No Prima Facie Case For Money Laundering Against Nalini Chidambaram In Saradha Chit Fund Scam: PMLA Court
4 months, 3 weeks ago

No Prima Facie Case For Money Laundering Against Nalini Chidambaram In Saradha Chit Fund Scam: PMLA Court

Live Law  

A Prevention of Money Laundering Act Court at Kolkata has dismissed the Enforcement Directorate complaint against Senior Advocate Nalini Chidambaram in relation to the Saradha Chit Fund Fund scam. 1,32,75,000/- was paid by Saradha Group to Nalini Chidambaram and there is no agreement entered between Saradha / Sudipta Sen and Nalini Chidambaram which would oblige him to pay that amount. While laying down the various scenarios of money laundering, the judge observed that in the present case Chidambaram, a senior advocate and tax consultant provided legal consultation to her client, Sudipta Sen or his Companies and Mrs. Manoranjana Sinh and received fees to the tune of Rs. I hold that no prima facie case for the offence under Section 3 punishable under Section 4 of the PML Act, 2002 is made out against accused, Mrs. Nalini Chidambaram, the court concluded.

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History of this topic

Chidambaram moves Delhi HC against INX media chargesheet cognisance
3 weeks, 5 days ago

Chidambaram moves Delhi HC against INX media chargesheet cognisance

New Indian Express  

NEW DELHI: Former Union Minister P Chidambaram on Wednesday moved the Delhi high court contesting the trial court’s cognisance of money laundering charges against him in the INX media case and argued that the mandatory sanction to prosecute him wasn’t obtained. Advocate N Hariharan appearing for the senior Congress leader argued that in 2021, when the trial court took cognisance …

PMLA court remands Priyavrat Mandhana to ED custody in ₹975 cr loan fraud
4 months, 3 weeks ago

PMLA court remands Priyavrat Mandhana to ED custody in ₹975 cr loan fraud

Hindustan Times  

MUMBAI: A special PMLA court on Tuesday remanded Priyavarat Purshottam Mandhana, booked in connection with the ₹975 crore bank loan fraud case against the Mandhana Industries Limited, to Enforcement Directorate custody till August 2. HT Image The bank loan fraud case came to light based on the complaint filed by Bank of Baroda in Mumbai against MIL, a liquidated textile …

‘Cannot compromise on self-respect’: Another MP resigns from YSRCP
9 months, 3 weeks ago

‘Cannot compromise on self-respect’: Another MP resigns from YSRCP

Hindustan Times  

YSR Congress Party MP from Ongole parliamentary constituency Magunta Srinivasulu Reddy on Wednesday resigned from the party stating that he would not like to continue in the party where “he had no respect”. However, a YSRCP leader familiar with the development said he and his son would be joining the Telugu Desam Party shortly and Raghava Reddy was assured of …

Money laundering case: PMLA court grants bail to ex-revenue officer
1 year, 2 months ago

Money laundering case: PMLA court grants bail to ex-revenue officer

Hindustan Times  

A Prevention of Money Laundering Act Special Court, Panchkula, granted bail to former district revenue officer-cum-land acquisition collector of Panchkula in a money laundering case linked to alleged financial fraud with the National Highways Authority of India and the Haryana State Infrastructural and Industrial Cooperation. Naresh Kumar Sheokhand, 63, former district revenue officer-cum-land acquisition collector of Panchkula had pressed on …

Accused in Karuvannur bank scam benami of MLA and ex-MP, ED tells PMLA court
1 year, 3 months ago

Accused in Karuvannur bank scam benami of MLA and ex-MP, ED tells PMLA court

The Hindu  

The Enforcement Directorate on Friday told the Special Prevention of Money Laundering Act court here that Satheesh Kumar P., who was arrested in connection with the multi-crore Karuvannur Cooperative Bank scam, was a benami of a former MP, a sitting MLA and high-ranking police officers. The ED investigating team said in its remand report that the forensic examination of Mr. …

PMLA in Consonance with Global Standards Set by Financial Action Task Force: Solicitor-General Tells Supreme Court
1 year, 7 months ago

PMLA in Consonance with Global Standards Set by Financial Action Task Force: Solicitor-General Tells Supreme Court

Live Law  

Provisions of the Prevention of Money Laundering Act, 2002 are in compliance with the global standard set by the Financial Action Task Force and a part of the intergovernmental response to organised crime, said Solicitor-General for India Tushar Mehta. On another day, senior counsel C Aryama Sundaram argued that he would read the judgement “as it stood” to support his …

Saradha: ED Attaches Assets of 'Beneficiaries', Including P Chidambaram's Wife, Ex-CPM MLA
1 year, 10 months ago

Saradha: ED Attaches Assets of 'Beneficiaries', Including P Chidambaram's Wife, Ex-CPM MLA

News 18  

The ED on Friday said it has attached assets worth more than Rs 6 crore of "beneficiaries" like Nalini Chidambaram, wife of former Union finance minister and Congress leader P Chidambaram, former CPM MLA Debendranath Biswas, and a company owned by former Assam minister late Anjan Dutta in the Saradha money laundering case. A provisional order for attaching movable properties …

No relief to TRS MP Nama Nageshwar Rao in ED case
2 years ago

No relief to TRS MP Nama Nageshwar Rao in ED case

Deccan Chronicle  

Hyderabad: The Telangana High Court on Friday refused to give relief to TRS Khammam MP Nama Nageswara Rao in a case filed by the Enforcement Directorate on Ranchi Expressway Limited, a subsidiary of Madhucon Group, which was accused for allegedly causing loss of around Rs 1,000 crore to a consortium of banks led by Canara Bank. Nageswara Rao had filed …

PMLA proceedings stayed on Rs 73 cr letter of credit
2 years ago

PMLA proceedings stayed on Rs 73 cr letter of credit

Deccan Chronicle  

Hyderabad: Justice K. Surender of the Telangana High Court stayed all further proceedings with respect to Varanasi Dileep in a case under Section 3 and 4 of Prevention of Money Laundering Act pertaining to a Rs 73 crore bogus letter of credit fraud. The Enforcement Directorate had initiated the money-laundering investigation into the petitioner and Khagesh Kachhwal on basis of …

Money laundering case against me opinionated: Anil Deshmukh tells Bombay High Court
2 years, 2 months ago

Money laundering case against me opinionated: Anil Deshmukh tells Bombay High Court

India Today  

A day after Supreme Court directions, the Bombay High Court again started hearing the bail application filed by former Maharashtra Home Minister and Nationalist Congress Party leader Anil Deshmukh in a money laundering case. Advocates Vikram Chaudhari, Aniket Nikam and Inderpal Singh appearing for Deshmukh argued that the Enforcement Directorate arrested Deshmukh based on evidence which he claimed was not …

Chinese Visa Scam: ED Assures Delhi High Court No Coercive Action Against Karti Chidambaram Till July 12
2 years, 5 months ago

Chinese Visa Scam: ED Assures Delhi High Court No Coercive Action Against Karti Chidambaram Till July 12

Live Law  

The Enforcement Directorate on Friday gave an oral assurance to the Delhi High Court of not taking any coercive action against Congress MP Karti P Chidambaram till July 12 in a money laundering case being probed by the agency in connection with alleged Chinese viva scam.Additional Solicitor General SV Raju appearing on behalf of Enforcement Directorate told the Court that …

ED's summons to Rahul 'baseless': Chidambaram
2 years, 6 months ago

ED's summons to Rahul 'baseless': Chidambaram

India TV News  

Highlights "I speak as a Congress member and an advocate, the summons are baseless," Chidambaram said "It is like accusing a person of the offence of ‘purse snatching," Chidambaram said Party leaders will express solidarity with Rahul Gandhi and march with him to ED’s office, he said With Rahul Gandhi set to appear before the Enforcement Directorate in a money …

Chinese Visa Scam: Delhi High Court To Hear Karti Chidambaram's Anticipatory Bail Plea In Money Laundering Case On June 8
2 years, 6 months ago

Chinese Visa Scam: Delhi High Court To Hear Karti Chidambaram's Anticipatory Bail Plea In Money Laundering Case On June 8

Live Law  

The Delhi High Court will hear on June 8 the anticipatory bail plea moved by Congress MP Karti P Chidambaram in a money laundering case registered by Enforcement Directorate in connection with alleged Chinese vivas scam.As the parties today were informed that Justice Poonam A Bamba, before whom the matter was listed, would hold Court in the post lunch session, …

"Offence of Money Laundering of Continuing Nature; Crime Has Traversed 20 Years," – Special Court In Nawab Malik's Remand Order
2 years, 9 months ago

"Offence of Money Laundering of Continuing Nature; Crime Has Traversed 20 Years," – Special Court In Nawab Malik's Remand Order

Live Law  

Observing that as per section 3 of the Prevention of Money Laundering Act, 2002, the offence of money laundering is "continuing in nature and it continues till such time a person enjoying the proceeds of crime by its concealment or possession or acquisition or use of untainted property or use or projecting the same as untainted property" the special judge …

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody
3 years, 4 months ago

Yes Bank Fraud Case: Gautam Thapar Remanded to 14-Day ED Custody

The Quint  

The Avantha Group promoter was arrested by the ED under the Prevention of Money Laundering Act after the investigation agency conducted raids against Thapar and the businesses associated with him, in Delhi and Mumbai. The CBI had filed an FIR alleging that Rana Kapoor, CEO of Yes Bank, had obtained illegal gratification of Rs 307 crore in the form of …

Saradha Chit Fund Scam: "CBI Couldn't Justify Her Further Custodial Detention" Debjani Mukherjee Granted Bail By Calcutta High Court
3 years, 6 months ago

Saradha Chit Fund Scam: "CBI Couldn't Justify Her Further Custodial Detention" Debjani Mukherjee Granted Bail By Calcutta High Court

Live Law  

The Calcutta High Court last week granted bail to Debjani Mukherjee, who is an accused in the multi-crore Saradha chit fund scam. The Court also observed that it would be a travesty of justice to keep her confined in jail any further if after the trial the petitioner is ultimately found to be innocent, however, she would continue to remain …

‘Janu paid ₹4.5 lakh to former CPI(M) MLA’
3 years, 6 months ago

‘Janu paid ₹4.5 lakh to former CPI(M) MLA’

The Hindu  

Muslim Student Federation State president P.K. Janu had paid ₹4.5 lakh to CPI leader and former Kalpetta MLA C.K. Speaking to media at Sulthan Bathery on Saturday, Mr. Navas said BJP State president K. Surendran had bribed Ms. Janu ₹50 lakh on two occasions to contest in the recent Assembly election as an NDA candidate in the Sulthan Bathery Assembly …

Saradha Chit Fund Scam: Calcutta HC Grants Bail to Accused Debjani Mukherjee After 8 Years
3 years, 6 months ago

Saradha Chit Fund Scam: Calcutta HC Grants Bail to Accused Debjani Mukherjee After 8 Years

News 18  

The Calcutta High Court has granted bail to the accused, Debjani Mukherjee, in relation to all her cases in the Saradha Chit fund Scam in West Bengal on Saturday. However, Debjani Mukherjee has multiple cases registered against her in the states of Jharkhand and Odisha in connection with the same case. Debjani Mukherjee, who was the director in Saradha Group …

‘Arbitrary, coercive’: Karti Chidambaram challenges constitutional validity of PMLA
3 years, 8 months ago

‘Arbitrary, coercive’: Karti Chidambaram challenges constitutional validity of PMLA

Hindustan Times  

Former Union finance minister P Chidambaram’s son and Congress MP Karti Chidambaram has challenged the constitutional validity of the Prevention of Money Laundering Act In his petition, reviewed by HT. The Central Bureau of Investigation arrested Karti Chidambaram on February 28, 2018, in the INX Media case while his father and former Union finance minister P Chidambaram’s dramatic arrest took …

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