Rs 6,000 cr remitted from Bank of Baroda to Hong Kong; CBI files charge sheet
Delhi/IBNS: The Central Bureau of Investigation has filed two supplementary charge sheets in relation to the alleged illegal remittance of Rs 6,000 crore from Delhi's Bank of Baroda branch to Hong Kong, in the garb of payment for imports, media reported.
Govt will not ban but regulate all private cryptocurrencies: Report
New Delhi/IBNS: The government has suggested regulating rather than banning the private cryptocurrency while maintaining that it will not be recognised as a legal tender in India.
Govt working on a new bill on cryptocurrency: Sitharaman tells Rajya Sabha
New Delhi/IBNS: The government is working on a new bill on cryptocurrency and it will be presented before the Union Cabinet soon for approval, Finance Minister Nirmala Sitharaman told the Rajya Sabha on Tuesday.
Crypto markets fall as govt readies to pass bill to bar pvt cryptocurrencies
New Delhi/IBNS: The crypto markets fell sharply in India after the news of the government introducing a Bill to prohibit all private cryptocurrencies in the Parliament, leaving a few in order to "promote the underlying technology of cryptocurrency and its uses".
Govt may permit crypto as an asset, not as currency: Report
New Delhi/IBNS: The government is currently in the process of framing laws on cryptocurrency after concerns were raised over unregulated crypto markets and how they can be prevented from becoming avenues for money laundering and terror financing. The new laws may not allow the use of cryptocurrencies to settle transactions or make payments but may allow people to hold them as assets like shares, gold or bonds, ET reported citing sources.
ED seizes hotel in London in money laundering probe against Unitech Group
Delhi/IBNS: The Enforcement Directorate (ED) has seized a hotel in London worth Rs 58.61 crore in connection with a money laundering case against real estate company Unitech Group and its owners Sanjay Chandra and Ajay Chandra, according to media reports.
Nirav Modi's sister, her husband turn approver against him in PNB case
New Delhi/IBNS: Trouble could be mounting for fugitive diamond merchant Nirav Modi wanted in Punjab National Bank money laundering case as his sister and her husband have turned approver against him, said media reports.
ED attaches assets worth Rs 2.70 cr in Sanket Media money laundering case
New Delhi/UNI: Directorate of Enforcement (ED) on Monday said that it has provisionally attached assets worth Rs 2.70 crore of Sanket Media Pvt Ltd, its Director PVS Sarma in a case related to cheating and forgery under Prevention of Money Laundering Act (PMLA) 2002.
ED files first chargesheet against Kochars, Dhoot in ICICI Bank money laundering case
Mumbai/IBNS: Enforcement directorate (ED) on Wednesday filed its first chargesheet ICICI Bank chief Chanda Kochhar, her husband Deepak Kochhar, Videocon International Electronics Ltd, Videocon Industries Ltd, Venugopal Dhoot, Nu Power Renewables Ltd, Supreme Energy Pvt Ltd, said a mint report.
ED attaches three hotels worth Rs 100 crore in PMC Bank money laundering case
New Delhi/IBNS: The Enforcement Directorate (ED) has attached three hotels in Delhi valued at Rs 100 crore in connection with its investigation in a money laundering case linked to Punjab Maharashtra Cooperative (PMC) bank fraud, officials said, according to a media report.
ED attaches Yes Bank founder Rana Kapoor's properties worth Rs 1,400 cr
Mumbai/IBNS: The Enforcement Directorate on Thursday seized Yes Bank founder Rana Kapoor and his family's assets worth over Rs 1,400 crore, including properties in London, New York and Mumbai under the anti-money laundering law, media reports said.
Yes Bank crisis: CBI searches 7 locations, files FIR against 5 companies, Rana Kapoor's family
Mumbai/IBNS: A day after CBI registered an FIR against Yes Bank founder and its former MD Rana Kapoor under charges of criminal conspiracy and cheating, the central investigating agency searched seven locations in connection with the Yes Bank scam case, media reports said.
ED launches enquiry of records at 50 banks
New Delhi, Dec 7 (IBNS) : The Enforcement Directorate on Wednesday started an 'enquiry of records' operation at over 50 bank branches across the country to detect money laundering and hawala dealing instances post demonetisation, reports said.