Did the millionaire meat exporter Moin Qureshi act as an extortionist at the behest of former CBI directors? The chargesheet filed against Qureshi under the Prevention of Money Laundering Act states that he had used his clout with several CBI directors to help several accused get relief.
The Enforcement Directorate has booked a case against Iqbal Kaskar, brother of Dawood Ibrahim. The case was booked under the provisions of the Prevention of Money Laundering Act.
The Enforcement Directorate which filed a case under the PMLA against Karti Chidambaram has decided to widen the probe. Enforcement Directorate sources say it will probe the alleged proceeds of crime generated in the case and may also attach assets of the various accused.
The Enforcement Directorate has filed a case under the provisions of the Prevention of Money Laundering act against Karti Chidambaram son of former union minister union minister P Chidambaram. The ED is likely to issue summons to him soon. Karti is however away at London.
The Enforcement Directorate has taken over possession of the Mandwa Farms worth Rs 100 crore controlled by liquor baron, Vijay Mallya. The farm is 17 acres. The action comes a day after the appellate tribunal New Delhi under the Prevention of Money Laundering Act had dismissed an appeal filed by Mandwa Farms Pvt Ltd against allowing Enforcement Directorate to take possession of its property controlled by Vijay Mallya.
There is more trouble brewing for Karti Chidambaram son of former union minister, P Chidambaram as the Enforcement Directorate is set to file a case under the provisions of the Prevention of Money Laundering Act.
The attachment of assets was carried out under the Prevention of Money Laundering Act.
A key focus of the Union Budget-2015 was the steps that the government proposes to take on the issue of black money. The BJP’s mantra during the election campaign was bringing back black money and the budget dealt to a large extent with just that.
Laws to prosecute those who have illegal money or carrying out benami transactions would face stringent punishment. Laws would also deal strongly with financial institutions abetting people to hide black money.