MONEY LAUNDERING CASES

former-ias-officer-singhvi-surrenders-before-ed-court

Former IAS officer Singhvi surrenders before ED court

A Retired IAS officer Ashok Singhvi has surrendered before a special ED court on June 1. He is an accused in a money laundering case. Singhvi, the former principal secretary (mines) in Rajasthan, surrendered before the special ED court in the matter related to a mining scam which was unearthed by Rajasthan Anti-Corruption Bureau in 2015.

 

Later, the ED had initiated an investigation against Singhvi and other accused involved in the scam. The court had issued a non-bailable arrest warrant against Singhvi in January last year, which was challenged in the High Court. The High Court upheld the special court’s order, following which Singhvi has now surrendered.

02 Jun 2020
ed-gets-custody-of-wadhawan-brothers-in-dhfl-case

ED gets custody of Wadhawan brothers in DHFL case

ED has arrested DHFL promoters -- Kapil Wadhawan and his brother Dheeraj Wadhawan -- in connection with a money laundering case of Yes Bank. They were produced before a special PMLA court, which remanded them to ED’s custody till May 24.

 

Bombay HC had rejected their anticipatory bail plea on May 12 saying that custodial interrogation was needed because of the serious nature of allegations such as money laundering and the accused had entered into a conspiracy with several others, including Yes Bank promoter Rana Kapoor and his family members.

 

ED had initiated proceedings against Wadhawans based on an FIR registered by the CBI on March 7 against Kapoor for conspiracy, cheating and under relevant provisions of the Prevention of Corruption Act.

 

It is alleged that Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL and Kapoor received Rs 600 crore as kickbacks from DHFL, in the form of loan advanced to two firms, DOIT Urban Ventures (India) Private Ltd and Morgan Credits Private Ltd.

15 May 2020
former-ias-officer-singhvi-surrenders-before-ed-court

Former IAS officer Singhvi surrenders before ED court

By IndianMandarins 02 Jun 2020

A Retired IAS officer Ashok Singhvi has surrendered before a special ED court on June 1. He is an accused in a money laundering case. Singhvi, the former principal secretary (mines) in Rajasthan, surrendered before the special ED court in the matter related to a mining scam which was unearthed by Rajasthan Anti-Corruption Bureau in 2015.

 

Later, the ED had initiated an investigation against Singhvi and other accused involved in the scam. The court had issued a non-bailable arrest warrant against Singhvi in January last year, which was challenged in the High Court. The High Court upheld the special court’s order, following which Singhvi has now surrendered.

ed-gets-custody-of-wadhawan-brothers-in-dhfl-case

ED gets custody of Wadhawan brothers in DHFL case

By IndianMandarins 15 May 2020

ED has arrested DHFL promoters -- Kapil Wadhawan and his brother Dheeraj Wadhawan -- in connection with a money laundering case of Yes Bank. They were produced before a special PMLA court, which remanded them to ED’s custody till May 24.

 

Bombay HC had rejected their anticipatory bail plea on May 12 saying that custodial interrogation was needed because of the serious nature of allegations such as money laundering and the accused had entered into a conspiracy with several others, including Yes Bank promoter Rana Kapoor and his family members.

 

ED had initiated proceedings against Wadhawans based on an FIR registered by the CBI on March 7 against Kapoor for conspiracy, cheating and under relevant provisions of the Prevention of Corruption Act.

 

It is alleged that Yes Bank invested Rs 3,700 crore in short-term, non-convertible debentures of DHFL and Kapoor received Rs 600 crore as kickbacks from DHFL, in the form of loan advanced to two firms, DOIT Urban Ventures (India) Private Ltd and Morgan Credits Private Ltd.

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