How meat exporter Moin Qureshi extorted money at behest of former CBI directors

moinqureshiDid 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.

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Dawood’s brother booked by ED under PMLA

iqbalkaskar1The 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.

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After ED files PMLA case against Karti Chidambaram, probe ambit to widen

kartiThe 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.

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ED files case under PMLA against Karti Chidambaram, summons likely soon

kartiThe 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.

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ED takes possession of Rs 100 crore Mandwa farm controlled by Vijay Mallya

mandwavijay-mallya_4The 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.

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More trouble for Karti Chidambaram as ED gets set to file case under PMLA

karthiThere 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.

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ED attaches Rs 18.37 crore assets of Zakir Naik’s IRF

The Enforcement Directorate has attached assets worth Rs 18.37 crore of the Islamic Research Foundation. The IRF run by Dr Zakir Naik was banned by the union home ministry.

The attachment of assets was carried out under the Prevention of Money Laundering Act.

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Come back by month end: ED tells Zakir Naik

zakirnaikControversial Islamic preacher Dr Zakir Naik whose financial transactions are under the scanner will have to appear before the Enforcement Directorate by the end of this month. Under the scanner are the fund transfers that have taken place. It was also found that almost Rs 100 crore was invested in real estate.
The ED summons has been issued under the Prevention of Money Laundering Act or the PMLA. Naik is believed to be in Saudi Arabia currently. The ED says that he has been told to appear before the end of this month and record his statement.

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Dealing with black money after the budget

moneyA 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.

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