12th May 2020
On a cold day in March of last year, I found myself standing outside a public latrine in London’s Soho Square, waiting for India’s most-wanted man. He was Nirav Modi, a diamond dealer who for the past 14 months had been on the run from India, accused of having defrauded… Read More
7th May 2020
The Enforcement Directorate on Wednesday filed a chargesheet against Yes Bank Ltd. co-founder Rana Kapoor, arrested on money laundering charges, in a special court in Mumbai.  Kapoor, former managing director and chief executive officer of Yes Bank, was arrested by the ED on March 8 under the Prevention of… Read More
27th April 2020
The CBI on Sunday took custody of Kapil and Dheeraj Wadhawan in connection with the Yes Bank case. The two were earlier kept in quarantine after they were tracked down to Satara in Maharashtra. “Non-bailable warrants were pending against the Wadhawans in the case registered in March. The… Read More
22nd April 2020
An Indian court on Tuesday quashed efforts by the federal government to impose a ban on auditors Deloitte Haskins & Sells LLP and a KPMG affiliate for their alleged abetment of a financial fraud at a domestic firm. The government had sought to impose a five-year ban on Deloitte and… Read More
21st April 2020
Former billionaire Vijay Mallya lost a U.K. appeal to block his extradition to India, putting the fallen tycoon one step closer to facing fraud and money-laundering charges in his home country. A London court upheld a 2018 ruling to send him back to India over allegations that Mallya made… Read More
17th April 2020
The Enforcement Directorate has filed a money laundering case to investigate the entire funding of Tablighi Jamaat Markaz at Nizamuddin, both from within India and abroad, using which it organises religious congregations and travel of foreigners to different states, two officials confirmed to HT. The central anti-money laundering probe… Read More
16th April 2020
Switzerland’s tax authorities on Wednesday issued public notices for Indian businessman Ratul Puri, his father and two offshore firms linked to them after India sought details of their Swiss bank accounts for allegedly having illicit funds. In separate notices published in the Swiss government’s federal gazette, Ratul Puri and his… Read More
10th March 2020
The ED is looking into more multi-crore rupees loans issued by Yes Bank to corporate houses that turned non-performing assets as part of its money laundering investigation against its arrested promoter Rana Kapoor, officials said on Monday, 9 March. They said the agency has widened its probe in the case… Read More
9th March 2020
An Indian court on Sunday remanded the founder and former managing director of crisis-hit Yes Bank Ltd (YESB.NS) in police custody until March 11 after he was arrested on money-laundering charges. India’s Enforcement Directorate, the country’s federal financial crime agency, arrested Rana Kapoor early on Sunday after hours of… Read More
6th March 2020
Court ruled that cryptocurrency exchanges have not adversely impacted the nation’s economy. India’s Supreme Court has overturned an almost two-year ban on cryptocurrency trading that was enforced by the country’s central bank. The ban, imposed by the Reserve Bank of India (RBI) in April 2018 due to concerns of consumer… Read More