26th February 2020
The United States is preparing to impose more sanctions on Venezuela’s oil sector, President Donald Trump said on Tuesday, in an attempt to choke financing to President Nicolas Maduro’s government. “You will be seeing something on that in the not too distant future,” Trump told a news conference in Delhi… Read More
13th February 2020
The alleged mastermind of the 2008 attacks in Mumbai has been jailed in Pakistan for nearly six years on terror financing charges. Hafiz Saeed is wanted by Washington and New Delhi for allegedly planning the 2008 attack on India’s financial capital, when 10 Islamist militants armed with assault rifles,… Read More
12th February 2020
Former Indian billionaire Vijay Mallya returned to a London court to fight extradition to his home country to face fraud and money-laundering charges. The tycoon’s lawyers said at a hearing Tuesday that a previous ruling to send him back to India ignored evidence and simply misunderstood the circumstances that ultimately… Read More
21st January 2020
Karti Chidambaram, son of former Union minister P Chidambaram, appeared before the Enforcement Directorate on Monday for questioning in the INX Media money-laundering case, officials said. The investigating officer of the case recorded the statement of Karti, a Congress Member of Parliament from Tamil Nadu’s Sivaganga, under the Prevention of… Read More
14th January 2020
India’s Supreme Court has allowed the federal anti-money laundering agency to seize assets of JPMorgan Chase & Co.’s India unit, if needed, for allegedly violating foreign investment rules, according to a lawyer who was part of the proceedings. The court had in July asked the Enforcement Directorate to probe… Read More
2nd January 2020
A special court in Mumbai has permitted a consortium of 15 banks led by the State Bank of India (SBI) to utilise movable assets of former liquor baron Vijay Mallya towards repayment of his debt. The assets, comprising financial securities like shares of the United Breweries Holdings Ltd (UBHL), were… Read More
1st January 2020
The 32,000-page charge sheet lays out charges against three executives from PMC Bank and two promoters of HDIL, which received about 67bn rupees in ‘hidden’ loans. Indian police have filed a 32,000-page charge sheet accusing five individuals of cheating, fraud, destruction of evidence and falsification of documents in the PMC Bank… Read More
26th December 2019
The economic offences wing (EOW) is all set to file a charge sheet in the case of the ₹6,670-crore fraud at Punjab and Maharashtra Co-operative (PMC) Bank. “My officers have prepared a very comprehensive charge sheet, leaving no room for any aspect of the case to remain unexplored,” said commissioner… Read More
6th December 2019
The Trump administration Thursday placed a $5 million bounty on the leader of a Russian hacker group called Evil Corp for his alleged work for Moscow’s intelligence agency, part of what U.S. officials say is a broader reprisal for a Kremlin-directed cyber offensive against the U.S. The State Department’s action against Maksim Yakubets… Read More
18th October 2019
An Indian court on Thursday sent the former managing director of Punjab and Maharashtra Co-operative (PMC) Bank, Joy Thomas, to jail as a probe into an alleged 43.55 billion rupees ($610 million) fraud intensifies. Thomas stands accused in a police complaint of criminal breach of trust, forgery and falsification of… Read More