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Prevention of Money Laundering Act, 2002 (ISO: Dhana-Śōdhana Nivāraņa Adhiniyama, 2002) is an Act of the Parliament of India enacted by the Indian Government to prevent money laundering and to provide for confiscation of property derived from money laundering. [1] [2] PMLA and the Rules notified thereunder came into force with effect from 1 ...
Financial Intelligence Unit—India (FIU-IND) is an organisation under the Department of Revenue, Government of India which collects financial intelligence about offences [1] under the Prevention of Money Laundering Act, 2002. It was set up in November 2004 and reports directly to the Economic Intelligence Council (EIC) headed by the Finance ...
On 8 June 2020, The Prevention of Money Laundering Act (PMLA) Court has ordered a confiscated of nearly Rs 1,400 crores worth property of Nirav Modi. [27] In May 2020, the UK court adjourned the Nirav Modi trial until September 2020, on the Five-day extradition trial hearing.
The group collected around ₹ 200 to 300 billion (US$4–6 billion [5]) from over 1.7 million depositors [6] before it collapsed in April 2013. In the aftermath of the scandal, the State Government of West Bengal where the Saradha Group and most of its investors were based instituted an inquiry commission to investigate the collapse. [ 7 ]
Two Indian chemical companies have been indicted for allegedly importing ingredients for the highly addictive opioid fentanyl into the United States and Mexico, the U.S. Department of Justice said ...
A Chainalysis report showed $8.6 billion worth of cryptocurrency was laundered in 2021, marking a 30% increase over 2020. Cybercrooks laundered $8.6 billion worth of dirty crypto last year as ...
[5] [6] The company had incurred losses [4] before its holdings were transferred to Young India in 2011. [7] [8] AJL published the National Herald newspaper in English, Qaumi Awaz in Urdu and Navjeevan in Hindi until 2008. AJL also owns real estate property in various cities including New Delhi, Lucknow, Bhopal, Mumbai, Indore, Patna and Panchkula.
The body of an Indian journalist who had reported on alleged corruption in the country has been found in a septic tank in Chhattisgarh state. Mukesh Chandrakar, 32, went missing on New Year's Day ...