Tag: Enforcement Directorate

Robert Vadra Gets Judicial Nod For His Foreign Trips Except London

[New Delhi]Robert Vadra Gets Judicial Nod For His Foreign Trips Except London
A Delhi court Monday allowed Robert Vadra, accused in a money laundering case, to travel abroad for six weeks.
Special Judge Arvind Kumar allowed him to travel to USA and the Netherlands for six weeks and asked him to submit his travel schedule.
The court, however, did not allow Vadra, brother-in law of Congress President Rahul Gandhi, to go to London.
During the arguments, Vadra’s counsel KTS Tulsi told the court that Vadra will not go to London, as per his earlier prayer, if the Enforcement Directorate (ED) had an objection.
Solicitor Gen Tushar Mehta and advocate Nitesh Rana, appearing for the ED, had opposed Vadra’s plea in which he had sought permission to travel to the UK and other countries citing health reasons.
Vadra is facing allegations of money laundering in purchase of a property in London at 12, Bryanston Square, worth 1.9 million pounds.

Elections Are Over But ED Is Still On:IL&FS Raided

[Mumbai] Elections Are Over But ED Is Still On:IL&FS Searched
The Enforcement Directorate Wednesday carried out fresh searches in Mumbai in connection with its money laundering probe in the multi-crore IL&FS payment default crisis
The central agency had first carried out searches in this case in February after it filed a criminal case under the Prevention of Money Laundering Act (PMLA).
The debt crisis at the infrastructure lender came to light following a series of defaults by its group companies beginning September, 2018.
The crisis-ridden infrastructure conglomerate IL&FS group, once hailed as a pioneer of public-private partnership, has come under the scanner of multiple regulators, for alleged defaults related to financial disclosures and corporate governance.

Pink Treasure’s Creator,Tainted,Tandon Taken To Black Cell :Demonetisation

[New Delhi] Pink Treasure’s Owner,Tainted,Tandon Taken To Black Cell :Demonetisation
Demonetised Currency Devil Tandon has been Arrested ED has arrested Delhi lawyer Rohit Tandon
The ED has arrested controversial lawyer Rohit Tandon here in connection with a money laundering probe in a case of seizure of Rs 13.6 crore after police raided a law firm premises as part of an anti-black money operation post demonetisation.
He was placed under arrest late last night under the provisions of the Prevention of Money Laundering Act (PMLA) and will be produced in a court for further custody.
Tandon was allegedly instrumental in the illegal conversion of demonetised currency worth about Rs 60 crore in purported connivance with Kolkata-based businessman Paras Mal Lodha and arrested Kotak Bank manager in Delhi Ashish Kumar.
Tandon’s case pertains to an operation of Delhi Police’s Crime Branch and the Income Tax department earlier this month when the agencies had seized Rs 13.6 crore, of which Rs 2.6 crore was in new currency, allegedly from a law firm here that he is associated with.
The ED had booked a PMLA case against him based on the police FIR.
The lawyer was earlier separately searched by the tax department where it was said that he declared undisclosed income worth over Rs 125 crore to the taxman.

Oh ho! Rs 30 Lakh Recovered From “Maharaja”Tailor In Chandigarh

[Chandigarh]Oh ho! Rs 30 Lakh Recovered From Tailor In Chandigarh
The Enforcement Directorate has recovered Rs 30 lakh cash and 2.5 kg gold from the premises of a prominent tailor
ED officials has also recovered Rs 2.19 crore cash from a cloth merchant
Acting on tip off, the sleuths of ED swooped down on the premises of Maharaja Tailor in Mohali (Punjab) and at sector 22 in Chandigarh.
The seizure included Rs 18 lakh in Rs 2,000 denomination and while the rest was in Rs 100 and 50 denominations,
Meanwhile, the Chandigarh Police had arrested a senior bank employee of a private bank in Mohali for allegedly providing new currency to cloth merchant Inderpal Mahajan on commission basis.
ED had seized Rs 2.19 crore including Rs 17.74 lakh in Rs 2,000 denomination, Rs 12,500 in Rs 500 denomination from the house of Mahajan on December 14.

ED Issues 2nd Summon to Capt Amarinder’s Ailing Son in FEMA Case

[Chandigarh,Punjab]ED Issues Fresh Summons to Capt Amarinder’s Ailing Son in FEMA Case
Former Punjab chief minister Amarinder Singh’s son Raninder has been issued a fresh summons to appear before the Enforcement Directorate (ED) in Punjab in connection with its probe against him for alleged forex contraventions and holding of untaxed foreign assets.
Official sources said Raninder has been asked to appear before the investigating officer (IO) in the case on July 14 at the ED zonal office in Jalandhar.
He has also been asked to bring personal financial documents with him, they said.
This is the second summons to Raninder after he had sought exemption from personal appearance last month, citing health reasons.
Raninder has been summoned to explain the alleged movement of funds to Switzerland and creation of a trust and a few subsidiaries in the tax haven of British Virgin Islands.
The alleged violations had earlier been investigated by the Income Tax department and a case in this regard was being heard in a court in Punjab. The next hearing in the case is slated for July 26.
Raninder had earlier said he did not have anything to hide and was willing to cooperate with the probe.
The case came to light when the Income Tax department received information about Raninder allegedly holding the offshore account in the alpine nation as part of details received by the Central Board of Direct Taxes from its French counterparts in 2011.
The sources said ED investigators have gathered necessary documents from a competent court in Punjab and RBI, and they suspect “contravention of the Foreign Exchange Management Act (FEMA)” by the accused.
Both Raninder and his father Amarinder, a Congress MP, have denied any wrongdoing and termed as “false” the charges

Modi Govt Suspends Crony Capitalist Mallya’s Diplomatic Passport

[New Delhi,Mumbai]Modi Govt Suspends Crony Capitalist Mallya’s Diplomatic Passport
Vijay Mallya, whose Kingfisher Airlines has defaulted on loans of over Rs 9,400 crores, and has been defying Enforcement Directorate summons, today suffered a major blow when his passport was suspended by the government which has threatened to revoke it.
The diplomatic passport of the flamboyant 60-year-old industrialist, who has been in Britain for over a month and has refused to appear before the ED, was suspended by the External Affairs Ministry on the recommendation of the agency.

FM Hooked Modigate And Called Congress’s All Allegations On MEA Baseless

[New Delhi]FM Hooked Modigate And Called Congress’s All Allegations On MEA Baseless
Arun Jaitley Called Congress’s All Allegations baseless.
Union Finance Minister Arun Jaitley today sought to do some damage control by coming out in defence of Sushma Swaraj over her help to scam-tainted Lalit Modi while Prime Minister Narendra Modi continued to be targeted in the ‘Modigate’ by Congress.
Two days after the raging controversy broke out triggering a political storm for the Modi government, Jaitley, Swaraj, who holds the External Affairs portfolio, and Home Minister Rajnath Singh met in the Home Ministry and discussed the entire issue for an hour before Singh and Jaitley held a press conference.
“All allegations levelled are baseless. Her (Swaraj) statement and that of the party President (show) that whatever she did was with good intentions.
“She acted bona fide. The entire government and the party are one on the issue. There should be no doubt on this,” Jaitley said with Singh by his side.
Jaitley’s defence of his cabinet colleague comes two days after party President Amit Shah and Rajnath Singh had asserted that Swaraj had acted on humanitarian considerations in the matter of helping former IPL boss Lalit Modi get travel documents from Britain.
Modi, former IPL boss, has taken refuge in London for over five years after the Enforcement Directorate levelled money laundering and other charges against him involving an amount of Rs 1,700 crore and wants him for investigations in India in the 2009 IPL scam.
Speculation has been rife over the “silence” of Jaitley after the controversy broke out on Sunday over Swaraj’s help to Lalit Modi.
There have been reports that the Finance Ministry and the External Affairs Ministry are involved in a blame game over who should appeal against the Delhi High Court order quashing the revocation of Lalit Modi’s passport in August last year.
Photo Caption
The Union Minister for Finance, Corporate Affairs and Information & Broadcasting, Shri Arun Jaitley, Defending Sushma swaraj On Modi Gate