Categories
India

Hold ‘black money’ protests against BJP, Mamata tells party cadre

West Bengal Chief Minister Mamata Banerjee on Sunday urged workers of her Trinamool Congress to hold “return black money” demonstrations across the state against the BJP in a bid to counter their ongoing “cut money” protests.

Accusing the saffron party of misguiding common people regarding “cut money” and attacking Trinamool leaders on the issue, she asked party workers to organise “return black money” demonstrations against the BJP in all administrative blocks in the state.

“I had a noble intention when I cautioned my partymen to ensure that people do not get deprived of our government’s welfare schemes. Providing the benefits of such small scale welfare schemes is a duty of a poor government like ours. But now the goons of BJP are asking the Trinamool leaders to return ‘cut money’.

“Ask them to return the black money first,” Banerjee said at the Trinamool martyrs’ day rally here.

“They (the BJP) spent crores of rupees during the elections. Where did the money come from? Their party office in Delhi is like a ten-star hotel. How much property have they bought in Bengal after demonetisation? I urge the Trinamool Congress workers to hold demonstrations in all the blocks on July 26 and 27, demanding the BJP leaders return black money, people’s money,” she said.

Banerjee said her message was not just directed at her party but to all the political parties in general, as well as the state government officials, so that people get the benefit of the welfare schemes.

She also claimed the Left Front, which ruled the state for 34 years, did not return a single penny from the “cut money” they had taken during their reign.

However, the Trinamool supremo asked her party workers not to take up law in their own hands during the protests and assured them that the state administration will do its job if the BJP tries to provoke people any further agaibst Trinamool over the issue of ‘cut money’.

Banerjee also urged the Trinamool workers to increase mass contact by being in touch with people on the ground and said it will help the party to bounce back as an “ideal party”.

“Do politics by going to the houses of the tribal people and sitting in the tea stalls in your locality. Politics must be done by being around people. It cannot be done by sitting at home. Do your politics by spending nights at the villages of the scheduled caste and scheduled tribes, minorities, poor people,” she told her party workers.

Hailing the party’s booth level workers as “the main source of party’s strength” , she urged them to fight unitedly against the BJP and not to be scared or intimidated by anybody.

Responding to Banerjee’s remarks Bengal BJP Chief Dilip Ghosh said it was she who introduced the term ‘cut money’ in Bengal politics but might have never thought that her party would face so much heat due to this.

“She introduced the term cut money. It was she who first brought this in the limelight. In West Bengal everything happens with the inspiration of our Chief Minister and the cut money protests are no exceptions,” Ghosh mocked.

“These are spontaneous protests by common people against Trinamool’s malpractices. BJP has stood by the people as always. In some places we even played the role of a mediator between Trinamool leaders and the agitators and made sure that people get their money back,” he added.

(IANS)

Categories
India

ED arrests businessman Muhammed Riyaz in money laundering case

The Enforcement Directorate on Friday said that it has arrested businessman Muhammed Riyaz in its probe into a money laundering case to the tune of Rs 3,500 crore involving 57 shell companies.

An ED official said that Muhammed Riyaz aka Mohammed Sammy, the proprietor of Astral Exim and Co, was arrested for trade based money-laundering.

The ED has registered a case based on a CBI FIR for fraudulent high-value forex outward remittances/transactions exceeding Rs 3,500 crore using 57 shell entities current opened at a Syndicate Bank branch in Chennai.

The official said that during investigation it was found that Riyaz operated an array of accounts in the assumed names at various banks like Syndicate Bank, Ratnakar Bank Ltd, Karur Vysya Bank, ICICI Bank, etc.

The official said the modus operandi used by the hawala operator was to open the current account in the name of fictitious business entity at first instance, based on fabricated identity documents obtained by the individual.

“As a subsequent move, amounts were poured into the accounts operated in complete anonymity from various other accounts maintained on pan-India basis through electronic transfers. As the third and the final move, fabricated documents were submitted before the banks, made them to send the foreign exchange outside the country under the guise of advance payments against imports,” the official said.

The official said that during investigation of one shell entity conducted by the agency, it was found that the accused, acting in complete anonymity, integrated a sum of Rs 14.5 crore collected from various persons on a pan-India basis within a short span of two months.

“The entire operation was synchronised in such a way that the funds received were immediately transferred to various business entities in Hong Kong through wire transfer to the extent of $2,184,785.00 equivalent Rs 14.5 crore, based on fabricated documents.

“The details of various foreign exchange transfers in respect of other banks are also under probe,” he said.

The official said that the agency has recovered multiple identity documents from the residential premises of the individual including PAN cards, Driving Licences etc. in assumed names.

Riyaz was arrested and produced before a Special Court in Chennai and was remanded to judicial custody till July 18. The ED last year arrested three persons involved in the case.

(IANS)

Categories
World

Hollywood producer charged with money laundering in Malaysia

A Malaysian court on Friday charged Riza Aziz, the producer of Hollywood blockbuster “The Wolf of Wall Street” and also the stepson of former Prime Minister Najib Razak, with money laundering, allegedly involving $248 million misappropriated from the 1MDB state fund.

The co-founder of Hollywood’s Red Granite Pictures, Riza, 42, pleaded not guilty to the five charges of money laundering at Kuala Lumpur Sessions Court, Efe news agency quoted the state-run Bernama news as saying.

The court set bail at RM1 million (nearly $242,000) and asked him to surrender his passports.

Charge sheets allege that five payments of amounts varying from just over $1.17 million to $133 million were transferred through Switzerland to accounts belonging to Red Granite Productions Inc in Los Angeles, and Red Granite Capital Ltd in Singapore during 2011-2012.

The charges, made under the Anti-Money Laundering and Anti-Terrorism Financing Act 2001, each carry penalties of a fine of up to RM5 million, a jail term of up to five years, or both.

Riza was arrested on Thursday.

US prosecutors have in the past accused the production company of diverting $155 million in funds from 1Malaysia Development Berhad (1MDB) to finance “The Wolf of Wall Street”, starring Leonardo DiCaprio and directed by Martin Scorsese.

In 2018, Red Granite Pictures agreed to pay $60 million to end a civil lawsuit driven by the US government, money that was later returned to Malaysia.

Corruption of the 1MDB state fund contributed to the fall of Najib, who was defeated in the May 2018 elections and has since been charged with 42 counts of money laundering and abuse of power.

Najib’s wife and Riza’s mother, Rosmah Mansor, is also charged in relation to 1MDB.

The 1MDB corruption scandal was revealed in 2015 by an investigation carried out by The Wall Street Journal and the Sarawak Report that revealed the diversion of RM2.6 billion ($681 million at the time) to Najib’s private accounts.

Najib has claimed that the money was a donation from a Saudi prince.

(IANS)

Categories
India

Stay away from ‘cut money’, Mamata warns party workers

 Lashing out at those leaders taking “cut money” or commissions from beneficiaries of government schemes, West Bengal Chief Minister Mamata Banerjee warned her Trinamool Congress workers not to indulge such practices, party sources said on Friday.

“During the review meeting with leaders of Nadia district, the party supremo said that public relations, which were adversely impacted, need to be improved. No one would be spared if one takes cut money from development works,” a party source said.

According to party sources, Banerjee also warned that MLAs and MPs would face consequences if their involvement in such corrupt practices was established.

Addressing party workers earlier this week, Banerjee had ordered Trinamool workers, who have taken a commission from beneficiaries of government schemes, to return the ill-gotten amount to the public.

Following Banerjee’s instructions, many people across districts laid siege on houses of many Trinamool leaders and members in panchayats and local municipalities, demanding return of the “cut-money”.

Actress-turned-politician and party’s Birbhum MP Satabdi Roy had said Banerjee should have initiated measures to stop the practice much earlier.

With the amount having reached somebody’s home already, it would be “difficult to get that money back”, she had said.

Senior leaders, during the review meeting, also held bickering among party leaders as responsible for the dismal performance in the recently-concluded Lok Sabha polls.

(IANS)

Categories
India

‘Mamata’s order on cut money may sow confusion in TMC’

West Bengal Chief Minister Mamata Banerjee’s instruction to Trinamool Congress functionaries to return to the public the cut money they have taken for delivery of government welfare schemes may sow confusion and trouble in the party, says Trinamool MP Satabdi Roy.

Speaking to the media in Delhi, the actress-turned-politician said Banerjee should have initiated measures to stop the practice much earlier.

“Didi has taken steps now, that’s fine. But there will be more chaos on returning cut money. Because a person who has taken it directly, he is only the front man. There are others who are behind the wings. They have also taken their share. So the money has to be returned according to this chain.

“This money should be returned. But the amount which has reached somebody’s home already, it is difficult to get that money back,” Roy said in explosive comments on the issue.

Addressing party workers earlier this week, Trinamool supremo Banerjee lashed out at those leaders taking cut money or commission from beneficiaries of government schemes, and ordered them to return the ill-gotten amount to the public from whom they had taken it in the first place.

Roy, however, cautioned that Banerjee should ensure that it should not lead to the situation where those who take small amounts of “one or two per cent” are reined in, but the shares of those taking higher percentages go up.

“Those who could not get the cut money earlier, will nag those who took it to return the money. There is chance of trouble. Didi (elder sister, as Banerjee is affectionately called) should look into this.

“It should not be the case that those who were taking one per cent or two per cent of the total amount of schemes are reined in, but simultaneously shares of those who now take bigger amounts go up. This will only sow confusion in the party.

“If there is a situation where only a handful gets the cut money, and the majority don’t, that is also not proper,” she said.

(IANS)

Categories
Science & Technology

Amazon Pay enables instant money transfer on Android

Amazon Pay on Monday launched person-to-person (P2P) payments for Android users who can now make instant bank-to-bank transfers using the UPI platform on the Amazon app.

Amazon customers can also pay bills, rent and various daily subscriptions, the company said in a statement.

“With this launch, we have the largest selection of shopping and payment use cases on the Amazon Android app which provides added convenience and control to our customers,” said Vikas Bansal, Director-Amazon Pay.

Customers can send or receive P2P payments by simply selecting a contact from their phone contact book or entering UPI ID or bank account of the recipient.

“Amazon auto-detects if the contact is a registered Amazon Pay UPI customer and enables instant bank to bank transfer. If the contact is not registered for Amazon Pay UPI, the customer has the option to pay using any another BHIM UPI ID or contact’s bank account,” the company said.

As a launch offer, customers can get up to Rs 120 cashback on sending money through UPI.

All payments are secured through multi-factor authentication involving the customer’s phone, SIM details and UPI PIN.

“Our goal is to make Amazon Pay the most trusted, convenient and rewarding way to pay for our cu

IANS

Categories
India

Congress leaders houses ATMs of black money; Naqvi

Union Minister Mukhtar Abbas Naqvi on Tuesday said that on one hand, the Congress has become a “Benami Sampati” and on the other, the house of the party leaders have become “ATMs of black money”, from where huge quantity of black money is being recovered every day.

While talking to the media here, the senior Bharatiya Janata Party leader also said that instead of levelling charges of “political vendetta”, the Congress should explain it to the investigation agencies as well the people of the country, that where such huge black money has come from.

On the threat by National Conference leader Omar Abdullah and People’s Democratic Party leader Mehbooba Mufti that removal of the Article 370 will lead “freedom” of Jammu and Kashmir, Naqvi said that the state will definitely get freedom, but “it will get freedom from terrorism, separatism and friends of separatists like Omar Abdullah and Mehbooba Mufti”.

Naqvi said that every obstacle in the development of the people of Jammu and Kashmir will be removed.

He also claimed that a “Competition of Communal Polarisation” is going on between the Congress and the Samajwadi Party-Bahujan Samaj Party (SP-BSP) alliance.

While Congress President Rahul Gandhi is carrying forward “Muslim League ka jhanda and the Jamaat-e-Islami ka Agenda” (flag of Muslim League and agenda of Jamaat-e-Islami) in Wayanad, Kerala, on the other hand the SP-BSP alliance is issuing “fatwa” to Muslim votes in Deoband, Uttar Pradesh.

IANS

Categories
India

Black money, jobs missing from BJP’s ‘jhansa patra’; Congress

Tearing into the BJP’s election manifesto for the Lok Sabha polls, the Congress on Monday dubbed it a “jhansa patra” (document of deceit) and said important issues like jobs, GST, black money and demonetisation are missing from the whole announcement exercise.

Congress spokesperson Randeep Surjewala said the Bharatiya Janata Party (BJP) leaders — including Prime Minister Narendra Modi, party President Amit Shah, and ministers Arun Jaitley and Sushma Swaraj — did not speak even a single word on those issues.

He said the BJP should start packing as people would reject its false promises and throw the party out of power, and that the party should have issued a “maafinama” (apology letter) instead of a “jhansa patra”.

Questioning the BJP-led government on its earlier promises made in the manifesto for the 2014 elections, the Congress also released a list of 125 questions on “broken promises”.

“Today, 125 crore people of the country are demanding answers from Modiji on 125 promises made before coming to power. People will not accept your ‘jhansa patra’ anymore. It is now time to pack your bags and leave,” he said at a press conference here.

“You promised two crore jobs every year, which translates to 10 crore jobs in five years. In reality, during these five years, number of jobs have actually got reduced by 4.7 crore. And it’s not something that I am saying, but what has been said by the government’s own NSSO (National Sample Survey Organisation) data,” he added.

The Congress leader added that while the BJP had promised to bring back Rs 80 lakh crore in black money and deposit Rs 15 lakh in each Indian’s bank account, “in reality, Lalit Modi, Nirav Modi, Mehul Choksi and Vijay Mallya looted Rs 1 lakh crore of the taxpayer’s money and fled the country right under Modi’s nose”.

He also questioned how the BJP intended to double farmers’ income considering that at the current rate of agricultural growth of 2.9 per cent, it would take 28 years.

“Modi also promised to turn India into an economic power. But in the last five years, he has buried the country under debt,” Surjewala said, adding that the BJP-ruled government borrowed over Rs 27 lakh crore between 2014 and 2018.

“Every month, Modiji is adding Rs 45,000 crore debt to the country,” he said.

Senior Congress leader Ahmed Patel said while the Congress manifesto had a picture of people on its cover page, the BJP document had only Prime Minister Narendra Modi’s picture which reflected the difference in priorities of the two parties.

Calling it a case of “lies versus justice”, he said while the BJP’s manifesto was only “lies and lies”, the Congress had promised to do “nyay” (justice) to the poor.

Surjewala also hit out at the BJP leaders for not taking any questions after releasing the manifesto.

“Congress President Rahul Gandhi answered over half a dozen questions of reporters whereas the Prime Minister and BJP leaders answered none. Nor did anyone have the courage to ask them any questions,” he said.

“No answers on their 5 years? It is this arrogance which will bring them down on May 23,” Patel later tweeted.

Congress spokesperson and Rajya Sabha MP Rajeev Gowda said he was hurt by some omissions in the manifesto like no concern for agricultural labour by the party that kept talking about “kisan” (farmer).

The BJP earlier released its election manifesto for the Lok Sabha polls in the presence of Prime Minister Modi and BJP President Shah.

Among other things, the manifesto pledged zero tolerance towards terrorism, promised pension for small and marginal farmers and 33 per cent reservation for women in Parliament and state Assemblies through a constitutional amendment.

IANS

Categories
India

Schools can’t extort money from parents; Sisodia

Delhi Deputy Chief Minister Manish Sisodia here on Thursday said the Aam Aadmi Party (AAP) government was not against private schools or the 7th Pay Commission for their teachers, but against extortion of money from parents in the name of fees.

Sisodia’s reaction came after the Delhi High Court stayed till April 8, a single-judge Bench order that allowed private unaided schools, built on government land, to hike fees.

Speaking to the media, Sisodia said the Delhi government recognised the importance of private schools. “But the unjustified fee hike by some of them has nothing to do with the implementation of the 7th Pay Commission for teachers.”

A “false impression” had been created by vested interests that the Delhi government was against the 7th Pay Commission implementation, he said.

Many private schools attempted to arbitrarily revise the fee structure, citing the implementation of recommendations of the 7th Central Pay Commission, Sisodia, also the Education Minister, said.

“The Delhi government, through a circular on April 13, 2018 restrained private unaided schools built on government land from hiking tuition fees without the Directorate of Education’s approval,” he said.

The circular directed private schools to meet the additional resources required to implement the 7th Pay Commission from their surplus without hiking the fees, he added.

Remarking that the reason behind this restriction were two-fold, he said first, these schools were built on lands allotted by the DDA and therefore had certain obligations, and second the government was against exploitation of parents.

Pointing out that the law did not allow converting educational institutions into profitable entities, he said there were 325 private schools built on land allotted by the Delhi Development Authority (DDA).

“Of these, 260 schools had applied for fee hike, but 32 schools later withdrew their applications. The audit of accounts of the remaining 228 schools showed that 150 had surplus funds to implement the Pay Commission recommendations. Thus, they were denied the permission to hike fees,” the Minister said.

The rest of applications were being processed and their details would be submitted to the court, he added.

IANS

Categories
India

Lawyer Gautam Khaitan moves bail in black money case

Lawyer Gautam Khaitan on Tuesday moved his bail plea in a Delhi court in a money laundering and black money case.

Special Judge Arvind Kumar sought the Enforcement Directorate’s (ED) response on Khaitan’s plea and listed the matter for further hearing on April 9.

It is the second bail moved by Khaitan. On March 12, the court rejected Khaitan’s bail plea.

Currently in judicial custody, Khaitan was arrested on January 25, a week after the Income Tax department searched his offices and other properties in Delhi and the National Capital Region.

On March 25, the ED filed a chargesheet in the money laundering case.

The agency said Khaitan was “controlling” the modus operandi and was responsible for routing money, misusing his connections and clients, including the ones inherited from his father, to launder money through a variety of accounts in Dubai, Mauritius, Singapore, Tunisia, Switzerland, the UK and India.

The ED officials said that the accounts included those belonging to his undisclosed shell companies outside India.

The ED had filed a money laundering case against Khaitan and others based on a case lodged by the Income Tax Department under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act.

Khaitan was earlier arrested in September 2014 for his alleged involvement in the AgustaWestland VVIP chopper deal.

He got bail in January 2015 but was again arrested along with Sanjeev Tyagi, another accused in the case, on December 9, 2016, by the Central Bureau of Investigation (CBI). He later secured bail.

The CBI chargesheet had described Khaitan as the brain behind the AgustaWestland deal.

IANS

Categories
India

Robert Vadra gets bail in money laundering case on Monday

A court here on Monday granted bail to Robert Vadra, the brother-in-law of Congress President Rahul Gandhi, in a money laundering case.

The Enforcement Directorate, which questioned Vadra several time, had opposed the bail saying his custodial interrogation was necessary for the probe.

Special Judge Arvind Kumar allowed Vadra’s anticipatory bail in the case related to his ownership of overseas assets worth 1.9 million pounds to evade tax.

The court also allowed anticipatory bail for his aide Manoj Arora.

The court asked them to furnish a personal bond of Rs 5 lakh each and one surety of a similar amount each.

They have been ordered not to leave the country without permission and join the probe whenever required.

The court also ordered the accused not to tamper with the probe or try to influence witnesses in the case.

IANS

Categories
India

Be careful of money misuse in polls; EC to agencies

The Election Commission of India (EC) headed by Chief Election Commissioner (CEC) Sunil Arora on Friday convened a meeting of a multi-departmental committee on election intelligence and directed the officials to work in close coordination to curb misuse of money power in the coming Lok Sabha and Assembly elections.

The heads of tax boards, law enforcement agencies, Central paramilitary forces and representatives of financial institutions attended the meeting.

Addressing the meeting, the CEC said conducting clean elections was one of the biggest challenges in the country given the prevalent abuse of money power, particularly when it manifests in inducement of voters.

He said the Commission is determined to curb this menace and added that individually and collectively the agencies participating in the meeting are the bulwark of clean elections.

He emphasised the need for coordinated efforts of various expenditure monitoring teams and the agencies tasked with enforcement.

Sharing of intelligence amongst the agencies should ensure that multidimensional crime is tackled with coordinated action, the CEC said.

He underlined that due follow-up action on seizures done in one model code of conduct phase should be so demonstrative as to act as a deterrent in the next phase.

The issues discussed at the meeting included ways of curbing covert expenditure by candidates and political parties; sensitisation of the law enforcement agencies about their role during elections; mapping of constituencies by agencies to check smuggling of goods, drugs, liquor and cash, including fake currency, through seaports, inter-state borders and international borders.

IANS

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IMB News Room

ELECTION 2019 | Power, Money & Luxurious Life | Farhan Hoda

ELECTION 2019 | Power, Money & Luxurious Life | Farhan Hoda

Categories
India

IRS officers ‘frontline soldiers’ to battle black money; President

President Ram Nath Kovind on Friday lauded the government for taking several steps “to defeat the menace of black money” and described IRS officers as “frontline soldiers in this battle”.

Addressing officer trainees of the 72nd batch of the Indian Revenue Service (IRS) who called on him at Rashtrapati Bhavan, Kovind said that in recent years the government had taken many initiatives to clean the financial system and wipe out black money.

“IRS officers are frontline soldiers in this battle,” he said.

“Steps such as demonetization, the Income Declaration Scheme and amendment to the Benami Transactions Prohibition Act have demonstrated the will of the people and the government to make our economy more transparent,” he said.

The President said that India was the world’s fastest growing major economy. Over the coming decade, its GDP was expected to more than double.

This, he said, would increase tax revenues and enhance challenges for Revenue Officers. “They will need to address the challenges while facilitating the economic engine of our country.”

The President said that common people had great expectations from public servants, particularly from IRS officers.

IANS

Categories
India

Robert Vadra appears before ED in money laundering case

Robert Vadra, the brother-in-law of Congress President Rahul Gandhi, on Friday appeared before the Enforcement Directorate (ED) for the fifth time in connection with a money laundering case.

The case relates to overseas ownership of undisclosed assets worth 1.9 million pounds.

Vadra arrived at the ED’s Jamnagar office in central Delhi at 10.30 a.m. Soon after, scores of Congress workers gathered outside raising slogans against Prime Minister Narendra Modi.

Robert Vadra, who is the husband of Congress General Secretary Priyanka Gandhi Vadra, has faced more than 27 hours of questioning so far.

He was earlier questioned on February 6, 7, 9 and 20.

On February 2, the court granted him interim bail till February 16 and asked him to join the investigation on February 6.

Then on February 16, a Delhi court extended Robert Vadra’s interim bail till March 2.

The ED has also lodged a money laundering case against his employee Manoj Arora after his role came up during an Income Tax Department probe in a 2015 anti-black money case involving absconding arms dealer Sanjay Bhandari.

The financial probe agency has alleged that Arora was aware of Robert Vadra’s overseas undeclared assets and was instrumental in arranging funds.

On February 12 and 13, Robert Vadra was also questioned by the ED in Jaipur in connection with a land deal case in Bikaner, Rajasthan.

On February 15, the agency attached a Rs 4.43-crore house in Delhi’s Sukhdev Vihar. The property was in the name of Robert Vadra’s company Sky Light Hospitality Pvt Ltd.

IANS

Categories
India

Vadra appears for ED questioning in money laundering case

Robert Vadra, who skipped the Enforcement Directorate (ED) questioning a day ago citing poor health on Wednesday deposed before the agency in connection with a money laundering case.

He arrived at the ED’s Jamnagar office here at 10.30 a.m. 

On February 16, a Delhi court had extended Vadra’s interim bail till March 2.

Vadra, who is the brother-in-law of Congress President Rahul Gandhi, has been questioned thrice by the directorate for over 24 hours in connection with the case on February 6, 7 and 9.

The case relates to the ownership of undisclosed assets abroad worth 1.9 million pounds, allegedly belonging to Vadra, Congress General Secretary Priyanka Gandhi’s husband.

He was also questioned on February 12 and 13 by the ED in Jaipur in connection with a Bikaner land deal case.

The ED on February 15 had attached Vadra’s Sukhdev Vihar house in Delhi, a a property worth Rs 4.43 crore. The house was in the name of Vadra’s company Sky Light Hospitality Private Limited.

On February 2, the court had granted Vadra interim bail till February 16 and asked him to join the investigation on February 6.

The ED had lodged a money laundering case against Vadra’s employee Manoj Arora after his role came up during the the Income Tax Department probe in a 2015 anti-black money case involving absconding arms dealer Sanjay Bhandari.

Arora, an employee of Skylight Hospitality, was aware of Vadra’s overseas undeclared assets and was instrumental in arranging funds, the ED had alleged.

IANS

Categories
India

ED files money laundering case against Pakistani terror group

The Enforcement Directorate (ED) on Saturday registered a case against Falah-e-Insaniyat Foundation (FIF), a Pakistani terror group, for their involvement in money laundering through various hawala channels.

A senior ED official said that the case was registered under sections of the Prevention of Money Laundering Act (PMLA) on the basis of a case registered by the National Investigation Agency (NIA) in September 2018. 

The financial probe agency will try to establish money trail and to identify proceeds of crime that are suspected to be generated out of the criminal activities from the accused.

On September 26, 2018, the NIA has arrested Mohammad Salman from south Delhi’s Nizamuddin area who was in regular touch with a Dubai-based Pakistani national, who in turn was connected with the deputy chief of FIF, a front-end organisation of proscribed terror group Lashkar-e-Taiba (LeT).

According to the NIA case, Salman was alleged to have received funds from FIF operators through hawala channels.

The NIA in its FIR claimed that the accused and other persons reportedly received money illegally from various people in Pakistan and the United Arab Emirates and these funds were utilised to carry out terrorist activities and to create unrest in India.

The agency has recovered and seized cash amounting to Rs 1.56 lakh, Nepali currency worth Rs 43,000, 14 mobiles phones, five pen drives and other incriminating documents.

Besides Salman, the NIA has also arrested FIF hawala conduit Mohammad Salim aka Mama, a resident of central Delhi’s Daryaganj, and Srinagar-based hawala courier Sajjad Abdul Wani.

According to the NIA, FIF is a Lahore-based organisation established by the Jamaat-ud-Dawa and acts as a front for the LeT.

It was founded in 1990 by Hafiz Saeed, the mastermind of the 2008 Mumbai terror attack.

IANS

Categories
India

Robert Vadra appears before ED in money laundering case

Four days after a Delhi court ordered Robert Vadra to join the Enforcement Directorate (ED) investigation, he appeared before the agency here on Wednesday.

Vadra, the brother-in-law of Congress President Rahul Gandhi, arrived at the ED’s office located in central Delhi’s Jamnagar House at 3.45 p.m.

He was accompanied by his wife and Congress general secretary for Uttar Pradesh East, Priyanka Gandhi Vadra.

However, after dropping Vadra at the ED office, Priyanka left the premises.

The case relates to the ownership of 1.9 million pounds of undisclosed assets abroad, allegedly belonging to Vadra.

The ED also lodged a money laundering case against Vadra’s close aide Manoj Arora after his role surfaced during a probe by the Income Tax Department into another case under the new Black Money Act and tax law against absconding arms dealer Sanjay Bhandari.

The London property was allegedly bought by Bhandari and sold in 2010 for the same amount despite incurring additional expenses on its renovation.

On December 7, as part of the investigation, the ED conducted searches at a number of premises in Delhi-NCR and Bengaluru.

The ED counsel told the court earlier that the London property was part of the kickbacks received in a petroleum deal. The money was transferred by Santech International, FZC, a UAE-based company controlled by Bhandari.

There were a few more properties that needed to be probed, the counsel said.

Vadra was not present in the court. Vadra’s counsel informed the court that he was in London to take care of his ailing mother.

A Delhi court had on Saturday granted interim bail to Vadra till February 16 while hearing an anticipatory bail plea filed by him.

Special Judge Arvind Kumar directed Vadra to join the ED investigation on February 6.

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IANS

 

Categories
India

Robert Vadra gets interim bail in money laundering case

A Delhi Court on Saturday granted interim bail to Robert Vadra till February 16 in connection with a money laundering case being probed by the Enforcement Directorate (ED).

Special Judge Arvind Kumar directed him to join the ED investigation on the evening of February 6.

The court was hearing Vadra’s anticipatory bail plea.

The case relates to ownership of undisclosed assets abroad worth 1.9 million pounds allegedly belonging to Vadra, the brother-in-law of Congress President Rahul Gandhi.

The ED lodged a money laundering case against Vadra’s close aide Manoj Arora after his role surfaced during the probe of another case by the Income Tax Department under the new Black Money Act and tax law against absconding arms dealer Sanjay Bhandari.

It said the London-based property was bought by Bhandari and sold in 2010 for the same amount despite incurring additional expenses on its renovation.

On December 7, as part of its investigation, the ED conducted searches at a number of premises in Delhi-NCR and Bengaluru.

IANS

Categories
India

Robert Vadra moves anticipatory bail plea in money laundering case

Robert Vadra on Friday moved anticipatory bail plea in a Delhi Court in connection with a money laundering case being probed by the Enforcement Directorate (ED).

The bail plea will be heard by a special judge on Saturday.

The case relates to ownership of undisclosed assets abroad worth 1.9 million pounds allegedly belonging to Vadra, brother-in-law of Congress President Rahul Gandhi.

The ED lodged a money laundering case against Vadra’s close aide Manoj Arora after his role surfaced during the probe of another case by the Income Tax Department under the new Black Money Act and tax law against absconding arms dealer Sanjay Bhandari.

It said the London-based property was bought by Bhandari and sold in 2010 for the same amount despite incurring additional expenses on its renovation.

On December 7, as part of its investigation, the ED conducted searches at a number of premises in Delhi-NCR and Bengaluru.

IANS

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Business

Anti-black money moves brought Rs 1.3 lakh cr income to tax; Goyal

Presenting the Interim Budget 2019-20, Union Finance Minister Piyush Goyal on Friday said the measures taken against black money by the Centre since 2014 have brought income of Rs 1,30,000 crore to tax.

Asserting the Modi government’s commitment to eliminate black money from the economy, he said measures like Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015, Fugitive Economic Offenders Act, 2018 and demonetisation were taken that have started showing results.

“The measures taken by the government in the last four and a half years have also led to seizure and attachment of assets worth about Rs 50,000 crore.

“During this period, benami assets worth Rs 6,900 crore and foreign assets worth Rs 1,600 crore have also been attached,” Goyal said.

“As many as 3,38,000 shell companies have been detected and deregistered and their directors have been disqualified,” he added.

Further, Goyal said the direct tax collections went up by 18 per cent in 2017-18 and the tax base expanded by 1.06 crore with more than one crore filing tax returns in the financial year 2017-18.

Anti-black money moves brought Rs 1.3 lakh cr income to tax: Goyal

IANS