Lashkar operative convicted for terror financing, money laundering

A terrorist of the Lashkar-e-Tayiba has been sentenced to 7 years in jail by a court after being found guilty of money laundering.

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Mid-air forex smuggling: How the trap was set and operation carried out

devshiA few years back a Ghana Airways flight was raided by New York customs officials on the tarmac. Three flight attendants were apprehended with 45,000 US dollars and booked under provisions of money laundering.

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Mallya laundered Rs 500 crore says ED

Vijay Mallya--621x414Rs 500 crore of the Rs 900 crore loan taken from the IDBI bank by former liquor baron Vijay Mallya had been laundered the Enforcement Directorate has said. This was stated in the affidavit filed by the ED in the UK before the Crown Prosecution Service.

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Kashmir separatist Shabir Shah sent to JC in money laundering case

shabbirshahKashmir separatist, Shabir Shah accused in a money laundering case has been sent to judicial custody, Additional Sessions Judge Sidharth Sharma sent the accused to jail after the Enforcement Directorate (ED) submitted that he was not required for further custodial interrogation.

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Mysuru court convicts Pakistani terrorist

terroristA terrorist from Pakistan was convicted under the provisions of the Prevention of Money Laundering Act in Mysuru. The Principal City Civil and Sessions court, Mysuru sentenced Mohammed Fahad Hai to seven years rigorous imprisonment and slapped a fine of Rs 10,000.

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7 Hurriyat leaders arrested for money laundering by NIA

arrestThe National Investigation Agency has arrested 7 Hurriyat leaders in connection with a money laundering case. The NIA has arrested Nayeem Khan, Bitta Karate, Altaf Fantosh among others. The NIA had expressed its inability to interrogate these persons as they were in preventive custody. The NIA had made a formal request to arrest these persons for questioning.

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Money laundering: CBI team at Delhi Minister, Satyendra Jain’s residence

sateyneA CBI team has arrived at the residence of Delhi health minister Satyendra Jain in connection with an alleged money laundering case. The CBI is questioning the minister’s wife.

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Zakir Naik created firms with dummy directors to launder cash

zakirnaikIn a money laundering case, the Enforcement Directorate submitted a complaint against Aamir Gazdar, a close aide of controversial Islamic preacher, Zakir Naik. The ED says that Gazdar is an associate of Naik and operated as a front while dealing with funds of the Islamic Research Foundation.

The ED says in its complaint that an offence under the Prevention of Money Laundering Act has been committed.

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Non-bailable warrant issued against Zakir Naik

zakirnaikA special court has issued a non-bailable warrant against controversial Islamic preacher Zakir Naik. The court said that the warrant would be an open dated one. On Tuesday the Enforcement Directorate had moved the court seeking issuance of a non-bailable warrant against controversial against Naik. The application was moved in the Special Prevention of Money Laundering Court in Mumbai.

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ED seeks non-bailable warrant against Zakir Naik

zakirnaikThe Enforcement Directorate has moved a court seeking issuance of a non-bailable warrant against controversial Islamic preachers Dr Zakir Naik. The application was moved in the Special Prevention of Money Laundering Court in Mumbai.

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