Mumbai: Authorities are investigating top mobile phone carrier Bharti Airtel under provisions of the money laundering and foreign exchange rules, a minister said, sending its shares down as much as 5.1 per cent. The Directorate of Enforcement is investigating cases against Bharti, Minister of State for Finance SS Palanimanickam told Parliament on Tuesday, but declined to give further details. "It may not be in the interest of the ongoing investigations...
03:41 PM, May 15, 2012
New Delhi: Team Anna on Thursday released a set of documents that allude to "kickbacks and money laundering" in several defence and commercial deals of the Indian government, alleging that top government functionaries were aware of these. The team also alleged the involvement of an accused in the Naval War Room leak case in these deals, as indicated by these documents, though they did not want to take responsibility for...
12:31 AM, Apr 27, 2012
Islamabad: Pakistan Tehreek-i Insaaf (PTI) chief and former Pakistan cricket team captain Imran Khan came out strongly against Prime Minister Syed Yousuf Raza Gilani on Monday, saying that he must step down immediately. Khan was speaking in the aftermath of the Pakistan Supreme Court indicting Gilani for contempt of court over his failure to act on its orders against President Asif Ali Zardari in money laundering cases. "PM Gilani must...
03:15 PM, Feb 13, 2012
New Delhi: Pakistan Tehreek-i Insaaf (PTI) chief and legendary cricketer Imran Khan came out strongly against Prime Minister Syed Yousuf Raza Gilani on Monday, saying that he must step down immediately. Khan was speaking in the aftermath of the Pakistan Supreme Court indicting Gilani for contempt of court over his failure to act on its orders hauling up President Asif Ali Zardari in money laundering cases. "PM Gilani must step...
03:06 PM, Feb 13, 2012
Mumbai: The Enforcement Directorate (ED) on Tuesday registered a case against Speak Asia, a Singapore-based online survey company, under the Prevention of Money Laundering Act in connection with a multi-level marketing scam, sources said. The firm had allegedly duped over 12 lakh investors, also called as panelists, to the tune of Rs 1,300 crore, after assuring them commission if they introduced new members. Speak Asia had promised lucrative returns to...
10:31 PM, Jan 03, 2012
New Delhi/Hyderabad: YSR Congress chief YS Jagan Mohan Reddy may be questioned by the Enforcement Directorate (ED) in connection with the money laundering and foreign exchange violations case registered against him and his associates. Official sources said the Kadapa MP could be asked to appear before the agency either in Hyderabad or Delhi this week for a detailed questioning as the initial probe has been conducted after questioning few officials...
03:41 PM, Dec 18, 2011
London: Two Leicester-based businessmen of Indian origin in the UK are facing money-laundering charges, after the duo transferred 4.6 million pounds in cash to India and Dubai. The accused Harish Patel (55) and Ravindra Patel (50) have, however, denied the charges against them. The Leicester Crown Court, which is hearing the case, was on Monday shown CCTV footage of Ravindra taking the money into a local branch of the Bank...
06:32 PM, Dec 13, 2011
New Delhi: Former Jharkhand chief minister Madhu Koda has been in jail for two years on charges of being involved in the Rs 1,300 crore money laundering scam. However, investigations done so far by the CBI, Enforcement Directorate and Income Tax authorities throw up different figures. CNN-IBN has exclusively accessed final reports prepared by multiple investigating agencies and found all coming up with vastly different figures for the scam that...
06:27 PM, Dec 05, 2011
New Delhi: The Enforcement Directorate will attach an estimated Rs 50 crore of assets of Pune stud farm owner and alleged tax defaulter Hasan Ali Khan and his Kolkata-based associate Kashinath Tapuriah in a money laundering case. The Adjudicating Authority of the agency based in Delhi recently endorsed an order of ED's Mumbai office in this regard, paving way for attachment of the duo's immovable properties in Mumbai, Pune and...
01:05 PM, Nov 04, 2011
New Delhi: The Supreme Court on Friday cancelled the bail granted to Hasan Ali Khan by the Bombay High Court. The Enforcment Directorate had filed a petition seeking cancellation of Khan's bail. Khan is accused of money laundering. The ED, in its petition, alleged various transactions led by Khan through his foreign bank accounts, revealing his association with international arms dealer Adnan Khashoggi. A bench of justices Altamas Kabir and...
11:05 AM, Sep 30, 2011
New Delhi: The Supreme Court will deliver an order on the Enforcement Directorate's petition seeking cancellation of the bail granted to Hassan Ali Khan who has been accused of money laundering. A bench of justices Altamas Kabir and SS Nijjar reserved the order on the petition filed by ED challenging the August 12 order of the Bombay High Court granting bail to Khan. The ED, in its petition, alleged various...
08:31 AM, Sep 30, 2011
Hyderabad: The Reddys are in for more trouble. While the Central Bureau of Investigation (CBI) is vigorously pursuing the illegal mining case involving the Obulapuram Mining Company (OMC) owned by them, the Enforcement Directorate (ED) is all set to register a case to probe the money laundering angle in the huge wealth amassed by the Reddys. Unlike in the case pertaining to alleged illegal assets of Kadapa MP YS Jagan...
08:45 AM, Sep 17, 2011
Hyderabad: Enforcement Directorate has registered a money laundering case against former Congress leader YS Jaganmohan Reddy, days after CBI had searched various premises belonging to him. The case was registered after ED conducted a probe to trail the funds pumped by the MP and son of former Andhra Pradesh chief minister YS Rajasekhara Reddy and his associates into the companies owned by them. The agency, according to sources, is expected...
09:51 PM, Aug 30, 2011
New Delhi: The Supreme Court on Thursday extended till September 2 the stay on the release on bail of Pune-based stud farm owner Hasan Ali Khan who is accused in money laundering cases. The bail was granted earlier by the Bombay High Court. A bench of justices Altamas Kabir and SS Nijjar extended the stay after Additional Solicitor General Haren Rawal, at the fag end of the day-long hearing on...
09:20 PM, Aug 25, 2011
Hyderabad: The hope in YSR Congress seems to be fading in less than 36 hours as at least seven out of the 26 MLAs who had resigned from the assembly protesting the inclusion of late Chief Minister YS Rajasekhara Reddy's name in the CBI FIR in Kadapa MP Jagan Mohan Reddy's illegal assets case seeking to retracing their step. The seven MLAs got in touch with the Speaker's office on...
09:47 PM, Aug 23, 2011
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