The Enforcement Directorate has taken possession of four villas and 6.75 acres of land in Kerala’s Munnar district as part of a money laundering investigation against the banned Popular Front of India. The assets are worth a total Rs 2.53 crore (book value) and belong to Munnar Villa Vista Pvt Ltd. They were… Continue reading ED takes possession of villas, land in money laundering case against PFI
Tag: laundering
SC rejects YES Bank founder Rana Kapoor’s bail in money laundering case
The Supreme Court (SC) on Friday rejected bail plea of YES Bank’s founder Rana Kapoor in connection with a money laundering case, saying the case had “rocked the entire banking system”. The court also questioned why the Enforcement Directorate (ED) is taking so long to investigate the Rs 3,642-crore YES Bank scam. … Continue reading SC rejects YES Bank founder Rana Kapoor’s bail in money laundering case
GST evasion, money laundering, bank fraud cases & more
Rs. 14,302 cr of GST evasion detected in April, May As many as 2,784 cases of GST evasion involving Rs. 14,302 crore were detected in the first two months of the current financial year, while Rs. 5,716 crore was recovered during the period, Parliament was informed on Monday. Finance Minister Nirmala Sitharaman in… Continue reading GST evasion, money laundering, bank fraud cases & more