Money Laundering | The Asian Age

Tuesday, Apr 30, 2024 | Last Update : 01:57 AM IST

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Liquor baron Vijay Mallya gets bail shortly after arrest in London

The ostentatious businessman was arrested on a extradited warrant and will appear today at Westminster Magistrates' Court in London.

18 Apr 2017 3:35 PM

Delhi Health Minister Satyendra Jain (Photo: ANI)

CBI enquiry against Delhi minister Satyendra Jain on money laundering charges

It is alleged that Jain was involved in money laundering to the tune of Rs 4.63 crore while being a public servant during 2015-16.

11 Apr 2017 6:06 PM

ED attaches HP CM’s farmhouse worth Rs 27 crore

The ED said its probe found that “illicit money of Singh was also invested in purchase” of this asset.

04 Apr 2017 3:32 AM

ED raids 300 shell firms at 100 locations in 16 states

The action is part of the mandate given to the ED under a Special Task Force (STF) that was recently created by the government.

01 Apr 2017 4:47 PM

Hurriyat Conference leader Syed Ali Shah Geelani. (Photo: File)

ED summons Yasin Malik, Geelani in money laundering, FEMA cases

Earlier in June 2002, USD 10,000 was found during searches by the Income Tax department at Geelani's residence in Hyderpora.

15 Mar 2017 6:23 PM

On the other side of the coin, the United States has been one of the most active in trying to create uniformity in the rules.

So, how do financial criminals evade laws?

The lack of uniformity between financial systems and regulations allows criminals to participate in these illegal activities

14 Mar 2017 9:11 PM

Officials said that she was intercepted at Mumbai airport when she was trying to leave the country on Saturday. The accused was arrested after questioning.

ED arrests woman in Rs 1485 crore money laundering case

The officials added that Dahal’s company, which was stated to be based in the Hong Kong helped in laundering money.

28 Feb 2017 2:43 AM

Brazilian court requests Pele's son's arrest for drug trafficking

Edinho played for years as a goalkeeper at Santos, his father's former club. He retired in 1999.

24 Feb 2017 8:35 PM

The case was first detected by the Delhi police after it intercepted three persons with about Rs 3.7 crore cash in old notes in front of the Axis Bank branch in November last year.

Axis money laundering case: ED files charges

The ED took cognisance of the police FIR and slapped money laundering charges against the accused.

04 Feb 2017 5:02 AM

Iyer issued two Form 1099s to SV which claimed that the business paid him USD 111,952 in 2013 and USD 164,000 the next year, officials said. (Photo: Representational Image)

Indian-origin man charged with money laundering for drug dealer in US

Iyer is scheduled to be sentenced on April 24 in which he will face a maximum of 20 years in prison and a USD 500,000 fine.

02 Feb 2017 3:41 PM

Ex-minister gets 7-yr jail term in first money laundering conviction

Rai is the first to be convicted under the Prevention of Money laundering Act, which was enacted in 2002.

31 Jan 2017 12:57 PM

Vijay Mallya has been accused of defaulting on Rs 9,000 crore loans.

I am innocent untill proven guilty, says Vijay Mallya

Mallya raised concerns over media coverage of him and said his 'innocence prevails' till he is proven guilty.

27 Jan 2017 12:24 PM

Money laundering by the medium of gold purchase/sell has seen a huge boost post demonetisation. (Photo: PTI/Representational)

Money laundering via Gold purchase sees huge boost post demonetisation

A total 66,000 kilograms of gold was imported in November all over the country.

03 Jan 2017 6:04 PM

ED registers case against Zakir Naik’s NGO

PMLA case has been filed to probe alleged irregularities in IRF’s funds.

31 Dec 2016 1:08 AM

Controversial Islamic preacher Zakir Naik (Photo: PTI)

ED registers criminal case against Zakir Naik, IRF

The agency has already scanned some banking transaction documents and other details against Naik and IRF

30 Dec 2016 5:14 PM

Stacks of currency notes that was found at Rohit Tandon's Greater Kailash residence during a raid by Delhi Police crime branch. (Photo: PTI)

Delhi lawyer Rohit Tandon held after Rs 14 cr seized from his office

ED suspects Tandon was allegedly instrumental in the illegal conversion of demonetised currency worth about Rs 60 crore.

29 Dec 2016 10:59 AM

IT officials raid at Kotak Mahindra Bank at K G Marg in New Delhi. (Photo: PTI)

ED arrests Kotak Mahindra Bank branch manager over fake accounts

The ED took over the case and registered an FIR under PMLA after taking cognisance of an FIR of Delhi Police’s crime branch in the case.

29 Dec 2016 3:26 AM

ED arrests Kotak bank manager in Delhi on charges of money laundering

Nine alleged fake accounts were detected with deposits worth Rs 34 crores post demonetisation.

28 Dec 2016 12:30 PM

ED officials said that the investigation had so far led them to at least Rs 70 crore deposited in various bank accounts owned by the bullion traders. (Representational Image)

Alleged mastermind fails to show up

ED officials told The Asian Age that Punamiya had his hands in all four bullion firms raided.

28 Dec 2016 3:49 AM

I-T department has called in for additional staff, auditors, counting machines and banking personnel to ascertain the final figures of the recovered assets and formalise the seizure process under tax laws.

Cash trouble: New laundering methods

I-T Investigation Directorate sent out a few decoy customers seeking to exchange banned currency notes into new notes.

09 Dec 2016 3:00 AM

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Aakar Patel