Aircel-Maxis: SC stays ED proceedings to attach Sun TV assets

Last Updated: Friday, August 21, 2015, 19:00

The Supreme Court on Friday stayed the proceedings undertaken by the Enforcement Directorate (ED) to provisionally attach Sun TV network's assets worth Rs 742 crore in the Aircel-Maxis deal case.

Immunity from FEMA for disclosures of black money: Govt

Last Updated: Monday, July 6, 2015, 18:25

The government will give immunity from prosecution under FEMA, Prevention of Money Laundering Act and four other laws to persons declaring undisclosed foreign assets under the compliance window of the new Black Money Act.

ED attaches properties of Gems Cables and Conductors

Last Updated: Friday, June 19, 2015, 19:51

"During investigation under PMLA, proceeds of the crime were identified in the form of movable and immovable properties. Totally, three immovable properties of value of around Rs 6.03 crore and one movable property of value of Rs 4.43 crore held by M/s Gem Cables and Conductors were attached," the release stated.

Switzerland plans stringent norms to fight black money menace

Last Updated: Sunday, June 7, 2015, 18:50

The new Federal Act on the International Automatic Exchange of Information in Tax Matters (AEOI Act) contains provisions on the organisation, the procedure, the judicial channels and the applicable criminal provisions.

Rose Valley chief Gautam Kundu's bail plea rejected

Last Updated: Tuesday, May 19, 2015, 19:24

A city court Tuesday rejected the bail plea of Rose Valley Group chairman Gautam Kundu and extended his judicial remand till June three.

Black money: PMLA cases face setback as special court goes vacant

Last Updated: Monday, April 27, 2015, 21:00

In a major blow to fight against black money, a special authority established to try money laundering cases bearing revenue value of crores of rupees has been rendered vacant as the lone member of the three-member body resigned Monday.

Rose Valley Group raised Rs 15,000 cr from investors: Govt

Last Updated: Tuesday, December 2, 2014, 16:10

The Enforcement Directorate has registered cases under the Prevention of Money Laundering Act, 2002 (PMLA) against Rose Valley Group companies apart from Saradha Group entities.

Chennai airport `chaiwallah` lands in laundering soup

Last Updated: Sunday, January 19, 2014, 12:49

A tea vendor working at the Meenambakkam airport here has landed in money laundering net after a PMLA court recently froze his assets, which include large cash deposits and 2.5 kg of gold jewellery, in connection with a bribery case.

ED seizes high-end branded watches of Abhishek Verma, wife

Last Updated: Wednesday, October 23, 2013, 18:31

The Enforcement Directorate ordered attachment of over a dozen high-end branded watches belonging to arms dealer Abhishek Verma and his wife.

Multiple agencies crackdown on Ponzi schemes, Saradha Group

Last Updated: Saturday, April 27, 2013, 19:02

Investigating wings Sebi, RBI, IT Department and Enforcement Directorate cracked down on Ponzi schemes and initiated action against Saradha Group under Prevention of Money Laundering Act (PMLA).