Corruption

#AircelMaxisCase: Chidambaram father-son set free till March 8

A Delhi court today extended till March 8 the interim protection from arrest granted to former Union minister P Chidambaram and his son Karti in the Aircel-Maxis cases filed by the CBI and the ED...

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Bikaner land scam case: ED attaches Robert Vadra's assets worth Rs 4.62 crore

The Enforcement Directorate (ED) Friday said it has attached assets worth Rs 4.62 crore of a firm linked to Robert Vadra, Congress president Rahul Gandhi's brother-in-law, in connection with the Bikaner land scam case...

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#INXMediaCase: ED grills P Chidambaram in money laundering case

Former finance minister P Chidambaram appeared before the Enforcement Directorate today in connection with a money-laundering probe related to INX Media...

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ED lays red carpet for Robert Vadra, Karti Chidambaram to question on separate money laundering cases

Businessman Robert Vadra appeared before the Enforcement Directorate for the second day today in money laundering case probe and his questioning is on. The agency had questioned him on Wednesday as well. This is the first time that Vadra is appearing before any probe agency in connection with alleged dubious financial dealings...

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India on 'Vijay' track: UK clears Vijay Mallya's extradition

UK Home Secretary Sajid Javid on Monday ordered the extradition of Vijay Mallya to India, in a major blow to the embattled liquor baron. The 63-year-old businessman had lost a legal challenge against his extradition in a British court in December...

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Thugs in custody! Delhi Court brings Rajeev Saxena and Deepak Talwar under ED remand in VVIP Chopper scam

Bringing all the thugs under the same roof, the Augusta Westland Case is revealing dark secrets of each and every corrupt chapter. Extraditing Rajeev Saxena and Deepak Talwar to India, the Delhi Court in its order has sent Rajeev Saxena for a four day and Deepak Talwar on a seven-day remand under Enforcement Directorate...

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‘Memorial nightmare’ for Mayawati! ED raids seven places in UP in connection to ‘memorial scam’

Bringing Mayawati under scrutiny scanner, the Enforcement Directorate (ED) on Thursday conducted raids in connection with alleged irregularities of more than Rs 111 crore in construction of memorials in Uttar Pradesh. These memorials were built during the tenure of Bahujan Samaj Party supremo and former chief minister Mayawati between 2007 and 2012...

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Tension mounts on Chidambaram as CBI seeks sanction from govt to prosecute him under INX Media Case

In a new development slated in the INX Media case, the CBI has sought the sanction of the central government to take legal action against former Finance Minister P Chidambaram as it has almost finalised a charge sheet, which involves alleged irregularities...

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#AircelMaxisCase: Chidambarams get safety tag till next month

A Delhi court today extended till February 1 interim protection from arrest to former Union minister P Chidambaram and his son Karti Chidambaram from arrest in the Aircel-Maxis scam...

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GST authority finds HUL guilty of profiteering Rs 383 crore

The GST anti-profiteering authority has found HUL guilty of not passing on rate cut benefits of Rs 383 crore to consumers. The complaint before the National Anti-Profiteering Authority (NAA) stated that although the Goods and Services Tax (GST) rate on a large number of products was cut from 28 per cent to 18 per cent, HUL had not reduced the maximum retail price (MRP) of its products...

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CBI catches collar of 2 directors of a firm, 8 PNB officials in fraud case

The Central Bureau of Investigation (CBI) has arrested two Directors of a Mumbai-based private firm and eight officials associated with Punjab National Bank in a fraud case...

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#PNBScam: Interpol issues Red Corner Notice against Mehul Choksi

Global police body Interpol issued a red corner notice against fugitive offender Mehul Choksi, wanted in the 13,000-crore bank fraud case, on Thursday. The Interpol arrest warrant came on a CBI request. The CBI and Enforcement Directorate (ED) had filed a charge sheet against him in a Mumbai court...

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Supreme Court issues notice to ED on Vijay Mallya's plea

The Supreme Court today issued a notice to the Enforcement Directorate, ED, on industrialist Vijay Mallya's plea challenging the ongoing proceedings in a Mumbai court to declare him a fugitive economic offender...

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Ahmadabad court to hear Reliance defamation suit against The Wire today

The Ahmedabad City Civil Court will be hearing the defamation suit filed against newsportal ‘The Wire’ by Reliance Company for spreading falsehood and maligning the company’s image in respect of the Rafael fighter jet deal...

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PNB scam: Nirav Modi files application before special court on being declared as 'Fugitive Economic Offender'

PNB scam: Nirav Modi files application before special court on being declared as 'Fugitive Economic Offender'..

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Bureaucracy at war from within and with each other!

The “Crash or Collapse of the CBI” and the clash between the CVC, CBI and IB provides both a challenge and opportunity to cleanse the system provided the complete overhaul of the ‘system’ is effectively formulated and implemented without “fear or favor”. ..

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ED files supplementary charge sheet against P Chidambaram in Aircel-Maxis money laundering case

Enforcement Directorate (ED) yesterday filed supplementary prosecution charge sheet against senior former Finance Minister P Chidambaram and eight others in the 3,500-crore rupees Aircel-Maxis case...

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ED staples Rs 255-cr assets of Nirav Modi in Hong Kong

The Enforcement Directorate has attached valuables worth 255 Crore rupees belonging to Nirav Modi in Hong Kong under Prevention of Money Laundering Act. With this the total attachment in the PNB scam case is worth 4 thousand 7 hundred 44 crore rupees...

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ED staples Karti Chidambaram’s assets worth Rs 54 crore in India and abroad

The Enforcement Directorate (ED) has today attached properties worth about 54 crore rupees belonging to Karti Chidambaram, son of former Union Minister P.Chidambaram...

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Chidambarams! Don’t worry, you are safe till next month in Aircel- Maxis Case

Delhi Court today extended till November 1 the interim protection from arrest granted to former Union Minister P Chidambaram and his son Karti in the Aircel-Maxis case filed by the CBI and the ED...

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IRCTC scam case: Delhi court makes Lalu Prasad’s wife Rabri Devi, son Tejashwi Yadav in free bees by granting bail

A Delhi Court on Saturday granted a bail to RJD supremo Lalu Prasad's wife Rabri Devi, son Tejashwi Yadav and other accused in the IRCTC money laundering case. The court was hearing a case related to alleged irregularities in granting operational contract of two Indian Railway Catering and Tourism Corporation (IRCTC) hotels to a private firm...

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PNB fraud: Nirav Modi gets one month to file reply to ED plea

Special court in Mumbai has directed diamantaire Nirav Modi, a key accused in the multi-billion PNB fraud case, to file his reply on October 29 to an Enforcement Directorate (ED) plea seeking to declare him a "fugitive" under a new law...

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#AircelMaxisCase: Delhi Court to hear ED's plea on Oct 8 2018

Delhi court has agreed to hear a plea by Enforcement Directorate on October 8, seeking custodial interrogation of Karti Chidambaram in Aircel-Maxis case on Tuesday...

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India secure extradition of British middleman Christian Michel from Dubai court in AgustaWestland VVIP choppers deal case

In a massive breakthrough in its hardcore investigation in the 3,600 crore rupees AgustaWestland VVIP choppers deal case, the Indian agencies have successfully secured the extradition of British middleman Christian Michel. Notably, a Dubai court on Tuesday ordered the extradition of British middleman Christian Michel in the 3,600 crore rupees AgustaWestland VVIP choppers deal case. The Dubai court pronounced the judgement after Indian authorities officially made a request to the Gulf nation, based ..

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ED files charge sheet against Mehul Choksi in #PNBScam case; says he diverted over Rs 3,250 cr to foreign countries

Continuing its high voltage investigation in PNB scam, the Enforcement Directorate has found that absconding jeweller Mehul Choksi diverted over Rs 3,250 crore funds to foreign countries. Notably, in its charge sheet, ED said that Mehul Choksi diverted over 3,250 crore rupees, amassed by defrauding Punjab National Bank, to the foreign countries including Thailand, the US, Belgium, UAE, Italy, Japan and Hong Kong...

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#PNBScam: Interpol to soon decide on Red Corner Notice against Mehul Choksi

The international probe agency Interpol is all set to give its decision on issuing Red Corner Notice (RCN) against Mehul Choksi in October this year. Notably, fugitive jeweller Nirav Modi and his uncle Mehul Choksi are involved in Rs 13,000 crore Punjab National Bank (PNB) scam...

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#PNBScam: India fastens process of securing Mehul Choksi’s custody; submits second extradition request to Antigua-Barbuda govt

Fastening the process of securing Mehul Choksi’s custody, India on Saturday submitted a second extradition request to Antigua and Barbuda government. Notably, fugitive jeweller Nirav Modi and his uncle Mehul Choksi are involved in Rs 13,000 crore Punjab National Bank (PNB) scam...

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Delhi court shields Lalu Prasad’s wife Rabri Devi, son Tejashwi Yadav in IRCTC scam case; frees them by granting bail

Delhi court today granted bail to RJD leader Lalu Prasad's wife and Bihar’s former Chief Minister Rabri Devi and son Tejashwi Yadav in an Indian Railway Catering and Tourism Corporation (IRCTC) scam case...

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UK finally confirms presence of #PNB fraudster Nirav Modi in its territory; extradition request already in process

Fugitive millionaire jeweller Nirav Modi, the prime accused in Rs 13,000 crore Punjab National Bank (PNB) scam is residing in the United Kingdom (UK). Notably, the British authorities have finally confirmed the presence of Nirav Modi in the United Kingdom. Knowing this before, the Central Bureau of Investigation (CBI) investigating PNB scam has already sent an extradition request to through the Ministry of Home Affairs (MHA)...

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#PNBScam : ED to soon send a reminder to Interpol for issuance of red corner notice against Mehul Choksi

The Enforcement Directorate is all set to send a request reminder to the Interpol to for the issuance of Red Corner Notice (RCN) against fugitive jeweller Mehul Choksi, who is accused in the Punjab National Bank (PNB) fraud case. Notably, fugitive jeweller Nirav Modi and his uncle Mehul Choksi are involved in Rs 13,000 crore Punjab National Bank (PNB) scam...

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Nitin Sandesara, a Gujarat-based businessman arrested in Dubai over Rs 5,000 crore fraud case

Crackdown on economic fraudsters continues in full swing! Notably, a fugitive businessman and a wanted in Rs 5,000 crore fraud case Nitin Sandesara was arrested in Dubai on Wednesday. Dubai authorities nabbed Nitin Sandesara, an absconding director of a Gujarat-based pharma company on the basis of a non-bailable arrest warrant issued by an Indian court. Nitin Sandesara and his pharma company are being probed in Rs 5,000 crore fraud case...

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Over Rs 13.8 cr in fake notes seized across the country post demonetisation; Gujarat has highest seizure

Fake notes with the face value of over Rs 13.8 crore were seized in the country so far post-demonetisation. This was said by Minister of State for Home Affairs Hansraj Ahir on Tuesday. Notably, demonetisation was introduced to eradicate corruption, terrorism and menace of fake notes from the country...

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Over 2 lakh companies are under scanner for non-filing of annual returns

A total of 2,25,910 companies are under scanner for non- filing of due returns for the financial Year 2015-16 and 2016-17. This was said by Minister of State for Corporate Affairs P.P. Chaudhary on Friday. In a written reply to Lok Sabha, Minister P.P. Chaudhary said that during the financial year 2018-19, a total of 2,25,910 companies have been identified for action under Section 248 of the Act on the basis of non-filing of due returns for the financial Year 2015-16 & 2016-17. Due procedure shall ..

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Antiguan authorities confirm presence of fugitive PNB scam accused Mehul Choksi; CBI to soon initiate extradition process

The authorities of Antigua on Thursday confirmed about the presence of fugitive Punjab National Bank scam accused Mehul Choksi. Notably, this comes days after the Indian government alerted the Antigua and Barbuda government and asked the country's authorities to arrest Mehul Choksi...

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SC refuses to interfere in Delhi HC bail order for Karti Chidambaram in INXMediaCase

The Supreme Court today refused to interfere with a Delhi High Court order granting bail to Karti Chidambaram, son of former Union minister P Chidambaram, for alleged financial irregularities related to INX Media...

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#PNBScam : India makes formal request to UK for extradition of fugitive jeweler Nirav Modi

India has asked United Kingdom to extradite Nirav Modi, the main accused in the Rs 13,000 crore Punjab National Bank (PNB) scam. This was said by Minister of State for External Affairs Ministry General VK Singh on Thursday. In a written reply to Rajya Sabha, General VK Singh said that the request for extradition of Nirav Modi had been sent to the High Commission of India in London. “The request has been sent by a special diplomatic bag to the High Commission of India, London for onward transmission ..

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Loans, deposits of Indians in Swiss bank decreased by 34.5% in 2017

The Loans and deposits of Indians, other than Banks, in the Swiss banks decreased by 34.5% in the year 2017 as compared to 2016. This was said by Minister of State for Finance Shiv Pratap Shukla on Tuesday. In a written reply to Rajya Sabha, Minister Shiv Pratap Shukla said that the data collected by Swiss National Bank in collaboration with Bank for International Settlements (BIS) shows that the loans and deposits of Indians, other than Banks, in the Swiss banks decreased by 34.5% in the year 2017 ..

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P Chidambaram Ji! You are safe, no one will arrest you till Sept 28

The Delhi High Court today extended till September 28 the interim protection from arrest granted to senior Congress leader P Chidambaram on his pleas seeking anticipatory bail in the INX Media case...

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#PNBScam : Govt asks Antigua and Barbuda officials to arrest fugitive jeweller Mehul Choksi

Immediately after getting the hints of whereabouts of fugitive Punjab National Bank scam accused Mehul Choksi, the Indian government alerted the Antigua and Barbuda government and asked the country's authorities to arrest him. Notably, as soon as reports in the media about Choksi's presence in Antigua were flashed the government officials alerted the Antigua and Barbuda government in writing and verbally and asked the country's authorities to arrest him. The government officials have also conveyed ..

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UK court says no to Vijay Mallya's attempt to appeal against verdict favoring Indian bank to recover their funds

Fugitive businessman Vijay Mallya has lost his attempt to appeal against a UK High Court order in favor of 13 Indian banks to recover funds amounting to nearly 9,000 crore rupees...

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Fugitive Economic Offenders Bill aimed to empower authorities to confiscate properties of economic absconders, tabled in Parliament

The Fugitive Economic Offenders Bill 2018 seeks to lay down measures to empower Indian authorities to confiscate properties of economic absconders. This was said by Finance Minister Piyush Goyal on Wednesday in Rajya Sabha...

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Lok Sabha gives green signal to Prevention of Corruption Act; bribe givers, takers to be punished

The Lok Sabha on Tuesday unanimously passed the Prevention of Corruption (Amendment) Bill, 2018 that provides for punishment to bribe givers and takers, and extends prior nod for a prosecution to former public officials...

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Black Money nearing to end? Indian money deposits in Swiss Bank reduced by 80% during 2014-17

The amount of Indian money deposited in Swiss National Bank saw a prominent reduction of 80 percent between the year 2014 and 2017 after the PM Modi led government came into the power. This was said by Finance Minister Piyush Goyal in Rajya Sabha on Tuesday...

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#INXMediaCase: Delhi HC to hear P Chidambaram's anticipatory bail plea on tomorrow

Former Union Minister P Chidambaram’s plea, seeking anticipatory bail in the Enforcement Directorate's (ED) money-laundering case related to INX Media will be heard on July 25 said the Delhi High Court today...

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ED files charge sheet against former Himachal CM Virbhadra Singh’s son Vikramaditya in money laundering case

Embarrassment for former CM Virbhadra Singh and his family continues! Notably, the Enforcement Directorate (ED) filed a charge sheet against Virbhadra Singh’s son Vikramaditya in a money laundering case also involving the former Himachal Pradesh chief minister himself on Saturday...

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ED files supplementary charge sheet against former Air Force Chief S P Tyagi, others in #AgustaBriberyScandal

Moving a step further in the AgustaWestland VVIP chopper scam case, the Enforcement Directorate (ED) on Wednesday filed a supplementary charge sheet against former Air Force Chief S P Tyagi and others in a Delhi court.Notably, the supplementary charge sheet against former Air Force Chief S P Tyagi, his two cousins, lawyer Gautam Khaitan, two Italian middlemen and Finmeccanica in the AgustaWestland VVIP chopper scam case was filed before special judge Arvind Kumar in a Delhi court. Finmeccanica is ..

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Rs 22 lakh cash recovered from hospitals of Anti-Corruption crusader Yogendra Yadav’s kins; Kejriwal rushes to save culprits

The Income Tax Department raided sister of Swaraj India Party convener Yogendra Yadav’s hospital of Rewari and brother-in-law of brother-in-law on Wednesday. The team of Income Tax Department went to the Kalawati hospital of Yogendra Yadav's brother-in-law and senior pediatrician Dr Narinder Yadav's hospital Kamala Nursing Home and his wife Dr Poonam Yadav...

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Delhi Court makes Chidambarams ‘free bees ‘till August 7

A Delhi court extended former Union Minister P Chidambaram and his son Karti's protection from arrest in the Aircel-Maxis money laundering case till the 7th of next month on Tuesday...

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And here is the next fraud: Bank of India retired official arrested in Rs 2654 crore loan scam

The Central Bureau of Investigation (CBI) arrested two retired senior officers of Bank of India in connection with an alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd, today...

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UK High Court: Seize Vijay Mallya’s assets for the recovery

Fugitive Tycoon Vijay Mallya got a shock when UK high court said that his home and properties in the UK can be seized as a means of recovering the money he owes banks in India in unpaid loans, following an enforcement order...

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Further step in PNB Scam: Interpol issues red corner notice against Nirav Modi

The International Criminal Police Organization (Interpol) today issued a red corner notice against businessman Nirav Modi, in connection with the multi-crore fraud at state-run Punjab National Bank. Along with Nirav Modi, Interpol also issued a red corner notice against his brother Neeshal Modi and one of Nirav's close aide Subhash Parab. The notice has been issued in CBI and Enforcement Directorate case related to cheating, corruption & money laundering...

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Banks in queue of frauds: CBI charge sheets 2 ex-CMDs of Canara bank for loan default of 146 crore

Earlier there was people's queue in banks, now banks are in queue of fraud. Now the new name added to the list is of Canara Bank. The CBI has filed a charge sheet against two former chairman cum managing directors of the Canara Bank in connection with alleged loan default of 146 crore rupees by Jatin Mehta of Winsome Diamonds and has also sought a Red Corner Notice against the jeweler...

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Rahul Gandhi! What will you say on this matter of Robert Vadra escaping tax?: Asks BJP to Congress

Today, BJP spokesperson Sambit Patra held a press conference which threw arrows of allegation on the Congress Party. During the press conference, he said that Gandhi family is known for anonymity property. The BJP spokesman said that the Income Tax Department has instructed Robert Vadra to repay the outstanding amount of 2010-11. We would like to ask Rahul Gandhi what will he say on this matter of Robert Vadra escaping tax?..

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Interpol all set to issue red corner notice against Nirav Modi for his involvement in Rs 13,000 crore #PNBScam

The Interpol is all set to issue red corner notice against billionaire jeweler Nirav Modi for his involvement in the Rs 13,000 crore Punjab National Bank (PNB) scam. Notably, the massive development comes after a series of stern action taken by Indian authorities against Nirav Modi...

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And here is the next fraud: Bank of Maharashtra’s top officials arrested in 3000 Crore fraud case

Now slowly frauds are coming out in the movie and the real faces of those frauds are coming out on which one trusts and keeps his/her money as the safest option to save money. After ICICI Banks case now the reel is twisting towards Bank of Maharashtra. The Economic Offences Wing (EOW) of Pune police has arrested some top officials of Bank of Maharashtra, including its CEO and Managing Director Ravindra Marathe, in connection with the over 3,000-crore rupee fraud case against DSK group accused of cheating ..

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ICICI CEO Chanda Kochhar to be on forced leave till conclusion of Videocon Probe report

ICICI Bank’s Chief Executive Chanda Kochhar would go on leave until the internal enquiry into charges of favouritism and impropriety is concluded. In its replacement, Sandeep Bakshi, group’s life insurance head will be carrying out the functions...

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A fresh charge sheet has been filed against Vijay Mallya & others for allegedly cheating banks over Rs 6 thousand crores: ED

The Enforcement Directorate (ED) has filed a fresh charge sheet against liquor baron Vijay Mallya, and others for allegedly cheating a consortium of nationalized banks to the tune of over Rs 6,000 crore...

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Vijay Mallya! Keep 2 lakh Pounds ready, you have to pay to Indian Banks: UK Court

The UK High Court has ordered embattled liquor tycoon Vijay Mallya to pay a minimum of 2 lakh pounds towards the costs incurred by 13 Indian banks in their legal battle to recover alleged dues...

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ED files charge sheet against Jharkhand former CM Madhu Koda, allies in money laundering of Rs 3633 Cr

In the money laundering case, the problems of Jharkhand's former Chief Minister Madhu Koda are increasing. The screws of the ED are getting tighter on Madhu Koda. The ED Court has again made a charge against 9 accused including Madhu Koda. Earlier, in September 2012, the charge was fixed against 7 accused including Madhu Koda...

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Aircel-Maxis case: ED files charge sheet in Delhi court against Karti Chidambaram

The Enforcement Directorate (ED) on Wednesday filed a charge sheet in a Delhi court against Karti Chidambaram in the Aircel-Maxis money laundering case...

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#PNBScam : Non-bailable warrant issued against Nirav Modi, others

A special court in Mumbai on Tuesday issued a non-bailable warrant against billionaire jeweler Nirav Modi and others including his family members for their involvement in the Rs 13,000 crore Punjab National Bank (PNB) scam. The decision comes after the Enforcement Directorate (ED) took cognizance of a charge sheet and moved special court seeking non-bailable warrants against accused persons in the mega scam. The non-bailable warrants (NBWs) were issued by Special Prevention of Money Laundering Act ..

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ED appeals court to issue non-bailable warrants against Nirav Modi, others in #PNBScam

The Enforcement Directorate (ED) on Friday appealed to a special court to take cognizance of its charge sheet and issue non-bailable warrants against billionaire jeweler Nirav Modi and others including his family members for their involvement in the Rs 13,000 crore Punjab National Bank (PNB) scam...

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ED questions P Chidambaram in Aircel-Maxis money laundering case

Enforcement Directorate (ED) questioned Former Union Minister P Chidambaram in the Aircel-Maxis money laundering case on Tuesday...

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ED slaps fine of Rs 121 crore on BCCI, former officials accused of violating FEMA law in 2009 edition of IPL

The Enforcement Directorate (ED) has gone tough against the Board Of Control For Cricket In India (BCCI) and its former higher authorities and slapped a penalty of over 121 crore rupees for violation of the FEMA law in the 2009 edition of the Indian Premier League (IPL)...

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ED attaches Nirav Modi’s wind farm worth Rs 53 crore over his involvement in #PNBScam

Taking a stern action against billionaire jeweler Nirav Modi for his involvement in the Rs 13,000 crore Punjab National Bank (PNB) scam, the Enforcement Directorate (ED) on Wednesday attached a Rs 52.80 crore wind farm. Notably, the ED attached a Rs 52.80 crore wind farm owned by Nirav Modi's family in Rajasthan's Jaisalmer in connection with an investigation in the Rs 13,000 crore Punjab National Bank (PNB) scam. ED also issued a provisional order for attachment under the Prevention of Money Laundering ..

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Bribe, emails and corruption: CBI registers case against AirAsia airlines over violation of aviation norms

In a new chapter of major scams of corruption in India, the low cost Airasia airlines have landed up in a massive trouble. Central Bureau of Investigation (CBI) registered an FIR against group promoter Anthony Francis Fernandes, directors of Air Asia (India) Limited, alleged lobbyists and unknown officials of the civil aviation ministry, accusing them of violating Foreign Investment Promotion Board (FIPB) norms and trying to secure international flying licenses in involvement with government officers...

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Aircel-Maxis deal: Delhi court grants P Chidambaram interim protection from arrest

Former Union minister P Chidambaram has knocked the doors of Delhi court seeking protection from arrest in the Aircel Maxis money laundering case, today. Chidambaram moved his plea for anticipatory bail before Special Judge O P Saini, who directed the senior Congress leader to appear before the Enforcement Directorate, ED, on the 5th of next month as already summoned by the agency. ..

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ED to seek immediate confiscation of Nirav Modi's assets under new Fugitive Economic Offenders Ordinance

The Enforcement Directorate (ED) is set to move a special court in Mumbai to seek permission for immediate confiscation of about seven thousand crore rupees assets of PNB scam accused Nirav Modi under the recently promulgated Fugitive Economic Offenders Ordinance...

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India bags two medals in Archery World Cup Stage II in Turkey

In Archery, India stood with proud by bagging two medals in Turkey when it opened its account at the second stage of the World Cup Stage II at Antalya in Turkey with Silver and a Bronze medal in the Compound section...

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PNB Fraud case: CBI Court orders to issue Non-Bailable warrant against Mehul Choksi

PNB Fraud case has got a further step towards justice as a special CBI court has taken cognizance of the second charge sheet filed in the 12,636-crore rupees PNB fraud case and ordered the issuance of a non-bailable warrant (NBW) against a key accused Mehul Choksi...

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IT dept traps black money of nearly 215 Cr in New Delhi

Black Money is something which has reached till our India’s roots and our Modi government is in full swing to fight against this issue. Income Tax department is the one which can find out the hidden black money by any means. Likewise, IT Department has unearthed black money of over 215 crores by conducting raids in the National Capital Region...

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PNB fraud case: ED staples fresh assets worth Rs 171 cr of Nirav Modi

In fresh action against Nirav Modi, the Enforcement Directorate (ED) has attached assets worth over 171 crore rupees owned by the absconding diamantine in connection with its money laundering probe in the over 2 billion dollars PNB fraud case on Monday...

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CBI files supplementary charge sheet against ‘Wanted’ Mehul Choksi, his companies in PNB scam

The Central Bureau of Investigation (CBI) taking a step forward on Wednesday filed a supplementary charge sheet against Mehul Choksi and his companies under Gitanjali Group in connection with Rs 13,000 crore Punjab National Bank (PNB) scam involving billionaire jeweler Nirav Modi...

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After PNB, Bank of India reaches Hong Kong court to recover $6.25 million from Nirav Modi; files lawsuit

The Bank of India (BOI) has filed a lawsuit against the fugitive offender Nirav Modi and his companies in a Hong Kong court in a bid to recover money he received on the basis of illegally-secured letters of undertaking, or LoUs. The Bank of India has filed a lawsuit against fugitive offender Nirav Modi and his four companies including Firestar Diamonds and Firestar Diamonds International to around $6.25 million he received on the basis of fake LoUs. BOI became the second bank to file a lawsuit against ..

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Fugitive liquor baron Vijay Mallya loses case filed by 13 banks in UK Court

The UK High Court has shown thumbs down to Fugitive liquor baron Vijay Mallya on Tuesday by giving the verdict in the favor of a lawsuit filed by Indian banks which pleas to collect from him over 1.55 billion US dollars...

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ED goes tough on economic offenders including Vijay Mallya, Nirav Modi and Mehul Choksi; initiates process to confiscate assets

Days after Fugitive Economic Offenders Ordinance 2018 was approved, the Enforcement Directorate (ED) has initiated the process to confiscate properties of liquor baron Vijay Mallya, diamond merchant Nirav Modi and his uncle Mehul Choksi in different bank fraud cases...

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ED seizes property worth Rs 1,100 crore of Vadodara-based Diamond company in #BankFraudCase

The Enforcement Directorate (ED) taking a stringent action against Vadodara-based Diamond Power Infrastructure Limited (DPIL) Private Limited and seized assets worth Rs 1,100 crore in connection with its money laundering investigation in a bank fraud case. Notably, Vadodara-based Diamond Power Infrastructure Limited (DPIL) Private Limited is accused of cheating various banks to the tune of Rs 2,654 crore. DPIL through its related entities gained funds fraudulently by twisting and manipulating the ..

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Fugitive Economic Offenders Ordinance 2018 active now; fraudulent, economic absconders to be punished soon

In a bid to punish the fraudulent who cheat banks and escape from the country, the central government on Saturday approved Fugitive Economic Offenders Ordinance 2018 that provides for confiscating properties and assets of economic offenders...

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Another thunderbolt! CBI files charge sheet against Lalu Prasad and family over IRCTC scam

Things are really not in favour of Lalu Prasad Yadav as CBI files charge sheet against two companies and 12 people, including Former Railway Minister Lalu Prasad, his wife Rabri Devi and son Tejashwi Yadav, for alleged irregularities in granting an operational contract of two IRCTC hotels to a private firm...

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Delhi Court in no mood to send Karti Chidambaram inside the Jail; keeps him a free bird till May 2 in Aircel-Maxis case

Delhi Court today gave relief to Karti Chidambaram by granting interim protection from arrest till May 2 in two cases filed by the CBI and ED in the Aircel-Maxis matter arising out of the 2G spectrum cases...

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CBI arrest Income Tax Commissioner for accepting bribe of Rs 40 lakh

The Central Bureau of Investigation (CBI) has arrested Income Tax Commissioner in Assam under charges of accepting a bribe of Rs 40 lakhs. As per early reports, the Commissioner had sought a bribe of Rs 50 lakhs initially...

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#PNBScam : MEA seeks surrender of Nirav Modi from Hong Kong authorities

The Ministry of External Affairs on Tuesday ones again confirmed that the fugitive offender Nirav Modi, who was involved in Rs 13,000 PNB scam is in Hong Kong. Notably, the development also comes one and half month after the biggest fraudulent case hit Mumbai in the month of February where Punjab National Bank reported that it has detected fraudulent and unauthorized transactions in one of its branches in Mumbai. The cumulative fraud amounts stand to Rs 13000 crores...

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#PNBScam : ED seeks information of businesses, assets owned by Nirav Modi, Mehul Choksi from thirteen countries

Taking a step forward in Rs 13,000 PNB scam, the Enforcement Directorate (ED) on Tuesday reached out to 13 countries to obtain information of the businesses and assets owned by diamond merchant Nirav Modi and his uncle Mehul Choksi. The Enforcement Directorate has sent letters rogatory (LRs) to the thirteen countries including Singapore, South Africa, the United Kingdom, Dubai, Belgium, the United States, Russia, France, China, and Hong Kong among others seeking information of the businesses and assets ..

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CBI questions former deputy governor of RBI Harun Rashid Khan in Rs 13,000 cr #PNBScam

In the latest move, the Central Bureau of Investigation (CBI) on Friday questioned former deputy governor of Reserve Bank of India (RBI) Harun Rashid Khan in its probe related to Rs 13,000 crore scam involving billionaire jeweler Nirav Modi...

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Govt asks PNB, investigation agencies to share details of Rs 13,000 crore fraud to apex body of Chartered Accountants

Months after Punjab National Bank was hit hard by more than Rs 13,000 crore scam involving billionaire jeweler Nirav Modi, the central government on Tuesday asked the bank and investigation agencies to share details of the fraud with the Institute of Chartered Accountants of India (ICAI)...

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#PNBScam : CBI interrogates officers of GM, DGM rank of other banks issued LoUs to Nirav Modi

Months, after Punjab National Bank was hit hard by more than Rs 13,000 crore scam involving billionaire jeweler Nirav Modi, the Central Bureau of Investigation (CBI), has questioned five officers of GM and DGM rank of Bank of India, Allahabad Bank and Axis bank...

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After being hit hard by Rs 13,000 crore scam, PNB decides to tighten lending process

After being hit hard by more than Rs 13,000 crore scam involving billionaire jeweler Nirav Modi, the Punjab National Bank has decided to tighten loan disbursement and set up a monitoring mechanism to check loan slippages and fraud under newly introduced Mission Parivartan drive...

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CBI Special Court extends judicial custody of 11 accused including Gokulanath Shetty, Vipul Ambani in #PNBScam

A special Central Bureau of Investigation (CBI) on Wednesday extended judicial custody of 11 accused including Gokulanath Shetty and Vipul Ambani till 11th April in connection with the Rs 12,700-crore Punjab National Bank loan fraud case involving billionaire jeweler Nirav Modi...

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ED arrests Shyam Sunder Wadhwa, a close confidant of billionaire jeweler Nirav Modi in #PNBScam

The Enforcement Directorate (ED) on Wednesday arrested Shyam Sunder Wadhwa, a vice president of Firestar Group of companies in connection with the Rs 12,700-crore Punjab National Bank loan fraud case involving billionaire jeweler Nirav Modi...

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#PNBScam: ED dives in Nirav Modi’s Samudra Mahal and staples assets worth 26 Cr

Enforcement Directorate (ED) has attached properties worth Rs 26 crore in the PNB fraud case on Saturday. According to the information provided by the ED, on Thursday, Nirav Modi’s luxury house 'Sagar Mahal' located in Mumbai was searched by the CBI team, which continued till Saturday morning...

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D-Day for Lalu Prasad! CBI Court to pronounce verdict on fourth Fodder Scam case today

Sighting the long story of corruption and fraud in the fodder scam case would finally come to an end. The D-Day for Rashtriya Janata Dal (RJD) Chief Lalu Prasad Yadav has arrived as the special CBI court in Ranchi is scheduled to pronounce judgment in the fourth fodder scam case today...

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In a major development, CBI registers additional FIR against Nirav Modi for cheating PNB of Rs 321 crore

The Central Bureau of Investigation on Thursday filed a fresh case against fugitive billionaire Jewler Nirav Modi and top officials of his firm Firestar Diamond on a complaint by Punjab National Bank that it was cheated of Rs 321 crore by availing different credit facilities between the year 2013 and 2017...

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Congress Exposed! UPA regime helped billionaire Jeweler Nirav Modi, Mehul Choksi to import 2000 Kg gold without verification

Exposing Congress party over its support for corruption on Wednesday, Law and Justice Minister Ravi Shankar Prasad said that the UPA government helped billionaire Jeweler Nirav Modi and his accomplice Mehul Choksi by allowing import of around 2,000-kilogram gold without any verification...

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Delhi High Court seeks ED reply to Nirav Modi’s plea of searching his properties in #PNBScam

The Delhi High Court on Wednesday issued a notice to the Enforcement Directorate (ED) after billionaire jeweler Nirav Modi’s company Firestar Diamond International filed a plea challenging the probe agency’s authority to search its properties in the Rs 12,700-crore Punjab National Bank loan fraud case. Notably, Nirav Modi is accused of cheating the Punjab National Bank of Rs 12,703 crore...

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INX Media case: Apex court refuses to give interim protection to Karti Chidambaram

The Supreme Court of India Tuesday declined to grant any protection to former union finance minister P Chidambaram’s son Karti Chidambaram from impending arrest by the Enforcement Directorate (ED) in an alleged money laundering case related to INX Media...

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CBI nabs Gitanjali Group’s VP Vipul Chitalia in #PNBScam

The Central Bureau of Investigation (CBI) on Tuesday arrested Vipul Chitalia, the vice president of Gitanjali Group of Companies in connection with the Rs 12,700-crore Punjab National Bank loan fraud case involving billionaire jeweler Nirav Modi...

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CBI takes Karti Chidambaram to Mumbai for questioning in #INXMediaCase

The Central Bureau of Investigation (CBI) today took Karti Chidambaram, son of former Finance Minister and senior Congress leader P Chidambaram to Mumbai for further investigation in the INX Media money laundering case...

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Mumbai Court remands PNB auditor Bishnubrata Mishra to CBI custody in connection with #PNBScam

A special Court in Mumbai on Friday Punjab National Bank's Retired Internal Chief Auditor Bishnubrata Mishra to CBI custody till the 14th of March in connection with the Rs 12,700-crore Punjab National Bank loan fraud case involving billionaire jeweler Nirav Modi...

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After 15 years of long wait, Fugitive Economic Offenders Bill that aims to punish economic absconders approved

Eradicating corruption from the country is the prime agenda of Prime Minister Modi led central government. Empowering law enforcement agencies were must and the Fugitive Economic Offenders Bill will exactly do the same. However, the wait was too long but finally, PM Modi led government has approved ‘Fugitive Economic Offenders Bill’ which will empower law enforcement agencies to confiscate the assets of economic absconders till they submit to the jurisdiction of law in India...

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CBI nabs Punjab National Bank's internal chief auditor MK Sharma in connection with #PNBScam

The Central Bureau of Investigation (CBI) on Wednesday arrested PNB’s internal chief auditor MK Sharma in connection with the Rs 12,700-crore Punjab National Bank loan fraud case involving billionaire jeweler Nirav Modi. The move comes few days after the PNB bank on Monday revealed an additional unauthorized transaction related to the scam by billionaire jeweler Nirav Modi and Mehul Choksi, increasing the estimated size of the fraud by Rs 1,322 crore. The latest increase means that the total fraud ..

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