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Showing posts with the label ED

Karti Chidambaram in custody, to appear in court today: Top 10 developments

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A regular CBI court on Thursday will hear the agency, which sought a 15-day remand of Karti Chidambaram in the INX Media case Karti Chidambaram, businessman and former finance minister P Chidambaram's son, will be produced before the Patiala House Court on Thursday in connection with the so-called INX Media money-laundering case. Karti had been arrested by the Central Bureau of Investigation (CBI) at the Chennai airport on Wednesday morning and taken into custody by a team of CBI officers on his return from the United Kingdom. He was produced before a Delhi court, which sent him to CBI custody for one day. Karti Chidambaram's remand will last until 12.30 pm on Thursday when a regular CBI court will hear the probe agency. The central probe agency had sought a 15-day remand for his custodial interrogation. He will be produced before a CBI court on Thursday, All India Radio News has reported. The CBI justified Karti's arrest by taking the ground of his no...

Want to come to India but passport suspended: Vijay Mallya

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Can't Attend Court, Passport Was Cancelled, Claims Vijay Mallya Liquor baron   Vijay Mallya   on Friday informed a Delhi court that he wants to come to India but is unable to travel back as his passport has been suspended by Indian authorities. Mallya made the submission through his counsel before Chief Metropolitan Magistrate Sumit Dass in a case lodged for allegedly evading summons in connection with a FERA violation matter. On July 9, the court had cancelled the exemption from personal appearance granted to him and had directed him to appear before it. In his application moved through senior advocate Ramesh Gupta, Mallya requested the court that some time be given so that his appearance can be secured. The counsel submitted the copy of an email sent by Mallya, stating that his passport was suspended on April 23, 2016 without giving him any opportunity of being heard. Enforcement Directorate (ED), however, told the court that Mallya is already evading proceed...

Rs 4,000-crore USL funds transfer under scanner

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The Enforcement Directorate (ED) and Reserve Bank of India have launched a probe into the transfer of Rs 4,000 crore from United Spirits Ltd (USL) to the British Virgin Islands in early 2007 by the company before it was taken over by Diageo in 2012. A probe into the transfer was first ordered by a division Bench of the Karnataka High Court on December 20, 2013, Show full article