Vijay Mallya offers to repay banks Rs 4000 crore by September

Industrialist Vijay Mallya, who owes more than Rs 9000 crore to a consortium of 17 banks, today submitted to the Supreme Court a repayment plan of Rs 4000 crore by September this year. The top court has asked the consortium led by the State Bank of India (SBI) to respond to the liquor baron’s proposal. Mallya’s lawyer told the Supreme Court that he had two rounds of meeting through video

Interpol wants copies of IPL contracts under Lalit Modi

According to a report, Interpol has sought contracts and documents on the Indian Premier League under former commissioner Lalit Modi from the Enforcement Directorate (ED). The ED had earlier issued a Red Corner Notice (RCN), using these papers, against Modi on alleged money laundering charges The Interpol’s decision comes a fortnight after the ED replied to its queries on the controversial cricket administrator. The CBI, on September 26, forwarded a letter

ED seeks non-bailable warrant against Lalit Modi

The Enforcement Directorate (ED) on Monday moved special PMLA court seeking issuance of non-bailable warrant (NBW) against former IPL chief Lalit Modi in connection with a money laundering case. The central agency approached the special Prevention of Money Laundering Act (PMLA) Court after Modi, who has made London his home, did not respond to ED summons. “We have moved the Court seeking issuance of an NBW as he has not

Congress wants PM Modi to end nidra-aasan

Continuing with its attack on the BJP and NDA government over the Lalit Modi affair, the Congress, Monday, once again questioned Prime Minister Narendra Modi’s continued silence on the issue. “Everyday new scandals are being exposed and yet PM is silent on this. So isn’t PM party to all this?,” Congress leader Ghulam Nabi Azad said at a press conference held at the party headquarters. “We want to ask Prime

Chhagan Bhujbal booked under Prevention of Money Laundering Act

A day after the Anti-Corruption Bureau (ACB) conducted searches at various properties belonging to NCP leader Chhagan Bhujbal and his family members, the Enforcement Directorate (ED), Wednesday, booked him under the Prevention of Money Laundering Act. Reports said that ED has registered two cases against him – details are awaited. Yesterday, ACB of the Maharashtra Police had searched various properties belonging to the Bhujbal family in Nashik, Mumbai, Thane and Navi

Mithun Chakraborty surrenders Rs 1.2cr received from Saradha to ED

Trinamool Congress MP and actor Mithun Chakraborty on Tuesday surrendered to Enforcement Directorate (ED) an amount of about Rs 1.2 crore that he had received from scam-hit Saradha group of companies for being its brand ambassador. Sources said a team of lawyers and other representatives of the actor reached the probe agency’s office at Salt Lake here and handed over a Demand Draft (DD) to the investigating officer (IO) of the

Saradha scam: Film maker Aparna Sen questioned by ED

The Enforcement Directorate (ED) on Monday summoned film maker Arpana Sen in connection with her alleged role in the Saradha Chit Fund Scam. The ED will also be questioning West Bengal State Textile Minister Shyamapada Mukherjee for his alleged links to the scam. He said to have sold land to Saradha Chit Fund the stakeholders in Bankura in 2009. The Kolkata-based Saradha Group, ponzi scheme had over 10,000 registered chit