ED Can Launch Prosecution by Filing a Complaint for Violation of S. 3 and 4 of PMLA based on Predicate Offence: Punjab and Haryana HC [Read Order]
The Punjab and Haryana High Court has held that Enforcement Directorate ( ED ) can launch prosecution by filing a complaint for violation of Section...
Application u/s 7 of Insolvency Bankruptcy Code can be admitted when Debit and default against Corporate Debtor is Available: NCLAT
The Principal Bench of the National Company Law Appellate Tribunal(NCLAT) has held that application under section 7 of the Insolvency Bankruptcy Code can be admitted when Debit and...
ED arrests Jharkhand Minister Alamgir Alam in Money Laundering Case, Recovers Rs.35.23cr from his PA
The Enforcement Directorate ( ED ) arrested the Jharkhand Minister Alamgir Alam in a Money Laundering Case. The ED recovered a huge amount of Rs. 35.23 crores from his Personal Assistant followed by...
Arrest by ED Over Liquor Policy Scam: Delhi HC Denies Bail Application of Former Deputy Chief Minister of Delhi
The Delhi High Court dismissed the second regular bail plea filed by Former Deputy Chief Minister of Delhi and Aam Aadmi Party leader in the money laundering and corruption cases connected to the...
No application of S. 45 PMLA to S. 205 CrPC Application: Orissa HC allows resubmission of appearance exemption application in PMLA Case with alleged Proceeds less than 1 Cr [Read Order]
The Orissa High Court recently ruled that, there is no applicability for Section 45 of Prevention of Money Laundering Act ( PMLA ) where alleged crime proceeds are under Rs. 1 Crore, while...
Income Tax Dept busts 200 Cr Dubai Hawala Money Trade-in attempt for Election spends at Chennai Airport
Ahead of the Lok Sabha elections, the Income Tax department has intercepted an attempt to channel Rs 200 crore of hawala money into Tamil Nadu, allegedly for a prominent political party. According...
