Prevention of Money Laundering Act

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

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

Lalit Modi claims Varun Gandhi offered a deal to settle case with Congress

Former IPL chief Lalit Modi, who is accused of financial irregularities and money laundering by the Enforcement Directorate, has now targeted young BJP MP Varun Gandhi, claiming that the latter had met him in London a few years ago and said that he will settle ‘everything’ with the help of his aunt – Congress chief Sonia Gandhi. Lalit Modi made this revelation on social networking site Twitter and dared Varun Gandhi,

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