths are busy checking records of senior officers attached to Central Bureau of Investigation, Enforcement Directorate, Department of Revenue Intelligence and Customs, and Central Excise and Income Tax after being tipped off that some of them are being bribed in the form of gifts by people who have cases of financial frauds against them. “The officers are accepting gifts in the name of their relatives/family members from the businessmen/accused,” said a source.The ‘gifts’ are either in form of gold, luxury cars and houses in metropolitan cities like Mumbai, Delhi, Ahmedabad, Pune or in the form of shares in top companies, the source added.”Two senior officers are under scanner for allegedly demanding luxury cars in the name of their distant relatives based in Karnataka and Odisha,” said the source adding that the financial records of a senior officer, attached to a financial investigating agency, and his family members are being scrutinised over apprehension of receiving a flat in Gurugram as ‘gift’.The Centre has a list of 14 officers of Customs, Central Excise and Income Tax who have been approached by top business houses asking them about the kind of ‘gift’ they want. The sleuths have also identified an officer who demanded golden combs for his wife from a business house.At least six officers from CBI and ED are on the radar as they have been approached by some accused this festive season.The IB sleuths have also been directed to check on the personal staff of senior officers. “The record of special officers/personal assistants of the Public Servants of Gazetted status of doubtful integrity must be checked and verified for their inappropriate conduct,” the source said citing the directions they received for this festive season. They, however, have been asked to stay away from residences of these officers while keeping an eye on them.According to the central government guidelines, if gift are taken from the accused, the officer concerned will be immediately booked under Prevention of Corruption Act.As per the guidelines, bureaucrats can accept gifts up to Rs25,000 from relatives and personal friends on occasions such as weddings without reporting the same to the government. But gifts from other contacts may be received without government sanction as long as their value does not exceed Rs5,000.Both CBI and ED stated that they “strictly follow the guidelines issued by the central government”, and refused to comment over the issue.Hawk-eyed govtThe Centre has a list of 14 officers of Customs, Central Excise and Income Tax who have been approached by top business houses asking them about the kind of ‘gift’ they want

‘No SIT to probe Panama papers leak’

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Supreme Court on Monday ruled out the option to set up a Special Investigation Team (SIT) to probe the offshore accounts of Indians revealed in the Panama Papers leak, saying the multi-agency group set up by the government was already looking into the matter.A bench comprising Justices AK Goel and UU Lalit observed that there was no need for a separate SIT since the Centre’s multi-agency group (MAG), consisting officers of Central Board of Direct Taxes (CBDT), Reserve Bank of India (RBI), Enforcement Directorate (ED) and Financial Intelligence Unit (FIU), was like an SIT itself.The observations were made on a plea filed by advocate ML Sharma, who sought a court-monitored probe in the Panama Papers leak case. Sharma had also sought a detailed investigation of the Indian offshore account holders and stock market regulators, industrialists and celebrities whose names had been exposed in Panama papers leak.However, Additional Solicitor General PS Narsimha, who is representing the Centre, informed the court that investigating the names leaked in the case was “not ordinary” and “very complicated” since multiple agencies were probing and trying to ascertain the details.While opposing a separate probe, the Centre said probing these cases was unlike normal crime incidents since various aspects, like treaties with foreign countries, needed to be taken into account.

CBI grills Tejashwi Yadav for 8 hrs

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Central Bureau of Investigation (CBI) on Friday grilled Tejashwi Yadav, son of Rashtriya Janata Dal (RJD) chief and former railways minister Lalu Prasad Yadav, for eight hours in connection with the alleged corruption charges against the Yadav family when awarding a contract for the maintenance of two IRCTC hotels in 2006.He arrived at the agency headquarters at the scheduled time of 11 am and left at around 7 pm.The 27-year old former deputy chief minister of Bihar has skipped three earlier notices for questioning in the case before finally appearing before the investigation team on Friday. After this, on October 11, Tejashwi also has to appear before the Enforcement Directorate (ED), which is probing the money laundering case. His mother is scheduled to appear before him on October 10.Meanwhile, the CBI on Thursday questioned Lalu in connection with the same case for another eighthours. After questioning, Lalu had said that it was a political vendetta against the family. “I have turned around the loss-making Railways with a record Rs 7,000 crore profit. It was a case study for Harvard. And now, they are accusing or blaming me for a scam. This is a political conspiracy against me and the family members,” Yadav said.The Bihar stalwart, however, praised the investigating agency, saying that they were cordial to him during questioning. “They are doing what the current Indian government is telling them or instructing them to do,” Yadav added. He, too, had earlier skipped three summons by the CBI, seeking more time citing prior engagements.According to the FIR filed by the CBI, the contracts were awarded when Lalu was the railway minister. At the time, IRCTC — a subsidiary of the Indian Railways — handed over the maintenance of two of its hotels in Ranchi (Jharkhand) and Puri (Odisha) to Sujata Hotel, a company owned by Vinay and Vijay Kochhar, in return for a prime plot of three acres in Patna through a benami company.A case was then registered, naming Lalu, his wife Rabri Devi, a former Bihar chief minister, son Tejashwi and Sarla Gupta, wife of Prem Chand Gupta, a former Union minister, as accused in the case.Murky contractAccording to CBI, IRCTC awarded two contracts for hostel maintenance to Hotel Sujata, in exchange for three acres land. The Yadav family is accused of using their influence with Railways to make it happen

Dawood, Anees named in new case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Thane police on Wednesday named fugitive underworld gangster Dawood Ibrahim, his brothers Anees Ibrahim and Iqbal Kaskar along with three aides in a case of extortion case for allegedly squeezing Rs 3 crore from a prominent builder in Mumbai.The Enforcement Directorate (ED) is may also follow suit and add the names of Dawood and Anees as wanted accusing in a case of money laundering, already registered against Kaskar and his two aides earlier, sources in the know of the case said.In the latest case, Anees himself had called up and threatened the complainant if he did not give in demands in a 38-acre land deal in Gorai, police sources revealed.Apart from Kaskar, Dawood and Anees have also booked three other accused, one of whom is the owner of the land.In the FIR, the complainant alleged that the accused not only terrorised him using Dawood’s name but also did not give him the promised land despite extorting Rs 3 from him.The complainant stated that in July 2016, he received a call from an unknown international number, and the caller had said, “I am underworld don Dawood Ibrahim’s man Anees speaking.” The complainant said, “He told me to forget the land of Tony Lewis (co-accused in the case) that you have bought, and we have taken the Rs 2 crore you have paid Tony Bhai. If you want to live, send Rs 1 crore more within a week time to Kaskar’s office. Nahin To Mere Aadmi Tumhara Game Kar Denge (otherwise my men will kill you). Dawood Bhai has asked you to take back the court case that you have filed.”Kaskar too had called the victim to meet, and allegedly threatened him several times using Dawood and Anees’ name.”The complainant had bought the land for Rs 2 crore in Gorai from Tony Lewis. However, after a few months, Lewis had increased the price of the land. The complainant then went to court. When Kaskar and other accused came into the picture, they extorted Rs 1 crore more, and did not even allow the complainant to get the land he had already paid for,” said a police officer.Meanwhile, Kaskar and his two aides — Israr Ali Sayyed and Mumtaz Shaikh — were produced in a Thane court, and were remanded to police custody for further 7 days.WHAT THE COMPLAINT SAIDThe complainant stated that in July 2016, he received a call from an unknown international number, and the caller had said, “I am underworld don Dawood Ibrahim’s man Anees speaking.” The complainant said, “He told me to forget the land of Tony Lewis (co-accused in the case) that you have bought, and we have taken the Rs 2 crore you have paid Tony Bhai. If you want to be alive, send Rs 1 crore in a week….

Vijay Mallya: India tycoon faces new money-laundering charges

Indian drinks baron Vijay Mallya denies money-laundering as he fights extradition from the UK.

Separatist Shabir Shah admits to receiving funds from Pak terror outfits, Centre says Islamabad exposed

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) on Saturday told a Delhi court that Jammu and Kashmir separatist leader Shabir Shah has admitted to receiving funds from Pakistan’s terror outfits to spread terror in Jammu and Kashmir and other parts of India.His close aide, Mohammad Aslam Wani also admitted to his complicity in the crime, the ED said. The Enforcement Directorate filed the charge sheet in a Delhi Court against Separatist leader Shabir Shah in connection with a decade-old money laundering case against terror funding. In the charge sheet, the ED states that Shabir Shah has admitted that he talks to Hafiz Saeed on phone on the issue of Kashmir, and last spoke to him in January 2017.Reaction to the statement, MoS Home Hansraj Ahir said that Shabhir Shah’s statement had exposed Pakistan. Shah also confessed to have received funds from terror outfits from Pakistan to promote terror activities in Jammu and Kashmir and other parts of India. With no source of income of his own, Shah admitted that he does not file any Income Tax Return regarding his income, and that he only receives donations in cash from locals and his well-wishers towards party fund which amounts to Rs eight to ten lakhs per annum.Meanwhile, Shah’s close aide, Mohammad Aslam Wani admitted to receiving Hawala money from Pakistan’s Hawala operative Shafi Shayar, on behalf of Shabir Shah, in Delhi.Earlier in August, the Delhi High Court rejected the bail plea of Shah after the Enforcement Directorate said it was probing whether he had received money from “enemy countries” like Pakistan to promote terrorism in India.On September 7, ED opposed the bail plea of Aslam Wani in a Delhi court, saying that he had a key role in bringing money from Pakistan for terror activities in Kashmir.On July 25, ED had arrested Shah in connection with a money laundering case dating back to 2005, while his close aide Aslam Wani was arrested on August 6.The agency had registered a criminal case under the Prevention of Money Laundering Act (PMLA) against Shah and Wani.

Iqbal Kaskar’s arrest throws up politicians-builder links

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A day after the Anti Extortion Cell of Thane police arrested fugitive gangster Dawood Ibrahim’s brother Iqbal Kaskar and two of his aides in an extortion case, the police have allegedly come to know about the involvement of two politicians and some builders from Thane in the extortion racket. Suspecting that the extorted money could be laundered out of the country, the Thane Police will be writing to Enforcement Directorate (ED) to carry out a probe into the matter.On Monday night, the police arrested Kaskar and his aides Asrar Ali Jamil Sayed (52) and Mumtaj Ejaz Shaikh (48).Thane Police Commissioner Parambir Singh said they were probing whether Dawood had any role in Kaskar’s extortion racket, as the latter would drop Dawood’s name while threatening victims.”Sometimes, shooters from other states such as Bihar and Assam were recruited to threaten the builders and jewellers,” Singh said. “We will be writing to Enforcement Directorate(ED) to carry out a probe as we suspect hawala links and overseas transactions were made by the accused. After conducting a preliminary inquiry, the names of a few politicians and builders have cropped up. We appeal to victims of this group to approach the police.” He, however, refused to elaborate on the suspected role of politicians and builders in the racket.Singh said the possibility of applying the stringent Maharashtra Control of Organised Crime Act (MCOCA) was also being examined. “We have detained three more persons, including a drug peddler, who were with Kaskar when we picked him up from Nagpada. We are checking their role in the case,” he addedAccording to the Thane police, in 2013, the accused extorted four flats now worth Rs 5 crore and Rs 30 lakh from a prominent builder in Thane, claiming that a part of the land on which the flats were built was acquired by Kaskar for development. Shaikh and Sayed had then allegedly threatened the builder with dire consequences if their demands were not met.Kaskar also allegedly called the builder and threatened him in the name of Dawood, after which the complainant gave in to their demands. While three flats were sold, Shaikh retained one to live in.The arrested trio were produced before the Thane court on Tuesday, which remanded them to eight days police custody.Senior lawyer Shyam Keswani, who represented Kaskar in court, refuted all allegations leveled by police and told the court that the police did not allow him to meet Kaskar and violated several Supreme Court guidelines.Seeking minimum police custody for Kaskar, Keswani told the court, “I would like to ask the police what evidence they have against my client. Almost 50 vehicles and 60 policemen barged into Kaskar’s house. Why did they use so much force? They have not found even a single pin or knife in the house,” he told the court.

Private school cabs won’t face action till Sept 28

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Delhi government’s Transport Department on Monday gave relaxation from action to private vehicles operating as school cabs in the city, till September 28, when examinations in most schools will get over. Most of these vehicles are private vans and mini-buses that ferry schoolchildren. Last week, the department had started a drive against these operators for violation of safety norms and for not having valid commercial permits.Transport Minister Kailash Gahlot told the associations that “action against violators will continue. On request of school owners, however, enforcement action will not be taken against these vehicles till September 28”.Also, by last week, the enforcement teams had impounded over 19,00 vans for flouting norms. The government has now planned to update the School Cab Policy, 2007, with new rules for transporters as well as schools, by the year-end.According to officials, over 70,000 such private vans ply in the city, without following any guidelines. Data says, in 2016, as many as 14.70 lakh students were ferried to schools in illegally plying vans.

ED files supplementary charge sheet in VVIP chopper scam

Updated: Sep 13, 2017, 07:14 PM IST, PTI
<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) today chargesheeted a woman director of two Dubai-based firms and the companies in the Rs 3,600 crore VVIP choppers money laundering case.In the supplementary charge sheet filed before Additional Sessions Judge Arvind Kumar, the ED named Shivani Saxena as an “active” director of Dubai-based M/S UHY Saxena and M/S Matrix Holdings. Both the companies have also been chargesheeted by the agency in the charge sheet under various sections of the Prevention of Money Laundering Act (PMLA).On January 1, 2014, India scrapped the contract with Finmeccanica’s British subsidiary AgustaWestland for supplying 12 AW-101 VVIP choppers to the Indian Air Force over alleged breach of contractual obligations and charges of kickbacks to the tune of Rs 423 crore paid by the firm for securing the deal.

Aircel Maxis case: Karti Chidambaram summoned by CBI on Thursday

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Central Bureau of Investigation (CBI) has summoned Karti Chidambaram in Aircel Maxis corruption case on Thursday.The Enforcement Directorate had earlier issued summons to Karti Chidambaram on July 5 in connection with its money laundering probe in the Aircel-Maxis deal.The agency had then issued a notice to Karti Chidambaram to present himself in person or through an authorised representative and asked to submit personal financial documents and those related to a firm this week.This was the first time then that a notice had been issued to Karti Chidambaram in the case which is being investigated since 2015.The probe pertains to firms identified as Advantage Strategic Consulting Private Limited and Chess Management Services, where Karti Chidambaram had been a director, and a few others for alleged violations under the Prevention of Money Laundering Act.The agency, along with the I-T department, had conducted search and seizure operations on the business premises of Chess Management Services in Chennai in the presence of Mr. Karti Chidambaram in December 2015.

Money laundering probe: I-T dept issues final attachment order against Misa Bharti, husband

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Income Tax (I-T) department on Monday issued a final attachment order against RJD chief Lalu Prasad Yadav’s daughter Misa Bharti and her husband Shailesh Kumar in the benami assets case, as reported in ANI.Officials privy to the probe said the order was issued against a firm allegedly involved in the case–AB Exports Private Limited– and also alleged that Prasad’s relatives were the “beneficiaries” of the immovable properties of this firm.A property in south Delhi’s New Friends Colony is owned by this firm, they said.
ALSO READ Money laundering probe: Fresh trouble for Lalu’s daughter Misa Bharti as ED attaches Delhi farmhouseA provisional order for attachment–under the Benami Transactions (Prohibition) Act, 2016– was issued by the department in June this year and now the order has been confirmed after adjudication, they said.The cases of other assets which were provisionally attached in June will also be processed similarly, they added.The tax department had attached about a dozen plots and buildings in Delhi and Bihar including a farmhouse and land in the Palam Vihar area, a building in the upmarket New Friends Colony area of south Delhi, nine plots on a 256.75 decimal land area in Patna’s Phulwari Sharif area, where a shopping mall was being constructed, among a few others in the same area in Bihar’s capital.The department has said these alleged benami assets bear a “deed” value of about Rs 9.32 crore but the taxman has estimated their current market value at Rs 170-180 crore.Benami properties are those in which the real beneficiary is not the one in whose name (benamidar) the property has been purchased.The Prasad family has said the cases are the outcome of a “political vendetta” against them.The Act allows for the prosecution of the beneficial owner, the benamidar, the abettor and the inducer to benami transactions.Under the provisions of the Act, assets held benami after the final prosecution are liable for confiscation by the government without payment of compensation.On September 5, the Enforcement Directorate (ED) attached Delhi farmhouse in connection with money laundering probe against her and her husband.The ED has provisionally attached a farm house (26, Palam Farms, Bijwasan, New Delhi), of Misha Bharti and Shailesh Kumar, held in the name of Mishail Packers and Printers Pvt Ltd.The farmhouse was purchased using Rs 1.2 Crore involved in money laundering in the year 2008-09.The ED is the third central probing body investigating alleged financial irregularities by Lalu Prasad’s family after the CBI and the Income Tax department, which recently attached Benami assets worth about 180 crore rupees.The I-T department has already attached a total of 12 plots of Misa Bharti and her husband Shailesh Kumar, Deputy Chief Minister Tejaswi Yadav and ex-chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.

130 AI pilots, 430 crew members may get grounded

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Directorate General of Civil Aviation (DGCA) might ground over 130 pilots and 430 cabin crew members of the national carrier, Air India (AI), for allegedly skipping the mandatory pre and post-flight alcohol tests.According to sources, these crew members had been evading the breath analyser test repeatedly, while working in flights to and from certain destinations, including Singapore, Kuwait, Bangkok, Ahmedabad, and Goa.The DGCA had already served an ultimatum to the AI management over the alleged safety violations by its crew members, ahead of the enforcement action.Under the specified safety regulations, all pilots and cabin crew members must undergo a breath analyser test before and after the flights. Aircraft rules prohibit crew members from consuming any alcoholic drink 12 hours ahead of the commencement of a flight.Any crew member who tests positive in the medical check or refuses to take a breath-analyser test is required to be taken off the flying duty for at least four weeks, and the airline is required to initiate disciplinary proceedings.Because of the large number of the errant officials, however, the DGCA might take the action in a phased manner, sources said.As per the DGCA, as many as 224 pilots and crew members of various airlines had failed the test in 2016, whereas 202 pilots and crew members failed it in 2015.Meanwhile last month, the DGCA decided to extend the notice period for senior pilots from six months to one year. Some pilots’ unions have voiced their opposition to the move.— with PTI inputs

Misa’s farmhouse attached in money laundering case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In a major setback for Rashtriya Janata Dal (RJD) chief Lalu Prasad’s daughter Misa Bharti, the Enforcement Directorate (ED) on Tuesday, attached a farmhouse in New Delhi in connection with its money laundering investigation against her and husband Shailesh Kumar.Palam Farms, located in south-west Delhi’s Bijwasan, has been attached provisionally under the Prevention of Money Laundering Act (PMLA) and it was purchased allegedly using Rs 1.2 crore laundered in 2008-09, the ED said.It belongs to Bharti, a Rajya Sabha MP, and her husband Shailesh Kumar and is “held in the name of Mishail Packers and Printers Pvt Ltd”.The ED had conducted raids at three farmhouses owned by Bharti and Kumar on July 8 following the arrest of two brothers, Surendra Kumar Jain and Virendra Jain, who alleged laundered around Rs 8,000 crore using shell companies.The agency had also arrested a chartered accountant Rajesh Agrawal who allegedly provided “Rs 90 lakh to the Jain brothers in advance to invest in Mishail Packers and Printers Pvt Ltd as share premium”. Bharti and Kumar are alleged to have been directors of this firm in the past.”Mishail Packers and Printers Pvt Ltd was registered at the address 25, Tuglak Road, New Delhi till the shares were bought by Bharti. It was only in 2009-10 that the address was changed to 26, Palam Farms, VPO Bijwasan. Bharti and Kumar were the directors of the company during the relevant period,” the ED said.According to the ED, one of the beneficiaries of Jain brothers was Mishail Packers and Printers Pvt Ltd, which laundered unaccounted money of Rs. 1.20 crore by “taking accommodation entries in the form of share capital and share premium by various shell companies controlled by the Jains. This laundered money was utilised for purchase of a farm house at Bijwasan.”The ED claimed that 1.20 lakh shares of Mishail Packers and Printers were bought during 2007-08 and 2008-09 at Rs 100 per share by four shell companies — Shalini Holdings Ltd, Ad-Fin Capital Services(India) Pvt Ltd, Mani Mala Delhi Properties Pvt Ltd and Diamond Vinimay Pvt Ltd. The first three were controlled by the Jains while the fourth was managed by S K Shah. “The 1.20 lakh shares were bought by Misa Bharti at the price of Rs 12 per share in 2009,” the ED said.PALAM FARMSED had conducted raids at three farmhouses owned by Bharti and Kumar on July 8
Palam Farms is held in the name of Mishail Packers and Printers Pvt Ltd
ED says it was purchased using Rs 1.2 crore laundered in 2008-09

Money laundering probe: Fresh trouble for Lalu’s daughter Misa Bharti as ED attaches Delhi farmhouse

<!– /11440465/Dna_Article_Middle_300x250_BTF –>In more trouble for RJD chief Lalu Yadav’s daughter and MP Misa Bharti, the Enforcement Directorate (ED) on Tuesday attached Delhi farmhouse in connection with money laundering probe against her and her husband.The ED has provisionally attached a farm house (26, Palam Farms, Bijwasan, New Delhi), of Misha Bharti and Shailesh Kumar, held in the name of Mishail Packers and Printers Pvt Ltd. The farmhouse was purchased using Rs 1.2 Crore involved in money laundering in the year 2008-09.The ED is the third central probing body investigating alleged financial irregularities by Lalu Prasad’s family after the CBI and the Income Tax department, which recently attached Benami assets worth about 180 crore rupees.The I-T department has already attached a total of 12 plots of Misa Bharti and her husband Shailesh Kumar, Deputy Chief Minister Tejaswi Yadav and ex-chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.

List out steps taken to probe allegations against Khadse: Bombay HC to Maha government

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Bombay High Court directed the Maharashtra government to list the steps taken to probe the “serious” accusations of corruption and misuse of public office made against former state minister Eknath Khadse by activist Anjali Damania.A bench of Justices BR Gavai and MS Karnik said that if it finds that the state has taken required steps, then it might not continue hearing the PIL, but if it failed to do so, the court “cannot remain a silent spectator”.It was hearing an application by BJP leader Khadse seeking that a Public Interest Litigation (PIL) filed by Damania and five others against him and his family members be dismissed as they were associated with political parties.The PIL, filed in July this year, had alleged that Khadse had misused his office and “amassed great wealth at the cost of public interest throughout his political career”.It had alleged that “Khadse and his relatives had purchased several land parcels through benami transactions and that the assets owned by him and his family were disproportionate to their incomes.”The PIL had sought that a “Special Investigation Team be constituted, or a judicial inquiry be initiated” to look into the allegations.Khadse, however, argued through his counsel Darius Khambata that the PIL deserved to be “thrown out” of the court since the “petitioners were not bona fide”.Khambata alleged that since “Damania and three other petitioners were previously associated with the Aam Aadmi Party, and another petitioner was a working member of the Shiv Sena, they had approached court with the ulterior motive of exacting a political revenge against their rival BJP leader.” Besides, he argued, the petitioners had failed to disclose their political associations to the court at the time of filing the PIL.”The rules of filing a PIL mandate that the petitioner must make full disclosure of his identity, motives, and also of any pending litigation against him or her. In the present case, not only are the members associated with rival political parties, but, they chose to suppress this fact before the court.”Also, there are several criminal defamation cases pending against Damania, which she refused to inform this court of,” Khambata argued.”There is no public interest in this plea and it is merely an act of political vendetta,” he said.The petitioners’ counsel Mihir Desai however, argued that Damania and the others had resigned from their political posts in AAP much before filing of the PIL.He also said that Sena member Gajanan Malpure had approached HC merely as a “concerned citizen.” He also said that of the 27 cases of defamation pointed out by Khadse, Damania had “received notices in only three of the cases”.Desai also told the court that before filing the PIL, the petitioners had exhausted all other available remedies by filing complaints on the above allegations against Khadse before various state authorities including the Anti-Corruption Bureau, the Jt Commissioner of the Economic Offences Wing, the Enforcement Directorate, and the income tax commissioner.The bench noted that since the state government had acknowledged receiving the above complaints on November 10, 2016, the court was “expected to find out what the state had done so far in response to the complaints”.It said that while the rules mandated that the courts verify the bona fide of petitioners in PILs, it was also the court’s “constitutional duty to ensure that justice was done in all cases.””Serious allegations have been made on affidavit by the petitioners against a senior BJP leader. If we find that the state has taken required steps then we might not continue hearing the PIL.”However, if we realise that the state has failed to take appropriate steps based on the complaints made by the petitioners, this court cannot remain a silent spectator,” Justice Gavai said.HC has granted the state three weeks to file an affidavit listing down the action it has taken since receiving Damania’s complaints in November 2016.

Domestic violence tourism: This Punjabi couple travelled all the way to Florida to ‘help’ their son abuse his wife!

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Domestic violence is a serious problem in India, and according to the National Crime Record Bureau in 2012 over 8233 dowry death cases were reported in India. Yet, this case of domestic violence that involves an Indian family from Punjab in Florida seems to have crossed all boundaries. Not only did an Indian man repeatedly abuse his wife, but his parents even travelled all the way from Punjab to ‘help him discipline his wife’, reported The Tampa Bay Times. According to Hillsborough county sheriff’s office, a 33-year-old Devbir Kalsi used to regular beat his wife Silky Gaind for being ‘disobedient’, and at his behest, his father Jasbir and mother Bhupinder, travelled from India to help perpetuate the abuse.On Friday, after an argument, Kalsi hit Gaind repeatedly and when she tried to defend herself, his parents also hit her, and the father Jasbir also held a knife to her throat!It was only when Gaind called her parents in India that brought the abuse to the police’s notice, and told the cops that Gaind might not be able to report the abuse because of ‘cultural traditions’. The cops had to force themselves in only to find Gaind terribly battered, and when the police arrested Kalsi, his parents tried to confront the cops.Officers had to force their way in, as Kalsi tried to block the door. When the deputy sheriff tried to arrest Kalsi, his parents confronted the police. Gaind was found badly bruised and beaten, and investigations indicate that she had suffered abuse for a long time. Gaind and her child were taken to safe place and the Florida Abuse Hotline and US Immigration and Customs Enforcement were notified since all the parties are Indian nationals.Kalsi has been charged with false imprisonment, felony battery, child abuse and denying access to 911 and his father Jasbir was charged with aggravated battery with a deadly weapon, false imprisonment while his mother also faces charges of battery, domestic violence and failure to report child abuse.

Bihar: RJD accuses Sushil Modi of buying 2 houses in UP without mentioning sources of money paid

<!– /11440465/Dna_Article_Middle_300x250_BTF –>RJD today launched a counter attack on Bihar Deputy Chief Minister Sushil Kumar Modi, charging him with buying two flats in Uttar Pradesh without mentioning the sources of money paid for buying them.Sushil Modi, however, denied the allegation.Tejashwi Prasad Yadav, RJD leader and former deputy chief minister, alleged in a press conference that Sushil Modi purchased one flat in Ghaziabad for Rs 14.49 lakh in June 2006 by giving power of attorney to his brother Raj Kumar Modi.For the other flat worth Rs 36.70 lakh in Noida, the power of attorney was given to his nephews — sons of Raj Kumar Modi, claimed Tejashwi who also showed documents purportedly supporting his claim.Later, Sushil Modi sold the Ghaziabad flat at Rs 85 lakh in May 2015 and he took the money in cheque, Tejashwai said and alleged that it was not clear in the registered deed if the money for purchasing the flat was paid in cash or through cheque.However, RJD chief Lalu Prasad’s son said that Sushil Modi mentioned both his flats in his election affidavit.Tejashwi said that he would submit documents to Income Tax department, Enforcement Directorate, CBI and other agencies besides the Prime Minister and Bihar chief minister for initiating action in the case.He also demanded that Chief Minister Nitish Kumar ask his deputy to clarify Sushil Modi’s stand in this issue.Sushil Modi termed the allegations as “baseless, absurd and concocted” and meant to hide ‘sins’ of the family of Lalu Prasad.He said, “I have purchased the flat by taking Rs 10 lakh loans from ICICI Bank while paying the remaining amount through cheque… I have also furnished all these information in my Income Tax return and also to the Election Commission.” It is Lalu Prasad who should tell the people how his wife Rabri Devi became the owner of 18 flats and his son Tejashwi became the owner of 26 properties at the age of 26 years, Sushil Modi said

ED to quiz meat exporter Mohd Akhtar Qureshi for four more days in money laundering case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate, which has been interrogating controversial meat exporter Moin Akhtar Qureshi since August 26, was today allowed by a city court to continue quizzing him for four more days in a money laundering probe against him and others.Special Judge Arun Bharadwaj sent the accused to custody after the probe agency said he was required to be questioned about his foreign bank accounts to unearth the trail of crime proceeds.The ED said Qureshi was to be confronted with documentary evidence, witnesses and other co-accused.ED’s special prosecutor N K Matta sought nine-day custody of Qureshi claiming he was to be confronted with the government officials who allegedly received money or proceeds of crime from him.He also said the properties purchased from the proceeds of the crime were to be ascertained by questioning Qureshi.”The data of e-mail server of the accused company M/s Forum Sales Pvt Ltd seized by Income Tax Authorities are to be confronted with viz-a-viz for transfer of proceeds of crime by hawala channels through TT’s from Dubai onward.”The associates of the accused who were involved in the transfer of proceeds of crime from various other sources needs to be confronted with… The foreign trade associates are to be identified towards their involvement in layering and laundering of the proceeds of crime,” the ED said.It said the entire money trail of foreign remittances and their sources are to be ascertained and verified through the accused. “Various bank account statements and other records needs to be confronted with and he will also be question in regards to the audio recordings,” the ED said.The agency claimed that during the earlier five day custody, the accused did not reveal any information appearing on record and the remaining needs to be shown and required to be confronted with.The agency claimed that it has got inputs about some foreign accounts which belonged to Qureshi and his associates.During the five day custody, he was confronted with six of his associates, the counsel said, adding that quantified proceeds of crime in India was to the tune of around Rs 12 crore, besides other properties.The advocate appearing for the accused opposed ED’s plea.Qureshi was produced before the court today on expiry of his five-day ED custody.The court had on August 26 sent him to five-day ED custody “considering the seriousness of the allegations and to enable the ED to complete thorough investigation.” The agency had told the court that “the witnesses have confirmed in their statements that they have delivered crores of rupees for Qureshi and his associates through his employees and one of the witnesses has stated that nearly Rs 1.75 crore have been exported by the accused from him and his friend in lieu of the help provided to him in a CBI case.” According to the agency, Qureshi was arrested late night on August 25 here under the provisions of the Prevention of Money Laundering Act (PMLA) after “he was not cooperating in the probe”

Can BBM messages be evidence after SC privacy verdict: HC

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Can messages sent on Blackberry messenger (BBM) be read as evidence, after the Supreme Court judgement on Right to Privacy, was the question asked by the Delhi High Court to the Centre. The court raised this question while hearing a plea filed by meat exporter Moin Akhtar Qureshi who had challenged his arrest by the Enforcement Directorate (ED) in a money laundering case.A bench of Justice Siddharth Mridul and Justice Nazmi Waziri asked the counsel, representing the Centre and the ED, that whether BBM messages was admissible as evidence after the apex court’s ruling.”Whether these private messages would be admissible as evidence. Privacy has been held as integral part of Article 21 (life and liberty) of the Constitution. Please examine, as we would like to know it,” the bench asked.The ED had said that Qureshi was arrested on the basis of BBM messages exchanged between him and former CBI Chief AP Singh and several persons accused in other criminal cases.The court, while issuing a notice to the Centre and the ED, sought their response within five days thereby fixing the next date of hearing to September 13.During the proceedings, advocate R K Handoo, appearing for Qureshi, contended that he was illegally detained by the investigative agency. He also claimed that subsequently he was arrested without giving proper grounds of arrest.However, the standing counsel for Central government Anil Soni said that there was due compliance of the constitutional mandate regarding informing a person about his arrest.The bench, however, said a person cannot be taken into custody without telling him the grounds and giving him an effective legal aid.”Information is not just to make a person read the grounds of arrest. You have to give him a copy of it,” the bench said and asked the Centre and ED to show the records pertaining to the arrest on September 13.”You cannot deny liberty to someone without grounds. We are afraid that this may take us to dark ages. It is negating the constitutional mandate.”This is our prima facie view, so you have to show us the files.Qureshi was arrested on August 25 and sent to five-day custody of the ED by a trial court the next day for thorough investigation in the case against him and others in a case of money laundering.

NBW against Moin Qureshi aide

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) on Sunday secured a non-bailable arrest warrant (NBW) against Greater Kailash-based Hawala dealer Dharmendra Singh Anand, a close associate of controversial meat exporter Moin Qureshi, in the money laundering case registered against the later and his associates. The development comes a day after Qureshi was arrested and was produced in court that sentenced him to police custody till August 31. With non-bailable arrest warrant in hand, ED will now approach the Central Bureau of Investigation (CBI) with a formal plea to issue a Red Corner Notice (RCN) against Anand. The agency said they suspect that Anand is secretly staying in Thailand. According to a source, there is also a case against Anand in London and the accused is also on the list of wanted criminals of the British Police. “Soon after a case was registered against Anand, he fled and went into hiding,” said a source. The CBI has a special Interpol Wing to consider such a request and is the only Indian authority to issue all kinds of notices to catch criminals and terrorists at an international level. Explaining the procedure of issuing an RCN, a CBI officer said, “Once the ED puts a formal request before the CBI for an RCN against Anand, the case file will be reviewed. It will be decided what colour of notice needs to be issued against him as he is not a hardcore criminal or terrorist.” The process usually takes a day or two. “Once the decision is taken, CBI will request Interpol to issue the notice so that Anand could be arrested from any corner of the world and handed over to ED,” said the CBI officer.

Money laundering case: Meat exporter Moin Qureshi in ED custody

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Controversial meat exporter Moin Akhtar Qureshi, who was arrested by the Enforcement Directorate (ED) in connections to a money laundering probe against him and others, was sent to ED custody till August 31 by a Delhi court on Saturday. The order was passed by Special Judge Arun Bharadwaj after the ED sought his custody for 14 days to interrogate him.Qureshi was arrested late last night, after he was called for questioning in the case.The meat exporter has been arrested under the provisions of the Prevention of Money Laundering Act (PMLA).Qureshi has been questioned multiple times in the past by the agency which is probing him after it had registered two FIRs under the PMLA. In the latest FIR against him this year, former CBI Director A P Singh has also been named.The earlier PMLA case against Qureshi was booked by the ED in 2015, based on an Income Tax prosecution complaint.The meat exporter is facing investigation by the I-T department and the CBI for alleged tax evasion, money laundering and corruption among others.

CBI arrests ED Assistant Director Shashi Shekhar in bribery case

<!– /11440465/Dna_Article_Middle_300x250_BTF –> The Central Bureau of Investigation (CBI) on Thursday arrested Enforcement Directorate (ED) Assistant Director Shashi Shekhar for allegedly taking a bribe of Rs 10 lakh through a businessman. While posted as ED Assistant Director, Shekhar, in conspiracy with M/S of Set Square Holdings Private Limited Raj Kumar Agarwal, reportedly abused his official position as a public servant and obtained an illegal gratification from different persons as a motive or a reward for discharging his duties. As per sources, Shekhar has collected more than Rs 10 lakh, which has been parked with Agarwal with the motive to take back the same in the garb of a lawful income at a later date. A case has been registered against Shekhar, Agarwal, representative of Agarwal and others unknown under section 120-B of India Penal Code (IPC) and section 7, 12 and section 13(1)(d) r/w section 13(2) of Prevention of Corruption Act. The investigation is entrusted to the Patna Deputy Superintendent of Police .(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

New Delhi: Two Congress leaders house raided, ED searches underway in 12 places

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) on Thursday raided the residence of two Congress leaders in the national capital.According to initial reports, ED searches going on at 12 places in Delhi under Foreign Exchange Management Act (FEMA).Sources said that Delhi’s former Congress MLA Sumesh Showkeen is also being searched.More details awaited.

Personal appearance of Punjab CM’s son in criminal case stayed

<!– /11440465/Dna_Article_Middle_300x250_BTF –> Additional Sessions Judge of a Punjab court put a stay on personal appearance of Punjab Chief Minister Captain Amrinder Singh’s son Raninder Singh till September 7 in criminal case filed by Income Tax department. Earlier in June, the Enforcement Directorate summoned Raninder for alleged violation of the Foreign Exchange Management Act (FEMA). Raninder was summoned by the agency at its Chandigarh office to explain the alleged movement of funds to Switzerland and creation of a trust and few subsidiaries in the tax haven of British Virgin Islands. They said the alleged violations were earlier investigated by the Income Tax department and a criminal complaint was also filed by it in the court in Punjab. The case came to fore when the Income Tax department received details of Raninder allegedly holding the offshore account in the Alpine nation as part of details received in this regard by the Central Board of Direct Taxes from their French counterparts in 2011.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

BJP backs Rajnath’s statement lauding NIA for decline in stone-pelting incidents in J-K

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A day after Union Home Minister Rajnath Singh said that incidents of stone-pelting have declined in Jammu and Kashmir due to the National Investigation Agency (NIA), the Bharatiya Janata Party (BJP) on Monday echoed the same saying that the central agency has eliminated a number of front ranking terrorists and separatists from the Valley.A very effective operations has been conducted by NIA against separatist and the nature of funding received by these organsiation to create disturbances in Jammu and Kashmir.The manner in which the Enforcement Directorate and other agencies crack down on separatist, it had a very positive effect,? BJP leader G.V.L. Narsimah Rao told ANI.He further said that the terrorist and separatist both are on the run in Kashmir today and the security environment has suddenly improved because of security forces.
ALSO READ J&K: Stone pelting cases on the decline due to NIA, says Rajnath SinghBJP leader S. Prakash resonated the same and said, ?For the first time the NIA raided separatist leader in Valley which sends a clear signal to all this separatist elements that things have changed in the Valley and the dispensation at Delhi will no more tolerate their irresponsible acts and will not hesitate to act upon them. I am sure NIA will ensure that these elements are nuetralised.?Home Minister Rajnath Singh on Sunday said that incidents of stone-pelting have declined in Jammu and Kashmir due to the role of the National Investigation Agency (NIA).Speaking after inaugurating the office and residential complex of the NIA in Lucknow, he said, the incidents of naxalism, terrorism and extremism have also seen a downward trend in the last three years.The NIA is doing a great job in this field and its name sends fear down the spine of those indulging in terror funding, Singh said.Underlining the roll of NIA in controlling of antinational activities, he said that 75 percent decrease has been recorded in terror incidents and 40 percent in Naxal activates.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

No action taken in NGO scam; CM, Dy CM should resign: Lalu

<!– /11440465/Dna_Article_Middle_300x250_BTF –>RJD president Lalu Prasad today demanded the resignation of Bihar Chief Minister Nitish Kumar and his deputy Sushil Kumar Modi, saying the state government had not taken any action on the “mega scam”, involving ‘Srijan’, a Bhagalpur-based NGO. The ruling JD(U), however, said the government had recommended a CBI probe into the issue following Prasad’s demand and the RJD chief should now be patient. Prasad told a press conference, “I was hearing Kumar’s speech at his party’s national council meeting yesterday. He claimed that it was he who exposed the scam and ordered a probe. “But, the fact is that Kumar knew about the NGO’s scam for a long time. He sat over the probe and did not take any action.” He also alleged that it was a “mega scam”, in which over Rs 15,000 crore of government money were looted. On Kumar handing over the probe into the matter to the CBI, Prasad alleged that the JD(U) chief was “trying to befool the people” as there was an RBI circular, as per which any financial irregularity involving an amount of above Rs 30 crore would have to be investigated by the central probe agency. He also claimed that the chief minister had not handed over the probe to the CBI of his own volition, as he had come to know that the Centre and the probe agency had got the information through the Reserve Bank of India (RBI) that “Kumar is involved in it (scam)”. “Only out of this fear (of getting implicated in the scam), Kumar surrendered before the BJP within two hours,” Prasad said without elaborating further. The former Bihar chief minister alleged that Kumar did not act after a chartered accountant, Sanjit Kumar, wrote to him about the “scam” in 2013 or even after the RBI asked him in the same year to investigate it. Instead, the chief minister “protected the scamsters”, he alleged. “Why did the state government not make public the report prepared on the direction of the district magistrate in 2013? The DM was later transferred,” Prasad said. Holding Kumar and Sushil Modi responsible for the “scam”, the RJD chief demanded their resignation and said his party would continue with its movement till the two put in their papers. After its August 27 rally at Patna, the RJD would submit documents related to the “scam” to the Enforcement Directorate (ED) and CBI and also request the Supreme Court to monitor the probe through a special investigation team (SIT), he said. Reacting to the RJD chief’s allegations, JD(U) spokesman and MLC Niraj Kumar said, “It was Lalu Prasad who had demanded a CBI probe into the matter and the state government has recommended it. He should have patience now.” He also wondered why had Prasad “suddenly developed an affection” for the CBI, against which he had been spewing venom. On the RJD chief’s demand for a Supreme Court-monitored probe, the JD(U) leader said he was free to approach the court. The cases lodged in connection with the NGO’s alleged swindling of public money were being investigated by the Economic Offences Unit (EOU) of the Bihar police. The chief minister recommended a CBI probe into the matter on August 17. The state police have issued a lookout notice against the NGO’s secretary, Priya Kumar, and her husband Amit Kumar.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Ignoring FERA summons a criminal offence: Apex court

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Disobeying summons issued by an investigating agency under the money laundering law amounts to a criminal offence, the Supreme Court held on Thursday.The SC order came as it set aside a Karnataka High Court order that had held that disobedience of summons for appearance did not amount to contravention of the provisions of the 1963 Foreign Exchange Regulation Act (FERA).”In any event, the judgment of the High Court cannot be sustained as it is contrary to the law laid down by this court,” a bench of justices SA Bobde and L Nageswara Rao said.The bench passed the judgement on an appeal filed by the Enforcement Directorate (ED) challenging the high court order. Summons were issued under Section 40 of FERA in October 1997 directing three accused who were allegedly involved in releasing substantial foreign exchange in contravention of the law, to appear before ED officer, but they had failed to respond.Thereafter, a complaint was filed against them in a court in Bangalore where one accused Mohammed Akram was represented by an advocate. The lower court, however, acquitted him and directed the other two to face the trial.The trial court had held that the summons issued by ED were not duly served on the respondent personally and the refusal to appear before the enforcement officer in spite of summons under the provision of FERA, cannot be regarded as a contravention of the Act.

Three held for betting in Tamil Nadu league matches

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Three persons, including the brother of a man held for betting in IPL by the ED in 2015, have been arrested for allegedly placing bets on matches of the Tamil Nadu Premier League (TNPL) the Delhi Police said on SaturdayThe betting amount had reached close to Rs 4 crore, they said.Vinod Sharma, Vikas Choudhary and Mukesh Agrawal were arrested from Anand Vihar on Friday, the police said.On the basis of a tip-off, a raid was conducted at a home and the three men were found betting, the police said. Thirteen cell phones, two laptops, three LCDs and TV sets have been seized.”The betting was happening on a match of Karaikudi vs Ruby of Tamil Nadu Premier League,” said Madhur Verma, Deputy Commissioner of Police (Crime).”All voice calls of customers were recorded automatically on cell phones and laptops through a recording software,” he added.The accused were using betting software to maintain their accounts and records. The software exists for a year and the whole data is saved automatically.”They also used to maintain their customer details in the software. They used betting apps and surfed on websites like www.bet365.com, www.betfair.com among others for checking the rates of matches and the chances of a team’s win,” Verma said.Police said that Sharma is the brother of Mukesh Sharma, who was arrested by the Enforcement Directorate (ED) under relevant sections of PMLA (Prevention of Money Laundering Act) in 2015. He was arrested on charges of allegations of operating a UK-based betting website and subsequently placing bets on IPL matches.Mukesh was arrested during the ED’s raids in connection with an alleged Rs 4,000-crore money-laundering case against syndicates involved in placing bets on IPL T-20 cricket matches.

HC allows Dhinakaran’s plea to cross-examine in FERA case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Madras High Court today allowed AIADMK leader T T V Dhinakaran to cross examine a prosecution witness in a court here in connection with a FERA case against him. The court allowed him to do so before August 31 in the FERA violation case against him in the Additional Metropolitan Magistrate (Economic Offences) Court, which framed charges against him on August 1. Hearing Dhinakaran’s plea, seeking a direction to the trial court to allow him to cross examine the prosecution witness, Justice M S Ramesh in his order granted time till August 31 for the purpose. “It is made clear that no further time will be granted for cross examination. The petitioner shall personally appear before the court concerned on August 16 and after that shall ensure that the cross examination is completed on or before August 31,” the judge said and made it clear that no further time will be granted. In his petition, Dhinakaran submitted that after framing charges there has to be an adjournment and in his case it was not done. Only on the next hearing can the accused be questioned of his stand in respect of cross-examination of prosecution witness. However it was not done, the petitioner claimed. Alleging violation of relevant CrPC provisions, the petitioner said the magistrate questioned him on the same day when charges were framed, thereby “committing serious illegality”. The Additional Solicitor General, appearing for Enforcement Directorate (ED), said the current petition was only to protract the proceedings. The Special Public Prosecutor, who conducts trial on behalf of the ED in the Economic Offences court and was assisting the ASG, submitted that the prosecution witness was very much available and could be cross-examined by Dhinakaran today itself. However, the counsel for Dhinakaran submitted that his client may not be available for two days. The judge then allowed Dhinakaran to cross examine the prosecution witness before August 31. It may be recalled that on August 1 Additional Chief Metropolitan Magistrate (EO Court) S Malarmathy framed charges against him in one of the FERA case against him. The charges were framed after the Madras High Court vacated an interim stay on proceedings against Dhinakaran. On July 24, the high court had set aside the charges framed against Dhinakaran by the economic offences court on April 19. It had then directed the trial court to re-do the process after granting adequate time to the accused to submit his objections and complete the trial within three months.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Court sends Kashmiri separatist leader Shabir Shah to JC

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A Delhi court today sent to 14-day judicial custody Kashmiri separatist leader Shabir Shah, who was arrested in a decade-old money laundering case for alleged terror financing. Additional Sessions Judge Sidharth Sharma sent the accused to jail after the Enforcement Directorate (ED) submitted that he was not required for further custodial interrogation. Earlier, on August 3 the court had allowed the ED custody of Shah after the agency alleged that he was “ruining” the country by using money to fund terror. Shah was arrested by the ED a day after several Hurriyat leaders were taken into custody of the National Investigating Agency (NIA) in a case of alleged terror funding in the Valley to fuel unrest. He was taken into custody in the August 2005 case in which the Special Cell of Delhi Police had arrested Mohammed Aslam Wani (35), an alleged hawala dealer who is currently in ED custody, claiming that Rs 63 lakh was recovered from Wani out of which Rs 52 lakh was allegedly to be delivered to Shah. The agency had earlier issued summonses to Shah in the case, the prosecution had said, adding that Wani had claimed that he had given Rs 2.25 crore to Shah. Investigating agencies like the NIA have cracked down on Hurriyat leaders like Syed Ali Shah Geelani’s son-in-law — Altaf Ahmed Shah, also known as Altaf Fantoosh — and six other Kashmiri separatists.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

CBI court issues arrest warrant against Varinder Singh

<!– /11440465/Dna_Article_Middle_300x250_BTF –>A special CBI court here today issued an arrest warrant against Varinder Singh alias Raja, whose bail plea was recently cancelled by the Supreme Court, for failing to appear before it in a money laundering case. The case was registered by the Enforcement Directorate (ED) against dismissed Punjab Police DSP Jagdish Singh Bhola and others. Raja, who had to attend today’s court hearing, has moved an application to get exemption from personal appearance in court. After the special public prosecutor of the ED apprised the court of the SC’s order in connection with the cancellation of Raja’s bail application, the court issued the arrest warrant. The court also issued notice to Delhi-resident Kamaljit Singh, who has furnished Raja’s bail bond and surety bond. The Punjab and Haryana High Court had granted bail to Raja in 2015 in the case under the Prevention of Money Laundering Act (PMLA) registered by the ED in 2013. Today, ED deputy director Niranjan Singh was to record his statement against the accused including Raja, Bittu Aulakh and Mani Gill in their presence in the court. Now, the court posted the matter to August 19. Meanwhile, the ED has also moved two separate ‘Letters of Request’ under Section 57 of the PMLA with request to the UK and Canada authorities to give details of properties of the accused in the drug case including Bhola, Jagjit Chahal and Bittu Aulakh. The other accused, former minister Swaran Singh Phillaur and his son, also moved applications for anticipatory bail on which hearing would take place on August 16.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Ex-DMK leader’s son held in Rs 97 cr money laundering case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate has arrested the son of a former DMK Minister in a money laundering case involving about Rs 97.52 crore, sources said today. According to the sources, Mani Anbazhagan, son of late senior DMK leader and former minister Ko Si Mani, was arrested under the Prevention of Money Laundering Act yesterday and later produced before a magistrate court. He was remanded to judicial custody till August 21 and lodged in the Puzhal Central Prison here. During its probe, the ED said it found that foreign exchange of about Rs 75 crore was remitted abroad by eight shell entities on production of alleged forged bills of entry without any physical imports. Anbazhagan allegedly facilitated opening current accounts on behalf of all the eight accounts with Indian Bank, Thousand Lights Branch here wherein Rs 97,52,99,090.48 was pooled in, the sources said. The money was allegedly “proceeds of crime” relating to scheduled offence of forgery of identity documents, they said. Subsequently, out of such pooled funds, foreign exchange remittances outside the country to the extent of Rs 75,50,71,724 was fraudulently made based on forged import documents, the ED sources said. The rest of the approximately Rs 22 crore was “held up” by the ED as “part proceeds of crime”. The business and residential premises of the eight entities including that of Mani Anbazhagan, who is suspected to have acted as a “single point of contact”, were also searched by the ED. ED sources said suspecting the authenticity of documents, bank authorities alerted Customs department which in turn tipped off the Directorate. Bank officials, who had received the Account Opening Forms (AOF) for all the eight accounts, had said they got them from Anbazhagan and not directly from the sole proprietors or partners of the business entities concerned, the sources added. The bank filed a complaint with the Chennai police and an FIR was registered on March 6 for several offences under the IPC.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

Finance Ministry officials trying to derail probe against Chidambarams’: Swamy to PM Modi

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Bharatiya Janata Party (BJP) leader Subramanian Swamy has written a letter to Prime Minister Narendra Modi stating that the Central Bureau of Direct Taxes (CBDT) is not taking action against Karti Chidambaram and P. Chidambaram, further alleging that some officials in the Ministry of Finance as well are trying to derail the probe against them.Swamy pointed out that he had written a letter on March 20, 2017 as well, seeking a probe against Karti Chidambaram, P Chidambaram and their family members under the Black Money Act and new Benami Act, alleging that they had amassed properties in 14 countries and held 21 foreign bank accounts.”Revenue secretary has since then directed CBDT chairman to initiate probe on this matter in last week of March 2017. But till now, CBDT has not moved an inch on this matter, even after getting concrete findings of honest officers of Enforcement Directorate and Income Tax Chennai Unit,” he stated in the letter to the Prime Minister.Swamy said that instead of immediately registering cases and interrogating custodially, that is arrest the Chidambarams under Black Money Act and Benami Act, the CBDT Chairman and top officials in Delhi are trying to delay the case by writing to 14 countries to verify the details of the properties illegally acquired by Chidambaram and family members.”There is no need to write to 14 countries when Income Tax and Enforcement Directorate have “unearthed clinching evidences,” he added.He further stated that the Income Tax Chennai Unit prepared a 200-page summary and Enforcement Directorate issued a 70-page summons to Karti and ‘his Benami directors’ which has sufficient evidences to file cases under Black Money Act and Benami Act.”I have reliable information that some officials from Ministry of Finance and CBDT are trying to save Chidambaram, and meeting him to leak information to him to derail the probe,” he alleged.Swamy concluded by requesting the Prime Minister to order the Revenue Secretary and CBDT Chairman to fasten the process and file cases under Black Money Act and Benami Act.”I therefore I urge you to ask the Revenue Secretary and CBDT chairman to do due diligence and speedily process the necessary permission so that appropriate cases against P. Chidambaram and his family members are registered under Black Money Act and Benami Act without further delay,” he said.On August 4, The Central Bureau of Investigation (CBI) issued a lookout notice against Karti Chidambaram, to not leave India and inform concerned agencies before doing so.This came in connection with the agencies’ probe into the Foreign Investment Promotion Board (FIPB) clearance given to INX Media for allegedly receiving funds from Mauritius.Karti has accused the CBI of hatching a conspiracy against him citing frustration arising out of their inability to prove anything against them in connection with the Aircel-Maxis case.Earlier in February, the then communication minister Dayanidhi Maran and the others accused in the Aircel-Maxis case, were discharged by a special CBI court.On July 19, the CBI sent a second notice to Karti summoning him to the CBI headquarters on July 21 for questioning regarding the INX Media Case.The CBI had summoned Karti between June 27-29, but Karti, through his lawyers, informed the investigating team that he needed more time, before he could appear for questioning.According to the CBI, INX Media stated in its records that an amount of Rs. 10 lakh was given to Advantage Strategic Consulting (P) Limited, a firm the CBI said was “indirectly” owned by Karti, for management consultancy charges towards an FIPB notification and clarification.

Separatist in talks with Pak anti-nationals: ED

<!– /11440465/Dna_Article_Middle_300x250_BTF –>Separatist leader Shabbir Shah is still in contact with anti-national elements residing in Pakistan, in the garb of the Kashmir issue and has received funds to disrupt peace in the Valley, the Enforcement Directorate (ED) has informed a Delhi court on Wednesday while demanding to extend the remand of the Hurriyat leader.”Investigations revealed that Shah received various hawala consignments for disrupting the peace process in Jammu and Kashmir. He is in contact with Tehreek-e-Hurriyat,” the ED said in the court demanding seven days custody of the separatist.Additional Sessions Judge Rakesh Pandit, however, extended the remand for one day in a decade-old case of money laundering registered under the Prevention for Money Laundering Act (PMLA).The agency also claimed that Shah, during his statement under PMLA revealed that he is obtaining donations for the Kashmir issue in cash for which he is not filing any returns. The ED said that ‘the records related to the donations received by the accused has to be recovered and confronted with’.Shah was arrested on July 25 and produced in the court where the ED put a plea to extend the custody. However, appearing for the accused, his counsel MS Khan opposed the plea.The plea also said that sleuths of the probe agency should extend the remand stating that they want to know the source of the hawala transfers and ascertain the further dissemination of the funds.Summons were sent to Shah pursuant to a case of August 2005 wherein the Special Cell of Delhi police had arrested alleged Hawala dealer Mohammad Aslam Wani who had claimed that he had passed on Rs2.25 crore to Shah.Following this, the ED had registered a case against both Shah and Wani under relevant sections of PMLA.Earlier the court had remanded Shah to seven days custody following his arrest for continuously failing to appear to the ED summons.

Subsidy a social obligation to the people: Mamata Banerjee

<!– /11440465/Dna_Article_Middle_300x250_BTF –>West Bengal Chief Minister Mamata Banerjee lashed out at the Centre over its decision to do away with the subsidy on LPG in phases by March 2018.”The government at the Center doesn’t seem to care about the common people. They are only concerned about making money. People are being subjected to recurring economic attacks. How will they survive like this?” she said during a rally on Tuesday at Chopra in Uttar Dinajpur district.Providing subsidy to the people is a social responsibility of the government, Mamata said. “The government is not paying for subsidies out of its own pockets. It is public money,” she said.She also raised the issue of lowered interest rates on savings bank accounts announced by the State Bank of India on Monday, and said that it would lead to mushrooming of chit fund companies who would lure people with higher interest rates and then siphon off their hard-earned money.She said this at a time when top leaders of her party including some of her cabinet ministers are under the Enforcement Directorate (ED) and the Central Bureau of Investigation (CBI) scanner for alleged involvement in financial scandals such as the Saradha Group and Rose Valley scams.She also alleged that certain BJP leaders were coming to Bengal to create tension. “Some leaders from other states are coming over here to create tension. They must not forget that those playing with fire can also be burned by it. The people of Bengal will resist any such attempt of spreading trouble,” she said.State BJP leaders retorted by saying that Mamata was concocting stories to defend for her ministers who had been associated with several ponzi firms. “Her party members have been seen campaigning for chit fund companies. And now she is trying to create an impression that lowered interest rates would lead to mushrooming of ponzi firms in Bengal,” said BJP national secretary and former state president Rahul Sinha.LPG SUBSIDY ISSUECentre has ordered state-run oil companies to raise subsidised cooking gas prices by Rs 4 per cylinder every month to eliminate all the subsidies by March next year. Every household is entitled to 12 cylinders each at subsidised rates in a year.

Dinakaran appears before Chennai court in FERA case

<!– /11440465/Dna_Article_Middle_300x250_BTF –> All India Anna Dravida Munnetra Kazagham (AIADMK) leader T.T.V. Dinakaran on Tuesday appeared before the Metropolitan Magistrate Court here in the Foreign Exchange Regulation Act (FERA) case. On July 21, the Supreme Court dismissed the plea filed by Dinakaran seeking relief and challenging the Madras High Court order against him in the same case. In its previous hearing, providing temporary relief to Dinakaran, the Madras High Court issued stay orders to the Chennai Metropolitan Magistrate court on the case against him. However, Justice M.S. Ramesh has directed the Enforcement Directorate (ED) to file a counter in two weeks. Dinakaran had filed a petition in the high court three months back to relieve him from the FERA violation case. Dinakaran is facing two cases filed by the Enforcement Directorate (ED) against him for alleged violations of FERA. The court had framed charges against him for illegally routing U.S. dollars in foreign exchange without taking permission from the Reserve Bank of India (RBI) and for depositing in the current account of Dipper Investments Ltd., a company incorporated in the British Virgin Islands, with Barclays Bank, Sutton, United Kingdom. The second case pertains to the transfer of 44.37 lakh pounds through West Bank Ltd, Ireland, allegedly breaching FERA provisions.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

BJP seeks Guv intervention in Patnaik poll expenditure case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Odisha BJP today sought Governor S C Jamir’s intervention in the alleged misuse of official machinery by the BJD government to defend a poll expenditure case against Chief Minister Naveen Patnaik. A BJP delegation led by party s state vice-president Samir Mohanty, met Governor S C Jamir and drew his attention on the alleged discrepancies in the poll expenses of Chief Minister Naveen Patnaik and the BJD, the party he leads. “We have also apprised the governor about how the government advocates pleaded for BJD’s MLA from Hinjili, Naveen Patnaik. It is a case against Patnaik as an MLA and he should defend himself by engaging private lawyers. But the state’s advocate general and others state lawyers are representing Patnaik in the high court,” Mohanty said. The BJP also alleged that Ganjam district collector was “misused” by the government to work in favour of Naveen Patnaik. Yesterday, the BJP had moved the Enforcement Directorate (ED) seeking a probe into alleged dubious poll funding by Patnaik. The saffron party has also moved the Election Commission and Income Tax department while highlighting the false poll affidavit allegedly made by Patnaik. The BJP has demanded disqualification of Patnaik as a legislator for allegedly filing false poll affidavit.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

ED attaches Rs 149 cr assets in Jagan Mohan Reddy case

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The Enforcement Directorate (ED) on Friday attached over 11,804 acres of land worth about Rs 149 crore, in Prakasam and Guntur districts of Andhra Pradesh, in connection with its money laundering probe in cases related to YSR Congress leader Jagan Mohan Reddy and others. The land was “illegally” allotted to companies of Nimmagadda Prasad in connection with a money laundering case involving Reddy.A senior officer of ED stated, “This is a quid pro quo investment case where Prasad, various companies and individuals made huge investments in companies floated by YS Jagan Mohan Reddy for the favours received from erstwhile Andhra Pradesh government, by way of allotment of land for development of port and industrial corridor, exemption under Urban Land (Ceiling and Regulation) Act when Late YS Rajasekhara Reddy, father Jagan Mohan Reddy was the chief minister.”The agency carried out a probe based on the charge sheet filed by CBI under various section of Indian penal Code and Prevention of Corruption Act.In this case, previously an attachment order was issued attaching properties worth Rs 538.31 crore from Jagan Mohan Reddy and his companies and Rs 325.02 crore from Prasad and his companies including 1,416 acres of land from Vanpic Projects Private Limited and Vanpic Ports Private Limited which were acquired by those companies for VANPIC Project.Further, the Proceeds of Crime identified in the form of lands illegally allotted to the companies of Prasad to the extent of 11804.78 acres in Prakasam and Guntur Districts valued at Rs 148.89 crore as per the government order are now attached.Investigation conducted under PMLA revealed that Prasad paid bribe amounts to Jagan Mohan Reddy in the form of investments at exorbitant premiums in the companies of Reddy to the tune of Rs 779.50 Crore apart from making payment of Rs 57 crore in the guise of secondary purchase of shares and donation of Rs 7 crore to YSR Foundation.

BJP says Odisha CM ‘lied under oath’, urges EC to disqualify

<!– /11440465/Dna_Article_Middle_300x250_BTF –>The BJP today accused Odisha Chief Minister Naveen Patnaik of “lying under oath” and approached the Election Commission to seek his disqualification as an MLA. A BJP delegation, led by its spokesperson Sambit Patra, submitted a memorandum with the EC alleging that the Patnaik- led Biju Janata Dal may have used chit fund scam money to contest elections in 2014. The memorandum referred to Patnaik’s election affidavit filed in 2014 when he had contested from Hinjli constituency in Ganjam district of Odisha. “It’s astonishing to find that the RTGS number claimed by Naveen Patnaik is also the RTGS number of Ramchandra Hansda, the BJD MP who is behind bars because of his involvement in a chit fund scam,” the BJP said in a statement. “The delegation demanded disqualification of Naveen Patnaik as an MLA under Section 77 of People’s Representation Act, 1951. It also demanded that the Enforcement Directorate (ED) and the CBDT should investigate into the RTGS number,” it said. The BJP delegation, which included party MLAs from the state and other office-bearers, also claimed that there was a mismatch in the amount he actually received and what he claimed to have received. However, the BJD has rejected the allegation and in turn, accused the BJP of attempting to tarnish the image of Patnaik, a four-time MLA and chief minister since 2000. “The man who was defeated in the election in 2014 from Hinjili assembly segment did not make any such complaint. Now after three-and-half years after the election, the BJP has is making these allegations,” BJD spokesperson P K Deb had said last week.(This article has not been edited by DNA’s editorial team and is auto-generated from an agency feed.)

© 2021 Yuva Sai Sagar. Theme by Anders Norén.