Adani News

Tag: Money laundering case

  • No relief to Manish Sisodia as High Court denies interim bail in money laundering case

    No relief to Manish Sisodia as High Court denies interim bail in money laundering case

    The Delhi High Court on Monday refused to grant interim bail to AAP leader Manish Sisodia in a money laundering case arising from the alleged excise policy scam.

    Justice Dinesh Kumar Sharma, however, allowed him to meet his ailing wife in custody for one day as per her convenience between 10 am and 5 pm.

    The former Delhi deputy chief minister had sought release on a temporary basis for six weeks on grounds that he was the sole caretaker of his ailing wife. His plea for regular bail in the matter is pending before the high court.

    Sisodia, who was arrested on March 9, is currently in judicial custody in the case lodged by the ED.

    The Enforcement Directorate (ED) had opposed the plea for interim bail on grounds of possibility of evidence tampering.

    The ED lawyer has also claimed that Sisodia’s wife has been suffering from such a medical condition for the last 20 years.

    The Delhi government implemented the policy on November 17, 2021 but scrapped it at the end of September 2022 amid allegations of corruption.

    On May 30, the court had dismissed the bail plea of Sisodia in the excise policy scam being probed by the CBI, saying he is an influential person and the allegations against him are very serious in nature.

    In the CBI case, the high court has kept the interim bail plea pending for July.  

  • Money laundering case: SC adjourns NCP leader Nawab’s plea for July

    Money laundering case: SC adjourns NCP leader Nawab’s plea for July

    NEW DELHI: The Supreme Court on Tuesday adjourned for July the hearing of a petition filed by former Maharashtra Minister Nawab Malik, who is in jail since February 23, 2022, in a money laundering case.

    A bench of Justices Sanjiv Khanna and MM Sundresh stated that the High Court will be at liberty to take up the matter in the meantime.

    Malik approached the Supreme Court aggrieved with the Bombay High Court adjourning his bail application to June 6.

    Senior advocate Kapil Sibal, appearing for Malik, urged the bench to specify that the matter be heard by the High Court next week, however, the apex court didn’t specify any date for the hearing in the High Court.

    Sibal had earlier told the bench that Malik is suffering from kidney failure. Malik approached the High Court after the trial court refused to grant him bail on November 30, 2022.

    The Directorate of Enforcement (ED) arrested Malik in February 2022 alleging that he usurped a property in Kurla with the help of Dawood Ibrahim’s late sister Haseena Parkar between 1999-2006.

    ED alleged that since Parkar handled Dawood’s illegal businesses, the money was ultimately used for terror funding.

  • ED attaches assets worth Rs 39.28 crore in money laundering case

    ED attaches assets worth Rs 39.28 crore in money laundering case

    New Delhi (IANS) | The Enforcement Directorate (ED) on Wednesday said it has attached movable and immovable assets worth Rs 39.28 crore belonging to one Virendra Kumar Ram and his family members in a money laundering case. The properties include a farmhouse, flat, duplex bungalow, land in Delhi, Jamshedpur and Ranchi and three bank accounts with a collective balance of around Rs 36 lakh.

    The ED had launched the money-laundering probe on the basis of an FIR registered by the Anti-Corruption Bureau, Jamshedpur.

    An ED official said, “The investigation has revealed that Virender Kumar Ram, as Chief Engineer in the Rural Works Department in Ranchi, earned proceeds of crime in the name of commission in lieu of allotment of tenders to contractors. Thus The proceeds of crime generated were used by Virendra. Ram and his family members lead a very luxurious lifestyle.”

    Earlier, searches were conducted at 30 premises linked to Virender Kumar Ram in different cities, in which various incriminating evidence were found and seized, the official said.

    Cash worth Rs 40 lakh, seven high-end luxury vehicles and jewelery worth Rs 1.51 crore were seized during the search operation, which were later found to be part of the proceeds of crime earned by the accused.

    Virendra Kumar Ram was arrested by the ED on February 23 after he was found guilty of money-laundering. He is currently lodged in Ranchi’s Hotwar Jail.

    Virendra Kumar Ram’s cousin Alok Ranjan was also arrested on 11 April after he was found guilty of assisting Virendra Kumar Ram in laundering the proceeds of crime.

    –IANS

  • Money laundering case: Anticipatory bail plea of ex-Maharashtra minister Mushrif rejected

    Money laundering case: Anticipatory bail plea of ex-Maharashtra minister Mushrif rejected

    Mumbai (IANS) | A special court in Mumbai on Tuesday rejected the anticipatory bail plea of former Maharashtra minister Hasan Mushrif in an alleged money-laundering (Prevention of Money Laundering Act) case. In the petition filed by NCP (NCP) leader and former minister Mushrif had said that he feared arrest by the ED in the name of investigation and recording of statement under the Prevention of Money Laundering Act (PMLA).

    The ED has argued that several crores of rupees were moved from two companies without any concrete business to support Sir Senapati Santaji Ghorpade Sugar Factory Pvt Ltd, in which Mushrif’s sons were directors or stakeholders.

    Mushrif, in his bail plea, said that the entire matter was a result of a political campaign launched by former Bharatiya Janata Party MP Kirit Somaiya.

    However, the ED refuted these arguments and said it was not pursuing the case against Mushrif, MLA from Kagal (Kolhapur) and former minister in the then Maha Vikas Aghadi government, for political reasons.

    The ED argued that Mushrif is trying to shift the blame on others, but that does not end the crime. After hearing both the sides, Judge MG Deshpande rejected the bail plea of Mushrif, who had applied for similar relief from the Bombay High Court.