ED seizes ₹89 cr. assets in investment scam

The Hundu
April 00, 2019

The Enforcement Directorate attached assets worth about ₹89 crore in connection with a case allegedly involving the Micro Finance group of companies and others. It is alleged that Micro Finance Ltd and others earned huge money by making false promises of high returns on investment in various schemes. Its MD Durga Prasad Mishra and others allegedly laundered the funds.

Comments

Post a Comment

Popular posts from this blog

 The Telegraph  December 24, 2020 A new, potentially more infectious variant of the novel coronavirus that causes Covid-19 has been found in Britain in cases linked to South Africa, British health secretary Matt Hancock said on Wednesday.  South Africa’s health department said last week that a new genetic mutation of the virus had been discovered and might be responsible for a recent surge in infections there. “Thanks to the impressive genomic capability of the South Africans, we’ve detected two cases of another new variant of coronavirus here in the UK,” Hancock told a media briefing. “Both are contacts of cases who have travelled from South Africa over the past few weeks.”  Britain is already trying to curb the spread of a mutated strain of the virus which is up to 70 per cent more transmissible, and further studies are being carried out on the new variant. “This new variant is highly concerning, because it is yet more transmissible, and it appears to have mutated ...
Read more

How the Tablighi Jamaat Issue Spilled Over Into India-Indonesia Relations

The Wire October 22,2020 When the Indian government detained hundreds of foreign Tablighi Jamaat members for allegedly violating COVID-19 lockdown measures in March, the largest group was from Indonesia, key to New Delhi’s Act East policy. In the past eight months, diplomats from both countries had their jobs cut out to keep a lid on the possible consequences that the arrests of hundreds of Indonesian nationals in India could have on the bilateral relationship. For Indonesia, a quick, quiet resolution of the Tablighi issue was important so that it did not flare up into an issue of domestic political concern. But as the months wore on, Jakarta aired its worries at ASEAN meetings. The Indian side had to deal with an internal security system that initially gave conflicting messages. When the government decided to take stringent action against the Tablighi Jamaat for allegedly breaking lockdown measures for their congregation at Nizamuddin Markaz in Delhi and later, when the visitors trave...
Read more

PNB scam: Nirav may face fresh case over multiple passports

The Asian Age June 18, 2018 Investigating agencies are likely to register a fresh case against fugitive diamond merchant Nirav Modi in connection with using multiple passports. Sources said it was surprising that Modi managed to travel to different countries despite his passport being revoked proves that he has been using multiple Indian passports. Sources claimed that intelligence agencies suspect that Modi has at least six such passport, two of which have been active. Of these two passports while one had Modi’s full name, the other one had only his first name with a 40-month UK visa which had been used for traveling to different countries. Indian authorities have revoked both passports now. Interpol has also been informed of the same but since there is no uniform protocol both passports could not be blocked by different countries due to which Modi has managed to travel so far. Both CBI and ED have attached the passport revocation order in its appeal to the Interpo...
Read more