The Delhi High Court has ruled that, even in cases where an appeal against the accused’s acquittal in the predicate offence is still pending, no actions taken under the Prevention of Money Laundering Act (PMLA), including the attachment of properties, may proceed after the accused is found not guilty. In a ruling made public on […]
No PMLA property attachment following a planned offense conviction: Delhi High Courtmore
NEW DELHI: 413 agricultural land parcels in Sindhudurg, Maharashtra, totaling over 1,807 acres have been attached by the Directorate of Enforcement (ED) about a bank loan fraud case involving Punjab and Maharashtra Co-operative Bank (PMC). The agency stated on Tuesday that the 1,807 acres that were attached had a registered value of Rs 52.90 crore, […]
In the PMC bank scam case, ED attaches a 1,807-acre land lot in Sindhudurg.more The high court also set aside the Lookout Circulars (LOC) issued against those employees in an order issued on Monday and stated that there would be no search, seizure, or summons arising from the Enforcement Case Information Report (ECIR). NEW DELHI: The Delhi High Court has quashed the Enforcement Directorate’s ECIR against India bulls Housing […]
The Delhi High Court has dismissed the ED’s ECIR against India Bulls Housing and Its Employees.more
On Friday, the Enforcement Directorate raided Yes Bank founder Rana Kapoor’s Mumbai residence in connection with an investigation of money laundering against him and others, officials said. They said that the raid was carried out in his residence at Samudra Mahal. Also, the officials said Kapoor is being questioned at his house by the ED […]
Yes Bank founder Rana Kapoor experiences raid in his residence by ED.more
