Wed, Jun 28, 2023
The Enforcement Directorate arrested real estate developer Supertech's Chairman and Managing Director RK Arora in connection with a money laundering case, news agency ANI reported citing officials.
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Wed, May 10, 2023
The government has further tightened the rules to prevent money laundering and has increased the scope of PMLA. Under this, individuals who give their address to open a company can also come under the purview of the Anti-Money Laundering Act. Will business become difficult if PMLA is strictly enforced? Will those who help businessmen also be punished? What is the guarantee that professionals will not be harassed? Will the stringent PMLA provisions impact 'Ease Of Doing Business'? Watch this special discussion in Aapki Khabar Aapka Fayda.
The Indian government has expanded the scope of its money laundering law to also include individuals representing a company or acting as a director, according to a notification.
Mon, Aug 29, 2016
The Serious Fraud Investigations Office (SFIO), the government agency that investigates white collar crimes, has widened its search to include bankers and former heads of public sector banks.
Fri, Aug 19, 2016
Enforcement Directorate has attached assets worth over Rs 10 crore of a Tamil Nadu-based firm in connection with its money laundering probe in an alleged bank loan fraud estimated at Rs 50 crore.
Wed, Jul 13, 2016
Jignesh Shah belonged to a middle class family in Kandivali and by 2008 was worth an estimated 1.1 billion dollars.
Update at 6 pm: PMLA court in Mumbai has sent Jignesh Shah to 5-day police custody. The Enforcement Directorate (ED) has arrested Financial Technologies India Ltd's (FTIL) founder and former chairman Jignesh Shah in Rs 5,600-crore NSEL scam on Tuesday.
Tue, Jul 12, 2016
Shah has been arrested by the ED for non-cooperation with the investigation agencies and would be produced before the PMLA court tomorrow.
Tue, Jun 21, 2016
Bayer CropScience informed exchange today, that the Company has received the resignation intimation from Dr. Vijay Mallya wherein he has resigned from the Board of the Company as the Non-Executive Independent Director. The resignation will be in effect from June 30, 2016.
Mon, May 16, 2016
Mallya said this during the board meeting of United Breweries Ltd (UBL) which he chaired via video-conferencing.
Wed, May 11, 2016
UK Government has informed that under the 1971 Immigration Act, the government does not require an individual to hold a valid passport in order to remain in the UK
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