MONEY LAUNDERING LAWS
Excise policy case: SC judge Sanjay Kumar recuses himself from hearing businessman's plea
Supreme Court judge Sanjay Kumar recused himself from hearing a plea challenging businessman Abhishek Boinpally's arrest in a money laundering case related to the Delhi excise policy scam. The case will be listed before another bench, and Boinpally's interim bail, granted due to his wife's health issues, is extended until further orders.
SC to consider setting up bench to hear pleas against laws passed as money bills to circumvent RS
On Monday, the Supreme Court announced it would weigh the formation of a Constitution bench to hear challenges against laws passed as 'money bills,' purportedly to sidestep scrutiny in the Upper House of Parliament. Senior advocate Kapil Sibal raised the issue, emphasizing readiness to proceed with the cases. Chief Justice of India DY Chandrachud acknowledged the request, indicating consideration for forming necessary benches. The move has been welcomed by the Congress, anticipating a definitive ruling before the CJI's term concludes.
Passage of laws as money bills: Congress seeks verdict before CJI's retirement in Nov
The Congress welcomed the Supreme Court's decision to consider setting up a constitution bench to hear pleas challenging the validity of laws like the Aadhaar Act passed as money bills. Congress hopes for a final verdict before CJI Chandrachud's retirement in November. The move addresses concerns over misuse of Article 110.
Supreme Court to consider setting up bench to hear pleas against passage of laws as money bills
Earlier, the top court had said it would constitute a seven-judge bench to consider the issue of validity of passage of laws like the Aadhaar Act as a money bill.
"PM Modi wants to finish AAP": Sanjay Singh on Delhi CM Kejriwal's arrest
Aam Aadmi Party Rajya Sabha MP Sanjay Singh has claimed that the arrest of Delhi Chief Minister Arvind Kejriwal in the excise policy-linked money laundering case is part of a strategy to eradicate the AAP. Singh asserts that this move is politically motivated and intended to end Kejriwal's career, attributing it to directives from Prime Minister Narendra Modi.
Interim bail for Kejriwal in PMLA case, CM to stay in jail due to arrest by CBI
The Supreme Court granted Delhi Chief Minister Arvind Kejriwal interim bail in a money laundering case by the ED, acknowledging his prolonged detention. Kejriwal, however, remains in jail pending bail in another case by the CBI. Conditions of his release include staying away from his office, limiting official actions to LG's approval, avoiding case-related comments, and not interacting with witnesses or files. The court stressed fair treatment of evidence by authorities and left decisions on his official role to Kejriwal.
- Go To Page 1
Arrestee entitled to 'reasons to believe' of arrest: SC to ED
In a landmark ruling, the Supreme Court emphasized that individuals arrested under the Prevention of Money Laundering Act (PMLA) must be provided with the "reasons to believe" that justified their arrest by Enforcement Directorate (ED) officers. The court referred crucial legal questions to a larger bench, including whether the decision to arrest based on "need and necessity" should stand as a distinct ground for challenge. This decision underscores the need for judicial oversight to ensure arrests are not arbitrary and meet statutory requirements. The ruling marks a significant step in clarifying procedural safeguards under PMLA.
Bail order should be stayed only in rare and exceptional cases: Supreme Court
The Supreme Court emphasised that bail orders should not be mechanically stayed without reason. It stressed that denying relief to an accused should only occur in rare and exceptional circumstances, such as in cases involving terrorism or legal irregularities. The court underscored that curbing an accused's liberty should not be done casually, cautioning against disastrous consequences and emphasising the importance of upholding Article 21.
"SC has indicated...": BJP MP Bansuri Swaraj after apex court grants interim bail to Arvind Kejriwal
Supreme Court while granting interim bail to Kejriwal in the ED case observed that the Delhi Chief Minister has suffered incarceration of 90 days and it's conscious that he is an elected leader. The top court had reserved the verdict on Kejriwal's plea on May 17.
AAP slams BJP, ED following Arvind Kejriwal's interim bail, says truth can be troubled but not defeated
Reacting to the Supreme Court's decision, Delhi Minister Atishi sharply criticised the BJP's handling of Kejriwal's legal matters. She stated, "BJP knew that he (Arvind Kejriwal) has been granted bail by the Rouse Avenue Court, they know that he will get bail by the Supreme Court too. That is why, they hatched another conspiracy and the day on which the bail hearing was scheduled to come up before the Supreme Court, they made CBI arrest Arvind Kejriwal a day before that."
Excise policy case: Delhi HC lists Arvind Kejriwal's plea against ED summons on September 9
The Delhi High Court set a hearing for September 9 on Chief Minister Arvind Kejriwal's petition challenging summonses from the Enforcement Directorate in a money laundering case. The court granted the CM four more weeks to respond. Kejriwal's counsel requested additional time citing changes in circumstances and lack of a proper legal interview. The petition questions the constitutional validity of certain provisions of the Prevention of Money Laundering Act, alleging bias in the electoral process.
SC to consider listing of fresh plea for bail of AAP's Sisodia in excise policy scam cases
The Supreme Court will consider a new petition from AAP leader Manish Sisodia seeking to revive his bail plea in the Delhi excise policy scam cases. Earlier, Sisodia's bail plea was denied on June 4. The court had allowed him to reapply for bail after the CBI and ED filed their final charge sheets by July 3, 2024.
Menace of 'money mules' and how not to become one
Mule accounts are bank accounts that are used to launder proceeds of crime by fraudsters. In an age when there are strict laws on holding or using large amounts of cash, transactions in the banking system cannot be avoided. At the same time, criminals cannot use bank accounts because KYC norms will enable authorities to link the money to the activity through which they receive it.
Delhi HC denies bail to two accused in money laundering case involving AAP MLA Amanatullah Khan
The Delhi High Court has refused to grant bail to two individuals arrested in a money laundering case involving alleged irregularities in Delhi Waqf Board recruitment, including AAP MLA Amanatullah Khan. Justice Swarana Kanta Sharma dismissed bail pleas of accused Zeeshan Haider and Daud Nasir, stating there was sufficient material to attract the bar on bail under the anti-money laundering law.
Excise 'scam': HC says BRS leader Kavitha one of main conspirators, denies bail
BRS leader K Kavitha faces charges of corruption and money laundering in the Delhi Excise Policy case. Despite her political background, the court denied her bail, emphasizing the seriousness of the allegations against her. Kavitha maintains her innocence, alleging a conspiracy by the central government and the ED in her arrest.
Former TN Minister Senthil Balaji constantly filing petitions to stall trial: ED
The Enforcement Directorate informed a sessions court that former Tamil Nadu Minister V Senthil Balaji has been filing numerous petitions to delay trial proceedings in a money laundering case. This was stated by Karthik Dasari, Deputy Director, Chennai Zonal Office, Directorate of Enforcement, in his counter affidavit submitted to Principal Sessions Judge S Alli. Dasari claimed that Balaji's actions have an "ulterior motive to stall the trial proceedings" and are causing delays in the trial's commencement.
Panama court acquits 28 people tied to Panama Papers, Operation Car Wash
A Panamanian court has acquitted 28 individuals who were charged with money-laundering offenses connected to the Panama Papers and "Operation Car Wash" scandals. The judicial branch announced the acquittals, noting that precautionary measures against all defendants have been lifted. One criminal case was canceled due to the death of a defendant, Ramon Fonseca, co-founder of the now-defunct Mossack Fonseca law firm. The court also imposed fines on witnesses for non-compliance with summonses and found that evidence from Mossack Fonseca's servers did not meet chain of custody standards.
India passes anti-money laundering review, but FATF calls for improved oversight in non-financial sectors
India's compliance with anti-money laundering rules under FATF scrutiny includes improving supervision in non-financial sectors and facing criticism over counter-terrorism laws, with the country being a member of the FATF alongside major economies like the US, Japan, France, EU, and China.
Arvind Kejriwal sent to 3-day CBI custody in Delhi excise policy case
Delhi's Rouse Avenue Court has sent AAP supremo and Chief Minister Arvind Kejriwal to three-day Central Bureau of Investigation remand in connection with the Excise policy case. Kejriwal has been jailed since April for money laundering and is under investigation by the Enforcement Directorate. The Delhi Excise Policy 2021-22 was retracted in July 2022.
Judge was in hurry, didn't give prosecutor opportunity to oppose Kejriwal's bail: ED to SC
Kejriwal's bail in a money laundering case faces scrutiny for lack of direct evidence of guilt, amidst allegations of irregularities in the excise policy, triggering a CBI probe.
FIU slaps Rs 18.82 cr penalty on crypto exchange Binance
FIU imposes Rs 18.82 crore penalty on Binance for alleged anti-money laundering law violation.
FIU imposes over Rs 1.66 crore fine on Axis Bank for failing to detect fraud NSG account
The Financial Intelligence Unit has fined Axis Bank over Rs 1.66 crore for failure to detect and report suspicious transactions involving a fraudulent account created in the name of the NSG counter-terrorist force. The agency's order under the PMLA found Axis Bank employees complicit in a large-scale fraud. The bank was directed to review its monitoring mechanisms, improve data-sharing practices, and implement stringent employee screening and training programs.
Land for jobs 'scam': Delhi HC directs medical evaluation of Lalu's aide Amit Katyal
The High Court emphasised that the right of health of an individual, being a facet of right to life under Article 21, cannot be abridged without due process of law in a mechanical manner and an individual can be released on an interim bail when specialized treatment and care, which cannot be provided in jail, is necessary.
'PMLA is Pradhan Mantri ki Lal Aankh': Kapil Sibal slams money laundering law
"PMLA is Pradhan Mantri ki Lak Aankh. It has nothing to do with Prevention of Money Laundering Act. It means you can send them over to ED who can do whatever they wish to do," Sibal said in a free-wheeling conversation with ANI.
'I have learnt my lesson': HC waives Rs 75,000 costs on law student for PIL seeking bail for Kejriwal
The Delhi High Court waived the Rs 75,000 costs imposed on a law student for his PIL seeking "extraordinary interim bail" for CM Arvind Kejriwal after he tendered an unconditional apology, citing his inability to pay due to being a student. The court, understanding his situation, waived the costs.
Delhi excise scandal: ED likely to file another chargesheet soon
The federal agency had arrested an alleged Delhi-based cash courier named Vinod Chauhan earlier this month. The agency, in one of its previous charge sheets, had alleged that Chauhan received cash bags from associates of BRS leader and co-accused in the case K Kavitha, which were then allegedly transferred through hawala to AAP leaders in Goa.
Panama Papers law firm boss Ramon Fonseca dead
Ramon Fonseca, co-founder of Mossack Fonseca involved in the Panama Papers scandal, died awaiting money-laundering trial sentencing. Jurgen Mossack, Daika Indira Levy, and health issues details emerged. Trial details, cause of death, and leaked documents remain undisclosed.
Canada fines Binance $4.38 mln for money laundering violations
Canada's anti-money laundering agency on Thursday said it had imposed a nearly C$6 million ($4.38 million) fine on cryptocurrency exchange Binance for violating the money laundering and terrorist financing laws.
Load More
